Description
BSE notifies trading members that Bhandari Hosiery Exports Ltd has fixed a record date of 25 February 2026 for a rights issue offering 4 new equity shares for every 5 held at Rs. 2.56 per share.
Summary
BSE has notified trading members that Bhandari Hosiery Exports Ltd (Scrip Code: 512608) has fixed 25 February 2026 as the record date for a rights issue of equity shares. Effective from the same date, transactions in the company’s equity shares must be conducted on an ex-rights basis under Settlement No. DR-828/2025-2026.
Key Points
- Bhandari Hosiery Exports Ltd (BSE Code: 512608) has announced a rights issue of equity shares.
- Record date fixed at 25 February 2026.
- Rights ratio: 4 new equity shares for every 5 equity shares held.
- Issue price: Rs. 2.56 per share (face value Re. 1/- + premium of Re. 1.56).
- Full issue price of Rs. 2.56 is payable upfront on application.
- Shares will trade on an ex-rights basis from 25 February 2026.
- Applicable settlement: DR-828/2025-2026 (Rolling Settlement Segment, Dematerialised Securities).
Regulatory Changes
No new regulatory changes introduced. This is a standard corporate action notification issued under BSE’s listing compliance framework.
Compliance Requirements
- Trading members must ensure all transactions in Bhandari Hosiery Exports Ltd equity shares are executed on an ex-rights basis effective 25 February 2026.
- Members should communicate this ex-rights adjustment to their clients to avoid settlement discrepancies.
Important Dates
| Event | Date |
|---|---|
| Circular Issue Date | 23 February 2026 |
| Record Date | 25 February 2026 |
| Ex-Rights Effective Date | 25 February 2026 |
| Settlement No. | DR-828/2025-2026 |
Impact Assessment
This rights issue will result in potential dilution of approximately 80% (4 shares issued per 5 held) for shareholders who do not subscribe. The ex-rights adjustment affects the trading price of the stock from 25 February 2026. Existing shareholders holding shares on the record date are entitled to subscribe to new shares at Rs. 2.56 each. The impact is limited to existing shareholders and trading members handling transactions in this scrip; broader market impact is minimal given the company’s small-cap status.
Impact Justification
Routine rights issue corporate action affecting existing shareholders of a single small-cap company; impacts trading basis from record date but is standard market procedure.