Description

Trading in Rights Entitlements (REs) for renunciation of BAID FINSERV LIMITED commences from November 25, 2025 to November 28, 2025. Rights Issue opens November 25, 2025 to December 03, 2025.

Summary

BSE announces the commencement of trading in Rights Entitlements (REs) for renunciation of BAID FINSERV LIMITED from November 25, 2025 to November 28, 2025. The Rights Issue will open on November 25, 2025 and close on December 03, 2025. Trading will be conducted on T+1 Rolling Settlement basis, trade-for-trade, in dematerialized form only.

Key Points

  • Rights Entitlements (REs) trading for renunciation permitted from Tuesday, November 25, 2025 to Friday, November 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
  • REs tradable in dematerialized form only
  • Rights Issue open period: November 25, 2025 to December 03, 2025
  • Unsubscribed or non-renounced REs will lapse after Issue Closing Date

Regulatory Changes

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

Compliance Requirements

  • Trading Members must inform all clients about commencement of trading in REs with ISIN details
  • Trading Members must clarify that REs are not ordinary shares of the company
  • Contract notes/bills for RE purchases must include prominent disclaimer stating:
    • Purchase of REs only provides right to participate in ongoing Rights Issue by making application with requisite application money
    • REs can be renounced before issue closes
    • REs neither subscribed nor renounced by Issue Closing Date will lapse and be extinguished
  • Trading Members must refer to notice 20200305-21 (March 05, 2020) and notice 20200518-34 (May 18, 2020) for additional details

Important Dates

  • November 25, 2025 (Tuesday): Rights Entitlements trading for renunciation commences; Rights Issue opens
  • November 28, 2025 (Friday): Last day for trading Rights Entitlements for renunciation
  • December 03, 2025: Rights Issue closes; unsubscribed/non-renounced REs lapse after this date

Impact Assessment

Market Impact: Medium - Limited to shareholders and traders of BAID FINSERV LIMITED. The short 4-day trading window for renunciation (November 25-28) requires prompt action from investors wishing to trade their rights.

Operational Impact: Trading Members handling BAID FINSERV LIMITED clients must ensure proper client communication regarding RE trading mechanics, settlement requirements, and disclaimer obligations. The T+1 settlement and trade-for-trade basis requires appropriate operational readiness.

Investor Impact: Existing shareholders must decide within the renunciation window whether to subscribe, renounce (sell), or allow their rights to lapse. Failure to act results in automatic lapse post-December 03, 2025.

Impact Justification

Company-specific rights issue with defined trading period for renunciation. Impacts shareholders and traders of BAID FINSERV LIMITED but limited broader market impact.