Description

Trading of Rights Entitlements (REs) for renunciation of NACL Industries Limited permitted on BSE from December 22-24, 2025. Rights Issue opens December 22-30, 2025.

Summary

BSE has permitted trading of Rights Entitlements (REs) for renunciation of NACL Industries Limited from December 22-24, 2025. The Rights Issue will be open from December 22 to December 30, 2025. REs will be tradable in dematerialized form only on a T+1 rolling settlement basis with trade-for-trade settlement.

Key Points

  • Rights Entitlements trading for renunciation: December 22-24, 2025
  • Rights Issue period: December 22-30, 2025
  • Scrip Code: 751067, Scrip ID: NACL-RE, ISIN: INE295D20012
  • Market Lot: 1, Group: R
  • Settlement: T+1 rolling settlement, trade-for-trade basis
  • REs tradable in dematerialized form only
  • Trading members must inform clients that REs are not ordinary shares
  • Contract notes must include disclaimer about RE purchase rights and obligations
  • Unsubscribed and unrenounced REs will lapse after issue closing date

Regulatory Changes

No new regulatory changes. This circular follows existing framework for rights entitlement trading as per notice no. 20200305-21 dated March 05, 2020 and notice no. 20200518-34 dated May 18, 2020.

Compliance Requirements

  • Trading members must inform all clients about commencement of RE trading
  • Must clearly mention the ISIN (INE295D20012) of the RE
  • Must clarify that REs are not ordinary shares of the company
  • Contract notes/bills for RE purchases must prominently include disclaimer stating:
    • Purchase of REs only gives right to participate in ongoing Rights Issue by making application with requisite money
    • REs can be renounced before issue closes
    • REs neither subscribed nor renounced before Issue Closing Date will lapse and be extinguished

Important Dates

  • December 18, 2025: Notice date
  • December 22, 2025: RE trading for renunciation begins; Rights Issue opens
  • December 24, 2025: RE trading for renunciation ends
  • December 30, 2025: Rights Issue closes; deadline for subscription/renunciation

Impact Assessment

Market Impact: Medium - affects NACL Industries shareholders who hold rights entitlements and wish to trade them during the brief 3-day renunciation period.

Operational Impact: Trading members need to ensure proper client communication, contract note disclosures, and settlement processing for T+1 trade-for-trade basis. The short trading window (3 days) requires prompt client notifications.

Investor Impact: Shareholders must act within the specified timeframe to either subscribe with application money, renounce their REs through trading, or risk lapse of entitlements after December 30, 2025.

Impact Justification

Standard rights entitlement trading circular affecting NACL Industries shareholders and trading members during the rights issue period