Description
NSE notifies commencement of trading in Rights Entitlements (REs) of Allcargo Terminals Limited on the Capital Market segment from November 24, 2025.
Summary
NSE has admitted Rights Entitlements (REs) of Allcargo Terminals Limited for trading on the Capital Market segment effective November 24, 2025. The REs will trade under symbol ATL-RE (ISIN: INE0NN720012) in the Trade to Trade segment with compulsory demat requirement. Trading members must inform clients about RE characteristics and include specific disclaimers in contract notes regarding the nature and expiry of these instruments.
Key Points
- Rights Entitlements of Allcargo Terminals Limited to commence trading from November 24, 2025
- Trading symbol: ATL-RE with ISIN: INE0NN720012
- Total Rights Entitlements: 39,755,645
- Trading in Trade to Trade segment with compulsory demat for all investors
- Market lot size: 1
- Series: BE
- Trading members must inform clients that REs are distinct from ordinary shares
- Mandatory disclaimer required in contract notes for RE purchases
Regulatory Changes
No new regulatory changes. 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 size specifications
Compliance Requirements
For Trading Members:
Client Communication: Inform all clients about commencement of RE trading, mentioning the ISIN (INE0NN720012) and clarifying that REs are not ordinary shares of Allcargo Terminals Limited
Contract Note Disclaimer: Include prominently in contract notes/bills containing RE purchases:
- Purchase of REs only provides the right to participate in the ongoing Rights Issue by submitting application with requisite money OR renounce REs before issue closes
- REs neither subscribed with application money nor renounced on or before Issue Closing Date will lapse and be extinguished after Issue Closing Date
Trading Parameters: Ensure systems are configured for Trade to Trade segment with compulsory demat settlement
Important Dates
- November 20, 2025: Circular date
- November 24, 2025: Trading in REs commences
- November 24, 2025 to December 03, 2025: Renunciation period for Rights Entitlements
- December 04, 2025: Date of suspension of RE trading
- Issue Closing Date: Deadline for subscription or renunciation (REs lapse after this date)
Impact Assessment
For Allcargo Terminals Limited Shareholders:
- Provides liquidity and exit option for shareholders who receive rights entitlements but do not wish to subscribe
- 10-day trading window (November 24 - December 3, 2025) to renounce REs in the secondary market
For Trading Members:
- Operational requirement to update client communication and contract note templates with mandatory disclaimers
- Need to educate clients on RE mechanics to avoid confusion with equity shares
Market Impact:
- Medium impact - affects only Allcargo Terminals Limited shareholders and their brokers
- Trade to Trade settlement ensures stricter settlement discipline
- Compulsory demat eliminates physical certificate risks
Impact Justification
Affects shareholders of Allcargo Terminals Limited participating in the rights issue. Trading members must inform clients about RE trading specifics and include mandatory disclaimers in contract notes.