Description
Trading commencement for Rights Entitlements (REs) of TITAN INTECH LIMITED for renunciation from November 10-14, 2025, with Rights Issue opening November 10-19, 2025.
Summary
BSE has announced the commencement of trading in Rights Entitlements (REs) for TITAN INTECH LIMITED, enabling existing shareholders to renounce their rights from November 10-14, 2025. The Rights Issue itself will remain open from November 10-19, 2025. REs will be traded on T+1 rolling settlement basis in dematerialized form only on a trade-for-trade basis.
Key Points
- Trading in Rights Entitlements permitted from Monday, November 10, 2025
- Renunciation period: November 10-14, 2025 (5 trading days)
- Rights Issue open period: November 10-19, 2025
- Scrip Code: 751053, Scrip ID: TITANI-RE
- ISIN: INE807M20015
- Market Lot: 1, Group: R
- Settlement: T+1 Rolling Settlement on trade-for-trade basis
- Trading allowed in dematerialized form only
- REs not subscribed or renounced before Issue Closing Date will lapse and be extinguished
Regulatory Changes
No new regulatory changes introduced. This circular operationalizes existing Rights Issue framework for a specific company.
Compliance Requirements
For Trading Members:
- Inform all clients about commencement of trading in REs with proper ISIN mention
- Ensure clients understand REs are not ordinary shares of the company
- Include prominent disclaimer in contract notes/bills for RE purchases stating:
- Purchase of REs only grants right to participate in ongoing Rights Issue by applying with requisite money OR renouncing REs before issue closes
- REs neither subscribed nor renounced on or before Issue Closing Date will lapse and be extinguished
- Refer to notice no. 20200305-21 dated March 05, 2020 and notice no. 20200518-34 dated May 18, 2020 for additional details
- Settle RE trades on T+1 basis, trade-for-trade
For Investors:
- Holders of REs must either subscribe with application money or renounce before November 19, 2025
- Failure to act will result in lapse and extinguishment of REs
Important Dates
- November 6, 2025: Circular issued
- November 10, 2025: Trading in REs commences; Rights Issue opens
- November 10-14, 2025: Renunciation period for REs
- November 19, 2025: Rights Issue closes (last date to subscribe or renounce)
- After November 19, 2025: Unexercised REs will lapse and be extinguished
Impact Assessment
Market Impact: Low to medium - affects only existing shareholders of TITAN INTECH LIMITED who hold rights entitlements. The short renunciation window (5 days) requires prompt action from shareholders wishing to trade their REs.
Operational Impact: Medium for brokers and trading members who must ensure proper client communication, disclaimer inclusion in contract notes, and T+1 settlement processing for RE trades. The trade-for-trade settlement mechanism requires careful tracking of each transaction.
Investor Impact: Medium for TITAN INTECH shareholders - provides opportunity to monetize rights through renunciation if they do not wish to subscribe to the Rights Issue. Critical deadline awareness required to avoid lapse of valuable entitlements.
Impact Justification
Company-specific rights issue with limited trading window affecting existing shareholders of TITAN INTECH LIMITED only