W.e.f 27-Jan: New Identity for TRC Financial Services Ltd.

As per a recent circular, the name of TRC Financial Services Ltd. (Scrip code: 511730) will be changed as follows w.e.f 27-Jan-23. Existing Symb…

As per a recent circular, the name of TRC Financial Services Ltd. (Scrip code: 511730) will be changed as follows w.e.f 27-Jan-23.

Existing Symbol New Symbol Existing Name the of CompanyNew Name of the  Company
TRCFINAVASARATRC Financial Services Ltd.Avasara Finance Ltd.

Refer: BSE Circular

Rights Issue - January 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 entit…

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 January 2023:

CompanyEx-dateRecord DateRI PriceRE Trading PeriodLast date to apply for Rights SharesWhere to apply for rights sharesCircular
Pacific Industries Ltd.11- Jan11- JanRs. 13919- Jan to 30- Jan2- FebASBABSE Circular
Aarti Surfactants Ltd.17- Jan 17- Jan Rs. 555(Rs. 222 on app)25- Jan to 27- Jan3- FebASBABSE Circular
Family Care Hospitals Ltd.3- Jan3- JanRs. 1223- Jan to 1- Feb7- FebASBABSE Circular
Heritage Foods Ltd.20- Jan20- JanRs. 530-Jan to 8- Feb13- FebASBABSE Circular
Indowind Energy Ltd.13- Jan 13- JanRs. 1227- Jan to 6- Feb10- FebASBABSE Circular
Markolines Pavement Technologies Ltd.17- Jan17- JanRs. 16727- Jan to 6- Feb9- FebASBABSE Circular
Gyscoal Alloys Ltd.23- Dec23- DecRs. 2.752- Jan to 9-Jan12- JanASBABSE Circular
Quint Digital Media Ltd.22- Dec22- DecRs. 509- Jan to 13-Jan24- JanASBABSE Circular
Jet Freight Logistics Ltd.11- Jan11- JanRs. 16.2520- Jan to 25-Jan31- JanASBABSE Circular
Vaxfab Enterprises Ltd.3- Jan3- JanRs. 1818- Jan to 25-Jan31- JanASBABSE Circular
Visagar Financial Services Ltd.30- Dec30- DecRe. 112- Jan to 25-Jan2- FebASBABSE Circular
Rajapalayam Mills Ltd.30- Dec30- DecRs. 56918- Jan to 2-Feb10- FebASBABSE 
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 a 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

    T+1 Settlement: January Update

    As you all know, from Feb-22, NSE & BSE introduced the T+1 settlement cycle in the Cash Segment in a phased manner as per the SEBI guidelines.&nb…

    As you all know, from Feb-22, NSE & BSE introduced the T+1 settlement cycle in the Cash Segment in a phased manner as per the SEBI guidelines. 

    W.e.f 27-Jan-23:

  • 192 more securities of NSE will be added into T+1 settlement
  • 192 more securities of BSE will be added into T+1 settlement
  • Important points for stocks under T+1 settlement in Cash segment:

  • The stocks traded will be settled on T+1 day. 
  • The MTF (Margin Trading Facility) Pledge Request must be authorized by 9:00 PM on T day for MTF funding.
  • Auction settlement (if any) will happen on T+2 day.
  • Refer: NSE Circular | BSE Circular | Overview of T+1 settlement

    Important dates: Adani Enterprises Ltd. FPO

    Adani Enterprises is one of India’s largest listed business incubators in terms of market capitalisation and are driven by the philosophy of incubati…

    Adani Enterprises is one of India’s largest listed business incubators in terms of market capitalisation and are driven by the philosophy of incubating businesses in 4 core sectors - Energy and Utility, Transportation and Logistics, Consumer, and Primary Industry. 

    The below table has important dates with respect to the FPO allotment and listing.

    Finalization of Basis of Allotment03-Feb-23
    Initiation of Refunds06-Feb-23
    Credit of Shares to Demat Acct07-Feb-23
    FPO Shares Listing Date08-Feb-23
    UPI mandate expiry date09-Feb-23

    How to Check Allotment Status

    In case you have not been allotted for any partial allotment of FPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

    Sub-division of equity shares of Fourth Dimension Solutions Ltd.

    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 i…

    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 Fourth Dimension Solutions Ltd. will be sub-divided into 5 equity shares. The key dates for the same are as follows:

    Company NameSymbolSub-division RatioRecord DateEx-split Date
    Fourth Dimension Solutions Ltd.4THDIM1:523-Jan23-Jan

    Refer: NSE circular

    Sub-division of equity shares of Goldstar Power Ltd.

    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 i…

    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 Goldstar Power Ltd. will be sub-divided into 10 equity shares. The key dates for the same are as follows:

    Company NameSymbolSub-division RatioRecord DateEx-split Date
    Goldstar Power Ltd.GOLDSTAR1:1020-Jan20-Jan

    Refer: NSE circular

    Sub-division of equity shares of Shradha Infraprojects Ltd.

    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 i…

    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 Shradha Infraprojects Ltd. will be sub-divided into 2 equity shares. The key dates for the same are as follows:

    Company NameSymbolSub-division RatioRecord DateEx-split Date
    Shradha Infraprojects Ltd.SHRADHA1:220-Jan20-Jan

    Refer: NSE circular

    Sub-division of equity shares of Deep Diamond India Ltd.

    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 i…

    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 Deep Diamond India Ltd. (Scrip Code: 539559) will be sub-divided into 10 equity shares. The key dates for the same are as follows:

    Company NameSymbolSub-division RatioRecord DateEx-split Date
    Deep Diamond India Ltd.DDIL1:1020-Jan20-Jan

    W.e.f 20-Jan: New Identity for Ineos Styrolution India Ltd.

    As per a recent circular, the name of Ineos Styrolution India Ltd. (Scrip code: 506222) will be changed as follows w.e.f 20-Jan-23. Existing Sym…

    As per a recent circular, the name of Ineos Styrolution India Ltd. (Scrip code: 506222) will be changed as follows w.e.f 20-Jan-23.

    Existing Symbol New Symbol Existing Name the of CompanyNew Name of the  Company
    INEOSSTYROSTYRENIXIneos Styrolution India Ltd.Styrenix Performance Materials Ltd.

    Refer: BSE Circular

    W.e.f 20-Jan: New Identity for Mewat Zinc Ltd.

    As per a recent circular, the name of Mewat Zinc Ltd. (Scrip code: 513496) will be changed as follows w.e.f 20-Jan-23. Existing Symbol New …

    As per a recent circular, the name of Mewat Zinc Ltd. (Scrip code: 513496) will be changed as follows w.e.f 20-Jan-23.

    Existing Symbol New Symbol Existing Name the of CompanyNew Name of the  Company
    MEWATZISIZEMASTERMewat Zinc Ltd.Sizemasters Technology Ltd.

    Refer: BSE Circular