[Updated 30-Jun] DDPI to replace POA from 01-Sep
To safeguard the interests of investors, SEBI has introduced a new document called - Demat, Debit and Pledge Instruction (DDPI) which will replace POA (Power of Attorney) and will come into effect from 01-Sep-22 01-Jul-22.
You can use DDPI to authorize your broker and depository participant to access your demat account only to meet pay-in obligations for settlement of trades executed by you.
The use of DDPI will be limited only for two purposes:
- To transfer securities held in your account towards stock exchange related deliveries or settlement obligations
- To pledge/re-pledge securities
Post DDPI, please follow the below guidelines for authorization of other transactions:
Type of Transaction | Post DDPI, Authorized via |
Corporate Actions (Buyback, Takeovers, Delisting, etc) | e-DIS |
Mutual Fund & Rights Entitlement Sell transactions | CDSL TPIN & OTP |
Existing PoAs will continue to remain valid till the time you revoke the same.
If you have not submitted your POA, and do not wish to submit POA/DDPI – You can continue trading the way you currently do, which means:
- You need to authorize your sell transactions using CDSL TPIN and OTP
- For any Corporate Actions (Buyback, Takeovers, Delisting, etc) – you will need to complete the settlement via e-DIS
Please refer: Circular 1 |Circular 2
UBEINDL to stop trading
As per a recent circular of BSE, the following security will be suspended from trading w.e.f. June 30, 2022.
Name of the Company | Symbol | Reason for Suspension |
UBE Industries Ltd. | UBEINDL | Non-compliance with SEBI |
Refer: BSE Circular
w.e.f 01-Jul: New Identity for SSORGS
As per a recent circular, the name and symbol of SS Organics Ltd. (524636) will be changed as follows w.e.f 01-Jul-22.
Existing Symbol (Scrip Code) | New Symbol | Existing Name the of Company | New Name of the Company |
SSORGS (524636) | OXYGENTAPH | SS Organics Ltd. | Oxygenta Pharmaceutical Ltd. |
Refer: BSE Circular
Bonus issue of RATNAMANI
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, Ratnamani Metals & Tubes Ltd. (Scrip Code: 520111) 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 |
Ratnamani Metals & Tubes Ltd. | RATNAMANI | 01-Jul | 30-Jun |
Refer: BSE circular
Suspension of trading in securities of 6 Companies
Trading in securities of the undermentioned companies will be suspended w.e.f Jun 28, 2022 on account of non-compliance with SEBI Regulations.
Name of Company | Scrip Code |
Asian Hotels (West) Ltd. | 533221 |
Globus Corpooration Ltd. | 531904 |
JMT Auto Ltd. | 513691 |
Mideast Integrated Steels Ltd. | 540744 |
Nova Iron & Steel Ltd. | 513566 |
Trade Wings Ltd. | 509953 |
Refer: BSE Circular
Alert: F&O contracts on 2 securities to stop from 01-Jul-22
Do you know that the stocks have to fulfill specific eligibility criteria to trade under F&O?
SEBI has laid down specific eligibility criteria for the selection of stocks to trade in the F&O segment (Read here to know the criteria for the inclusion of stocks in the F&O segment)
Once security is included to trade in the F&O segment, it has to continue to meet the eligibility criteria to remain in the F&O segment. If any existing security under F&O fails to meet the eligibility criteria consecutively for 3 months, then a new month contract will not be issued on that security.
As per a recent BSE circular, the F&O contracts for new expiry months from 01-Jul-22 will not be issued on the expiry of existing contract months for the following 2 securities:
Security Name | Symbol | Scrip Code |
ALEMBIC PHARMACEUTICALS LTD | APLLTD | 533573 |
STRIDES PHARMA SCIENCE LTD | STAR | 532531 |
For more information, refer to
Bonus issue of IOC
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, Indian Oil Corporation Ltd. (Scrip Code: 530695) 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 |
Indian Oil Corporation Ltd | IOC | 01-Jul | 30-Jun |
Refer: BSE circular
Stock split of DUGLOBAL
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.
The face value and paid-up value of the equity shares of Dudigital Global Ltd. shall be changed w.e.f. June 30, 2022.
Name of Company | Symbol | Stock Split ratio | Existing Face value & Paid-up value | Revised Face value & Paid-up value |
Dudigital Global Ltd. | DUGLOBAL | 1:5 | Rs 10 | Rs 2 |
Refer: NSE Circular
Stock split of PAISALO
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.
The face value and paid-up value of the equity shares of Paisalo Digital Ltd. shall be changed w.e.f. June 30, 2022.
Name of Company | Symbol | Stock Split ratio | Existing Face value & Paid-up value | Revised Face value & Paid-up value |
Paisalo Digital Ltd. | PAISALO | 1:10 | Rs. 10 | Re 1 |
Refer: NSE Circular
Buybacks, Takeovers and Delisting - June 2022
Here's the list of the latest Buybacks, Takeovers and De-listing. The Offer Period and Price are mentioned along with them. To participate in any of these:
- Write to us at support@angelbroking.com or
- Call us on 18001020
Scrip Name | BSE/NSE Circular | Sub Type | Start Date | End Date | Floor Price |
SHREYASI | BSE Circular | Takeover | 28-06-22 | 11-07-22 | Rs. 10 |
WSIND | BSE Circular | Takeover | 28-06-22 | 11-07-22 | Rs. 12.50 |
MOTILALOFS | NSE Circular | Buyback | 24-06-22 | 07-07-22 | Rs. 1100 |
ZYDUSLIFE | NSE Circular | Buyback | 23-06-22 | 06-07-22 | Rs. 650 |
Reliance Jute Mills (International) Limited | BSE Circular | Takeover | 22-06-22 | 05-07-22 | Rs. 7.50 |
ASAHISONG | BSE Circular | Buyback | 22-06-22 | 05-07-22 | Rs. 400 |
GFIL | BSE Circular | Takeover | 30-06-22 | 13-07-22 | Rs. 12.70 |
HEXATRADEX | NSE Circular | Delisting | 21-06-22 | 27-06-22 | Rs. 153.16 |
MERCTRD | BSE Circular | Takeover | 23-06-22 | 06-07-22 | Rs. 19 |
AKASHDEEP | BSE Circular | Takeover | 22-06-22 | 05-07-22 | Rs. 52.50 |
JRELTD | BSE Circular | Takeover | 17-06-22 | 30-06-22 | Rs. 8.15 |
EUREKAFORBE | BSE Circular | Takeover | 14-06-22 | 27-06-22 | Rs. 210.15 |
IPOWER | BSE Circular | Takeover | 10-06-22 | 23-06-22 | Rs. 10.10 |
JSGLEASING | BSE Circular | Takeover | 08-06-22 | 21-06-22 | Rs. 22 |
GISOLUTION | BSE Circular | Takeover | 07-06-22 | 20-06-22 | Rs. 5.15 |
AMRAFIN | BSE Circular | Takeover | 07-06-22 | 20-06-22 | Rs. 22.20 |
MUDUNURU | BSE Circular | Takeover | 07-06-22 | 20-06-22 | Rs. 2 |
INFRONICS | BSE Circular | Takeover | 07-06-22 | 20-06-22 | Rs. 5 |
SUPRBPA | BSE Circular | Takeover | 07-06-22 | 20-06-22 | Rs. 31.80 |
RISHYRN | BSE Circular | Takeover | 06-06-22 | 17-06-22 | Rs. 5.85 |
MIRCH | BSE Circular | Takeover | 06-06-22 | 17-06-22 | Rs. 10 |
AKC Steel Ind Ltd. | BSE Circular | Buyback | 02-06-22 | 15-06-22 | Rs. 30 |
ZLEENCON | BSE Circular | Takeover | 07-06-22 | 20-06-22 | Rs. 10 |
MACINTR | BSE Circular | Takeover | 06-06-22 | 17-06-22 | Rs. 10 |
SINCLAIR | BSE Circular | Buyback | 03-06-22 | 16-06-22 | Rs. 143 |
EVEREADY | BSE Circular | Takeover | 03-06-22 | 16-06-22 | Rs. 320 |
ESCORTSFIN | BSE Circular | Takeover | 06-06-22 | 17-06-22 | Rs. 5.08 |
VISCO | BSE Circular | Takeover | 06-06-22 | 17-06-22 | Rs. 37.50 |
INDIAMART | NSE Circular | Buyback | 02-06-22 | 15-06-22 | Rs. 6250 |
SARDAEN | NSE Circular | Buyback | 02-06-22 | 15-06-22 | Rs. 1500 |
CHITRTX | BSE Circular | Takeover | 03-06-22 | 16-06-22 | Rs. 15 |