Description

Trading in Rights Entitlements (REs) for renunciation of Galaxy Agrico Exports Limited permitted from February 02-05, 2026, with Rights Issue opening February 02-11, 2026.

Summary

BSE has announced the commencement of trading in Rights Entitlements (REs) for renunciation of Galaxy Agrico Exports Limited. Trading Members are informed that REs will be tradable from February 02-05, 2026 on a T+1 rolling settlement basis. The Rights Issue itself will be open from February 02-11, 2026. REs will be settled on a trade-for-trade basis and tradable in dematerialized form only.

Key Points

  • Rights Entitlements trading permitted for Galaxy Agrico Exports Limited
  • Scrip Code: 751077, Scrip ID: GALAGEX-RE
  • ISIN: INE803L20016
  • 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 after issue closing date

Regulatory Changes

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

Compliance Requirements

  • Trading Members must inform all clients about commencement of REs trading and the ISIN number
  • Trading Members must clearly distinguish REs from ordinary shares of the company
  • Contract notes/bills containing REs purchases must include prominent 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
    • Unsubscribed/unrenounced REs will lapse and be extinguished after Issue Closing Date
  • Trading Members must refer to previous notices for detailed guidelines

Important Dates

  • Trading Period for Renunciation: Monday, February 02, 2026 to Thursday, February 05, 2026
  • Rights Issue Opening Date: February 02, 2026
  • Rights Issue Closing Date: February 11, 2026
  • Settlement Basis: T+1 Rolling Settlement

Impact Assessment

Market Impact: Medium - Limited to Galaxy Agrico Exports shareholders and potential investors interested in participating in the rights issue.

Operational Impact: Trading Members need to ensure proper client communication regarding REs trading, including mandatory disclaimers in contract notes. The short 4-day trading window for renunciation requires timely action from shareholders who wish to renounce their rights. Clients must be educated about the distinction between REs and ordinary shares to avoid confusion.

Impact Justification

Company-specific rights issue affecting Galaxy Agrico Exports shareholders with limited trading window for renunciation