Description
NSE announces trading of Rights Entitlements (REs) for Presstonic Engineering Limited on SME EMERGE platform from February 06, 2026 to March 02, 2026 with suspension on March 04, 2026.
Summary
NSE has admitted Rights Entitlements (REs) of Presstonic Engineering Limited for trading on the SME EMERGE platform. Trading will commence from February 06, 2026 and continue until March 02, 2026, with suspension effective March 04, 2026. The REs will be traded in the Trade to Trade segment with compulsory demat for all investors. The symbol for trading is PRESS-RE with ISIN INE0R1620012.
Key Points
- Trading symbol: PRESS-RE on SME EMERGE platform
- ISIN: INE0R1620012
- Total number of Rights Entitlements: 7,707,480
- Market lot size: 800
- Trading will be in Trade to Trade segment
- Compulsory demat mode for all investors
- REs can be renounced during the trading period
- Unsubscribed and unrenounced REs will lapse after issue closing date
Regulatory Changes
No regulatory changes. This circular implements existing regulations under NSE Capital Market Trading Regulations Part A (Regulation 3.1.1 and 2.5.5) for admission and trading of rights entitlements.
Compliance Requirements
- Trading Members: Must inform all clients about commencement of trading in REs, including the ISIN, and clarify that REs are not ordinary shares
- Contract Notes: Trading members must include a prominent disclaimer in contract notes/bills for RE purchases stating:
- Purchase of REs only gives right to participate in the ongoing Rights Issue by making application with requisite money OR renounce the REs before issue closes
- REs neither subscribed nor renounced on or before Issue Closing Date will lapse and be extinguished
- Trading Parameters: All trading must follow designated security codes and specified lot sizes
Important Dates
- Circular Date: February 04, 2026
- Effective Date: February 06, 2026
- Trading Commencement: February 06, 2026
- Renunciation Period: February 06, 2026 to March 02, 2026
- Suspension Date: March 04, 2026
Impact Assessment
Market Impact: Low - This circular affects only existing shareholders of Presstonic Engineering Limited and potential investors interested in the rights issue. The company is listed on SME EMERGE platform, which represents smaller market capitalization.
Operational Impact: Medium for trading members - Requires implementation of client communication protocols and mandatory disclaimer requirements in contract notes for RE transactions.
Investor Impact: Medium for Presstonic Engineering shareholders - Provides liquidity window for rights entitlements, allowing shareholders to either subscribe, renounce, or trade their entitlements during the specified period. Investors must be aware that unexercised REs will lapse after the issue closing date.
Impact Justification
Standard rights entitlements trading circular for SME segment company with limited market-wide impact, relevant primarily to existing shareholders and interested investors