Description
BSE announces commencement of trading in Rights Entitlements (REs) for DR LALCHANDANI LABS LIMITED from February 04, 2026 to February 17, 2026, with the 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. Trading members are informed that dealings in REs will be permitted on the Exchange from February 04, 2026 to February 17, 2026. The Rights Issue will be open from February 04, 2026 to February 20, 2026. REs will be settled on T+1 rolling settlement basis and tradable only in dematerialized form.
Key Points
- Rights Entitlements trading permitted for DR LALCHANDANI LABS LIMITED
- Scrip Code: 751078, Scrip ID: DLCL-RE, ISIN: INE871Z20013
- Market Lot: 4000 shares
- Group: R (Rights)
- Settlement: T+1 Rolling Settlement on trade-for-trade basis
- REs tradable only in dematerialized form
- Trading members must inform clients with disclaimer in contract notes
- Unsubscribed or unrenounced REs will lapse after Issue Closing Date
- Reference notices: 20200305-21 (March 05, 2020) and 20200518-34 (May 18, 2020)
Regulatory Changes
No new regulatory changes introduced. This circular follows existing framework for Rights Entitlements trading as established in previous BSE notices dated March 05, 2020 and May 18, 2020.
Compliance Requirements
- Trading members must inform all clients about commencement of RE trading
- Must specify the ISIN (INE871Z20013) to avoid confusion with ordinary shares
- Contract notes/bills for RE purchases must include prominent disclaimer stating:
- Purchase of REs gives right to participate in Rights Issue with requisite application money OR renounce before issue closes
- REs neither subscribed nor renounced will lapse after Issue Closing Date
- All trades to be executed on trade-for-trade basis
- REs must be in dematerialized form only
Important Dates
- February 04, 2026: Rights Entitlements trading begins; Rights Issue opens
- February 04-17, 2026: Trading period for renunciation of Rights Entitlements
- February 20, 2026: Rights Issue closes; last date for subscription/renunciation
- After February 20, 2026: Unexercised REs will lapse and be extinguished
Impact Assessment
Market Impact: Medium - affects existing shareholders of DR LALCHANDANI LABS LIMITED who hold Rights Entitlements and need to decide whether to subscribe to the rights issue, renounce their entitlements in the market, or let them lapse.
Operational Impact: Trading members must update systems to handle DLCL-RE scrip (code 751078, ISIN INE871Z20013) with market lot of 4000 shares on T+1 settlement. Contract note generation systems must include mandatory disclaimers for RE purchases.
Investor Impact: Shareholders must act within the 14-day renunciation window (Feb 4-17) or subscribe by February 20, 2026. Failure to act will result in loss of rights value as REs will be extinguished. The 4000-share market lot may limit accessibility for smaller investors during renunciation trading.
Impact Justification
Medium importance as it affects shareholders of DR LALCHANDANI LABS LIMITED who need to decide on rights participation or renunciation. Impact limited to specific company shareholders but requires timely action during the 14-day trading window.