Description
NSE notifies commencement of trading in Rights Entitlements (REs) of TIL Limited from March 30, 2026, with renunciation window open till April 1, 2026, in the Trade to Trade segment.
Summary
NSE has admitted Rights Entitlements (REs) of TIL Limited to dealings on the Capital Market segment effective March 30, 2026. The REs, trading under symbol TIL-RE1 (ISIN: INE806C20026), will be available for renunciation from March 30 to April 1, 2026, in the Trade to Trade (BE series) segment in compulsory demat mode. A total of 12,086,491 rights entitlements are available for trading.
Key Points
- Symbol: TIL-RE1, Series: BE, ISIN: INE806C20026
- Total Rights Entitlements: 12,086,491
- Market lot size: 1
- Trading in Trade to Trade (T2T) segment, compulsory demat for all investors
- Trading members must prominently inform clients that REs are not ordinary shares
- Contract notes must carry a disclaimer that purchasing REs only confers the right to participate in the rights issue or renounce before closing
- Unsubscribed and unrenounced REs will lapse and be extinguished after the Issue Closing Date
Regulatory Changes
No new regulatory changes. Notification is issued under Regulation 3.1.1 (admission to dealings) and Regulation 2.5.5 (lot sizes) of the NSE Capital Market Trading Regulations Part A.
Compliance Requirements
- Trading members must inform all clients about commencement of RE trading, specifying the ISIN and clarifying REs are not ordinary shares
- Contract notes / bills for RE purchases must prominently include a disclaimer explaining the nature of REs and the consequence of neither subscribing nor renouncing by the Issue Closing Date
- All trading in TIL-RE1 must be in demat form
Important Dates
- March 30, 2026: Commencement of trading in TIL-RE1 REs; circular effective date
- March 30 – April 1, 2026: Trading window for renunciation of Rights Entitlements
- April 2, 2026: Date of suspension of trading in REs
Impact Assessment
This circular has a moderate and targeted impact, affecting existing shareholders of TIL Limited and trading members dealing in the rights issue. Investors holding REs must act within the short three-day window (March 30 – April 1, 2026) to either apply for shares with requisite application money or renounce their entitlements. Failure to do either will result in the REs lapsing post April 2, 2026. The Trade to Trade designation means no intraday netting is permitted, increasing settlement obligation for buyers.
Impact Justification
Routine rights entitlement trading notification for a single company with a short trading window; relevant primarily to existing TIL shareholders participating in the rights issue.