Description
BSE permits trading in Rights Entitlements (REs) for ONIX Solar Energy Limited for renunciation from February 26 to March 2, 2026, with the Rights Issue open from February 26 to March 6, 2026.
Summary
BSE has permitted dealings in Rights Entitlements (REs) for renunciation of ONIX Solar Energy Limited effective Thursday, February 26, 2026. The REs are tradable on a T+1 rolling settlement basis on a trade-for-trade basis in dematerialized form only, with a trading window open through March 2, 2026.
Key Points
- Rights Entitlements (REs) for ONIX Solar Energy Limited are available for trading on BSE from February 26 to March 2, 2026
- Scrip Code: 751090 | Scrip ID: ONIX-RE | ISIN: INE173M20012
- Market Lot: 1 | Group: R
- Settlement on T+1 Rolling Settlement basis, trade-for-trade
- REs are tradable in dematerialized form only
- Rights Issue is open from February 26, 2026 to March 6, 2026
- Trading members must prominently disclose in contract notes that purchasing REs only confers the right to participate in the Rights Issue or renounce before closure
Regulatory Changes
No new regulatory changes introduced. This notice operates under the framework established by:
- Notice No. 20200305-21 dated March 5, 2020
- Notice No. 20200518-34 dated May 18, 2020
Compliance Requirements
- Trading members must inform all clients about the commencement of trading in REs, specifying the ISIN (INE173M20012) and clarifying these are not ordinary shares
- Contract notes and bills for RE purchases must include a prominent disclaimer that REs only entitle the holder to participate in the Rights Issue or renounce before closure
- REs not subscribed or renounced by the Issue Closing Date (March 6, 2026) will lapse and be extinguished
Important Dates
| Event | Date |
|---|---|
| Trading in REs commences | February 26, 2026 |
| Last day of RE trading (renunciation) | March 2, 2026 |
| Rights Issue opens | February 26, 2026 |
| Rights Issue closes | March 6, 2026 |
| REs lapse/extinguished | After March 6, 2026 |
Impact Assessment
This circular has a moderate, targeted impact on trading members and shareholders of ONIX Solar Energy Limited. Existing shareholders holding Rights Entitlements can either subscribe to the Rights Issue or renounce (sell) their REs on the exchange within the specified trading window. Trading members must ensure client disclosures are in place to prevent confusion between REs and ordinary equity shares. REs not acted upon by March 6, 2026 will be permanently extinguished, posing a financial risk to uninformed holders.
Impact Justification
Routine rights entitlements trading notice for a single company; impacts existing shareholders and trading members dealing in ONIX Solar Energy Limited's rights issue.