Description

Trading of Rights Entitlements (REs) for renunciation of AVASARA FINANCE LIMITED permitted from January 09, 2026 to January 14, 2026.

Summary

BSE has announced the commencement of trading in Rights Entitlements (REs) for renunciation of AVASARA FINANCE LIMITED. The REs will be tradable from January 09, 2026 to January 14, 2026, with the Rights Issue opening from January 09, 2026 to January 19, 2026. The REs will be settled on T+1 rolling settlement basis on a trade-for-trade basis and are tradable only in dematerialized form.

Key Points

  • Rights Entitlements (REs) trading permitted for AVASARA FINANCE LIMITED
  • Scrip Code: 751075, Scrip ID: AVASA-RE, ISIN: INE759D20017
  • Market Lot: 1, Group: R
  • REs tradable only in dematerialized form
  • Settlement on T+1 rolling settlement basis (trade-for-trade)
  • REs that are neither subscribed nor renounced will lapse after the Issue Closing Date
  • Trading members must inform clients with disclaimer in contract notes

Regulatory Changes

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

Compliance Requirements

  • Trading members must inform all clients about commencement of trading in REs
  • Trading members must clearly mention the ISIN of the RE to clients
  • Contract notes/bills containing purchase of REs must include a prominent disclaimer stating:
    • Purchase of REs only gives the right to participate in the ongoing Rights Issue by making application with requisite application money or renounce the REs before issue closes
    • REs which are neither subscribed nor renounced on or before Issue Closing Date shall lapse and be extinguished
  • Trading members must ensure clients do not mistake REs for ordinary shares of the company

Important Dates

  • Trading Period for Renunciation of REs: Friday, January 09, 2026 to Wednesday, January 14, 2026
  • Rights Issue Opening Date: January 09, 2026
  • Rights Issue Closing Date: January 19, 2026
  • Settlement Basis: T+1 Rolling Settlement

Impact Assessment

This circular has medium impact limited to shareholders and trading members dealing with AVASARA FINANCE LIMITED. Existing shareholders will have the opportunity to renounce their rights entitlements during the specified trading period. The trade-for-trade settlement and dematerialized-only requirement ensures transparency and reduces settlement risk. Non-subscribed and non-renounced REs will lapse after the issue closing date, potentially affecting shareholders who do not take action within the specified timeframe.

Impact Justification

Standard rights entitlements trading notice for a specific company with defined trading period and settlement process