February 09, 2024
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Rights Issue - February 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 February 2024:

CompanyEx-dateRecord DateRI Price (Rs. per share)RE Trading PeriodLast date to apply for Rights SharesWhere to apply for rights sharesCircular
Indian Infotech & Software Limited29-Jan29-JanRs. 1.6006- Feb to 08-Feb13- FebASBABSE
Adroit Infotech Limited19- Jan19- JanRs. 15 (Rs. 3.75 on App - PP Shares)07- Feb to 12-Feb16-FebASBABSE
Shree Ajit Pulp & Paper Limited18- Jan
18- Jan		Rs. 80 (Rs. 48 on App - PP Shares)30- Jan to 16-Feb20- FebASBABSE
Magnum Ventures Limited25-Jan25-JanRs. 5407- Jan to NA21- FebASBABSE
Yarn Syndicate Limited24-Jan24-JanRs. 27 (Rs. 13.50 on App - PP Shares)06- Feb to 16-Feb21- FebASBABSE
Nagreeka Exports Limited30-Jan30-JanRs. 2012- Feb to 19-Feb23- FebASBABSE
Mangalam Industrial Finance Limited29-Jan29-JanRs. 3.7512- Feb to 20-Feb26- FebASBABSE

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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