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 June 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 |
| North Eastern Carrying Corporation Limited | 02-Jun | 02-Jun | ?18 (On App ?9) PP | 14-Jun to 29-Jun | 04-Jul (Extended) | ASBA | BSE/NSE Circular |
| Debock Industries Limited | 01-Jun | 01-Jun | ?15 | 13-Jun to 21-Jun | 27-Jun | ASBA | NSE Circular |
| Udaipur Cement Works Limited | 14-Jun | 14-Jun | ?18 | 21-Jun to 30-Jun | 05-Jul | ASBA | BSE/NSE Circular |
| Cressanda Solutions Limited | 16-Jun | 16-Jun | ?20 | 27-Jun to 05-Jul | 11-Jul | ASBA | BSE Circular |
| Alan Scott Industries Limited | 16-Jun | 16-Jun | ?30 (On App ?10) PP | 30-Jun to 07-Jul | 13-Jul | ASBA | BSE Circular |
| Vintage Coffee & Beverages Limited | 19-Jun | 19-Jun | ?12 | 03-Jul to 05-Jul | 10-Jul | ASBA | BSE Circular |
| Bandaram Pharma Packtech Limited | 30-Jun | 30-Jun | ?10 | 12-Jul to 17-Jul | 20-Jul | ASBA | BSE Circular |
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.
