Description

BSE permits trading in Rights Entitlements (REs) for renunciation of ACE Software Exports Limited from November 28, 2025 to December 10, 2025, with the Rights Issue open until December 15, 2025.

Summary

BSE has announced the commencement of trading in Rights Entitlements (REs) for renunciation of ACE Software Exports Limited. Trading in REs will be permitted from Friday, November 28, 2025 to Wednesday, December 10, 2025. The Rights Issue itself will remain open from November 28, 2025 to December 15, 2025. REs will be traded in dematerialized form only on a T+1 rolling settlement basis with trade-for-trade settlement.

Key Points

  • Rights Entitlements trading commences for ACE Software Exports Limited
  • Scrip Code: 751061, Scrip ID: ACES-RE1, ISIN: INE849B20028
  • Market Lot: 1, Group: R
  • Trading allowed only in dematerialized form
  • T+1 rolling settlement basis with trade-for-trade settlement
  • REs give holders the right to participate in the Rights Issue or renounce them
  • Unsubscribed and unrenounced REs will lapse after the Issue Closing Date
  • Trading members must inform clients about RE purchases and include disclaimers in contract notes

Regulatory Changes

No regulatory changes introduced. This circular implements existing rights issue framework as per previous notices (20200305-21 dated March 05, 2020 and 20200518-34 dated May 18, 2020).

Compliance Requirements

  • Trading members must inform all clients about commencement of RE trading
  • Trading members must specify the ISIN of the RE (INE849B20028) to avoid confusion with ordinary shares
  • Contract notes/bills for RE purchases must include a prominent disclaimer stating:
    • Purchase of REs only provides right to participate in the Rights Issue by applying with requisite money or renouncing before issue closes
    • REs neither subscribed nor renounced by Issue Closing Date will lapse and be extinguished
  • Trading members should refer to notice nos. 20200305-21 and 20200518-34 for additional details

Important Dates

  • November 28, 2025: RE trading period begins; Rights Issue opens
  • December 10, 2025: RE trading period for renunciation ends
  • December 15, 2025: Rights Issue closes; unsubscribed/unrenounced REs lapse after this date

Impact Assessment

This circular has minimal market-wide impact as it pertains only to ACE Software Exports Limited and its shareholders. Existing shareholders receive tradable rights entitlements allowing them to subscribe to additional shares or sell their entitlement rights in the market. The 13-day renunciation period and 18-day subscription period provide adequate time for investor decision-making. Trading members need to ensure proper client communication and contract note disclaimers to maintain transparency.

Impact Justification

Routine rights issue notification for a single company affecting only shareholders and potential investors of ACE Software Exports Limited. No systemic market impact.