Description
NSE admits Rights Entitlements (REs) of Sadhana Nitrochem Limited for trading on the Capital Market segment effective February 27, 2026, with trading in Trade to Trade segment until March 5, 2026.
Summary
NSE has admitted Rights Entitlements (REs) of Sadhana Nitrochem Limited for trading on the Capital Market segment effective February 27, 2026. The REs carry ISIN INE888C20024 and will trade under symbol SADHNA-RE in the Trade to Trade (BE) segment in compulsory demat mode. Trading members are required to inform clients about RE trading and include mandatory disclaimers in contract notes.
Key Points
- Rights Entitlements of Sadhana Nitrochem Limited (SADHNA-RE) admitted to NSE Capital Market segment from February 27, 2026
- Total Rights Entitlements issued: 2,635,288,456
- Series: BE (Trade to Trade segment)
- ISIN: INE888C20024
- Market lot size: 1
- Trading members must inform clients that REs are not ordinary shares
- REs that are neither subscribed nor renounced by the Issue Closing Date will lapse and be extinguished
Regulatory Changes
No new regulatory changes introduced. The circular is issued in pursuance of:
- Regulation 3.1.1 of the NSE (Capital Market) Trading Regulations Part A — admission of securities to dealings
- Regulation 2.5.5 of the NSE (Capital Market) Trading Regulations Part A — lot sizes for securities
Compliance Requirements
- Trading members must inform all clients about the commencement of trading in REs, mentioning the ISIN (INE888C20024) 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 grants the right to participate in the ongoing Rights Issue by making an application with requisite money, or to renounce the REs before issue close
- All trading in SADHNA-RE must be in compulsory demat form
Important Dates
| Event | Date |
|---|---|
| Circular Date | February 25, 2026 |
| Trading Commencement (REs) | February 27, 2026 |
| Last Day for Renunciation of REs | March 5, 2026 |
| Date of Suspension of RE Trading | March 6, 2026 |
Impact Assessment
This circular is of moderate impact, limited to existing shareholders of Sadhana Nitrochem Limited and trading members handling RE transactions. The Rights Entitlements are admitted in the Trade to Trade segment (BE series), meaning each transaction results in compulsory delivery — no intraday netting is permitted. With a large volume of 2.63 billion REs, liquidity and pricing of the REs could be of interest to arbitrageurs and rights issue participants. Shareholders who do not subscribe or renounce by March 5, 2026 will have their REs lapse after the Issue Closing Date.
Impact Justification
Routine rights entitlement listing notification for a single company; relevant primarily to existing shareholders of Sadhana Nitrochem Limited and trading members handling RE transactions.