Description

Trading of Rights Entitlements (REs) for renunciation of ACE SOFTWARE EXPORTS LIMITED commences from November 28, 2025 to December 10, 2025, with the Rights Issue opening from November 28 to December 15, 2025.

Summary

BSE has announced the commencement of trading in Rights Entitlements (REs) for renunciation of ACE SOFTWARE EXPORTS LIMITED. Trading members can trade these REs from November 28, 2025 to December 10, 2025, while the actual Rights Issue will remain open from November 28, 2025 to December 15, 2025. The REs will be settled on T+1 rolling settlement basis on a trade-for-trade basis and are tradable only in dematerialized form.

Key Points

  • Rights Entitlements trading permitted for ACE SOFTWARE EXPORTS LIMITED from November 28, 2025
  • Scrip Code: 751061, Scrip ID: ACES-RE1, ISIN: INE849B20028
  • Market Lot: 1, Group: R
  • Settlement on T+1 rolling settlement basis, trade-for-trade
  • REs tradable in dematerialized form only
  • Trading members must inform clients with disclaimer in contract notes
  • Unsubscribed or unrenounced REs will lapse after Issue Closing Date

Regulatory Changes

No new regulatory changes introduced. This circular follows existing framework for Rights Entitlements trading as per 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 trading in REs
  • Trading members must mention the ISIN of the RE (INE849B20028) to clients
  • Trading members must clarify that REs should not be mistaken for ordinary shares
  • Contract notes/bills containing purchase of REs must include a prominent disclaimer stating:
    • Purchase of REs only gives right to participate in ongoing Rights Issue by making application with requisite money OR renounce the REs before issue closes
    • REs neither subscribed nor renounced before Issue Closing Date will lapse and be extinguished
  • Trading members should refer to notice nos. 20200305-21 and 20200518-34 for detailed procedures

Important Dates

  • November 28, 2025: Rights Entitlements trading for renunciation commences; Rights Issue opens
  • December 10, 2025: Last day for trading Rights Entitlements for renunciation
  • December 15, 2025: Rights Issue closes; unsubscribed/unrenounced REs will lapse after this date

Impact Assessment

Market Impact: Medium - affects existing shareholders of ACE SOFTWARE EXPORTS LIMITED who can trade their rights entitlements during the specified window.

Operational Impact: Trading members need to ensure proper client communication, include mandatory disclaimers in contract notes, and handle T+1 settlement for trade-for-trade transactions in dematerialized form only.

Investor Impact: Shareholders have the option to either subscribe to the rights issue, renounce their REs by trading them during November 28 - December 10, 2025, or let them lapse if no action is taken by December 15, 2025.

Impact Justification

Standard rights issue circular affecting existing shareholders of ACE SOFTWARE EXPORTS LIMITED, with specific trading windows and settlement requirements for Rights Entitlements renunciation.