All the pieces You Must Know Concerning the Beardsell Restricted Rights Challenge – #3…

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Beardsell Restricted (BEARDSELL) will problem Rights Entitlements (REs) to anybody who holds its shares as of December 17, 2021 (report date). You’ll be eligible to obtain Rights Entitlements (REs) you probably have purchased the shares on or earlier than December 15, 2021. The ex-date is December 16, 2021.

These REs shall be briefly traded on the inventory exchanges and can then be extinguished. You’ll be able to both use the REs to use for the rights shares of Beardsell Restricted or you possibly can promote them available in the market. You’ll be able to examine the announcement from the corporate here.

Challenge Particulars

Ex-date December 16, 2021
Report Date December 17, 2021
Ratio 1:3
Challenge Value ₹ 10 per share
Challenge Interval December 31, 2021 to January 14, 2022
RE Buying and selling Interval December 31, 2021 to January 10, 2022
Tentative date of credit score January 25, 2022
Tentative date of itemizing January 28, 2022

How to apply for the Beardsell Limited Rights Issue?

Once you either receive the REs from the company or purchase them from the market, you will need to apply for the rights shares using Netbanking ASBA. You can check the process in this post.

You can also apply for rights shares through the website of the Registrar and Transfer agent. The web site may not be totally stay till the difficulty opens for the subscription.

You will have to enter your demat account’s Beneficiary Owner ID which is a 16-digit quantity whereas making use of both on the RTA’s web site or by way of your financial institution.

What will happen to my purchased holding of RE shares if I do not apply for the rights issue?

Your REs will lapse and you will lose the premium paid to acquire them. The RE will be in the form of temporary demat securities which will lapse if not renounced/exercised once the trading window is closed.

I don’t have the shares but bought REs, am I still eligible to apply for the rights issue?

In case you have bought REs but don’t have shares, you’re still eligible for the rights issue. You may apply for the rights shares either through the RTA’s portal or via net banking ASBA if your bank allows it. If you don’t take any action, and let the REs remain in your Zerodha account, they will lapse after the issue.

You can read more FAQ’s on Rights Issue and Rights Entitlements here.

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