Description
Trading in Rights Entitlements (REs) for renunciation of HCC shares will commence from December 12, 2025 to December 17, 2025, with the Rights Issue open from December 12 to December 22, 2025.
Summary
BSE has announced the commencement of trading in Rights Entitlements (REs) for renunciation of Hindustan Construction Company Limited shares. Trading will be permitted from December 12, 2025 to December 17, 2025, with the Rights Issue open from December 12 to December 22, 2025. The 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
- Rights Entitlements trading period: December 12, 2025 to December 17, 2025
- Rights Issue open 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, trade-for-trade basis
- REs tradable in dematerialized form only
- Unsubscribed or unrenounced REs will lapse after the Issue Closing Date
Regulatory Changes
No new regulatory changes. This circular follows existing framework for Rights Entitlements trading as outlined in notices dated March 05, 2020 (20200305-21) and May 18, 2020 (20200518-34).
Compliance Requirements
- Trading Members must inform all clients about commencement of RE trading, including the ISIN of the RE
- Trading Members must clarify to clients that REs should not be mistaken for ordinary shares
- Contract notes/bills containing purchase of REs must include a prominent disclaimer informing clients that:
- Purchase of REs only gives the right to participate in the ongoing Rights Issue by making an application with requisite application money, or to renounce the REs before issue closes
- REs which are neither subscribed nor renounced on or before the Issue Closing Date shall lapse and be extinguished
- Trading Members must refer to notice no. 20200305-21 (March 05, 2020) and notice no. 20200518-34 (May 18, 2020) for additional details
Important Dates
- December 10, 2025: Circular issued
- December 12, 2025: Rights Entitlements trading begins; Rights Issue opens
- December 17, 2025: Rights Entitlements trading closes
- December 22, 2025: Rights Issue closes; unsubscribed/unrenounced REs will lapse after this date
Impact Assessment
Impact on Shareholders: Existing HCC shareholders will receive Rights Entitlements that can be traded during the specified window or used to subscribe to the rights issue. Shareholders must act before December 22, 2025 to avoid lapse of their REs.
Impact on Trading Members: Trading members must ensure proper client communication regarding RE trading, include mandatory disclaimers in contract notes, and facilitate trade-for-trade settlement on T+1 basis.
Market Impact: Limited to HCC shareholders and traders interested in the rights issue. The trade-for-trade settlement mechanism ensures transparent and controlled trading of rights entitlements during the six-day trading window.
Impact Justification
Standard rights entitlements trading notification affecting HCC shareholders and traders, with specific trading window and settlement requirements.