Description

BSE permits trading in Rights Entitlements (REs) for renunciation of INDOWIND ENERGY LIMITED from December 01-04, 2025, with Rights Issue opening December 01-09, 2025.

Summary

BSE has announced the commencement of trading in Rights Entitlements (REs) for renunciation of INDOWIND ENERGY LIMITED. The REs will be tradable from December 01-04, 2025, while the Rights Issue itself will be open from December 01-09, 2025. Trading will be conducted on a T+1 rolling settlement basis with trade-for-trade settlement, and REs will be tradable only in dematerialized form.

Key Points

  • Rights Entitlements trading permitted for INDOWIND ENERGY LIMITED
  • Scrip Code: 751063, Scrip ID: INDO-RE2, ISIN: INE227G20034
  • Market Lot: 1, Group: R
  • REs tradable only in dematerialized form
  • Settlement on T+1 rolling settlement basis with trade-for-trade execution
  • Trading members must inform clients that REs are not ordinary shares
  • Disclaimer required in contract notes for RE purchases
  • Unsubscribed and unrenounced REs will lapse and be extinguished after issue closing date

Regulatory Changes

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

Compliance Requirements

  • Trading members must inform all clients about commencement of RE trading and the specific ISIN (INE227G20034)
  • Contract notes/bills for RE purchases must include prominent disclaimer stating that:
    • Purchase of REs only provides right to participate in Rights Issue by making application with requisite money or to renounce REs before issue closes
    • REs not subscribed or renounced before Issue Closing Date will lapse and be extinguished
  • Trading members must ensure clients do not mistake REs for ordinary shares of the company
  • Trading members should refer to notice no-20200305-21 (March 05, 2020) and notice no-20200518-34 (May 18, 2020) for additional details

Important Dates

  • RE Trading Period for Renunciation: December 01, 2025 to December 04, 2025 (4 days)
  • Rights Issue Opening Date: December 01, 2025
  • Rights Issue Closing Date: December 09, 2025
  • Settlement Basis: T+1 Rolling Settlement
  • Notice Date: November 27, 2025

Impact Assessment

Impact on INDOWIND ENERGY LIMITED Shareholders:

  • Existing shareholders receive Rights Entitlements that can be traded during the 4-day renunciation window
  • Shareholders have options to: (1) subscribe to rights issue with application money, (2) renounce and sell REs in market, or (3) let REs lapse
  • Short renunciation window (4 days) requires prompt decision-making

Market Impact:

  • Limited to INDOWIND ENERGY LIMITED and its shareholders
  • Trade-for-trade settlement reduces leverage but ensures delivery-based trading
  • Dematerialization requirement ensures transparent and secure trading
  • T+1 settlement provides quick turnaround for RE transactions

Operational Considerations:

  • Trading members must update systems to handle RE trading for scrip code 751063
  • Client communication and disclaimer requirements add operational steps
  • Risk of client confusion between REs and ordinary shares necessitates clear communication

Impact Justification

Company-specific rights issue affecting INDOWIND ENERGY LIMITED shareholders with specific trading and renunciation periods