Rights Issue - February 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 February 2023:

CompanyEx-dateRecord DateRI PriceRE Trading PeriodLast date to apply for Rights SharesWhere to apply for rights sharesCircular
Edvenswa Enterprises Limited7- Feb7- FebRs. 2516- Feb to 13- Mar17- MarASBABSE Circular
Mittal Life Style Limited13- Feb13- FebRs. 1022- Feb to 27- Feb3- MarASBANSE Circular
Shukra Pharmaceuticals Limited2- Feb2- FebRs. 20(Rs. 10 on app)15- Feb to 23- Feb28- FebASBABSE Circular
Capri Global Capital Limited17- Feb17- FebRs. 47527- Feb to 6- Mar10- MarASBABSE Circular
Khfm Hospitality & Facility Management Services Limited10-Feb10-FebRs. 2427- Feb to 3- Mar10- MarASBABSE Circular
Share India Securities Limited28- Feb28- FebRs. 700 (Rs. 175 on app)9- Mar to 13- Mar17- MarASBABSE Circular
Destiny Logistics & Infra Ltd.27- Jan27- JanRs. 1008- Feb to 13- Feb17- FebASBANSE Circular
Sprayking Agro Equipment Ltd02- Feb02- FebRs. 4413- Feb to 14- Feb20- FebASBABSE Circular
Shree Ganesh Remedies Ltd03- Feb03- FebRs. 225(Rs. 135 on app)13- Feb to 15- Feb21- FebASBABSE Circular
Parvati Sweetners & Power Ltd.08- Feb08- FebRs. 521- Feb to 28- Feb07- MarASBABSE Circular
Veer Global Infraconstruction Ltd.10- Feb10- FebRs. 13024- Feb to 03- Mar10- MarASBABSE Circular
Raj Oil Mills Ltd09- Feb09- FebRs. 3021- Feb to 06- Mar13- MarASBABSE 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

    Here's the list of the latest Buybacks, Takeovers and Delisting. The Offer Period and Price are mentioned along with them. To participate in any of t…

    Here's the list of the latest Buybacks, Takeovers and Delisting. 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 NameBSE/NSE CircularSub TypeStart DateEnd DateFloor Price
    TRIVENIBSE CircularBuyback16-02-2301-03-23Rs. 350
    ADVIKCABSE CircularTakeover16-02-2301-03-23Rs. 4.35
    PRISMMEDI BSE CircularTakeover21-02-2306-03-23Rs. 11
    INTECH BSE CircularTakeover28-02-2314-03-23Rs. 11
    As per recent circulars of BSE & NSE, the following security will be delisted w.e.f. March 03, 2023.  Name of the CompanySymbolReason f…

    As per recent circulars of BSE & NSE, the following security will be delisted w.e.f. March 03, 2023. 

    Name of the CompanySymbolReason for Suspension
    Sterling Biotech Ltd.STERLINBIOVoluntary Delisting

    Refer: BSE Circular | NSE Circular

    As per a recent NSE Circular, the Strike Scheme for BANKNIFTY options has been revised w.e.f 24- Mar -23. Below is the Revision in Strike Scheme…

    As per a recent NSE Circular, the Strike Scheme for BANKNIFTY options has been revised w.e.f 24- Mar -23.

    Below is the Revision in Strike Scheme of BANKNIFTY options:

    Index Particulars Existing Strike Interval ExistingNumber of strikesRevisedNumber of strikes
    In the money- At the money- out of the moneyIn the money- At the money- out of the money
    Nifty Bank Index All weekly and monthly expiries 10020-1-2025-1-25
    500 (Including 500 strikes due to strike interval of 100)10-1-1012-1-12

    The following additional points are to be noted:

  • Accordingly, all subsequent new weekly and monthly expiration contracts created from 23- Mar -23 (end of the day) will be based on the revised strike scheme in BANKNIFTY options.
  • All un-expired expiries created before 23- Mar -23 and available for trading after 24- Mar -23 will follow the revised strike scheme from 23- Mar -23 (end of the day).
  • There is no other change in contract specifications for the BANKNIFTY options.
  • Refer: NSE Circular

    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.

    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 a recent BSE circular, 

  • 1 equity share of Vinny Overseas Ltd. (Scrip Code: 543670) of Face Value of Rs. 10 will be sub-divided into 10 equity shares of Face value of Re. 1 each.
  • A bonus of 13 equity shares of Face value of Re. 1 each will be issued for every 10 equity shares of Face value of Re. 1 held. 
  • The key dates for the same are as follows:

    Company NameSymbolRecord DateEx-bonus Basis From Date
    Vinny Overseas Ltd.VINNY          24-Feb24-Feb

    Refer: BSE circular

    In accordance with Exchange circulars NSE/SURV/55582 and NSE/SURV/55742, no fresh month contracts will be issued on expiration of Feb 2023 contracts.…

    In accordance with Exchange circulars NSE/SURV/55582 and NSE/SURV/55742, no fresh month contracts will be issued on expiration of Feb 2023 contracts. All existing contracts with March 2023 and April 2023 expiries shall continue.

    Further, a margin of 100% shall be levied on all existing derivative contracts for all new positions created from 27-Feb-23 onwards and on all existing open positions as on 24-Feb-23. 

    Delisting of 30 Companies from BSE

    The following companies will be delisted from the Exchange w.e.f Feb 24, 2023 on account of non-compliance with SEBI Regulations: CompanyScrip C…


    The following companies will be delisted from the Exchange w.e.f Feb 24, 2023 on account of non-compliance with SEBI Regulations:

    CompanyScrip CodeEx-date
    Cox & Kings Ltd.-23-Feb-23
    Auroma Coke Ltd.53133624-Feb-23
    Bee Electronic Machines Ltd.51720324-Feb-23
    Bluechip Stockspin Ltd.53171324-Feb-23
    Detroit Industries Ltd.52340024-Feb-23
    Dina Iron & Steel Ltd.53200324-Feb-23
    Dwitiya Trading Ltd.53860824-Feb-23
    Funny Software Ltd.53916924-Feb-23
    Gangotri Iron & Steel Company Ltd.53094524-Feb-23
    Geefcee Finance Ltd.53038924-Feb-23
    Global Land Masters Corporation Ltd.53147924-Feb-23
    Mefcom Agro Industries Ltd.51127624-Feb-23
    Mideast India Ltd.50027824-Feb-23
    NovaGold Petro Resources Ltd.53179124-Feb-23
    Nu Tech Corporate Services Ltd.52631324-Feb-23
    Pentamedia Graphics Ltd.50032924-Feb-23
    Pincon Lifestyle Ltd.53900724-Feb-23
    Ram Minerals and Chemicals Ltd.53473424-Feb-23
    Roselabs Ltd.53550324-Feb-23
    Sanghi Corporate Services Ltd.51164024-Feb-23
    Sheetal Bio Agro Tech Ltd.53180024-Feb-23
    Shreejal Info Hubs Ltd.50687424-Feb-23
    South East Agro Industries Ltd.53167924-Feb-23
    Sriyansh Steel Ltd.51306224-Feb-23
    Sun Source India Ltd.51740324-Feb-23
    Tej Infoways Ltd.53879324-Feb-23
    Texplast Industries Ltd.53063524-Feb-23
    TSL Industries Ltd.53165924-Feb-23
    Vertical Industries Ltd.51509924-Feb-23
    Vishvakirti Investment Ltd.51101424-Feb-23
    Womens Next Loungeries Ltd.53812824-Feb-23

    Refer: BSE Circular | NSE Circular

    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 Karnavati Finance Ltd. (Scrip Code: 538928) will be subdivided into 10 equity shares. The key dates for the same are as follows:

    Company NameSymbolSub-division RatioRecord DateEx-split Date
    Karnavati Finance Ltd.KARNAVATI1:1024-Feb24-Feb
    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 Akashdeep Metal Industries Ltd. (Scrip Code: 538778) will be subdivided into 5 equity shares. The key dates for the same are as follows:

    Company NameSymbolSub-division RatioRecord DateEx-split Date
    Akashdeep Metal Industries Ltd.AKASHDEEP1:523-Feb23-Feb

    Refer: BSE circular

    As per a recent circular, the name of Ozone World Ltd. (Scrip code: 539291) will be changed as follows w.e.f 17-Feb-23. Existing Symbol New…

    As per a recent circular, the name of Ozone World Ltd. (Scrip code: 539291) will be changed as follows w.e.f 17-Feb-23.

    Existing Symbol New Symbol Existing Name the of CompanyNew Name of the  Company
    OZONEWORLDVASUDHAGAMOzone World Ltd.Vasudhagama Enterprises Ltd.

    Refer: BSE Circular