Description

BSE announces trading in Rights Entitlements (REs) for Hindustan Construction Company Limited from December 12-17, 2025, with rights issue opening December 12-22, 2025.

Summary

BSE has announced the commencement of trading in Rights Entitlements (REs) for renunciation of Hindustan Construction Company Limited starting December 12, 2025. The REs will be tradable from December 12-17, 2025, with the rights issue itself opening from December 12-22, 2025. Trading will be conducted on a T+1 rolling settlement basis, trade-for-trade, and exclusively in dematerialized form.

Key Points

  • Rights Entitlements trading period: December 12, 2025 to December 17, 2025
  • Rights Issue period: December 12, 2025 to December 22, 2025
  • Scrip Code: 751064
  • Scrip ID: HCC-RE1
  • ISIN: INE549A20026
  • Market Lot: 1
  • Group: R
  • Settlement: T+1 Rolling Settlement on trade-for-trade basis
  • REs tradable in dematerialized form only
  • Unsubscribed or unrenounced REs will lapse after issue closing date

Regulatory Changes

No new regulatory changes introduced. This circular follows existing frameworks for rights entitlements trading as outlined in previous notices dated March 05, 2020 (notice no-20200305-21) and May 18, 2020 (notice no-20200518-34).

Compliance Requirements

  • Trading members must inform all clients about commencement of RE trading and mention the ISIN (INE549A20026)
  • Trading members must clarify that REs are not ordinary shares of the company
  • Contract notes/bills must include prominent disclaimer stating:
    • Purchase of REs only gives right to participate in ongoing rights issue or renounce the REs
    • REs must be subscribed with requisite application money or renounced before issue closing date
    • Unsubscribed/unrenounced REs will lapse and be extinguished after issue closing date
  • Trading members should refer to notice no-20200305-21 (March 05, 2020) and notice no-20200518-34 (May 18, 2020) for complete details

Important Dates

  • December 12, 2025: RE trading commences; Rights Issue opens
  • December 17, 2025: RE trading for renunciation ends
  • December 22, 2025: Rights Issue closes; last date to subscribe or renounce REs to avoid lapsing

Impact Assessment

This circular has medium impact limited to Hindustan Construction Company Limited shareholders and market participants interested in rights offerings. Existing shareholders can trade their rights entitlements during the 6-day window (Dec 12-17) or participate in the rights issue during the full 11-day period (Dec 12-22). The trade-for-trade settlement ensures transparency but may limit liquidity. Investors must act before December 22 to avoid losing their rights entitlements. Trading members need to ensure proper client communication and disclaimer protocols to comply with disclosure requirements.

Impact Justification

Affects HCC shareholders and traders interested in rights entitlements; limited to specific company and short trading window