Rights Issue - April 2024

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 2024:

CompanyEx-dateRecord DateRI Price (Rs. per share)RE Trading PeriodLast date to apply for Rights SharesWhere to apply for rights sharesCircular
Balkrishna Paper Mills Limited15- Mar15- MarRs. 2102-Apr to 08-Apr15- AprASBABSE
Mishtann Foods Limited**20- Mar20- MarRs. 1502-Apr to NA16- AprASBABSE
Sawaca Business Machines Limited07- Mar07- MarRe. 102-Apr to 08-Apr22-Apr (Extension)ASBABSE
Spectrum Foods Limited27-Mar27-MarRs. 2008-Apr to 17-Apr22-AprASBABSE
Markobenz Ventures Limited27-Mar27-MarRs. 1015-Apr to 18-Apr22-AprASBABSE
Tierra Agrotech Limited18-Mar18-MarRs. 5028-Mar to 16-Apr24-Apr (Extension)ASBABSE
Jyoti Structures Limited21-Mar21-MarRs. 1515-Apr to 24-Apr29-AprASBABSE
Shiva Cement Limited03-Apr03-AprRs. 4022-Apr to 30-Apr06-MayASBABSE
AA Plus Tradelink Limited05-Apr05-AprRs. 1822-Apr to 03-May06-MayASBABSE
Iykot Hitech Toolroom Limited03-Apr03-AprRs. 724-Apr to 30-Apr08-MayASBABSE
A B Infrabuild Limited05-Apr05-AprRs. 1829-Apr to 06-May13-MayASBABSE
Sakuma Exports Limited15-Apr15-AprRs. 25.3025-Apr to 07-May13-MayASBABSE
Savani Financials Limited04-Apr04-AprRs. 17.50 (Rs. 14 On App PP Shares)07-May to NA17-MayASBABSE

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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