Description
BSE announces commencement of trading in Rights Entitlements (REs) for renunciation of Bhandari Hosiery Exports Limited from March 06, 2026. The Rights Issue opens March 06 to March 20, 2026, with REs tradable on T+1 rolling settlement basis.
Summary
BSE has informed trading members that dealings in Rights Entitlements (REs) for renunciation of Bhandari Hosiery Exports Limited are permitted on the Exchange with effect from Friday, March 06, 2026. The Rights Issue will remain open from March 06, 2026 to March 20, 2026, and REs will be settled on a T+1 rolling settlement basis on a trade-for-trade basis.
Key Points
- Rights Entitlements (REs) trading for renunciation commences on March 06, 2026
- Scrip Code: 751093 | Scrip ID: BHANDA-RE2 | ISIN: INE474E20037
- Market Lot: 1 | Group: R
- REs are tradable only in dematerialized form
- Settlement on T+1 Rolling Settlement basis, trade-for-trade
- Trading members must inform clients that REs are distinct from ordinary equity shares
- Unsubscribed or un-renounced REs will lapse after the Issue Closing Date
Regulatory Changes
No new regulatory changes introduced. This notice is issued in accordance with existing BSE frameworks for Rights Entitlements trading, with reference to earlier notices 20200305-21 (March 05, 2020) and 20200518-34 (May 18, 2020).
Compliance Requirements
- Trading members must notify all clients about the commencement of trading in REs, including the ISIN (INE474E20037)
- Members must clarify to clients that REs should not be mistaken for ordinary shares of Bhandari Hosiery Exports Limited
- Contract notes and bills for RE purchases must prominently include a disclaimer stating that purchasing REs only entitles the holder to participate in the rights issue or renounce the REs before issue close
- Members must ensure clients are aware that REs neither subscribed nor renounced by the Issue Closing Date will lapse and be extinguished
Important Dates
| Event | Date |
|---|---|
| RE Trading Commencement | Friday, March 06, 2026 |
| RE Trading Period End (Renunciation) | Monday, March 16, 2026 |
| Rights Issue Open Date | March 06, 2026 |
| Rights Issue Close Date | March 20, 2026 |
Impact Assessment
This circular has a limited and company-specific impact. It primarily affects existing shareholders of Bhandari Hosiery Exports Limited and trading members facilitating transactions in the rights entitlements. The T+1 trade-for-trade settlement mechanism reduces counterparty risk. Shareholders who do not act (subscribe or renounce) before March 20, 2026 will see their REs lapse, resulting in potential value loss. Broader market impact is negligible.
Impact Justification
Company-specific rights entitlement trading notice with limited broad market impact; affects only existing shareholders and trading members dealing in Bhandari Hosiery Exports Limited rights issue.