Description
BSE announces commencement of trading in Rights Entitlements (REs) for Gujarat Cotex Limited from April 10, 2026, with renunciation period running until May 5, 2026.
Summary
BSE has informed trading members that Rights Entitlements (REs) for renunciation of Gujarat Cotex Limited will be available for trading on the Exchange from Friday, April 10, 2026. The REs trade under scrip ID GUJCOT-RE (Scrip Code 751108, ISIN INE004C20010) in Group R, with a market lot of 1. Settlement is on a T+1 rolling basis on a trade-for-trade settlement model, and trading is permitted only in dematerialized form.
Key Points
- Rights Entitlements (REs) for Gujarat Cotex Limited commence trading on April 10, 2026
- Renunciation trading window: April 10, 2026 to May 5, 2026
- Rights Issue open period: April 10, 2026 to May 8, 2026
- Scrip Code: 751108 | Scrip ID: GUJCOT-RE | ISIN: INE004C20010
- Market lot: 1 | Group: R
- Settlement: T+1 Rolling Settlement on trade-for-trade basis
- REs are tradable in dematerialized form only
- REs that are neither subscribed nor renounced by the Issue Closing Date will lapse and be extinguished
Regulatory Changes
No new regulatory changes introduced. The notice references existing frameworks:
- Notice No. 20200305-21 dated March 05, 2020
- Notice No. 20200518-34 dated May 18, 2020
These prior notices govern further operational details for rights entitlement trading.
Compliance Requirements
- Trading members must inform all clients about the commencement of trading in REs, specifying the ISIN (INE004C20010)
- Clients must be clearly advised that REs are not ordinary shares of Gujarat Cotex Limited
- Contract notes/bills must prominently include a disclaimer that purchasing REs only confers the right to participate in the Rights Issue or renounce the REs before the issue closes
- REs must be traded and settled only in dematerialized form
Important Dates
| Event | Date |
|---|---|
| RE Trading Commencement | April 10, 2026 (Friday) |
| RE Renunciation Trading End | May 5, 2026 (Tuesday) |
| Rights Issue Opens | April 10, 2026 |
| Rights Issue Closes | May 8, 2026 |
| Circular Date | April 8, 2026 |
Impact Assessment
This circular has a medium, company-specific impact. Existing shareholders of Gujarat Cotex Limited who received Rights Entitlements may trade (renounce) them on BSE between April 10 and May 5, 2026. Investors who wish to subscribe to the Rights Issue must do so before May 8, 2026. Any unrenounced and unsubscribed REs will lapse after the Issue Closing Date, resulting in a loss of value for holders who take no action. Trading members face compliance obligations around client disclosure and contract note disclaimers.
Impact Justification
Company-specific rights issue trading notification affecting existing shareholders and trading members dealing in Gujarat Cotex Limited; standard rights entitlement process with defined trading and settlement rules.