Description
BSE permits dealings in Rights Entitlements (REs) of Sadhana Nitro Chem Limited for renunciation from February 27 to March 5, 2026, with the Rights Issue open from February 27 to March 10, 2026.
Summary
BSE has permitted trading in Rights Entitlements (REs) of Sadhana Nitro Chem Limited (Scrip Code: 751091, Scrip ID: SADHNA-RE, ISIN: INE888C20024) for renunciation purposes. Trading Members and their clients can trade these REs on the Exchange from February 27, 2026 to March 5, 2026, with the underlying Rights Issue remaining open until March 10, 2026.
Key Points
- Rights Entitlements (REs) for Sadhana Nitro Chem Limited are tradable on BSE effective February 27, 2026
- Scrip Code: 751091 | Scrip ID: SADHNA-RE | ISIN: INE888C20024
- Market Lot: 1 | Group: R
- REs will be settled on T+1 Rolling Settlement basis on a trade-for-trade (TFT) basis
- REs are tradable in dematerialized form only
- Trading Members must prominently inform clients that purchase of REs only confers the right to participate in the Rights Issue or renounce before issue closure
- REs not subscribed or renounced by the Issue Closing Date will lapse and be extinguished
Regulatory Changes
No new regulatory changes introduced. This circular operationalizes existing SEBI/BSE framework for Rights Entitlements trading as established under Notice No. 20200305-21 (March 5, 2020) and Notice No. 20200518-34 (May 18, 2020).
Compliance Requirements
- Trading Members must inform all clients about the commencement of trading in REs, including the specific ISIN (INE888C20024)
- Members must clarify that REs should not be mistaken for ordinary shares of Sadhana Nitro Chem Limited
- Contract notes and bills must prominently display a disclaimer stating that purchase of REs only grants the right to participate in the Rights Issue or renounce before issue closure
- Members must adhere to T+1 Rolling Settlement and trade-for-trade settlement rules for RE trades
Important Dates
| Event | Date |
|---|---|
| RE Trading Commences | Friday, February 27, 2026 |
| RE Trading Ends (Renunciation Period Closes) | Thursday, March 5, 2026 |
| Rights Issue Opens | February 27, 2026 |
| Rights Issue Closes | March 10, 2026 |
| REs Lapse / Extinguished | After March 10, 2026 (Issue Closing Date) |
Impact Assessment
This circular has a moderate, company-specific impact. Existing shareholders of Sadhana Nitro Chem Limited who do not wish to subscribe to the Rights Issue can renounce their REs on the Exchange between February 27 and March 5, 2026. Traders and investors can acquire REs during this window to participate in the Rights Issue at the issue price. The trade-for-trade settlement mechanism reduces speculative activity and the T+1 settlement ensures quick transfer of entitlements. REs not acted upon before March 10, 2026 will lapse with no residual value.
Impact Justification
Company-specific circular enabling trading in Rights Entitlements for Sadhana Nitro Chem; relevant primarily to existing shareholders and traders interested in the rights issue, with defined trading windows and settlement rules.