Description

NSE notifies trading of Rights Entitlements (REs) for Dhariwalcorp Limited on SME EMERGE platform, effective March 10, 2026, with trading period from March 10-13, 2026.

Summary

NSE has admitted Rights Entitlements (REs) of Dhariwalcorp Limited to dealings on the Capital Market segment under SME EMERGE, effective March 10, 2026. The REs will trade under the symbol DHARI-RE in the Trade to Trade segment in compulsory demat mode. Trading members are required to inform clients about the nature and limitations of REs.

Key Points

  • Rights Entitlements of Dhariwalcorp Limited admitted to NSE SME EMERGE segment from March 10, 2026
  • Symbol: DHARI-RE, Series: ST, ISIN: INE0YRN20017
  • Total Rights Entitlements available for trading: 47,007,000
  • Market lot size: 3,000 REs
  • REs will trade in the Trade to Trade (T2T) segment in compulsory demat form for all investors
  • Trading members must prominently disclose in contract notes that purchase of REs only confers the right to participate in the rights issue or renounce before closing

Regulatory Changes

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

Compliance Requirements

  • Trading members must inform all clients about the commencement of trading in REs, specifying the ISIN (INE0YRN20017) and clarifying REs are not ordinary shares
  • Trading members must include a prominent disclaimer in contract notes/bills for RE purchases stating: purchasing REs only grants the right to participate in the rights issue by paying application money, or to renounce before the issue closes
  • Clients must be warned that REs neither subscribed nor renounced on or before the Issue Closing Date will lapse and be extinguished

Important Dates

  • March 10, 2026: Commencement of trading in Rights Entitlements on NSE SME EMERGE
  • March 10–13, 2026: Trading period for renunciation of Rights Entitlements
  • March 16, 2026: Date of suspension of RE trading

Impact Assessment

This circular has a moderate and targeted impact, primarily affecting existing shareholders of Dhariwalcorp Limited who have received Rights Entitlements and trading members active in the SME EMERGE segment. The short 4-day trading window (March 10–13) means eligible investors must act quickly to either subscribe to the rights issue or renounce their entitlements. REs not acted upon by the issue closing date will lapse with no value, making timely client communication by trading members critical. The Trade to Trade segment designation prevents intraday speculation, ensuring only delivery-based transactions.

Impact Justification

Routine rights entitlement trading notification for an SME company; affects existing shareholders of Dhariwalcorp Limited and trading members dealing in the RE segment.