Description
BSE announces trading in Rights Entitlements (REs) for TILAK VENTURES LIMITED from December 24, 2025 to January 02, 2026 with rights issue opening December 24, 2025 to January 09, 2026.
Summary
BSE has announced that trading in Rights Entitlements (REs) for renunciation of TILAK VENTURES LIMITED will commence on December 24, 2025. The Rights Entitlements will be tradable for renunciation from December 24, 2025 to January 02, 2026, while the Rights Issue itself will remain open from December 24, 2025 to January 09, 2026. The REs will be settled on T+1 rolling settlement basis on a trade-for-trade basis and will be tradable in dematerialized form only.
Key Points
- Rights Entitlements trading period: December 24, 2025 to January 02, 2026
- Rights Issue open period: December 24, 2025 to January 09, 2026
- Scrip Code: 751068
- Scrip ID: TILAK-RE2
- ISIN: INE026L20048
- Market Lot: 1
- Group: R
- Settlement: T+1 rolling settlement, trade-for-trade basis
- Trading form: Dematerialized only
- REs not subscribed or renounced before issue closing date will lapse and be extinguished
Regulatory Changes
No new regulatory changes. This notice follows existing framework for Rights Entitlements trading as per previous notices 20200305-21 (March 05, 2020) and 20200518-34 (May 18, 2020).
Compliance Requirements
- Trading Members must inform all clients about commencement of RE trading with proper ISIN disclosure
- Trading Members must ensure clients understand REs are not ordinary shares
- Contract notes/bills must include prominent disclaimer explaining:
- Purchase of REs only grants right to participate in ongoing Rights Issue
- Clients must make application with requisite money or renounce REs before issue closes
- Un-subscribed and un-renounced REs will lapse after Issue Closing Date
- Trading Members must refer to notice 20200305-21 and 20200518-34 for additional details
Important Dates
- December 24, 2025: RE trading for renunciation begins; Rights Issue opens
- January 02, 2026: RE trading for renunciation ends
- January 09, 2026: Rights Issue closes
Impact Assessment
Market Impact: Low - affects only shareholders of TILAK VENTURES LIMITED
Operational Impact: Medium for Trading Members - requires client communication, proper disclosure in contract notes, and adherence to settlement procedures
Investor Impact: Medium for TILAK shareholders - provides opportunity to participate in rights issue or renounce entitlements during specified trading window. Investors must act before January 09, 2026 to avoid lapse of REs.
Impact Justification
Company-specific rights issue announcement affecting only TILAK VENTURES LIMITED shareholders. Standard procedural notice with limited market-wide impact.