Rights Issue - September 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 September 2023:
Company | Ex-date | Record Date | RI Price | RE Trading Period | Last date to apply for Rights Shares | Where to apply for rights shares | Circular |
Gretex Corporate Services Limited | 23-Aug | 23-Aug | ?210 | 30-Aug to 01-Sep | 06-Sep-23 | ASBA | BSE |
Orient Power Company Limited | 18-Aug | 18-Aug | ?10 | 28-Aug to 11-Sep | 15-Sep-23 | ASBA | BSE |
Nakoda Group of Industries Limited | 05-Sep | 05-Sep | ?40 | 18-Sep to 22-Sep | 27-Sep-23 | ASBA | BSE/NSE |
Advik Capital Limited | 07-Sep | 07-Sep | ?2.40 | 18-Sep to 26-Sep | 29-Sep | ASBA | BSE |
Bhandari Hosiery Exports Limited | 13-Sep | 13-Sep | ?5.50 | 30-Sep to 07-Oct | 10-Oct | ASBA | BSE/NSE |
Varanium Cloud Limited | 15-Sep | 15-Sep | ?123 | ASBA | NSE | ||
Marshall Machines Limited | 29-Sep | 29-Sep | ?44.80 | 11-Oct to 16-Oct | 19-Oct | ASBA | NSE |
Syschem (India) Limited | 29-Sep | 29-Sep | ?40 | 16-Oct to 23-Oct | 27-Oct | ASBA | BSE |
Dudigital Global Limited | 22-Sep | 22-Sep | ?26.50 | 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.
Settlement Holiday: 28-Sep
28-Sep-23 is a Settlement Holiday due to Id-e-Milad. The Currency Segment will be closed on this day for trading. However, other segments are open for Trading.
What this means for you:
Segment | Trade placed on | Date of Settlement |
Equity | 27-Sep | 29-Sep |
Derivatives (F&O) | 27-Sep | 29-Sep |
Segment | Account Balance Exclusions |
Equity | Intraday Profits made on 27-Sep |
Derivatives (Equity F&O, Currency & Commodity) | Credits Made From Trades Done On 27-Sep |
Please note: Settlement holidays refer to days when markets (except the Currency segment) are open for trading but when Depositories and/or Banks are closed. Due to this, all trades done during that day will be settled on the next settlement cycle, as per the respective segments.
Sub-division of equity shares of Shradha 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 Shradha Industries Ltd. (Scrip Code: 543976) 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 |
Shradha Industries Ltd. | SHRADHAIND | 1:2 | 26-Sep | 26-Sep |
Refer: BSE Circular
W.e.f 26-Sep: New Identity for Anubhav Infrastructure Ltd.
As per a recent circular, the name and symbol of Anubhav Infrastructure Ltd. (Scrip code: 538833) will be changed as follows w.e.f 26-Sep-23.
Existing Symbol | New Symbol | Existing Name of the Company | New Name of the Company |
ANUBHAV | KAIZENAGRO | Anubhav Infrastructure Ltd. | Kaizen Agro Infrabuild Ltd. |
Refer: BSE Circular
Caution: Demerger of National Peroxide Ltd.
As per a BSE circular, National Peroxide Ltd. will demerge w.e.f. 25-Sep-23.
Due to this demerger, 1 equity share of NPL Chemicals Ltd. will be issued for every 1 equity share held in National Peroxide Ltd.
Name of Company | Symbol | Scrip Code |
National Peroxide Ltd. | NATPEROX | 500298 |
Refer: BSE Circular
Buyback Offer of Siyaram Silk Mills Ltd.
Buyback of shares is the process wherein a corporation rebuys its own shares from its shareholders. This way, the company that had earlier issued shares pays some of its shareholders and absorbs that part of ownership that several investors had before.
As per a circular from NSE, Siyaram Silk Mills Ltd. has announced a buyback offer of its equity shares from 25-Sep-23 to 03-Oct-23. The offer price is Rs. 720 per equity share, and the lot size is 1 equity share.
All trading members of the Capital Market Segment are eligible to participate in the Tender Offer facility.
Name of Company | Symbol | Offer price | Scheme |
Siyaram Silk Mills Ltd. | SIYSIL | Rs. 720 | Buyback |
Delisted companies - September 2023
As per BSE circulars for September 2023, the following securities are delisted from the Exchange.
Name of the Company | Symbol | Scrip Code |
Rajendra Caterers & Confectioners Ltd. | RACCL | 526833 |
Sanchana Trading & Finance Ltd. | ZSANCHTR | 512125 |
S P Investrade (India) Ltd. | SPINVEST | 512255 |
Oxemberg Apparels Ltd. | OXEMBAP | 503899 |
A & M Febcon Ltd | AMFL | 540697 |
Focus Industrial Resources Ltd. | FOCUSIRL | 534757 |
STI Granite India Ltd | STIGRAN | 515115 |
STI Products India Ltd. | STIPROD | 517492 |
Bonus Issue of Lancer Container Lines Ltd.
A bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.
As per a recent circular, Lancer Container Lines Ltd. (Scrip Code: 539841) is issuing 2 equity shares for every 1 share held. The key dates for the Bonus Issue are as follows:
Company Name | Symbol | Record date | Ex-Bonus basis from Date |
Lancer Container Lines Ltd. | LANCER | 22-Sep | 22-Sep |
Refer: BSE Circular
Bonus Issue of Veerhealth Care Ltd.
A bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.
As per a recent circular, Veerhealth Care Ltd. (Scrip Code: 511523) is issuing 1 equity share for every 1 share held. The key dates for the Bonus Issue are as follows:
Company Name | Symbol | Record date | Ex-Bonus basis from Date |
Veerhealth Care Ltd. | VEERHEALTH | 22-Sep | 22-Sep |
Refer: BSE Circular
Bonus Issue of Berger Paints India Ltd.
A bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.
As per the recent circulars, Berger Paints India Ltd. (Scrip Code: 509480) is issuing 1 equity share for every 5 shares held. The key dates for the Bonus Issue are as follows:
Company Name | Symbol | Record date | Ex-Bonus basis from Date |
Berger Paints India Ltd. | BERGEPAINT | 22-Sep | 22-Sep |
Refer: BSE Circular | NSE Circular