Description

BSE announces commencement of trading in Rights Entitlements (REs) for renunciation of GALACTICO CORPORATE SERVICES LIMITED from February 11-17, 2026, with Rights Issue opening February 11-23, 2026.

Summary

BSE has announced that trading in Rights Entitlements (REs) for renunciation of GALACTICO CORPORATE SERVICES LIMITED will commence on February 11, 2026. The Rights Issue will be open from February 11-23, 2026, with REs tradable from February 11-17, 2026. REs will be settled on T+1 rolling settlement basis and are tradable only in dematerialized form.

Key Points

  • Company Name: GALACTICO CORPORATE SERVICES LIMITED
  • Security Type: Rights Entitlements (REs)
  • Scrip Code: 751083
  • Scrip ID: GALACT-RE
  • ISIN: INE906Y20010
  • Market Lot: 1
  • Group: R
  • Settlement: T+1 Rolling Settlement on trade-for-trade basis
  • REs tradable only in dematerialized form
  • Trading members must inform clients that REs are not ordinary shares
  • Disclaimer required in contract notes for RE purchases
  • Unsubscribed and 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 notices 20200305-21 (March 5, 2020) and 20200518-34 (May 18, 2020).

Compliance Requirements

  • Trading members must inform all clients about commencement of trading in REs
  • Must specify the ISIN (INE906Y20010) of the RE in client communications
  • Must include prominent disclaimer in contract notes/bills containing RE purchases
  • Disclaimer must inform clients that:
    • Purchase of REs only gives right to participate in Rights Issue by making application with requisite money
    • REs can be renounced before issue closes
    • REs neither subscribed nor renounced will lapse and be extinguished after Issue Closing Date
  • Must clarify to clients that REs are not ordinary shares of the company

Important Dates

  • February 11, 2026: Rights Issue opens; RE trading for renunciation begins
  • February 11-17, 2026: Trading period for renunciation of Rights Entitlements
  • February 23, 2026: Rights Issue closes; deadline for subscription or renunciation
  • After February 23, 2026: Unsubscribed/unrenounced REs will lapse and be extinguished

Impact Assessment

This circular has limited market impact as it pertains only to shareholders of GALACTICO CORPORATE SERVICES LIMITED. Existing shareholders can either subscribe to the rights issue, renounce their entitlements through trading on BSE between February 11-17, 2026, or allow them to lapse. The T+1 settlement on trade-for-trade basis provides quick settlement for RE transactions. Only impacts investors interested in this specific company’s rights issue.

Impact Justification

Company-specific rights issue affecting only shareholders of GALACTICO CORPORATE SERVICES LIMITED, no broader market impact