Description
NSE notifies commencement of trading in Rights Entitlements (REs) for Maha Rashtra Apex Corporation Limited (MAHAPE-RE) effective April 02, 2026, in the Trade to Trade segment under compulsory demat.
Summary
NSE has notified the admission of Rights Entitlements (REs) of Maha Rashtra Apex Corporation Limited for trading on the Capital Market segment effective April 02, 2026. The REs will trade under the symbol MAHAPE-RE in the Trade to Trade (BE series) segment in compulsory demat mode. Trading members are required to inform clients about the nature of REs and include specific disclaimers in contract notes.
Key Points
- Rights Entitlements symbol: MAHAPE-RE (Series: BE)
- ISIN: INE843B20013
- Total number of Rights Entitlements: 14,091,896
- Trading period for renunciation: April 02, 2026 to April 24, 2026
- Date of suspension of RE trading: April 27, 2026
- Market lot size: 1
- REs traded in Trade to Trade segment under compulsory demat for all investors
- Unsubscribed and unrenounced REs will lapse after the Issue Closing Date
Regulatory Changes
No new regulatory changes introduced. The notification is issued under:
- Regulation 3.1.1 of the NSE (Capital Market) Trading Regulations Part A — for admission of securities to dealings
- Regulation 2.5.5 of the NSE (Capital Market) Trading Regulations Part A — for lot size specifications
Compliance Requirements
- Trading members must inform all clients about the commencement of RE trading, specifying the ISIN (INE843B20013) and clarifying that REs are not ordinary shares.
- Trading members must prominently include a disclaimer in contract notes/bills for RE purchases, stating that purchasing REs only grants the right to participate in the Rights Issue by applying with requisite money or to renounce the REs before the issue closes.
- Investors holding REs must either apply with application money or renounce before the Issue Closing Date to avoid lapse of entitlements.
Important Dates
| Event | Date |
|---|---|
| Circular effective date | April 02, 2026 |
| RE trading commences | April 02, 2026 |
| Last day for renunciation trading | April 24, 2026 |
| Suspension of RE trading | April 27, 2026 |
Impact Assessment
This circular has a medium, company-specific impact limited to shareholders and investors of Maha Rashtra Apex Corporation Limited. Eligible shareholders can either exercise their rights, trade/renounce their entitlements on NSE between April 02–24, 2026, or risk lapse of their REs after the Issue Closing Date. The Trade to Trade designation means REs cannot be netted off intraday and must result in delivery, reducing speculative activity. Market-wide impact is minimal.
Impact Justification
Company-specific rights issue trading notification affecting existing shareholders of Maha Rashtra Apex Corporation Limited with a defined trading window and lapse risk for unexercised entitlements.