Description

BSE informs trading members that Rights Entitlements (REs) for ONIX SOLAR ENERGY LIMITED will be available for renunciation trading from February 26 to March 2, 2026, settled on a T+1 trade-for-trade basis.

Summary

BSE has notified trading members that Rights Entitlements (REs) for ONIX SOLAR ENERGY LIMITED (Scrip Code: 751090, Scrip ID: ONIX-RE) will commence trading for renunciation purposes from Thursday, February 26, 2026. The REs will be settled on a T+1 Rolling Settlement basis on a trade-for-trade basis, and are tradable only in dematerialized form.

Key Points

  • Rights Entitlements (REs) for renunciation are permitted on BSE effective February 26, 2026
  • Scrip Code: 751090 | Scrip ID: ONIX-RE | ISIN: INE173M20012
  • Market Lot: 1 | Group: R
  • Settlement: T+1 Rolling Settlement on trade-for-trade basis
  • REs are tradable in dematerialized form only
  • Trading members must inform clients that REs are not ordinary shares of the company
  • Contract notes/bills must carry a prominent disclaimer about the nature of RE purchases
  • Unlapsed REs neither subscribed nor renounced by the Issue Closing Date will be extinguished

Regulatory Changes

No new regulatory changes introduced. This circular operationalizes existing RE trading framework under 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, clearly stating the ISIN (INE173M20012)
  • Members must include a prominent disclaimer in contract notes and bills for RE purchases, informing clients that purchasing REs only entitles them to participate in the Rights Issue or renounce before closing
  • Clients must be warned that REs that are neither subscribed with requisite application money nor renounced by the Issue Closing Date will lapse and be extinguished

Important Dates

  • RE Trading Period (Renunciation): February 26, 2026 – March 2, 2026
  • Rights Issue Open Date: February 26, 2026
  • Rights Issue Close Date: March 6, 2026
  • Settlement Basis: T+1 Rolling Settlement

Impact Assessment

This circular has a moderate, company-specific impact. Existing shareholders of ONIX SOLAR ENERGY LIMITED who do not wish to subscribe to the Rights Issue have a short 5-day window (February 26 – March 2, 2026) to sell their Rights Entitlements on BSE. Investors buying REs during this period gain the right to participate in the ongoing Rights Issue. The trade-for-trade settlement mechanism limits speculative activity, and the demat-only restriction ensures orderly processing. Holders who neither subscribe nor renounce their REs by March 6, 2026 will lose their entitlements.

Impact Justification

Company-specific circular enabling trading in Rights Entitlements for a single issuer; relevant primarily to existing shareholders and traders of ONIX SOLAR ENERGY LIMITED during the defined short window.