Description

Trading in Rights Entitlements (REs) for AVASARA FINANCE LIMITED permitted for renunciation from January 09, 2026 to January 14, 2026, with Rights Issue open from January 09 to January 19, 2026.

Summary

BSE has announced that trading in Rights Entitlements (REs) for renunciation of AVASARA FINANCE LIMITED will commence from Friday, January 09, 2026. The Rights Entitlements will be tradable in dematerialized form only on a T+1 rolling settlement basis. The underlying Rights Issue will be open from January 09, 2026 to January 19, 2026. Trading members must inform clients about the nature of REs and include appropriate disclaimers in contract notes.

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 in dematerialized form only
  • Settlement on T+1 rolling settlement basis, trade-for-trade
  • Purchasing REs gives right to participate in Rights Issue by applying with requisite money or renouncing before issue closes
  • Unsubscribed and unrenounced REs will lapse and be extinguished after Issue Closing Date
  • Trading members must include disclaimer in contract notes informing clients about RE nature

Regulatory Changes

No new regulatory changes. Notice refers to existing frameworks established in notice 20200305-21 dated March 05, 2020 and notice 20200518-34 dated May 18, 2020.

Compliance Requirements

  • Trading members must inform all clients about commencement of trading in REs
  • Must specify the ISIN of the RE (INE759D20017) to clients
  • Must clarify that REs are not ordinary shares of the company
  • Must include prominent disclaimer in contract notes/bills containing purchase of REs
  • Disclaimer must inform clients that REs only give right to participate in ongoing Rights Issue or renounce before issue closes
  • Must warn clients that unsubscribed/unrenounced REs will lapse after Issue Closing Date

Important Dates

  • Trading Period for Renunciation: 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 potential investors of AVASARA FINANCE LIMITED. Existing shareholders receive tradable rights entitlements that can either be exercised, renounced, or traded during the specified 6-day window. The short renunciation period (January 09-14) requires prompt decision-making by shareholders. Trading members handling clients with AVASA holdings must ensure proper communication and compliance with disclaimer requirements. The dematerialized-only trading requirement and trade-for-trade settlement minimize operational risks. Failure to act by January 19, 2026 will result in lapse of entitlements.

Impact Justification

Affects shareholders of AVASARA FINANCE LIMITED who wish to trade or renounce rights entitlements during a specific window. Limited to one company but requires timely action from investors.