Rights Issue - April 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.

Here’s the listing for April 2023:

CompanyEx-dateRecord DateRI PriceRE Trading PeriodLast date to apply for Rights SharesWhere to apply for rights sharesCircular
MKVentures Capital Limited04-Apr04-Apr?93617-Apr to 20-Apr25-AprASBABSE Circular
PNB Housing Finance Limited05-Apr05-Apr?27513-Apr to 24-Apr27-AprASBABSE Circular
Som Distilleries & Breweries Limited14-Apr14-Apr?14026-Apr to 08-May11-MayASBABSE Circular
Rushil Decor Limited 13-Apr13-Apr?162Starting 02-May12-MayASBABSE Circular
Earum Pharmaceuticals Limited10-Apr10-Apr?2NANAASBABSE Circular
GI Engineering Solutions Limited18-Apr18-Apr?1027-Apr to 03-May09-MayASBABSE Circular
Prerna Infrabuild Limited21-Apr21-Apr?2002-May to 15-May18-MayASBA 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). 

  • 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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