Description

NSE admits Rights Entitlements (REs) of Sical Logistics Limited for trading on the Capital Market segment from February 26, 2026, with trading in the Trade to Trade segment in compulsory demat.

Summary

NSE has admitted Rights Entitlements (REs) of Sical Logistics Limited (Symbol: SICAL-RE, Series: BE, ISIN: INE075B20012) for trading on the Capital Market segment effective February 26, 2026. A total of 14,535,790 REs will be available for trading in the Trade to Trade segment in compulsory demat form, with a market lot size of 1.

Key Points

  • Symbol: SICAL-RE; Company: Sical Logistics Limited; Series: BE
  • ISIN: INE075B20012
  • Total Rights Entitlements: 14,535,790
  • Market lot size: 1
  • Trading in Trade to Trade (T2T) segment, compulsory demat for all investors
  • Trading members must inform clients that purchase of REs is not equivalent to purchase of ordinary shares
  • Contract notes/bills must include a prominent disclaimer about the nature of REs

Regulatory Changes

No new regulatory changes introduced. The circular is issued in pursuance of Regulation 3.1.1 and Regulation 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A, governing the admission of securities and lot sizes respectively.

Compliance Requirements

  • Trading members must inform all clients about the commencement of trading in REs, specifying the ISIN (INE075B20012) and clarifying that REs are not ordinary shares.
  • Trading members must include a prominent disclaimer in contract notes/bills for RE purchases, stating that:
    • Purchase of REs only gives the right to participate in the ongoing Rights Issue or renounce the REs before issue closes.
    • REs neither subscribed nor renounced on or before the Issue Closing Date shall lapse and be extinguished.

Important Dates

  • February 26, 2026: Trading in Rights Entitlements commences on NSE
  • February 26, 2026 – March 5, 2026: Trading period for renunciation of Rights Entitlements
  • March 6, 2026: Date of suspension of trading in REs

Impact Assessment

This circular primarily affects existing shareholders of Sical Logistics Limited who have been allotted Rights Entitlements. Shareholders have three options: subscribe to the rights issue by paying the application money, renounce (sell) their REs on the exchange during the trading window (February 26 – March 5, 2026), or allow the REs to lapse after the issue closing date. Trading in the T2T segment means each transaction results in mandatory delivery, reducing speculative activity. The overall market impact is limited and localized to Sical Logistics shareholders and interested investors.

Impact Justification

Routine admission of Rights Entitlements for trading; impacts existing shareholders of Sical Logistics Limited who may participate, renounce, or let REs lapse. Limited broader market impact.