Description
Trading in Rights Entitlements (REs) for renunciation of TIMES GREEN ENERGY (INDIA) LIMITED permitted from November 07, 2025 to November 12, 2025.
Summary
BSE has announced the commencement of trading in Rights Entitlements (REs) for renunciation of TIMES GREEN ENERGY (INDIA) LIMITED. Trading will be permitted from Friday, November 07, 2025 to Wednesday, November 12, 2025. The Rights Issue will be open from November 07, 2025 to November 17, 2025. REs will be settled on T+1 rolling settlement basis on a trade-for-trade basis and are tradable in dematerialized form only.
Key Points
- Rights Entitlements trading for TIMES GREEN ENERGY (INDIA) LIMITED begins November 07, 2025
- Scrip Code: 751054, Scrip ID: TIMES-RE, ISIN: INE0B6120012
- Market Lot: 1, Group: R
- Settlement on T+1 rolling settlement basis, trade-for-trade
- REs tradable in dematerialized form only
- Purchase of REs gives right to participate in Rights Issue by making application with requisite money or renouncing REs
- Unsubscribed or unrenounced REs will lapse and be extinguished after Issue Closing Date
- Trading members must inform clients and include disclaimers in contract notes
Regulatory Changes
No new regulatory changes. This circular implements existing framework for rights entitlements trading as per previous notices dated March 05, 2020 (20200305-21) and May 18, 2020 (20200518-34).
Compliance Requirements
- Trading Members must inform all clients about commencement of trading in REs
- Must mention the ISIN (INE0B6120012) of the RE in client communications
- Must clarify that REs shall not be mistaken for ordinary shares
- Must include prominent disclaimer in contract notes/bills containing purchase of REs
- Disclaimer must inform clients that purchase of REs only gives right to participate in Rights Issue or renounce before issue closes
- Must refer to notice no. 20200305-21 (March 05, 2020) and notice no. 20200518-34 (May 18, 2020) for additional details
Important Dates
- November 07, 2025: Rights Entitlements trading for renunciation commences
- November 07, 2025: Rights Issue opens
- November 12, 2025: Last day for Rights Entitlements trading for renunciation
- November 17, 2025: Rights Issue closes
- After November 17, 2025: Unsubscribed/unrenounced REs will lapse and be extinguished
Impact Assessment
Impact on Shareholders: Existing shareholders of TIMES GREEN ENERGY (INDIA) LIMITED who receive Rights Entitlements have the option to either participate in the Rights Issue by applying with requisite money, renounce their entitlements through trading during November 07-12, 2025, or let them lapse. This provides liquidity and flexibility to shareholders.
Market Impact: Limited to shareholders and prospective investors of TIMES GREEN ENERGY (INDIA) LIMITED. The five-day trading window for renunciation allows price discovery for the rights entitlements. T+1 settlement and trade-for-trade basis ensures transparency and reduces counterparty risk.
Operational Impact: Trading members need to ensure proper client communication, disclaimer inclusion in contract notes, and adherence to dematerialized trading requirements. The short trading window requires timely processing.
Impact Justification
Company-specific rights entitlement trading announcement affecting shareholders of TIMES GREEN ENERGY (INDIA) LIMITED with standard procedures for rights issue participation