Description
NSE notifies commencement of trading in Rights Entitlements of NACL Industries Limited from December 22, 2025 to December 24, 2025 in Trade to Trade segment.
Summary
NSE has admitted Rights Entitlements (REs) of NACL Industries Limited for trading on the Capital Market segment. Trading will commence from December 22, 2025 and continue until December 24, 2025 for renunciation purposes. The REs will trade under symbol NACL-RE in the Trade to Trade segment with compulsory demat mode for all investors. A total of 32,501,851 Rights Entitlements will be available for trading, and these will be suspended from December 26, 2025.
Key Points
- Symbol: NACL-RE (Series: BE)
- ISIN: INE295D20012
- Total Rights Entitlements: 32,501,851
- Market lot size: 1
- Trading mode: Trade to Trade segment
- Demat requirement: Compulsory for all investors
- Display name: NACL Industries Limited-RE
- REs that are neither subscribed nor renounced before issue closing date will lapse and be extinguished
Regulatory Changes
Admission of Rights Entitlements pursuant to Regulation 3.1.1 and 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A. The securities will be identified by designated security codes and traded in specified lot sizes.
Compliance Requirements
For Trading Members:
- Inform all clients about commencement of trading in REs with the ISIN (INE295D20012)
- Clarify that REs shall not be mistaken for ordinary shares of NACL Industries Limited
- Include prominent disclaimer in contract notes/bills for RE purchases stating:
- Purchase of REs only gives right to participate in ongoing Rights Issue by making 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
Important Dates
- Effective Date: December 22, 2025
- Trading Period Start: December 22, 2025
- Trading Period End (Renunciation): December 24, 2025
- Suspension Date: December 26, 2025
Impact Assessment
Market Impact: Medium - Creates a short 3-day trading window for NACL shareholders to trade their rights entitlements before the issue closing date.
Investor Impact: Shareholders holding rights entitlements must act within the brief trading period to either sell their REs or exercise them by applying with requisite money. Failure to act will result in lapse of entitlements.
Operational Impact: Trading members must update systems to handle NACL-RE symbol, implement Trade to Trade settlement, ensure compulsory demat compliance, and distribute mandatory disclaimers in contract notes for all RE purchase transactions.
Impact Justification
Time-bound trading window for rights entitlements affecting NACL shareholders with specific compliance requirements for trading members