Amalgamation of Refnol Resins & Chemicals Ltd. and Indokem Ltd.
Per a circular, Indokem Ltd has announced the allotment of equity shares to Refnol Resins & Chemicals Ltd. shareholders w.e.f 11-Oct-23. 1153 equity shares of Indokem Ltd. to be issued as fully paid-up equity shares for every 1000 fully paid-up equity shares held by shareholders of Refnol Resins & Chemicals Ltd.
Name of Company | Symbol | Reason for Suspension |
Refnol Resins & Chemicals Ltd. | REFNOL | Scheme of Amalgamation |
Rights Issue - October 2023
The company offers its shareholders the right to purchase its shares at a discount on a predetermined date known as the record date in a rights entitlement.
Shareholders are granted Rights Entitlements (RE) by temporarily crediting their Demat accounts with RE, giving them the right to participate in a Rights Issue. Please note that these are Rights Entitlement and not Rights shares. To get the shares, you should apply at their respective Registrar & Transfer Agent (RTA) and convert RE into shares. You should keep in mind that RE is temporary, and until you apply and pay the requisite amount, rights shares won’t be credited to your Demat account.
Here’s the listing for October 2023:
Company | Ex-date | Record Date | RI Price (Rs. per share) | RE Trading Period | Last date to apply for Rights Shares | Where to apply for rights shares | Circular |
Bhandari Hosiery Exports Limited | 13-Sep | 13-Sep | INR 5.50 | 03-Oct to 09-Oct | 13-Oct | ASBA | BSE |
Globe International Carriers Limited | 22- Sep | 22- Sep | INR 49.50 | 04-Oct to 09- Oct | 12- Oct | ASBA | NSE |
Dudigital Global Limited | 22- Sep | 22- Sep | INR 26.50 | 29- Sep to 10- Oct | 16- Oct | ASBA | NSE |
Marshall Machines Limited | 29- Sep | 29- Sep | INR 44.50 | 11- Oct to 16- Oct | 19- Oct | ASBA | NSE |
Syschem (India) Limited | 29- Sep | 29- Sep | INR 40 | 16- Oct to 23- Oct | 27- Oct | ASBA | BSE |
Highways Infrastructure Trust (InvITs) | 29- Sep | 29- Sep | INR 77.96 | 09- Oct to 09- Oct | 11- Oct | ASBA | NSE |
Please note: The value of RE will be zero after the Rights Issue closure date.
RE Trading Period: The Exchange will publish a circular 2 days prior to the issue open date.
How to apply for Rights Issue: The Rights Issue offer is updated with ASBA (Application Supported Blocked Amount).
Here's a list of existing SCSBs.
For more details on Rights Issue/Rights Entitlement, please refer to BSE FAQs.
W.e.f 09-Oct: New Identity for Vapi Paper Mills Ltd.
As per a recent circular, the name and symbol of Vapi Paper Mills Ltd. (Scrip code: 502589) will be changed as follows w.e.f 09-Oct-23.
Existing Symbol | New Symbol | Existing Name of the Company | New Name of the Company |
VAPIPPR | VAPIENTER | Vapi Paper Mills Ltd. | Vapi Enterprise Ltd. |
Refer: BSE Circular
Sub-division of equity shares of Themis Medicare Ltd.
Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.
As per a recent circular, 1 equity share of Themis Medicare Ltd. (Scrip Code: 530199) will be sub-divided into 5 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Themis Medicare Ltd. | THEMISMED | 1:5 | 10-Oct | 10-Oct |
Refer: BSE Circular
Sub-division of equity shares of Gujarat Themis Biosyn Ltd.
Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.
As per a recent circular, 1 equity share of Gujarat Themis Biosyn Ltd. (Scrip Code: 506879) will be sub-divided into 5 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Gujarat Themis Biosyn Ltd. | GUJTHEM | 1:5 | 10-Oct | 10-Oct |
Refer: BSE Circular
Sub-division of equity shares of Sigachi Industries Ltd.
Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.
As per a recent circular, 1 equity share of Sigachi Industries Ltd. (Scrip Code: 543389) will be sub-divided into 10 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Sigachi Industries Ltd. | SIGACHI | 1:10 | 09-Oct | 09-Oct |
Refer: BSE Circular
Sub-division of equity shares of Surya Roshni Ltd.
Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.
As per a recent circular, 1 equity share of Surya Roshni Ltd. will be sub-divided into 2 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Surya Roshni Ltd. | SURYAROSNI | 1:2 | 06-Oct | 06-Oct |
Refer: BSE Circular
Sub-division of equity shares of Focus Lighting & Fixtures Ltd.
Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.
As per a recent circular, 1 equity share of Focus Lighting & Fixtures Ltd. will be sub-divided into 5 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Focus Lighting & Fixtures Ltd. | FOCUS | 1:5 | 06-Oct | 06-Oct |
Refer: NSE Circular
[03- Oct- 23] Quantity Freeze Limits for Indices
As per a recent NSE Circular, the Quantity Freeze Limit for different indices has been revised w.e.f 03- Oct -23.
Below are the Quantity Freeze Limits & Maximum Lots per Order applicable for the mentioned indices:
No. | Indices | Quantity Freeze Limit(Maximum units you can buy or sell per order) | Maximum lots per Order(Quantity Freeze Limit/Lot Size*) |
1. | BANKNIFTY | 900 | 36 |
2. | NIFTY | 1800 | 36 |
3. | FINNIFTY | 1800 | 45 |
4. | MIDCPNIFTY | 4200 | 56 |
*Lot Size refers to Units per Lot. This is defined by the Exchange and is currently as follows:
BANKNIFTY=25; NIFTY=50; FINNIFTY=40; MIDCPNIFTY=75
Refer: NSE Circular
Rights Issue - October 2023
The company offers its shareholders the right to purchase its shares at a discount on a predetermined date known as the record date in a rights entitlement.
Shareholders are granted Rights Entitlements (RE) by temporarily crediting their Demat accounts with RE, giving them the right to participate in a Rights Issue. Please note that these are Rights Entitlement and not Rights shares. To get the shares, you should apply at their respective Registrar & Transfer Agent (RTA) and convert RE into shares. You should keep in mind that RE is temporary, and until you apply and pay the requisite amount, rights shares won’t be credited to your Demat account.
Here’s the listing for October 2023:
Company | Ex-date | Record Date | RE Trading Period | Last date to apply for Rights Shares | Where to apply for rights shares | Circular |
Bhandari Hosiery Exports Limited | 13-Sep | 13-Sep | 03-Oct to 09-Oct | 13-Oct | ASBA | BSE |
Please note: The value of RE will be zero after the Rights Issue closure date.
RE Trading Period: The Exchange will publish a circular 2 days prior to the issue open date.
How to apply for Rights Issue: The Rights Issue offer is updated with ASBA (Application Supported Blocked Amount).
Here's a list of existing SCSBs.
For more details on Rights Issue/Rights Entitlement, please refer to BSE FAQs.