Description

Trading in Rights Entitlements (REs) for BAID FINSERV LIMITED permitted from November 25, 2025 to November 28, 2025, with Rights Issue opening from November 25 to December 03, 2025.

Summary

BSE has announced that trading in Rights Entitlements (REs) for renunciation of BAID FINSERV LIMITED will be permitted on the Exchange from Tuesday, November 25, 2025. The Rights Issue will open on November 25, 2025 and close on December 03, 2025. REs will be tradable in dematerialized form only on a T+1 rolling settlement basis and trade-for-trade basis.

Key Points

  • Rights Entitlements trading commences on November 25, 2025
  • Trading period for renunciation: November 25-28, 2025
  • Scrip Code: 751060, Scrip ID: BAIDFIN-RE
  • ISIN: INE020D20014
  • Market Lot: 1, Group: R
  • Settlement on T+1 rolling settlement basis
  • Trade-for-trade settlement applicable
  • REs tradable in dematerialized form only
  • Rights Issue period: November 25 to December 03, 2025

Regulatory Changes

No new regulatory changes. This notice follows existing framework for Rights Entitlements trading as established in previous BSE circulars (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 the commencement of trading in REs, mentioning the ISIN of the RE
  • Trading Members must clarify that REs shall not be mistaken for ordinary shares
  • Contract notes/bills containing purchase of REs must include a prominent disclaimer informing clients that:
    • Purchase of REs only gives the right to participate in the ongoing Rights Issue by making an application with requisite application money, or to renounce the REs before issue closes
    • REs which are neither subscribed with requisite application money nor renounced on or before the Issue Closing Date shall lapse and be extinguished after the Issue Closing Date
  • Trading Members must refer to previous notices (20200305-21 and 20200518-34) for further details

Important Dates

  • November 21, 2025: Notice date
  • November 25, 2025: Rights Entitlements trading begins; Rights Issue opens
  • November 25-28, 2025: Trading period for renunciation of Rights Entitlements
  • December 03, 2025: Rights Issue closes

Impact Assessment

Market Impact: Medium - affects existing shareholders of BAID FINSERV LIMITED who need to decide whether to subscribe to the rights issue, renounce their rights entitlements, or allow them to lapse.

Operational Impact: Trading members need to ensure proper client communication regarding REs trading, include mandatory disclaimers in contract notes, and handle T+1 settlement on trade-for-trade basis. The short renunciation window (4 days) requires prompt action from shareholders interested in trading their rights entitlements.

Impact Justification

Standard rights entitlements trading notice affecting shareholders of BAID FINSERV LIMITED with specific trading and settlement requirements during the rights issue period.