Description
Trading in Rights Entitlements (REs) for renunciation of INDOWIND ENERGY LIMITED will commence on December 01, 2025, with the Rights Issue opening from December 01 to December 09, 2025.
Summary
BSE has announced that trading in Rights Entitlements (REs) for renunciation of INDOWIND ENERGY LIMITED will be permitted on the Exchange from Monday, December 01, 2025. The Rights Issue will open on December 01, 2025 and close on December 09, 2025. Rights Entitlements shall be tradable in dematerialized form only and will be settled on T+1 Rolling Settlement basis on a trade-for-trade basis.
Key Points
- Rights Entitlements trading for INDOWIND ENERGY LIMITED commences December 01, 2025
- 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
- Trade-for-trade settlement applicable
- Trading members must inform clients about RE trading with appropriate disclaimers
- REs neither subscribed nor renounced by Issue Closing Date will lapse and be extinguished
Regulatory Changes
No new regulatory changes. Trading members are requested to refer to previous notices: 20200305-21 dated March 05, 2020 and 20200518-34 dated May 18, 2020 for detailed guidelines on Rights Entitlements trading.
Compliance Requirements
- Trading members must inform all clients about commencement of RE trading
- Trading members must mention the ISIN of the RE to avoid confusion with ordinary shares
- Contract notes/bills for RE purchases must include prominent disclaimer stating:
- Purchase of REs only gives right to participate in the Rights Issue by making application with requisite money
- REs can be renounced before issue closes
- Un-subscribed and un-renounced REs will lapse after Issue Closing Date
- Trading members must refer to prior notices 20200305-21 and 20200518-34 for complete details
Important Dates
- Trading Period for Renunciation: Monday, December 01, 2025 to Thursday, December 04, 2025
- Rights Issue Opening Date: December 01, 2025
- Rights Issue Closing Date: December 09, 2025
- Settlement Basis: T+1 Rolling Settlement
Impact Assessment
Market Impact: Medium - Affects existing shareholders of INDOWIND ENERGY LIMITED who wish to exercise, renounce, or trade their rights entitlements during the specified 4-day trading window.
Investor Impact: Shareholders have the option to:
- Subscribe to the Rights Issue by making application with requisite funds
- Renounce their rights and trade the REs in the market during December 01-04, 2025
- Allow REs to lapse if no action is taken by December 09, 2025
Operational Impact: Trading members need to ensure proper client communication, contract note disclaimers, and awareness that REs are distinct from ordinary shares. The short 4-day renunciation window requires prompt action from interested participants.
Impact Justification
Corporate action affecting shareholders of INDOWIND ENERGY LIMITED with specific trading window for rights entitlements renunciation; impacts existing shareholders and potential investors.