Description

BSE notifies trading members that Rights Entitlements (REs) for renunciation of Bhandari Hosiery Exports Limited will be available for trading from March 06 to March 16, 2026, with the Rights Issue open from March 06 to March 20, 2026.

Summary

BSE has notified trading members that Rights Entitlements (REs) for renunciation of Bhandari Hosiery Exports Limited (Scrip Code: 751093, Scrip ID: BHANDA-RE2) will be available for trading on the Exchange from Friday, March 06, 2026. The Rights Issue itself is open from March 06 to March 20, 2026.

Key Points

  • Rights Entitlements (REs) for renunciation are tradable on BSE from March 06, 2026 to March 16, 2026
  • Scrip Code: 751093 | Scrip ID: BHANDA-RE2 | ISIN: INE474E20037
  • Market Lot: 1 | Group: R
  • REs will be settled on T+1 Rolling Settlement basis on a trade-for-trade basis
  • REs are tradable in dematerialized form only
  • Rights Issue open period: March 06, 2026 to March 20, 2026

Regulatory Changes

No new regulatory changes introduced. This notice operates under the existing framework established by BSE Notice No. 20200305-21 (March 05, 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 ISIN, and clarify these are not ordinary shares of the company
  • Contract notes/bills for RE purchases must prominently include a disclaimer stating that purchasing REs only grants the right to participate in the Rights Issue or renounce before the issue closes
  • Trading members must ensure clients understand that REs neither subscribed nor renounced by the Issue Closing Date will lapse and be extinguished

Important Dates

  • March 06, 2026: Commencement of trading in Rights Entitlements; Rights Issue opens
  • March 16, 2026: Last date for trading/renunciation of Rights Entitlements
  • March 20, 2026: Rights Issue closes; unsubscribed/unrenounced REs lapse after this date

Impact Assessment

This circular has a limited and targeted market impact, affecting only existing shareholders of Bhandari Hosiery Exports Limited who hold Rights Entitlements. Trading members need to ensure client-level disclosures are in place. The trade-for-trade and T+1 settlement basis reduces counterparty risk. Clients holding REs must act before March 16, 2026 to renounce or before March 20, 2026 to subscribe; failure to act results in forfeiture of the entitlements.

Impact Justification

Routine rights entitlement trading notice affecting only holders of Bhandari Hosiery Exports Limited shares; limited broader market impact.