Description
Record date fixed for rights issue offering 14 equity shares at Rs 28.32 per share for every 29 shares held, with ex-rights trading effective December 26, 2025.
Summary
BSE has announced that Hilton Metal Forging Limited (Scrip Code: 532847) has fixed the record date for its rights issue of equity shares. Shareholders will be entitled to subscribe to 14 equity shares of Rs 10 each at a premium of Rs 18.32 per share (total Rs 28.32 per share) for every 29 equity shares held. The ex-rights trading will commence from December 26, 2025.
Key Points
- Company: Hilton Metal Forging Limited (BSE Code: 532847)
- Record Date: December 26, 2025
- Rights Ratio: 14 equity shares for every 29 shares held
- Face Value: Rs 10 per equity share
- Premium: Rs 18.32 per share
- Issue Price: Rs 28.32 per share (face value + premium)
- Ex-Rights Date: December 26, 2025
- Settlement Number: DR-785/2025-2026
- Segment: Dematerialised Securities - Rolling Settlement
Regulatory Changes
No regulatory changes introduced. This is a standard corporate action notification as per existing listing regulations.
Compliance Requirements
- Trading members must execute all transactions in Hilton Metal Forging Limited shares on an ex-rights basis from December 26, 2025
- Shareholders on record as of December 26, 2025 will be eligible to participate in the rights issue
- All trades settling from December 26, 2025 onwards will be without rights entitlement
Important Dates
- Record Date: December 26, 2025 - Eligibility cutoff for rights issue participation
- Ex-Rights Trading Date: December 26, 2025 (Settlement DR-785/2025-2026)
- Notice Date: December 23, 2025
Impact Assessment
Shareholder Impact: Existing shareholders holding shares as of the record date will receive rights entitlements allowing them to subscribe to additional shares at Rs 28.32 per share, representing potential dilution if rights are not exercised.
Market Impact: The ex-rights adjustment will typically result in a proportional reduction in share price from December 26, 2025 to reflect the dilutive effect of the rights issue. Trading members must account for this in their order execution.
Liquidity Impact: Moderate - rights issues can temporarily affect trading patterns as shareholders decide whether to exercise, sell, or renounce their rights. The relatively modest ratio (14:29 or approximately 48% of existing holding) suggests a moderate capital raise.
Impact Justification
Standard rights issue announcement affecting existing shareholders with specific entitlement ratio and pricing; material for HILTONMF shareholders to exercise their rights