Description

BSE permits trading of Rights Entitlements for renunciation of ANNVRRIDHHI VENTURES LIMITED from November 17-20, 2025, with Rights Issue opening November 17-26, 2025.

Summary

BSE has announced the commencement of trading in Rights Entitlements (REs) for renunciation of ANNVRRIDHHI VENTURES LIMITED from November 17-20, 2025. The Rights Issue will be open from November 17-26, 2025. REs will be tradable in dematerialized form only on a T+1 rolling settlement basis with trade-for-trade settlement.

Key Points

  • Rights Entitlements trading permitted from Monday, November 17, 2025 to Thursday, November 20, 2025
  • Scrip Code: 751056, Scrip ID: ANVRDHI-RE, ISIN: INE075K20021
  • Market Lot: 1, Group: R
  • Settlement: T+1 Rolling Settlement on trade-for-trade basis
  • REs tradable in dematerialized form only
  • Rights Issue open period: November 17, 2025 to November 26, 2025
  • Unsubscribed or unrenounced REs will lapse and be extinguished after Issue Closing Date

Regulatory Changes

No new regulatory changes. This circular follows existing BSE framework for Rights Entitlements trading as per notice no. 20200305-21 dated March 05, 2020 and notice no. 20200518-34 dated May 18, 2020.

Compliance Requirements

  • Trading Members must inform all clients about commencement of REs trading
  • Trading Members must clearly communicate the ISIN of the RE (INE075K20021)
  • Contract notes/bills for REs purchases must include a prominent disclaimer stating:
    • Purchase of REs only provides right to participate in the Rights Issue by making application with requisite money OR renounce the REs before issue closes
    • REs that are neither subscribed nor renounced on or before Issue Closing Date shall lapse
  • Trading Members must ensure clients do not mistake REs for ordinary shares
  • REs must be settled on T+1 basis with trade-for-trade settlement
  • Only dematerialized REs are permitted for trading

Important Dates

  • November 13, 2025: Notice Date
  • November 17, 2025: Rights Entitlements trading begins; Rights Issue opens
  • November 20, 2025: Last day for Rights Entitlements trading (renunciation)
  • November 26, 2025: Rights Issue closes; last day to subscribe or renounce REs

Impact Assessment

Market Impact: Limited to ANNVRRIDHHI VENTURES LIMITED shareholders and traders interested in rights entitlements. The 4-day trading window for renunciation provides liquidity for shareholders who wish to transfer their rights instead of subscribing.

Operational Impact: Trading Members need to ensure proper client communication, disclaimer inclusion in contract notes, and adherence to T+1 settlement requirements. The trade-for-trade settlement mechanism requires specific operational attention.

Investor Impact: Existing shareholders receive rights that can be either exercised (by subscribing with application money), renounced (by selling in the market during November 17-20), or allowed to lapse. Investors purchasing REs must act before November 26, 2025 to avoid lapsing of entitlements.

Impact Justification

Company-specific rights issue with limited trading window; impacts ANNVRRIDHHI shareholders and traders interested in rights entitlements trading