Description

Trading of Rights Entitlements (REs) for renunciation permitted from December 12-16, 2025 for PATEL ENGINEERING LIMITED rights issue opening December 12-19, 2025.

Summary

BSE has announced the commencement of trading in Rights Entitlements (REs) for renunciation of PATEL ENGINEERING LIMITED starting December 12, 2025. The REs will be tradable from December 12-16, 2025, while the rights issue itself opens December 12-19, 2025. Trading will be conducted on T+1 rolling settlement basis on a trade-for-trade basis in dematerialized form only.

Key Points

  • Rights Entitlements trading permitted from Friday, December 12, 2025 to Tuesday, December 16, 2025
  • Scrip Code: 751065, Scrip ID: PATELEG-RE, ISIN: INE244B20022
  • Market Lot: 1, Group: R
  • Rights Issue opens December 12, 2025 and closes December 19, 2025
  • Settlement on T+1 Rolling Settlement basis
  • Trade-for-trade settlement applicable
  • REs tradable in dematerialized form only
  • Trading members must inform clients about RE trading with proper disclaimers in contract notes
  • REs neither subscribed nor renounced before issue closing date will lapse and be extinguished

Regulatory Changes

No regulatory changes introduced. This notice follows existing framework for rights entitlements trading as per earlier circulars 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
  • Trading members must mention the ISIN of the RE clearly to clients
  • Trading members must include prominent disclaimer in contract notes/bills containing purchase of REs
  • Disclaimer must inform clients that:
    • Purchase of REs only gives right to participate in ongoing rights issue by making application with requisite application money OR renounce the REs before issue closes
    • REs which are neither subscribed with application money nor renounced on or before Issue Closing Date shall lapse and be extinguished
  • Trading members must ensure REs are not mistaken for ordinary shares of the company

Important Dates

  • December 10, 2025: Notice date
  • December 12, 2025: Rights Entitlements trading begins; Rights Issue opens
  • December 16, 2025: Rights Entitlements trading for renunciation ends
  • December 19, 2025: Rights Issue closes

Impact Assessment

Market Impact: Medium - Existing shareholders of PATEL ENGINEERING LIMITED can trade their rights entitlements during the 5-day renunciation period, providing liquidity and flexibility for those who do not wish to participate in the rights issue.

Operational Impact: Trading members need to ensure proper client communication and compliance with disclaimer requirements in contract notes. The T+1 settlement and trade-for-trade basis requires appropriate risk management and client funding arrangements.

Investor Impact: Shareholders have the option to either subscribe to the rights issue, renounce their entitlements by trading them in the market during December 12-16, 2025, or let them lapse. Unexercised REs will be extinguished after the issue closing date.

Impact Justification

Standard rights entitlements trading notice affecting existing shareholders of PATEL ENGINEERING LIMITED with specific trading and settlement procedures