Update: Kesoram Industries has fixed December 2, 2021, as the record date for the purpose of ascertaining the holders of partly paid-up equity shares to whom the first and final call notice would be sent. You can check the announcement from the company here.
As a result, the Partly Paid shares of Kesoram Industries will be suspended from trading on exchanges with effect from December 1, 2021, and you will not be able to see these holdings on Kite.
| Event Schedule | |
|---|---|
| Payment | ₹ 25 per share |
| Call Payment Period | December 21, 2021 to January 4, 2022 |
| Allotment & Listing | Within 2 to 3 weeks from the last date of payment |
What are the modes for payment?
You can make call payment through the following modes:
- Through the website of the Registrar and Transfer agent .
- Netbanking ASBA: Through the website of the SCSB’s.
- Physical ASBA: By submitting a physical application to the Designated Branch of SCSB’s.
- Cheque / Demand Draft.
What will happen if I don’t make the call payment?
If you fail to pay the call money the partly paid shares may be forfeited (the current Kesoram Industries partly-paid shares you hold will be worthless and will not trade on exchanges as the company will allot new shares under different ISIN). The company may also levy interest on the amount you owe.
Kesoram Industries Ltd. will issue Right Entitlements (RE’s) to anyone who holds its shares as of September 17, 2021 (record date). These RE’s will be temporarily traded on the stock exchanges and will then be extinguished. You can either use the RE’s to apply for the rights shares of Kesoram Industries or you can sell them in the market. You can check the announcement from the company here.
Issue Details:
| Ex-Date | September 16, 2021 |
| Record Date | September 17, 2021 |
| Ratio | 133:274 |
| Issue Price | ₹ 50 |
| Issue Period | September 27, 2021 to October 11, 2021 |
| RE Trading Period | September 27, 2021 to October 6, 2021 |
| Tentative Date of Allotment | October 19, 2021 |
| Tentative Date of Listing | October 28, 2021 |
| Payment Schedule | Face Value | Premium | Total |
|---|---|---|---|
| On Application | 5 | 20 | 25 |
| First and Final Call | 5 | 20 | 25 |
| Total | 10 | 40 | 50 |
How to apply for the Kesoram Industries Rights Issue?
Once you either receive the RE’s from the company or purchase it from the market, you can 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 website might not be fully live until the issue opens for the subscription.
You will need to enter your demat account’s Beneficiary Owner ID which is a 16-digit number while applying through Netbanking ASBA.