Description
BSE announces commencement of trading in Rights Entitlements (REs) for Sadhana Nitro Chem Limited from February 27, 2026, with renunciation period running until March 5, 2026 and rights issue open until March 10, 2026.
Summary
BSE has notified trading members that dealings in Rights Entitlements (REs) for the renunciation of Sadhana Nitro Chem Limited will be permitted on the Exchange starting Friday, February 27, 2026. The REs will trade under scrip code 751091 (SADHNA-RE) with ISIN INE888C20024, settling on a T+1 rolling basis on a trade-for-trade settlement model.
Key Points
- Rights Entitlements (REs) for Sadhana Nitro Chem Limited will be tradable from February 27, 2026
- Renunciation trading window: February 27, 2026 to March 5, 2026
- Rights Issue open period: February 27, 2026 to March 10, 2026
- Scrip Code: 751091 | Scrip ID: SADHNA-RE | ISIN: INE888C20024
- Market lot size: 1 | Group: R
- Settlement on T+1 Rolling Settlement basis, trade-for-trade
- REs are tradable in dematerialized form only
- Unsubscribed and unrenounced REs will lapse after the Issue Closing Date
Regulatory Changes
No new regulatory changes introduced. This notice follows existing framework for Rights Entitlements trading as established under BSE notices 20200305-21 (March 5, 2020) and 20200518-34 (May 18, 2020).
Compliance Requirements
- Trading members must inform all clients about the commencement of RE trading, including the ISIN, and clarify that REs are not ordinary shares of the company
- Contract notes and bills for RE purchases must prominently include a disclaimer stating that purchase of REs only entitles the holder to participate in the ongoing Rights Issue or renounce the REs before issue closure
- Members must ensure clients understand that unsubscribed/unrenounced REs will lapse after the Issue Closing Date
Important Dates
| Event | Date |
|---|---|
| Trading in REs commences | February 27, 2026 (Friday) |
| Rights Issue opens | February 27, 2026 |
| Last day for RE renunciation trading | March 5, 2026 (Thursday) |
| Rights Issue closes | March 10, 2026 |
Impact Assessment
This circular has a moderate and targeted impact, primarily affecting existing shareholders of Sadhana Nitro Chem Limited and traders interested in participating in or renouncing the rights issue. The T+1 trade-for-trade settlement reduces counterparty risk. Shareholders who do not act before March 10, 2026 risk their REs lapsing with no recovery of value, making timely action important for affected parties.
Impact Justification
Routine rights entitlements trading notice for a single company; relevant to existing shareholders and rights issue participants but limited broader market impact.