Announcements

As per a recent circular, the name of Suchitra Finance Trading Company Ltd. (Scrip code: 538714) will be changed as follows w.e.f 15-Jun-23.

Refer: BSE Circular

A 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.

Per a recent circular, 1 equity share of Varun Beverages Ltd. (Scrip Code: 540180) will be subdivided into 2 equity shares. The key dates for the same are as follows:

Refer: BSE circular

A 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 ION Exchange (India) Ltd. will be subdivided into 10 equity shares. The key dates for the same are as follows:

Refer: NSE circular

Here's the list of the latest Buybacks, Takeovers and Delisting. The Offer Period and Price are mentioned along with them. To participate in any of these:

We would like to bring to your attention the changes that will be in force regarding clients’ unpaid securities in accordance with a SEBI circular. Starting from 01-Apr-2023, unpaid securities belonging to clients will be auto-pledged in the client’s demat account. The securities that have not been paid in full by the client shall be transferred to the respective client’s demat account, followed by the creation of an auto-pledge without any specific instruction from the client.

Let’s understand this with an example:

If a client has purchased shares on a Monday (Trade day) and if Tuesday is the Settlement date, either one of the two things can happen on Tuesday:

a. If the Net Available Balance is Credit, then the payout will be released in the client’s account.

b. If the Net Available Balance is Debit, then the equivalent quantity will be auto-pledged.

Note: The Net Available Balance will be considered of T day EOD while releasing the shares payout in client account or in CUSPA account on T+1 day. If the outstanding dues are not cleared within Trade + 5 days, then Angel One will liquidate the shares as per RMS policy.

The following changes will occur due to this new process:

Refer: SEBI Circular

As per a BSE circular, Vakrangee Ltd. will demerge w.e.f. 15-Jun-23. 

Due to this demerger, 1 equity share of VL E-Governance & IT Solutions Ltd. will be issued for every 10 equity shares held in Vakrangee Ltd.

Refer: BSE Circular

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.

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.

Members are hereby advised to note the following revision which shall be
implemented for trading in BANKNIFTY contracts. Below are the changes in the expiry day of derivatives contract on BANKNIFTY:

Important Instructions

For other important instructions, please refer to the NSE Circular.

As per a recent circular, the name of Kalpataru Power Transmission Ltd. (Scrip code: 522287) will be changed as follows w.e.f 06-Jun-23.

Refer: BSE Circular | NSE Circular

A stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more to its existing shareholders.

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 BSE circular, 

The key dates for the same are as follows:

Refer: BSE circular | NSE Circular