Announcements

What does this mean?

A company announces a Rights Issue to invite existing shareholders to buy more shares, usually at a discounted price. These shares are known as Rights Shares.

After the Rights Issue is announced, the company then credits its existing shareholders’ Demat Accounts with REs (Rights Entitlements).

These REs are not the Right Shares but the benefit given to existing shareholders to apply for the Right Shares. If shareholders do not wish to apply for these Rights Shares, they can even trade these REs in the market until a particular date. 

To learn more, click here.

What does this mean for Suzlon Energy shareholders?

Existing shareholders of Suzlon Energy company (as of record date 4th October 2022) have 2 options - 

• They can use their REs to apply for more shares of Suzlon (in proportion to their existing shares - 5 for every 21 shares held) at a price of ₹5 per share.
• If they do not wish to apply for more shares, they can even sell their REs in the market.

Note: REs which are neither subscribed by making an application with requisite application money nor renounced, on or before the Issue Closing Date shall lapse and shall be extinguished after the Issue Closing Date.

What dates should one keep in mind?

Last date to apply (Issue Closing Date): 20th October 2022
If you’re interested in applying for the right shares, you can apply on or before this date
Last trading date for RE  - 14th October 2022
If you do not wish to apply for the rights shares, you can trade your REs in the market on or before this date.
Date when Right Shares will be credited - 1st November 2022
Date of listing of Right Shares - 3rd November 2022

How To Apply for Rights Shares?
You can apply for Suzlon Energy Rights Issue 2022 in 2 ways:

1) Online through ASBA (Applications Supported by Blocked Amount) if your bank supports it just like you do for an IPO. 

2) Offline by filling the Composite Application Form (CAF) received in your courier from the company’s RTA and then submitting it at a Self-Certified Syndicate Banks (SCSBs) branch.

Refer to the Exchange circular here: 

BSE: Rights Entitlements of Suzlon Energy Limited

Aarti Industries Limited (AARTIIND) declared to the Exchange the issuance and allotment of 1 equity share for every 4 equity shares held by existing shareholders. The record date for the purpose of determining shareholders who will be applicable for this is 20th October 2022.

Due to this corporate action, keep in mind the following impact on your F&O contracts

1.  All existing contracts in the underlying AARTIIND i.e. contracts with expiry dates 27th October 2022, 24th November 2022 and 29th December 2022 shall expire on 18th October 2022 and shall be physically settled as per the mechanism specified in NCL Circular no.67/2018 (Download no. NCL/CMPT/38039 dated 15th June 2018)
2. You need to maintain the full value of AARTIIND position contract if you wish to take physical delivery of shares.
3. No fresh position will be allowed under the F&O segment  in AARTIIND from 17th October 2022
   AARTIIND positions with insufficient fund value or stock (in case of short position) will be squared off anytime after 12 PM on 18th October 2022 on a best effort basis.
4. All positions in the existing futures and options contracts on the underlying AARTIIND shall cease to exist pursuant to the final settlement on 17th October 2022.
5. The pay-in/payout of the final MTM settlement of all futures contracts on AARTIIND shall be on 18th October 2022 (T+1 day).
6. The physical settlement shall be effected on 19th October 2022 (T+2 day)
7. New contracts in the underlying AARTIIND (with expiry dates - 27th October, 24th November and 29th  December 2022) will begin on 19th October

You can also refer to the circular here: NSE Circular 119/2022

Due to settlement of funds happening tomorrow, 7th October 2022, any fund withdrawal request placed after 8:00 AM tomorrow will be processed on Monday, 10th October 2022.

You can place Instant Withdrawal requests between 11:00 AM to 4:00 PM, they will be processed within 15 minutes. However, keep in mind the guidelines mentioned here for Instant Withdrawal requests to be processed successfully.

As per SEBI’s latest circular, all brokers need to settle accounts of all clients on the first Friday of every quarter i.e. October 2022, January 2023, April 2023, July 2023 and so on. If the first Friday is a trading holiday, then such settlement shall happen on the previous trading day.

What does this mean?
This means, all unutilised funds from your Upstox account will be transferred back to your registered bank account by Friday, 7th October EOD

How will this impact you?

• - This will have no impact on your existing orders, holdings or positions
• - All unutilised funds from your Upstox account will be transferred back to your registered bank account by Friday, 7th October EOD
• - However, due to the large volume of transactions on Friday, 7th October there might be a delay from the bank in receiving your funds. Don’t worry, in this case you will receive your funds within 2 working days

What should you do?

• - For uninterrupted trades, we recommend keeping your Upstox account funded before trading starts on Monday, 10th October
• - You can transfer funds from your registered bank to Upstox via NetBanking, UPI, Google Pay or NEFT/RTGS/IMPS. For more detailed steps, click here: How can I transfer funds?

KEEP IN MIND: If you’re using NEFT/RTGS make sure you add Upstox as a beneficiary 24 hours in advance (by Saturday, 8th October). Beneficiary details are:

For Securities:
Bank Name - HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number - 00600340067574
Account Type - Current Account
IFSC Code - HDFC0000060

For Commodities:
Bank Name - HDFC Bank
Account Name - RKSV COMMODITIES INDIA PVT.LTD.
Account Number - 15770340022236
Account Type - Current Account
IFSC Code - HDFC0000060

We hope this helps you plan your trades better!

On account of Dussehra, keep the following in mind:

Markets will be closed on Wednesday, 5th October 2022. Trading will resume on Thursday, 6th October 2022.

MCX will also be closed on Wednesday, 5th October 2022 for the morning session. The second session (5 PM - 11:30 PM) will take place as usual.

All fund withdrawal requests placed on Wednesday, 5th October 2022 will be processed on Thursday, 6th October 2022.

The credit bill amount for equity segments on 4th October will not be available for trading or withdrawal purposes until 6th October 2022.

The credit bill for F&O and MCX segments on 4th October will not be available for trading or withdrawal purposes until 5th October 2022.