What is not a single application
What is a right Issue?
Issue of Shares to existing shareholders as on record date is called a Rights Issue. The rights are offered in a
ratio to the number of shares or convertible securities held by the shareholder as on the record date.
Can I apply for additional shares in the rights issue apart from my entitlement?
Yes, applicants can apply for any number of additional shares but the allotment of the same will depend on
shares available for apportionment and will also be in proportion to your holding, irrespective of additional
shares applied by applicants.
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Is ASBA compulsory for me? Can I submit my application through ASBA?
Only Demat holders can apply through ASBA. If the holding of the Applicant is in physical form then the
Applicant will be required to follow the procedure mentioned in point no. 17.cronut
Who can apply through B-WAP?
Only resident original Investors can apply through B-WAP. Non-resident Investors and Eligible Equity
Shareholders holding Equity Shares in physical form on the Record Date cannot use B-WAP. Original Investors
shall mean the resident shareholders/investors who are holding the Equity Shares of the Issuer Company as on
the Record Date of the Issue.
How will the Issue Material be dispatched?
In accordance with the SEBI ICDR Regulations, SEBI Rights Issue Circulars and MCA General Circular No.
21/2020, the Issuer Company will send the Issue Material, through email and courier, the Abridged Letter of
Offer, the Rights Entitlement Letter, Application Form and other issue material to the email addresses or the
physical addresses of all the Equity Shareholders who have provided their Indian addresses to the Issuer
Company or who are located in jurisdictions where the offer and sale of the Rights Equity Shares is permitted
under laws of such jurisdictions. The Letter of Offer will be provided, through email and courier, by the
Registrar on behalf of the Company to the Equity Shareholders who have provided their Indian addresses to the
Company or who are located in jurisdictions where the offer and sale of the Rights Equity Shares is permitted
under laws of such jurisdictions and in each case who make a request in this regard.
How can an Eligible Equity Shareholder access the details of his respective Rights Entitlement?
Rights Entitlements shall be credited to the respective demat accounts of Eligible Equity Shareholders before
the Issue Opening Date only in dematerialised form. Eligible Equity Shareholders can also obtain the details of
their respective Rights Entitlements from the website of the Registrar (i.e., www.bigshareonline.com) by
entering their DP ID and Client ID. Eligible Shareholders, who are holding Equity Shares in physical form, can
obtain details of their respective Rights Entitlements from the website of the Registrar by entering their Folio
Number. However, in order to receive a credit of the Right Entitlements in their respective accounts, such
Shareholders, holding Equity Shares in physical form shall be required to furnish the details of their demat
account to the Registrar or the Company at least two Working Days prior to the Issue Closing Date in addition
to applying to the Issue through ASBA mode.
What are the options available to an Eligible Equity Shareholder in rights Issue?
The Rights Entitlement Letter will clearly indicate the number of Rights Equity Shares that the Eligible Equity
Shareholder is entitled to.
If the Eligible Equity Shareholder applies in the Issue, then such Eligible Equity Shareholder can:
(i) apply for its Rights Equity Shares to the full extent of its Rights Entitlements; or
(ii) apply for its Rights Equity Shares to the extent of part of its Rights Entitlements (without renouncing the
other part); or
(iii) apply for Rights Equity Shares to the extent of part of its Rights Entitlements and renounce the other part of
its Rights Entitlements; or
Can an application in the rights Issue be made using third party bank account?
The Rights Entitlement Letter will clearly indicate the number of Rights Equity Shares that the Eligible Equity
Shareholder is entitled to.
If the Eligible Equity Shareholder applies in the Issue, then such Eligible Equity Shareholder can:
(i) apply for its Rights Equity Shares to the full extent of its Rights Entitlements; or
(ii) apply for its Rights Equity Shares to the extent of part of its Rights Entitlements (without renouncing the
other part); or
(iii) apply for Rights Equity Shares to the extent of part of its Rights Entitlements and renounce the other part of
its Rights Entitlements; or