Description

BSE announces trading of Rights Entitlements (REs) for NACL Industries Limited from December 22-24, 2025, with Rights Issue opening December 22-30, 2025.

Summary

BSE has permitted trading in Rights Entitlements (REs) for NACL Industries Limited for a three-day period from December 22-24, 2025. The Rights Issue will be open from December 22, 2025 to December 30, 2025. Trading members must inform clients about RE trading specifics including that REs are distinct from ordinary shares and provide rights to participate in the Rights Issue.

Key Points

  • Rights Entitlements trading period: December 22-24, 2025 (3 trading days)
  • Rights Issue open period: December 22-30, 2025
  • Scrip Code: 751067, Scrip ID: NACL-RE, ISIN: INE295D20012
  • 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 and be extinguished after Issue Closing Date

Regulatory Changes

No new regulatory changes. This circular follows existing framework for Rights Entitlements trading as per notices 20200305-21 (March 05, 2020) and 20200518-34 (May 18, 2020).

Compliance Requirements

  • Trading Members must inform all clients about RE trading commencement and the specific ISIN (INE295D20012)
  • Trading Members must include prominent disclaimer in contract notes/bills for RE purchases
  • Disclaimer must inform clients that RE purchase only provides right to participate in Rights Issue or renounce REs
  • Clients must be warned not to mistake REs for ordinary shares of NACL Industries
  • Trading Members must emphasize that unexercised/unrenounced REs will lapse after December 30, 2025

Important Dates

  • December 18, 2025: Notice issued
  • December 22, 2025: RE trading commences; Rights Issue opens
  • December 24, 2025: RE trading closes
  • December 30, 2025: Rights Issue closes; last date to subscribe or renounce

Impact Assessment

Market Impact: Limited to NACL Industries shareholders and their trading decisions. Short three-day renunciation window requires prompt action from shareholders wishing to trade their rights.

Operational Impact: Trading members must ensure systems are configured for RE trading with proper ISIN, update client communications, and modify contract note templates to include required disclaimers.

Investor Impact: NACL Industries shareholders receive tradable rights that can be renounced during December 22-24, 2025. Investors must act before December 30, 2025 to either subscribe with application money or renounce their REs to avoid lapsing of entitlements.

Impact Justification

Standard rights entitlements trading notice affecting NACL Industries shareholders and trading members with specific procedural requirements and short trading window