Description

BSE announces trading period for Rights Entitlements (REs) of Hilton Metal Forging Limited from January 05-07, 2026, with Rights Issue opening January 05-12, 2026.

Summary

BSE has announced the commencement of trading in Rights Entitlements (REs) for Hilton Metal Forging Limited. The REs will be available for renunciation trading from January 05-07, 2026, while the underlying Rights Issue will remain open from January 05-12, 2026. Trading will occur on a T+1 rolling settlement basis in dematerialized form only.

Key Points

  • Rights Entitlements trading permitted for Hilton Metal Forging Limited
  • Scrip Code: 751074, Scrip ID: HILTON-RE1
  • ISIN: INE788H20025
  • Market Lot: 1, Group: R
  • Trade-for-trade settlement basis
  • REs tradable only in dematerialized form
  • Unsubscribed and un-renounced REs will lapse and be extinguished after Issue Closing Date

Regulatory Changes

No new regulatory changes. This circular follows existing BSE procedures for Rights Entitlements trading as outlined in previous notices (20200305-21 dated March 05, 2020 and 20200518-34 dated May 18, 2020).

Compliance Requirements

  • Trading Members must inform all clients about commencement of REs trading and the ISIN number
  • Trading Members must include prominent disclaimer in contract notes/bills containing REs purchases, stating:
    • Purchase of REs only provides right to participate in ongoing Rights Issue by submitting application with requisite money OR renounce REs before issue closes
    • REs should not be mistaken for ordinary shares
    • Un-renounced and unsubscribed REs will lapse after Issue Closing Date
  • Trading Members must refer to notice nos. 20200305-21 and 20200518-34 for additional details

Important Dates

  • January 01, 2026: Notice date
  • January 05, 2026: Rights Entitlements trading begins; Rights Issue opens
  • January 05-07, 2026: Trading period for renunciation of Rights Entitlements
  • January 12, 2026: Rights Issue closes
  • T+1 Settlement: REs settled on T+1 rolling settlement basis

Impact Assessment

Market Impact: Low - This is a company-specific corporate action affecting only existing shareholders of Hilton Metal Forging Limited who wish to participate in or renounce their rights.

Operational Impact: Medium for Trading Members - Requires client communication, contract note disclaimers, and awareness of REs trading mechanics. Settlement is straightforward on T+1 basis.

Investor Impact: Medium for Hilton Metal Forging shareholders - Shareholders must decide whether to subscribe to the Rights Issue, renounce their REs during the 3-day trading window, or allow them to lapse. Unexercised rights will be extinguished, representing potential value loss.

Impact Justification

Company-specific rights issue affecting only Hilton Metal Forging shareholders; standard procedure with limited market-wide impact