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June 08, 2023
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Rights Issue - May 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.

Company Ex-date Record Date RI Price RE Trading Period Last date to apply for Rights Shares Where to apply for rights shares Circular
Clara Industries Limited 11-May 11-May ?167 23-May to 29-May 07-Jun (Extended) ASBA BSE Circular
Godha Cabcon & Insulation Limited 12-May 12-May ?1 25-May to 02-Jun 08-Jun ASBA NSE Circular
Enbee Trade & Finance Limited 10-May 10-May ?15 18-May to 26-May 16-Jun (Extended) ASBA BSE Circular
Samor Reality Limited 02-May 02-May ?10 15-May to 29-May 02-Jun ASBA BSE Circular
Sharanam Infraproject and Trading Limited 22-May 22-May ?1 31-May to 15-Jun 20-Jun (Extended) ASBA BSE Circular
KCD Industries India Limited 19-May 19-May ?18 (On App ?4.50) 31-May to 09-Jun 14-Jun ASBA BSE Circular
Praxis Home Retail Limited 30-May 30-May ?10 06-Jun to 09-Jun 14-Jun ASBA BSE/NSE Circular
Bhakti Gems & Jewellery Limited 31-May 31-May ?12 09-Jun to 15-Jun 20-Jun ASBA BSE Circular
Shree Rama Multi-tech Limited 30-May 30-May ?9 12-Jun to 21-Jun 26-Jun ASBA BSE/NSE 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). 

  • For the online ASBA process, visit the website of an SCSB (Self-certified Syndicate Bank) and apply.
  • For the offline ASBA process, submit a physical application to participate in the Rights Issue at a designated SCSB. 
  • Here's a list of existing SCSBs.

    For more details on Rights Issue/Rights Entitlement, please refer to BSE FAQs.

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