Description

Trading in Rights Entitlements (REs) for renunciation of INDOWIND ENERGY LIMITED commences December 01, 2025 to December 04, 2025 on BSE.

Summary

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

Key Points

  • Scrip Code: 751063, Scrip ID: INDO-RE2, ISIN: INE227G20034
  • Market Lot: 1, Group: R
  • REs settled on T+1 rolling settlement basis
  • Trade-for-trade settlement applicable
  • REs tradable only in dematerialized form
  • Contract notes must include disclaimer about REs not being ordinary shares
  • REs that are neither subscribed nor renounced will lapse after issue closing date

Regulatory Changes

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

Compliance Requirements

  • Trading members must inform all clients about commencement of RE trading and provide ISIN details
  • Contract notes/bills must prominently display disclaimer clarifying that REs are not ordinary shares
  • Disclaimer must state that RE purchase only provides right to participate in rights issue or renounce before closure
  • Trading members must ensure clients understand that unsubscribed/unrenounced REs will lapse after issue closing date

Important Dates

  • RE Trading Period: December 01, 2025 to December 04, 2025
  • Rights Issue Opens: December 01, 2025
  • Rights Issue Closes: December 09, 2025
  • Settlement: T+1 rolling settlement basis

Impact Assessment

This circular provides a short four-day window for existing shareholders of INDOWIND ENERGY LIMITED to trade their rights entitlements before deciding whether to subscribe to the rights issue. The T+1 settlement and trade-for-trade basis ensures clear tracking of RE transactions. Shareholders must act within the specified timeframe as unexercised REs will be extinguished after the issue closing date. The dematerialized-only requirement ensures electronic tracking and reduces settlement risks.

Impact Justification

Enables trading of rights entitlements for existing shareholders of INDOWIND ENERGY LIMITED with specific trading window and settlement requirements