Description
BSE permits trading in Rights Entitlements (REs) for renunciation of AVI POLYMERS LIMITED from February 23, 2026 to March 12, 2026, with the Rights Issue open through March 17, 2026.
Summary
BSE has announced that dealings in Rights Entitlements (REs) for Renunciation of AVI POLYMERS LIMITED are permitted on the Exchange effective Monday, February 23, 2026. The REs will trade under scrip code 751088 (Scrip ID: AVI-RE) and are settled on a T+1 rolling, trade-for-trade basis in dematerialized form only.
Key Points
- Rights Entitlements (REs) for AVI POLYMERS LIMITED are tradable on BSE from February 23, 2026 to March 12, 2026
- Scrip Code: 751088, Scrip ID: AVI-RE, ISIN: INE897N20014
- Market Lot: 1, Group: R
- Settlement on T+1 Rolling Settlement basis; trades settled on trade-for-trade basis
- REs are tradable in dematerialized form only
- Trading members must inform clients that REs are distinct from ordinary equity shares of the company
- Unsubscribed and un-renounced REs will lapse and be extinguished after the Issue Closing Date
Regulatory Changes
No new regulatory changes introduced. This circular operationalizes existing rights entitlement trading framework per BSE notices 20200305-21 (March 5, 2020) and 20200518-34 (May 18, 2020).
Compliance Requirements
- Trading members must notify all clients about the commencement of RE trading, including the ISIN (INE897N20014)
- Members must clarify to clients that REs are not ordinary shares of AVI POLYMERS LIMITED
- Contract notes and bills for RE purchases must prominently include a disclaimer stating that purchasing REs only grants the right to participate in the Rights Issue or renounce REs before issue close
- Members must ensure RE trades are settled on a trade-for-trade basis under T+1 rolling settlement
Important Dates
| Event | Date |
|---|---|
| RE Trading Opens | Monday, February 23, 2026 |
| RE Trading Closes (Renunciation) | Thursday, March 12, 2026 |
| Rights Issue Opens | February 23, 2026 |
| Rights Issue Closes | March 17, 2026 |
| REs Lapse / Extinguished | After March 17, 2026 (Issue Closing Date) |
Impact Assessment
This is a routine operational notice with limited market-wide impact. It affects shareholders of AVI POLYMERS LIMITED who received Rights Entitlements and investors who may wish to purchase REs on the secondary market. Investors must act before March 12, 2026 to renounce REs or before March 17, 2026 to subscribe to the Rights Issue; failure to do either will result in the REs lapsing with no value recovered.
Impact Justification
Routine rights entitlement trading notification for a single company; affects only existing shareholders and those seeking to participate in or renounce the rights issue of AVI POLYMERS LIMITED.