Description
BSE announces trading in Rights Entitlements (REs) for JAINEX AAMCOL LIMITED from December 1-4, 2025, with Rights Issue opening December 1-9, 2025.
Summary
BSE has announced that trading in Rights Entitlements (REs) for renunciation of JAINEX AAMCOL LIMITED will commence on December 1, 2025. The REs trading window will be open for 4 days from December 1-4, 2025, while the actual Rights Issue will remain open from December 1-9, 2025. Trading will be conducted on T+1 rolling settlement basis in dematerialized form only, with trade-for-trade settlement.
Key Points
- Rights Entitlements trading period: December 1-4, 2025 (Monday to Thursday)
- Rights Issue open period: December 1-9, 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
- Trading form: Dematerialized only
- REs not subscribed or renounced before issue closing date will lapse and be extinguished
Regulatory Changes
No regulatory changes. This circular announces standard rights entitlements trading procedures in accordance with existing BSE framework.
Compliance Requirements
For Trading Members:
- Inform all clients about commencement of REs trading, mentioning the ISIN (INE280F20019)
- Clarify to clients that REs are not ordinary shares of the company
- Include prominent disclaimer in contract notes/bills for RE purchases stating:
- Purchase of REs only provides right to participate in ongoing Rights Issue or renounce REs
- Application must be made with requisite application money
- REs not subscribed or renounced before issue closing date will lapse
- Refer to notice no. 20200305-21 (dated March 5, 2020) and notice no. 20200518-34 (dated May 18, 2020) for additional details
For Investors:
- REs must be held in dematerialized form for trading
- Investors must either subscribe with application money or renounce REs before December 9, 2025
- Failure to act will result in lapse of entitlements
Important Dates
| Date | Event |
|---|---|
| December 1, 2025 | REs trading begins; Rights Issue opens |
| December 4, 2025 | REs trading ends |
| December 9, 2025 | Rights Issue closes; Last date to subscribe or renounce REs |
| After December 9, 2025 | Unsubscribed/unrenounced REs will lapse and be extinguished |
Impact Assessment
Market Impact: Low - Limited to existing shareholders of JAINEX AAMCOL LIMITED and potential investors interested in the rights issue.
Operational Impact: Medium for trading members - Requires proper client communication, disclaimer inclusion in contract notes, and adherence to T+1 settlement procedures for RE trades.
Investor Impact: Medium for JAINEX shareholders - Shareholders have a 4-day window to trade their rights entitlements and a 9-day window to either subscribe to the rights issue or renounce their entitlements. Inaction will result in loss of entitlements.
Impact Justification
Routine rights entitlements trading for a single company with limited market-wide impact, relevant primarily to JAINEX shareholders and those interested in participating in the rights issue.