Description
BSE notifies trading members about the commencement of dealings in Rights Entitlements (REs) for TIRUPATI INNOVAR LIMITED effective May 07, 2026, with renunciation trading open from May 07-11, 2026.
Summary
BSE has notified trading members that Rights Entitlements (REs) for TIRUPATI INNOVAR LIMITED will be available for renunciation trading on the Exchange starting Thursday, May 07, 2026. The Rights Issue itself opens on May 07, 2026 and closes on May 15, 2026. REs will be settled on a T+1 rolling basis on a trade-for-trade settlement model and must be traded in dematerialized form only.
Key Points
- Rights Entitlements (REs) for TIRUPATI INNOVAR LIMITED commence trading on May 07, 2026
- Scrip ID: TIRUIN-RE | Scrip Code: 751112 | ISIN: INE812Q20024
- Group: R | Market Lot: 1
- Renunciation trading window: May 07, 2026 to May 11, 2026
- Rights Issue subscription window: May 07, 2026 to May 15, 2026
- 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. This notice applies existing RE trading framework as outlined in 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 RE trading, specifying the ISIN (INE812Q20024)
- Members must clearly communicate that REs should not be mistaken for ordinary shares of TIRUPATI INNOVAR LIMITED
- Contract notes and bills must prominently include a disclaimer that purchasing REs only grants the right to participate in the Rights Issue or renounce before closing; unexercised REs will lapse after the Issue Closing Date
Important Dates
| Event | Date |
|---|---|
| RE Trading Commencement | May 07, 2026 (Thursday) |
| RE Renunciation Trading Closes | May 11, 2026 (Monday) |
| Rights Issue Opens | May 07, 2026 |
| Rights Issue Closes | May 15, 2026 |
Impact Assessment
This notice has a moderate, company-specific impact limited to shareholders and trading members dealing in TIRUPATI INNOVAR LIMITED. The short renunciation window (May 07–11, 2026) means clients must act promptly. Holders who neither subscribe nor renounce their REs by May 15, 2026 will lose their entitlements. The trade-for-trade, T+1 settlement mechanism reduces counterparty risk but restricts netting. Overall market impact is low as this pertains to a single SME-segment company.
Impact Justification
Company-specific rights issue notice affecting shareholders and trading members of TIRUPATI INNOVAR LIMITED; limited to a short trading window and a single scrip.