Rights Entitlements listing in May 2025 - Bannari Amman Spinning Mills Ltd

When a company needs to raise money, it can do a rights issue, offering new shares to its existing shareholders. As part of a rights issue, eligible shareholders are allotted Rights Entitlements (REs) in their demat accounts under a separate ISIN created by the company. These REs are not actual shares but give shareholders the option to apply for rights shares. They exist as temporary securities and will expire if not exercised or sold within the specified timeframe.

REs are offered to shareholders based on a ratio of existing equity shares held as on the record date. Following is the list of RE to be listed in April 2025:

GACM Technologies Limited Rights Entitlement

GACM Technologies Limited (GATECH) is offering a rights issue of 42,32,83,900 equity shares worth up to ₹42.33 crores. 

The subscription period is from May 06 to June 02. Shareholders as of April 26, 2025, will receive rights entitlements. The eligible shareholders are being offered 51 rights equity share for every 82 fully paid-up equity shares held by them on the record date of April 26, 2025. These REs can be traded temporarily on the stock exchanges or used to apply for the new shares. Alternatively, you can sell them in the market.

Overview:

Max India Limited Rights Entitlement

Max India Limited (MAXIND) is offering a rights issue of 82,81,973 equity shares worth up to ₹124.23 crores. 

The subscription period is from May 07 to May 22. Shareholders as of April 29, 2025, will receive rights entitlements. The eligible shareholders are being offered 19 rights equity share for every 100 fully paid-up equity shares held by them on the record date of April 29, 2025. These REs can be traded temporarily on the stock exchanges or used to apply for the new shares. Alternatively, you can sell them in the market.

Overview:

Bannari Amman Spinning Mills Limited Rights Entitlement

Bannari Amman Spinning Mills Limited (BASML) is offering a rights issue of 1,50,79,504 equity shares worth up to ₹40.71 crores. 

The subscription period is from May 13 to May 26. Shareholders as of April 30, 2025, will receive rights entitlements. The eligible shareholders are being offered 10 rights equity share for every 43 fully paid-up equity shares held by them on the record date of April 30, 2025. These REs can be traded temporarily on the stock exchanges or used to apply for the new shares. Alternatively, you can sell them in the market.

Overview:

How to apply for rights issue? 

You can apply for their rights Issue in two ways: 

• Online using net banking ASBA 
• Registrar's Website (R-WAP Facility)

If you want to apply for REs of the above companies and need help, then please reach out to our customer support desk at 0731-4217003 or email us at customersupport@arihantcapital.com.