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 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 shares, you should apply at their respective Registrar & Transfer Agent (RTA) and convert RE into shares. Since RE are temporary in nature, they will cease to exist after the closure date, so execute your RE or sell it in the secondary market before the last trading date.
Here’s the listing for July/August 2022.
| Company | Ex-date | Record Date | RI Price | RE Trading Period | Last date to apply for Rights Shares | Where to apply for rights shares | Circular |
| Coastal Corporation Ltd. | 25-Aug | 26-Aug | Rs 225 (On app Rs 56.25 pp) | 12-Sep | 29-Sep | ASBA | BSE Circular |
| Tembo Global Industries Ltd. | 8-Aug | 10-Aug | Rs 100 | 22-Aug to 29-Aug | 5-Sep | ASBA | NSE Circular |
| KCL Infra Projects Ltd. | 5-Aug | 5-Aug | Rs 2 (Re. 0.50 pp on app) | 22-Aug to 29-Aug | 5-Sep | ASBA | BSE Circular |
| GG Engineering Ltd | 8-Aug | 10-Aug | Rs. 1.80 | 22-Aug to 01-Sep | 7-Sep | ASBA | BSE Circular |
| Add-Shop E-Retail Ltd. | 05-Aug | 08-Aug | Rs. 54 | 17-Aug to 24-Aug | 30-Aug | ASBA | BSE Circular |
| Mercury Metals Ltd. | 04-Aug | 04-Aug | Rs. 3 | 16-Aug to 24-Aug | 30-Aug | ASBA | BSE Circular |
| Banas Finance Ltd. | 23-Jun | 24-Jun | Rs. 20 | 5-July To 14-July | 19-Jul | ASBA | BSE circular |
| Maharashtra Corporation Ltd. | 08-Jul | 08-Jul | Re. 1 (On app, Re. 0.25 pp) | 19-July To 27-July | 2-Aug (extended 17-Aug) | ASBA | BSE Circular |
| Swiss Military Consumer Goods Ltd. | 21-Jul | 23-Jul | Rs. 4.50 | 10-Aug To | 25-Aug | ASBA | BSE Circular |
| Gennex Laboratories Ltd. | 21-Jul | 22-Jul | Rs. 6 (On app Rs 1.50 pp) | 05-Aug To 12-Aug | 19-Aug | ASBA | BSE Circular |
| PTC Industries Ltd. | 21-Jul | 22-Jul | Rs. 10 | 03-Aug To | 12-Aug | ASBA | BSE Circular |
| Sandur Manganese & Iron Ores Ltd. | 26-Jul | 27-Jul | Rs. 10 | 08-Aug To 23-Aug | 29-Aug | ASBA | BSE Circular |
Please note: The value of RE will be zero after the rights issue closure date.
- RE Trading Period : Exchange will publish Notice normally 2 days prior to issue open date.
- Where to apply for right issue :- From the last few months to apply in the Right Issue Offer is Compulsory ASBA (Online/Offline). Recently RTA is not providing R-WAP (Registrar’s web-based application platform) facility of payment. Hence suggest you to update as ASBA (Application Supported by Blocked Amount).
For more details on Rights Issue/Rights Entitlement, please click here.
