Description
BSE notifies trading members about commencement of dealings in Rights Entitlements (REs) for PANAFIC INDUSTRIALS LIMITED from April 24, 2026, with renunciation trading open until May 4, 2026.
Summary
BSE has notified trading members that Rights Entitlements (REs) for PANAFIC INDUSTRIALS LIMITED will be available for renunciation trading on the Exchange starting Friday, April 24, 2026. The Rights Issue runs from April 24 to May 8, 2026, while renunciation trading closes earlier on May 4, 2026.
Key Points
- Rights Entitlements (REs) for PANAFIC INDUSTRIALS LIMITED commence trading on April 24, 2026
- Scrip Code: 751111 | Scrip ID: PANAFIC-RE | ISIN: INE655P20011
- REs are tradable in dematerialized form only, with market lot of 1
- Settlement is on T+1 Rolling Settlement basis on a trade-for-trade (TTB) basis
- REs that are neither subscribed nor renounced by the Issue Closing Date (May 8, 2026) will lapse and be extinguished
- Trading members must prominently disclose to clients that purchasing REs only grants the right to participate in the rights issue or renounce before closure
Regulatory Changes
No new regulatory changes. This notice references existing frameworks from:
- Notice No. 20200305-21 dated March 05, 2020
- Notice No. 20200518-34 dated May 18, 2020
Compliance Requirements
- Trading members must inform all clients about commencement of RE trading, specifying the ISIN (INE655P20011)
- Members must clarify that REs should not be mistaken for ordinary shares of PANAFIC INDUSTRIALS LIMITED
- Contract notes/bills for RE purchases must include a prominent disclaimer explaining that REs only confer the right to participate in the rights issue or renounce before the issue closes
Important Dates
- April 24, 2026: Commencement of RE trading; Rights Issue opens
- May 4, 2026: Last day for renunciation trading of Rights Entitlements
- May 8, 2026: Rights Issue closes; unsubscribed/unrenounced REs lapse and are extinguished
Impact Assessment
This circular has a moderate and targeted impact, primarily affecting existing shareholders of PANAFIC INDUSTRIALS LIMITED who hold rights entitlements and trading members facilitating RE transactions. The T+1 trade-for-trade settlement mechanism and demat-only trading requirement are standard for rights entitlements. Shareholders who do not act before May 8, 2026 risk losing the value of their entitlements, making timely awareness critical for affected investors.
Impact Justification
Routine rights entitlements trading notification for a single company; relevant primarily to existing shareholders of PANAFIC INDUSTRIALS LIMITED and trading members dealing in REs.