July 03, 2023
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Rights Issue - June 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 June 2023:

CompanyEx-dateRecord DateRI PriceRE Trading PeriodLast date to apply for Rights SharesWhere to apply for rights sharesCircular
North Eastern Carrying Corporation Limited02-Jun02-Jun?18 (On App ?9) PP14-Jun to 29-Jun04-Jul (Extended)ASBABSE/NSE Circular
Debock Industries Limited01-Jun01-Jun?1513-Jun to 21-Jun27-JunASBANSE Circular
Udaipur Cement Works Limited14-Jun14-Jun?1821-Jun to 30-Jun05-JulASBABSE/NSE Circular
Cressanda Solutions Limited16-Jun16-Jun?2027-Jun to 05-Jul11-JulASBABSE Circular
Alan Scott Industries Limited16-Jun16-Jun?30 (On App ?10) PP30-Jun to 07-Jul13-JulASBABSE Circular
Vintage Coffee & Beverages Limited19-Jun19-Jun?1203-Jul to 05-Jul10-JulASBABSE Circular
Bandaram Pharma Packtech Limited30-Jun30-Jun?1012-Jul to 17-Jul20-JulASBABSE 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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