Description

NSE notifies commencement of trading in Rights Entitlements of Silgo Retail Limited on Capital Market segment from January 14, 2026, with trading period from January 14 to January 30, 2026.

Summary

National Stock Exchange has notified the commencement of trading in Rights Entitlements (REs) of Silgo Retail Limited on the Capital Market segment. The REs will be available for trading from January 14, 2026, under the symbol SILGO-RE1 (ISIN: INE01II20021). Trading will be conducted in the Trade to Trade segment with compulsory demat for all investors. A total of 7,379,134 Rights Entitlements will be available for renunciation during the specified trading period.

Key Points

  • Symbol: SILGO-RE1 (Display name: Silgo Retail Ltd-RE)
  • ISIN: INE01II20021
  • Series: BE
  • Total Rights Entitlements: 7,379,134
  • Market lot: 1
  • Trading segment: Trade to Trade with compulsory demat
  • Trading effective from: January 14, 2026
  • Renunciation period: January 14, 2026 to January 30, 2026
  • Date of suspension: February 02, 2026

Regulatory Changes

No regulatory changes introduced. This circular implements existing regulations under NSE Capital Market Trading Regulations Part A (Regulation 3.1.1 and 2.5.5) for trading of rights entitlements.

Compliance Requirements

For Trading Members:

  1. Client Notification: Must inform all clients about the commencement of trading in REs, mentioning the ISIN (INE01II20021) and clarifying that REs are not ordinary shares of the company.

  2. Contract Note Disclaimer: Must include a prominent disclaimer in contract notes/bills containing purchase of REs informing clients that:

    • Purchase of REs only gives the right to participate in the ongoing Rights Issue by making an application with requisite application money OR renounce the REs before the issue closes
    • REs which are neither subscribed with requisite application money nor renounced on or before the Issue Closing Date shall lapse and be extinguished after the Issue Closing Date

  3. Trading Requirements: Ensure trading is conducted only in Trade to Trade segment with compulsory demat mode for all investors.

Important Dates

  • Circular Date: January 12, 2026
  • Effective Date: January 14, 2026
  • Trading Period Start: January 14, 2026
  • Renunciation Period: January 14, 2026 to January 30, 2026
  • Issue Closing Date: January 30, 2026 (implied)
  • Suspension Date: February 02, 2026

Impact Assessment

Market Impact:

  • Limited to Silgo Retail Limited shareholders and investors interested in participating in the rights issue
  • Provides liquidity to existing shareholders who wish to renounce their rights entitlements
  • Trade to Trade segment classification ensures delivery-based settlement, reducing speculation

Operational Impact:

  • Trading members must update their systems to recognize the new security code SILGO-RE1
  • Client notification and contract note disclaimer requirements create additional operational steps for brokers
  • Compulsory demat ensures all transactions are settled electronically

Investor Impact:

  • Shareholders can trade their rights entitlements in the secondary market during the specified period
  • Risk of lapse: Investors must be aware that unexercised and unrenounced REs will become worthless after the issue closing date
  • Provides flexibility to monetize rights without subscribing to the issue

Impact Justification

Standard rights entitlements trading notification for a specific company with limited market-wide impact but important for SILGO shareholders and investors