Description
BSE announces 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 permitted trading in Rights Entitlements (REs) for renunciation of GALACTICO CORPORATE SERVICES LIMITED starting February 11, 2026. The REs will trade under scrip code 751083 (GALACT-RE) with ISIN INE906Y20010 from February 11-17, 2026. The underlying Rights Issue will remain open from February 11-23, 2026. Trading will be conducted on a T+1 rolling settlement basis with trade-for-trade settlement in dematerialized form only.
Key Points
- Rights Entitlements trading permitted for GALACTICO CORPORATE SERVICES LIMITED
- RE trading period: February 11-17, 2026
- Rights Issue open period: February 11-23, 2026
- Scrip Code: 751083, Scrip ID: GALACT-RE
- ISIN: INE906Y20010
- Market Lot: 1, Group: R
- Settlement: T+1 rolling settlement, trade-for-trade basis
- Trading permitted in dematerialized form only
- Unsubscribed or unrenounced REs will lapse after Issue Closing Date
Regulatory Changes
No regulatory changes introduced. This circular implements existing framework for Rights Entitlements trading as per previous notices 20200305-21 (March 5, 2020) and 20200518-34 (May 18, 2020).
Compliance Requirements
For Trading Members:
- Inform all clients about commencement of RE trading
- Clearly mention the ISIN of the RE to avoid confusion with ordinary shares
- Include prominent disclaimer in contract notes/bills for RE purchases stating:
- Purchase of REs only provides right to participate in ongoing Rights Issue by applying with requisite money OR renounce REs before issue closes
- REs neither subscribed nor renounced by Issue Closing Date will lapse and be extinguished
- Refer to notice 20200305-21 dated March 5, 2020 and notice 20200518-34 dated May 18, 2020 for additional details
For Investors:
- REs must be held in demat form for trading
- Must either subscribe with application money or renounce before February 23, 2026
- Unexercised REs will be extinguished after closing date
Important Dates
- February 9, 2026: Circular issue date
- February 11, 2026: RE trading commences; Rights Issue opens
- February 11-17, 2026: RE trading period for renunciation
- February 23, 2026: Rights Issue closes (last date to subscribe or renounce)
- Settlement: T+1 basis for all RE trades
Impact Assessment
Market Impact: Medium - Limited to existing shareholders and investors interested in GALACTICO CORPORATE SERVICES LIMITED. Short 7-day trading window for renunciation provides liquidity option for shareholders not wishing to participate in rights issue.
Operational Impact: Trading members must ensure proper client communication and contract note disclaimers. The trade-for-trade settlement and demat-only requirement necessitates specific operational handling distinct from regular equity trading.
Investor Impact: Shareholders receive opportunity to monetize rights through renunciation if they choose not to subscribe. Clear timelines provided for decision-making, but unexercised rights will lapse, requiring active decision by February 23, 2026.
Impact Justification
Company-specific rights issue announcement affecting existing shareholders and potential investors; medium impact limited to this specific security with defined trading period