Description
NSE notifies the commencement of trading in Rights Entitlements (REs) of Indian Emulsifiers Limited on the SME EMERGE platform from October 24, 2025 to November 03, 2025.
Summary
The National Stock Exchange has notified the admission of Rights Entitlements (REs) of Indian Emulsifiers Limited for trading on the Capital Market segment - SME EMERGE platform. The REs will be available for trading and renunciation from October 24, 2025 to November 03, 2025, after which they will be suspended on November 04, 2025. The REs will trade under the symbol IEML-RE with ISIN INE0RRU20016 in a Trade to Trade segment with compulsory demat for all investors.
Key Points
- Symbol: IEML-RE (Indian Emulsifiers Limited-RE)
- Series: ST
- ISIN: INE0RRU20016
- Total Rights Entitlements: 6,111,096
- Market lot size: 250
- Trading segment: Trade to Trade with compulsory demat
- Security identification: Only by designated codes
- Trading members must inform clients about RE commencement and include disclaimers in contract notes
Regulatory Changes
No regulatory changes introduced. This circular implements existing regulations under:
- Regulation 3.1.1 of NSE (Capital Market) Trading Regulations Part A for admission of securities
- Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A for lot sizes
Compliance Requirements
For Trading Members:
- Inform all clients about commencement of RE trading
- Clearly mention the ISIN of the RE to avoid confusion with ordinary shares
- Include prominent disclaimer in contract notes/bills for RE purchases stating:
- Purchase of REs only provides right to participate in the Rights Issue by making application with requisite money OR renounce REs before issue closes
- REs neither subscribed nor renounced on or before Issue Closing Date will lapse and be extinguished
For Investors:
- REs must be held in demat form (compulsory demat)
- Trading only in specified lot sizes of 250
Important Dates
- October 20, 2025: Circular issued
- October 24, 2025: Effective date - Trading in REs commences
- October 24, 2025 to November 03, 2025: Trading period for renunciation of Rights Entitlements
- November 04, 2025: Date of suspension - REs trading ceases
- Issue Closing Date: Deadline for subscription or renunciation (REs will lapse after this date if not actioned)
Impact Assessment
Market Impact: Medium - Limited to shareholders and traders of Indian Emulsifiers Limited on the SME EMERGE platform. The 11-day trading window provides liquidity for shareholders who wish to renounce their rights.
Operational Impact: Trading members must ensure proper client communication and contract note disclaimers to avoid confusion between REs and ordinary shares. The Trade to Trade segment with compulsory demat requires strict settlement compliance.
Investor Impact: Shareholders must act within the specified timeframe (by November 03, 2025) to either trade/renounce their REs or subscribe to the rights issue. Failure to act will result in lapse and extinguishment of REs after the Issue Closing Date.
Impact Justification
Affects shareholders and traders of Indian Emulsifiers Limited participating in or trading rights entitlements during the specified period. Limited to SME segment with specific trading window.