Description

BSE notifies trading members that Rights Entitlements (REs) for renunciation of ENBEE TRADE & FINANCE LIMITED will be permitted on the Exchange from March 12, 2026. The REs will trade on T+1 rolling settlement basis on a trade-for-trade basis.

Summary

BSE has notified trading members that Rights Entitlements (REs) for renunciation of ENBEE TRADE & FINANCE LIMITED (Scrip Code: 751096) will be available for trading on the Exchange starting Thursday, March 12, 2026. The REs will settle on a T+1 rolling settlement basis on a trade-for-trade basis and are tradable in dematerialized form only.

Key Points

  • Rights Entitlements (REs) for ENBEE TRADE & FINANCE LIMITED are tradable on BSE from March 12, 2026
  • Scrip Code: 751096, Scrip ID: ENBEE-RE2, ISIN: INE993I20037
  • Market Lot: 1, Group: R
  • Settlement is on T+1 Rolling Settlement basis, trade-for-trade
  • REs are tradable in dematerialized form only
  • REs not subscribed or renounced before the Issue Closing Date shall lapse and be extinguished

Regulatory Changes

No new regulatory changes introduced. The notice references existing guidelines from notice no. 20200305-21 (March 05, 2020) and notice no. 20200518-34 (May 18, 2020) for further details on Rights Entitlements trading.

Compliance Requirements

  • Trading members must inform all clients about the commencement of trading in REs, mentioning the ISIN (INE993I20037)
  • Trading members must clarify to clients that REs should not be mistaken for ordinary shares of ENBEE TRADE & FINANCE LIMITED
  • Trading members must include a prominent disclaimer in contract notes/bills for RE purchases, stating that purchasing REs only gives the right to participate in the ongoing Rights Issue or renounce before issue close
  • All RE trades must be settled on a trade-for-trade basis

Important Dates

  • March 12, 2026: Commencement of RE trading on BSE
  • March 12, 2026 – March 17, 2026: Trading period for renunciation of Rights Entitlements
  • March 12, 2026 – March 20, 2026: Rights Issue open period
  • March 20, 2026: Issue Closing Date — unsubscribed/unrenounced REs lapse after this date

Impact Assessment

This circular is of medium impact, primarily relevant to existing shareholders of ENBEE TRADE & FINANCE LIMITED and trading members dealing in the company’s securities. Shareholders who received REs have a narrow window (March 12–17, 2026) to renounce (sell) their entitlements on the exchange. REs that are neither applied for nor renounced will lapse on March 20, 2026, resulting in potential value loss for non-participating shareholders. Trading members must ensure proper disclosures in client communications to avoid confusion between REs and ordinary equity shares.

Impact Justification

Routine rights entitlement trading commencement notice for a single small-cap company. Relevant to existing shareholders and trading members dealing in ENBEE TRADE & FINANCE LIMITED rights issue.