If you hold Rights Entitlements (REs) and don't apply for the online rights issue by the closing date, those REs will lapse, and you'll lose the amount you paid for them, including any premium if you purchased them. You will not receive any shares from those lapsed REs.

Rights Entitlements (REs): These are temporary securities that are credited to your Demat account when a company issues a rights issue, allowing existing shareholders the opportunity to buy more shares at a discounted price.

Applying for the Rights Issue: If you want to participate in the rights issue and buy the shares, you must apply for them using the REs within the specified time frame.

Lapsing of REs: If you don't apply for the rights issue or sell the REs before the issue closing date, they will lapse and become worthless.

Loss of Premium: If you purchased the REs in the market, you will also lose the premium you paid to acquire them.

No Shares: Even if you purchased the REs, if they lapse, you will not receive the corresponding shares for those REs.