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TMI BlogFaster Rights Issue with a flexibility of allotment to specific investor(s)X X X X Extracts X X X X X X X X Extracts X X X X ..... e ID CG-DL-E-08032025-261516 published in the Official Gazette on March 08, 2025. The same is available at this link. 2. As part of the new framework, in terms of amended Regulation 85 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (SEBI ICDR Regulations), it is being specified that Rights Issues shall be completed within 23 working days from the date of Board of Directors of the Issuer approving the Rights Issue. 3. Accordingly, the revised timelines for completion of the various activities involved in Rights Issue process from the date of Board of Directors of the Issuer approving the Rights Issue till the date of closure of Rights Issue are placed at Annexure I. 4. If the Issuer is making a Rights Issue of co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hapter 2 of Master Circular No. SEBI/HO/CFD/PoD-1/P/CIR/2024/0154 shall read as under- "Applicants can use application form available on the website of registrar to the issue or printed forms sourced from the issuer or registrars to the issue." 8.3. Sub para (a) of para (E) of Annexure I of Chapter 2 of Master Circular No. SEBI/HO/CFD/PoD-1/P/CIR/2024/0154 shall read as under- "Correction of bid data as collated by the SCSB after issue closing shall be completed on the issue closure date itself." 8.4. Sub para 1.5 shall be inserted under Para 1 of Chapter 4 of Master Circular No. SEBI/HO/CFD/PoD-1/P/CIR/2024/0154. The text of the same shall read as under- "For rights issues the issuer shall file the letter of offer with SEBI through ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e case of rights issues also to the extent relevant for rights issue. The role and responsibilities of SCSBs, Stock Exchanges and RTAs for public issues, shall be applicable mutatis mutandis to rights issue also." 9. The Recognized Stock Exchanges and Depositories are directed to a) bring the contents of this circular to the notice of all the stakeholders; b) put in place necessary systems and infrastructure for monitoring and implementation of this circular; c) make consequential changes, if any, to their respective bye-laws, rules and regulations and bidding portal; 10. The provisions of this circular shall come into force from April 07, 2025 and shall be applicable to the Rights Issues that are approved by the Board of Directors ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g record date, price, entitlement ratio etc. T+4 6. Filing of Letter of Offer with Stock Exchanges and SEBI T+5 to T+7 7. Record Date T+8 8. Receipt of BENPOS on Record date (at the end of the day) T+8 9. Credit of Right Entitlements (REs) T+9 10. Dispatch / Communication to the shareholders of Letter of Offer T+10 11. Publication of advertisement for completion of dispatch T+11 12. Publication of advertisement for disclosing details of specific investor(s) T+11 13. Issue opening and commencement of trading in REs (Issue to be kept open for minimum 7 days as per Companies Act, 2013) T+14 14. Validation of Bids T+14 to T+20 15. Closure of REs trading (3 working days prior to issue closure d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r non-allottees T+1 12. Listing application to be made to SEs T+1 13. Instructions to dispatch of allotment and refund/unblocking intimations T+2 14. Receiving in-principle listing approval for corporate action T+2 15. Submit application with depositories for credit to respective demat shareholder account T+2 16. Receipt of credit confirmation from NSDL/CDSL T+2 17. Filing Documents with SEs for trading approval T+2 18. Publication of basis of allotment advertisement in newspaper and submission of same with SEs T+2 19. Receipt of trading approval from SEs T+2 20. Shifting of shares from temporary ISIN to live ISIN T+2 21. Transfer of funds from Rights escrow account to Issuer's monitoring account T+ ..... X X X X Extracts X X X X X X X X Extracts X X X X
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