Description

BSE announces trading of Rights Entitlements for renunciation of JAINEX AAMCOL LIMITED from December 01-04, 2025, with Rights Issue opening December 01-09, 2025.

Summary

BSE has permitted trading of Rights Entitlements (REs) for renunciation of JAINEX AAMCOL LIMITED from December 01-04, 2025. The Rights Issue will open on December 01, 2025 and close on December 09, 2025. REs will be settled on T+1 rolling settlement basis and are tradable in dematerialized form only on a trade-for-trade basis.

Key Points

  • Rights Entitlements trading period: December 01-04, 2025
  • Rights Issue period: December 01-09, 2025
  • Scrip Code: 751062, Scrip ID: JAINEX-RE, ISIN: INE280F20019
  • Market Lot: 1, Group: R
  • Settlement: T+1 Rolling Settlement on trade-for-trade basis
  • REs tradable in dematerialized form only
  • Trading members must inform clients that REs are not ordinary shares
  • Unsubscribed/unrenounced REs will lapse after Issue Closing Date
  • Contract notes must include disclaimer about RE nature and requirements

Regulatory Changes

No new regulatory changes. This circular implements existing framework for Rights Entitlements trading as outlined in 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
  • Contract notes/bills must prominently display disclaimer explaining that:
    • Purchase of REs only grants right to participate in Rights Issue
    • Application must be made with requisite money or REs must be renounced before issue closes
    • REs neither subscribed nor renounced will lapse after Issue Closing Date
  • Trading members must ensure clients understand ISIN INE280F20019 is for REs, not ordinary shares
  • Trading members should refer to notice 20200305-21 and 20200518-34 for additional guidance

Important Dates

  • November 27, 2025: Circular issued
  • December 01, 2025: RE trading commences; Rights Issue opens
  • December 04, 2025: RE trading for renunciation ends
  • December 09, 2025: Rights Issue closes; deadline for subscription/renunciation

Impact Assessment

Market Impact: Low - affects only JAINEX AAMCOL LIMITED shareholders and interested investors.

Operational Impact: Medium for trading members handling JAINEX clients - must ensure proper client communication, contract note disclaimers, and awareness of short 4-day RE trading window.

Investor Impact: High for JAINEX shareholders - must act within tight timeframe (December 01-09) to either subscribe, renounce REs, or risk lapsing of entitlements. The 4-day renunciation window (December 01-04) is particularly critical for those wishing to sell their rights.

Impact Justification

Company-specific rights issue affecting only JAINEX AAMCOL shareholders; limited market-wide impact but important for existing shareholders to understand RE trading mechanics and deadlines.