Description

BSE permits dealings in Rights Entitlements (REs) of AVI POLYMERS LIMITED for renunciation from February 23 to March 12, 2026, with the Rights Issue open from February 23 to March 17, 2026.

Summary

BSE has announced that dealings in Rights Entitlements (REs) for Renunciation of AVI POLYMERS LIMITED are permitted on the Exchange with effect from Monday, February 23, 2026. The REs will be tradable in dematerialized form only and settled on a T+1 Rolling Settlement basis on a trade-for-trade basis.

Key Points

  • Rights Entitlements (REs) for AVI POLYMERS LIMITED are permitted for trading on BSE from February 23, 2026
  • Scrip Code: 751088, Scrip ID: AVI-RE, ISIN: INE897N20014
  • Market Lot size is 1, listed under Group R
  • Settlement is on T+1 Rolling Settlement basis on a trade-for-trade basis
  • REs are tradable in dematerialized form only
  • Trading members must inform clients that REs are distinct from ordinary shares of the company
  • Unsubscribed and unrenounced REs will lapse and be extinguished after the Issue Closing Date
  • Reference notices: 20200305-21 (March 05, 2020) and 20200518-34 (May 18, 2020) apply

Regulatory Changes

No new regulatory changes introduced. This circular implements existing BSE framework for Rights Entitlements trading as established under notice nos. 20200305-21 and 20200518-34.

Compliance Requirements

  • Trading members must inform all clients about the commencement of trading in REs, specifically mentioning the ISIN (INE897N20014) and clarifying that REs are not ordinary shares
  • Contract notes and bills for RE purchases must prominently display a disclaimer stating that purchase of REs only entitles the holder to participate in the ongoing Rights Issue or renounce the REs before issue closure
  • Trading members must ensure clients are aware that unrenounced and unsubscribed REs will lapse after the Issue Closing Date

Important Dates

  • RE Trading Start Date: Monday, February 23, 2026
  • RE Trading Period (Renunciation): February 23, 2026 to Thursday, March 12, 2026
  • Rights Issue Open Date: February 23, 2026
  • Rights Issue Close Date: March 17, 2026
  • RE Lapse/Extinguishment: After March 17, 2026 (Issue Closing Date)

Impact Assessment

This circular has a medium impact on existing shareholders and investors of AVI POLYMERS LIMITED. Shareholders who received Rights Entitlements can either subscribe to the rights issue by paying the requisite application money or renounce their REs by selling them on the exchange during the trading window (February 23 – March 12, 2026). The trade-for-trade settlement mechanism limits netting and speculative activity. Investors should note the strict lapse clause — any REs neither subscribed nor renounced by March 17, 2026 will be extinguished, resulting in a loss of entitlement value.

Impact Justification

Routine rights entitlement trading notice affecting shareholders and investors of AVI POLYMERS LIMITED with defined trading and subscription windows; relevant to existing and prospective rights issue participants.