Description

Trading in Rights Entitlements (REs) for DR Lalchandani Labs Limited permitted from February 04, 2026 to February 17, 2026 with rights issue open from February 04 to February 20, 2026.

Summary

BSE has announced the commencement of trading in Rights Entitlements (REs) for renunciation of DR Lalchandani Labs Limited. The REs will be tradable from February 04, 2026 to February 17, 2026, while the Rights Issue itself will remain open from February 04, 2026 to February 20, 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

  • Scrip Code: 751078
  • Scrip ID: DLCL-RE
  • ISIN: INE871Z20013
  • Market Lot: 4000
  • Group: R
  • REs tradable only in dematerialized form
  • Settlement: T+1 Rolling Settlement basis, trade-for-trade
  • Trading members must inform clients about RE purchases and include disclaimer in contract notes
  • REs that are neither subscribed nor renounced before issue closing date will lapse and be extinguished

Regulatory Changes

No regulatory changes introduced. This circular follows 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 mention the ISIN of the RE (INE871Z20013) in client communications
  • Trading members must clarify that REs shall not be mistaken for ordinary shares
  • Contract notes/bills containing RE purchases must include prominent disclaimer informing clients that:
    • Purchase of REs only gives right to participate in ongoing Rights Issue by making application with requisite money OR renounce the REs before issue closes
    • REs neither subscribed nor renounced on or before Issue Closing Date will lapse and be extinguished
  • Trading members must refer to notice no. 20200305-21 and 20200518-34 for additional details

Important Dates

  • February 04, 2026: Trading in Rights Entitlements begins; Rights Issue opens
  • February 17, 2026: Last day for trading/renunciation of Rights Entitlements
  • February 20, 2026: Rights Issue closes; deadline for subscription or renunciation to avoid lapse

Impact Assessment

Market Impact: Medium - affects existing shareholders and potential investors of DR Lalchandani Labs Limited who wish to participate in the rights issue or trade the rights entitlements.

Operational Impact: Trading members need to ensure proper client communication, include mandatory disclaimers in contract notes, and handle T+1 trade-for-trade settlement for REs. Investors must understand the distinction between REs and ordinary shares, and be aware that unexercised/unrenounced REs will lapse after the issue closing date.

Investor Impact: Shareholders receive tradable rights that can be exercised to subscribe to the rights issue, renounced (sold) to other investors, or allowed to lapse. The 13-day trading window provides flexibility for renunciation decisions.

Impact Justification

Standard rights entitlement trading notification affecting shareholders and traders of DR Lalchandani Labs Limited with specific trading and settlement requirements