Can I sell shares on the record date?

Technically, yes — you can sell your shares on the record date, because your name will already appear in the company’s records for determining eligibility. With the T+1 settlement system, the buyer’s name will be updated only on the next day.

However, it’s safer to wait until the next trading day after the record date before selling your shares. This ensures there’s no settlement-related risk that could affect your eligibility for receiving Rights Entitlements (REs).

Example: If the record date is 10th August, you must buy shares on or before 9th August to qualify. You can sell on 10th August, but waiting until 11th August is safer to avoid any eligibility issues.