Rights Issue - September 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 September 2023:

CompanyEx-dateRecord DateRI PriceRE Trading PeriodLast date to apply for Rights SharesWhere to apply for rights sharesCircular
Gretex Corporate Services Limited23-Aug23-Aug?21030-Aug to 01-Sep06-Sep-23ASBABSE
Orient Power Company Limited18-Aug18-Aug?1028-Aug to 11-Sep15-Sep-23ASBABSE
Nakoda Group of Industries Limited05-Sep05-Sep?4018-Sep to 22-Sep27-Sep-23ASBABSE/NSE
Advik Capital Limited07-Sep07-Sep?2.40 18-Sep to 26-Sep29-SepASBABSE
Bhandari Hosiery Exports Limited13-Sep13-Sep?5.5030-Sep to 07-Oct10-OctASBABSE/NSE
Varanium Cloud Limited15-Sep15-Sep?123ASBANSE
Marshall Machines Limited29-Sep29-Sep?44.8011-Oct to 16-Oct19-OctASBANSE
Syschem (India) Limited29-Sep29-Sep?4016-Oct to 23-Oct27-OctASBABSE
Dudigital Global Limited22-Sep22-Sep?26.50ASBANSE

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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