W.e.f 24-Aug: New Identity for Adani Transmission Ltd.
As per a recent circular, the name and symbol of Adani Transmission Ltd. (Scrip code: 539254) will be changed as follows w.e.f 24-Aug-23.
Existing Symbol | New Symbol | Existing Name of the Company | New Name of the Company |
ADANITRANS | ADANIENSOL | Adani Transmission Ltd. | Adani Energy Solutions Ltd. |
Refer: BSE Circular | NSE Circular
W.e.f 23-Aug: New Identity for S E Power Ltd.
As per a recent circular, the name and symbol of S E Power Ltd. (Scrip code: 534598) will be changed as follows w.e.f 23-Aug-23.
Existing Symbol | New Symbol | Existing Name of the Company | New Name of the Company |
SEPOWER | SAMPANN | S E Power Ltd. | Sampann Utpadan India Ltd. |
Refer: BSE Circular
W.e.f 23-Aug: New Identity for Integrated Technologies Ltd.
As per a recent circular, the name and symbol of Integrated Technologies Ltd. (Scrip code: 531889) will be changed as follows w.e.f 23-Aug-23.
Existing Symbol | New Symbol | Existing Name of the Company | New Name of the Company |
INTECH | IIL | Integrated Technologies Ltd. | Integrated Industries Ltd. |
Refer: BSE Circular
Rights Issue - August 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 August 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 |
Piramal Pharma Limited | 02-Aug | 02-Aug | ?81 | Starting 08-Aug | 17-Aug-23 (Extn.) | ASBA | BSE/NSE |
Perfect Infraengineers Limited | 01-Aug | 01-Aug | ?18 | 14-Aug to 18-Aug | 24-Aug-23 | ASBA | NSE |
Vaxtex Cotfab Limited | 24-Jul | 24-Jul | ?2 | 07-Aug to 14-Aug | 23-Aug-23 (Extn.) | ASBA | NSE |
Brooks Laboratories Limited | 28-Jul | 28-Jul | ?75 | 07-Aug to 17-Aug | 22-Aug-23 (Extn.) | ASBA | BSE |
Shree Ram Proteins Limited | 06-Jul | 06-Jul | ?2.30 | 17-Jul to 09-Aug | 25-Aug (RE Extn.) | ASBA | NSE |
Orient Power Company Limited | 18-Aug | 18-Aug | ?10 | Starting 28-Aug | 15-Sep | 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.
Compulsory KRA validation of email and mobile
With reference to the new KRA Registration Agencies (CVL) Circular (CDSL/OPS/DP/SYSTM/2023/493) dated 18-Aug-23, it is mandatory for clients to validate their email and mobile number through the KRA link (mentioned below) by 18-Aug-23 01-Sep-23.
If you fail to do so, you will have to face the following consequences.
Please refer to the communication sent to your official email ID to choose the relevant link from the below table and complete the validation process.
If you have any queries, please write to us at support@angelone.in under the subject line ‘Re-submission of your KYC Documents [Account Number]’.
SRIRAM to stop trading
As per a recent circular, the following security will be suspended from trading w.e.f. August 18, 2023. Please take appropriate action as needed.
Name of the Company | Symbol | Reason for Suspension |
Shri Ram Switchgears Ltd. | SRIRAM | Non-compliance with SEBI |
Refer: NSE Circular
Dividend payment by LIC Housing Finance Ltd.
A dividend is an amount paid by the company to its shareholders out of its profits. These regular profit-sharing payment in the form of dividends is a corporate action initiated by the company regularly.
As per a recent circular, LIC Housing Finance Ltd. has announced a payment of dividend at Rs 8.50 for the Financial year 2023-24. The key dates for the same are as follows:
Company Name | Symbol | Dividend Amount | Record date |
LIC Housing Finance Ltd. | LICHSGFIN | Rs 8.50 | 18-Aug-23 |
Refer: NSE Circular
Bonus Issue of Lancor Holdings 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 BSE circular, Lancor Holdings Ltd. (Scrip Code: 509048) is issuing 1 bonus share for every 2 existing shares. The key dates for the Bonus Issue are as follows:
Company Name | Symbol | Record date | Ex-Bonus basis from Date |
Lancor Holdings Ltd. | LANCORHOL | 18-Aug | 18-Aug |
Refer: BSE circular
Sub-division of equity shares of ShreeOswal Seeds & Chemicals 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 ShreeOswal Seeds & Chemicals 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 |
ShreeOswal Seeds & Chemicals Ltd. | OSWALSEEDS | 1:5 | 18-Aug | 18-Aug |
Refer: BSE Circular
Suspension of trading in securities of 4 Companies
Trading in securities of the undermentioned companies will be suspended w.e.f Aug 18, 2023 on account of non-compliance with SEBI regulations. Please take appropriate action as needed.
Name of Company | Scrip code | Symbol |
Binny Mills Ltd. | 535620 | BINNYMILLS |
BMB Music & Magnetics Ltd. | 531420 | BMBMUMG |
Corporate Courier & Cargo Ltd. | 526737 | CORPOCO |
Wellness Noni Ltd. | 531211 | WELLNESS |
Refer: BSE Circular 1 | BSE Circular 2