Announcements

19-Feb-24 is a Settlement Holiday due to Chhratrapati Shivaji Maharaj Jayanti. The Currency Segment will be closed on this day for trading. However, other segments are open for Trading.

What this means for you:

You can place your Trades as usual except the stock purchased on 16-Feb-24 will not be allowed to be sold on 19-Feb-24. The settlement of funds/securities will be processed as detailed in the table below:

Note: Stock purchased on 16-Feb-24 will not be allowed to be sold on 19-Feb-24. This change is only for double payin/payout of stock due to the settlement holiday on 19-Feb, and is not a regular change.

Your credit balance for 19-Feb will not include the following:

Just so you know: Settlement holidays refer to days when markets (except the Currency segment) are open for trading but when Depositories and/or Banks are closed. Due to this, all trades done during that day will be settled on the next settlement cycle, as per the respective segments.

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 the recent BSE circular, KP Energy Ltd. (Scrip Code: 539686) is issuing 2 bonus shares for every 1 existing share. The key dates for the bonus Issue are as follows:

Refer: BSE Circular

Per a recent circular, the name and symbol of Sagar Productions Ltd. (Scrip code: 532092) will be changed as follows w.e.f 14-Feb-24.

Refer: BSE Circular 

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 the recent BSE circular, Intellivate Capital Ventures Ltd. (Scrip Code: 506134) is issuing 2 bonus shares for every 1 existing share. The key dates for the bonus Issue are as follows:

Refer: BSE Circular

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 2024:

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.

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:

Per a recent circular, the name and symbol of Essar Securities Ltd. (Scrip code: 533149) will be changed as follows w.e.f 09-Feb-24.

Refer: BSE Circular 

In an endeavor to reduce the burden of submission of documents by the AP at the time of audit, we have tied up with CAMS to auto-fetch bank statements & demat account statements, for which we require the AP to give their consent. 

The AP consent will greatly reduce backlog and also minimize manual submitting of statements as required during audit, by law. 

Here are quick and easy steps to follow using the NXT account.

1. Log into NXT as an Admin user

2. Go to Profile > Upload Statement

3. Click on Proceed

4. You will be redirected to CAMS website and an OTP will be sent to your Mobile number

5. Select the bank for which you want to share consent

6. Once done, you will be redirected to the NXT dashboard

7. The consent will be captured and will be valid for 1 year

8. Follow the same process for the Demat statement and check your status whether it is ‘Success’ or ‘Rejected’.

For a more detailed account of the process, click here

A dividend is an amount the company pays to its shareholders out of its profits. These regular profit-sharing payment in the form of dividends is a corporate action initiated by the company regularly. 

As per a recent circular, Hindustan Petroleum Corporation Ltd. has announced a dividend payment of Rs 15. The key dates for the same are as follows:

1. The above changes shall be effective from the ex-date / effective date 

2. The revised options strike/futures base prices and the lot size on account of adjustment would appear in decimal places and shall be rounded off to the nearest tick size and the lot size shall be rounded off to the nearest integer.

3. The details of the revised option strike prices, futures prices, lot size and quantity freeze limit wherever applicable, will be informed to members separately via circular one day prior to the ex-date / effective date.

Refer: NSE Circular 1 | NSE Circular 2

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 the recent BSE circular, Shreeji Translogistics Ltd. (Scrip Code: 540738) is issuing 1 bonus share for every 3 existing shares. The key dates for the bonus Issue are as follows:

Refer: BSE Circular