Description
Trading in Rights Entitlements (REs) for renunciation of Deccan Gold Mines Limited permitted from December 17-22, 2025, with Rights Issue opening December 17-26, 2025.
Summary
BSE has announced that Rights Entitlements (REs) for renunciation of Deccan Gold Mines Limited will be available for trading from December 17-22, 2025. The Rights Issue opens on December 17, 2025 and closes on December 26, 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 permitted from Wednesday, December 17, 2025 to Monday, December 22, 2025
- Scrip Code: 751066, Scrip ID: DECNGO-RE, ISIN: INE945F20017
- Market Lot: 1, Group: R
- Settlement on T+1 rolling settlement basis with trade-for-trade execution
- REs tradable in dematerialized form only
- Rights Issue period: December 17, 2025 to December 26, 2025
- Unsubscribed or unrenounced REs will lapse after Issue Closing Date
Regulatory Changes
No new regulatory changes. This notice follows existing framework for rights entitlements trading as per earlier notices dated March 05, 2020 (20200305-21) and May 18, 2020 (20200518-34).
Compliance Requirements
- Trading Members must inform all clients about commencement of REs trading, mentioning the ISIN INE945F20017
- Trading Members must clarify that REs should not be mistaken for ordinary shares
- Contract notes/bills for RE purchases must prominently include disclaimer explaining that:
- Purchase of REs only provides right to participate in ongoing Rights Issue
- Participation requires application with requisite application money or renunciation before issue closes
- REs neither subscribed nor renounced by Issue Closing Date will lapse and be extinguished
- Trading Members must refer to notice no. 20200305-21 and notice no. 20200518-34 for additional details
Important Dates
- December 17, 2025: Rights Entitlements trading begins; Rights Issue opens
- December 22, 2025: Last day for Rights Entitlements trading/renunciation
- December 26, 2025: Rights Issue closes
- Post December 26, 2025: Unsubscribed/unrenounced REs will lapse and be extinguished
Impact Assessment
Market Impact: Medium - Affects existing shareholders of Deccan Gold Mines Limited who hold rights entitlements. The 6-day renunciation trading window (December 17-22) provides opportunity for shareholders to trade their rights before the issue closes on December 26.
Operational Impact: Trading members need to ensure proper client communication regarding the nature of REs, settlement procedures, and consequences of non-action. The T+1 settlement and trade-for-trade basis requires appropriate risk management and client education to prevent confusion with ordinary equity shares.
Impact Justification
Standard rights entitlements trading notice affecting shareholders of Deccan Gold Mines Limited with specific trading and settlement procedures