Description

BSE notifies trading members of the commencement of dealings in Rights Entitlements (REs) for renunciation of Gravity (India) Limited effective April 27, 2026, with trading period running through May 19, 2026.

Summary

BSE has notified trading members that dealings in Rights Entitlements (REs) for renunciation of Gravity (India) Limited will commence on Monday, April 27, 2026. The REs will be tradable on BSE under scrip code 751110 (scrip ID: GRAVITY-RE) on a T+1 rolling settlement basis, settled on a trade-for-trade basis, and only in dematerialized form.

Key Points

  • Rights Entitlements (REs) for Gravity (India) Limited will be available for trading on BSE from April 27, 2026 to May 19, 2026.
  • Scrip Code: 751110 | Scrip ID: GRAVITY-RE | ISIN: INE995A20013 | Market Lot: 1 | Group: R.
  • Settlement is on T+1 Rolling Settlement basis, on a trade-for-trade basis.
  • REs are tradable in dematerialized form only.
  • The underlying Rights Issue is open from April 27, 2026 to May 25, 2026.
  • REs not subscribed or renounced before the Issue Closing Date will lapse and be extinguished.

Regulatory Changes

No new regulatory changes introduced. This notice follows existing framework established under BSE notices 20200305-21 (March 5, 2020) and 20200518-34 (May 18, 2020) governing rights entitlement trading.

Compliance Requirements

  • Trading members must inform all clients about the commencement of trading in REs, including the ISIN (INE995A20013).
  • Trading members must clarify to clients that REs should not be mistaken for ordinary shares of Gravity (India) Limited.
  • Contract notes and bills for RE purchases must prominently include a disclaimer stating that purchasing REs only gives the right to participate in the Rights Issue or renounce the REs before the issue closes.
  • Members should refer to notices 20200305-21 and 20200518-34 for further procedural details.

Important Dates

  • April 27, 2026: Commencement of RE trading on BSE; Rights Issue opens.
  • May 19, 2026: Last date for trading in Rights Entitlements (renunciation window closes).
  • May 25, 2026: Rights Issue closes.
  • REs not subscribed or renounced by May 25, 2026 will lapse.

Impact Assessment

This notice has a medium impact, primarily affecting existing shareholders of Gravity (India) Limited and trading members handling RE transactions. Shareholders who received REs can either apply for shares in the Rights Issue or renounce (sell) their REs on BSE during the trading window. The trade-for-trade settlement and demat-only trading requirement limit systemic risk. Clients must be clearly informed to avoid confusion between REs and ordinary equity shares.

Impact Justification

Routine rights entitlement trading notice relevant to existing shareholders and trading members of Gravity (India) Limited; limited to a specific scrip and defined trading window.