Description
Trading in Rights Entitlements (REs) for renunciation of JAINEX AAMCOL LIMITED permitted from December 01, 2025 to December 04, 2025.
Summary
BSE has announced that trading in Rights Entitlements (REs) for renunciation of JAINEX AAMCOL LIMITED will commence from December 01, 2025. The renunciation trading period runs for 4 days from December 01 to December 04, 2025, while the Rights Issue itself opens from December 01, 2025 to December 09, 2025. REs will be tradable only in dematerialized form and settled on T+1 rolling settlement basis on a trade-for-trade basis.
Key Points
- Rights Entitlements trading permitted for JAINEX AAMCOL LIMITED
- Trading period: December 01, 2025 to December 04, 2025
- Scrip Code: 751062, Scrip ID: JAINEX-RE
- ISIN Number: INE280F20019
- Market Lot: 1, Group: R
- Settlement on T+1 rolling settlement basis
- Trade-for-trade settlement basis
- REs tradable only in dematerialized form
- Rights Issue opens: December 01, 2025 to December 09, 2025
Regulatory Changes
No regulatory changes introduced. This circular provides operational details for trading Rights Entitlements in accordance with existing SEBI and BSE guidelines on rights issues.
Compliance Requirements
- Trading members must inform all clients about commencement of trading in REs, clearly mentioning the ISIN of the RE (INE280F20019)
- Trading members must ensure clients understand that REs are not ordinary shares of the company
- Contract notes/bills containing purchase of REs must prominently include a disclaimer stating:
- Purchase of REs only gives the right to participate in the ongoing Rights Issue by making application with requisite application money, or to renounce the REs before issue closes
- REs which are neither subscribed nor renounced on or before Issue Closing Date (December 09, 2025) shall lapse and be extinguished
- Trading members should refer to notice no. 20200305-21 dated March 05, 2020 and notice no. 20200518-34 dated May 18, 2020 for further details
Important Dates
- November 27, 2025: Notice issued
- December 01, 2025: Rights Entitlements trading commences; Rights Issue opens
- December 04, 2025: Last day for Rights Entitlements renunciation trading
- December 09, 2025: Rights Issue closes; Last date to subscribe or renounce REs (after which unsubscribed/unrenounced REs lapse)
Impact Assessment
Market Impact: Limited to shareholders of JAINEX AAMCOL LIMITED holding Rights Entitlements. The short 4-day renunciation trading window provides liquidity for shareholders who do not wish to participate in the rights issue.
Operational Impact: Trading members must ensure proper client communication and compliance with disclaimer requirements in contract notes. The T+1 settlement and trade-for-trade basis requires careful operational management.
Investor Impact: Shareholders must act within the specified timeframe to either subscribe to the rights issue, renounce their entitlements through trading, or risk having their REs lapse and become worthless after December 09, 2025.
Impact Justification
Medium importance as this affects specific shareholders of JAINEX AAMCOL LIMITED who hold Rights Entitlements, enabling them to trade renunciation rights during a limited 4-day window before the rights issue closes.