Description

Trading of Rights Entitlements (REs) for renunciation of TITAN INTECH LIMITED permitted on the Exchange from November 10, 2025 to November 14, 2025.

Summary

BSE has announced that trading in Rights Entitlements (REs) for renunciation of TITAN INTECH LIMITED will commence from November 10, 2025 to November 14, 2025. The Rights Issue will open on November 10, 2025 and close on November 19, 2025. REs will be settled on T+1 Rolling Settlement basis and traded on a trade-for-trade basis in dematerialized form only.

Key Points

  • Rights Entitlements trading permitted for TITAN INTECH LIMITED from November 10-14, 2025
  • Scrip Code: 751053, Scrip ID: TITANI-RE, ISIN: INE807M20015
  • Market Lot: 1, Group: R
  • Rights Issue period: November 10, 2025 to November 19, 2025
  • Settlement: T+1 Rolling Settlement on trade-for-trade basis
  • REs tradable in dematerialized form only
  • Unsubscribed or unrenounced REs will lapse after Issue Closing Date

Regulatory Changes

No new regulatory changes introduced. This circular implements existing framework for Rights Entitlements trading as per previous notices dated March 05, 2020 (notice no. 20200305-21) and May 18, 2020 (notice no. 20200518-34).

Compliance Requirements

  • Trading Members must inform all clients about commencement of RE trading mentioning the ISIN (INE807M20015)
  • Trading Members must clarify that REs should not be mistaken for ordinary shares
  • Contract notes/bills for RE purchases must prominently include a disclaimer informing clients that:
    • Purchase of REs only gives right to participate in the Rights Issue by making application with requisite money
    • REs can be renounced before issue closes
    • REs neither subscribed nor renounced will lapse after Issue Closing Date
  • Trading Members must refer to notice no. 20200305-21 (March 05, 2020) and notice no. 20200518-34 (May 18, 2020) for further details

Important Dates

  • November 06, 2025: Notice Date
  • November 10, 2025: RE trading commences; Rights Issue opens
  • November 10-14, 2025: RE renunciation trading period
  • November 19, 2025: Rights Issue closes; last date for subscription or renunciation

Impact Assessment

This circular has medium impact limited to TITAN INTECH LIMITED shareholders and market participants interested in the company’s rights issue. The trading window for REs is brief (5 days) requiring prompt action from eligible shareholders who wish to renounce their rights. The T+1 settlement and trade-for-trade basis ensures transparency but requires careful attention to timelines. Unrenounced and unsubscribed REs will permanently lapse after the issue closing date, making timely decision-making critical for rights holders.

Impact Justification

Company-specific rights entitlement trading with limited timeframe affecting only TITAN INTECH LIMITED shareholders and traders interested in participating in the rights issue