Description

Trading in Rights Entitlements for HILTON METAL FORGING LIMITED permitted from January 05, 2026 to January 07, 2026 with rights issue opening January 05-12, 2026.

Summary

BSE has announced that trading in Rights Entitlements (REs) for renunciation of HILTON METAL FORGING LIMITED will commence on Monday, January 05, 2026. The Rights Issue opens from January 05, 2026 to January 12, 2026, with REs trading permitted from January 05-07, 2026. Settlement will be on T+1 rolling basis with trade-for-trade settlement. REs are tradable in dematerialized form only.

Key Points

  • Rights Entitlements trading period: January 05, 2026 to January 07, 2026
  • Rights Issue period: January 05, 2026 to January 12, 2026
  • Scrip Code: 751074
  • Scrip ID: HILTON-RE1
  • ISIN: INE788H20025
  • Market Lot: 1
  • Group: R
  • Settlement: T+1 rolling settlement on trade-for-trade basis
  • Trading format: Dematerialized form only
  • REs not subscribed or renounced before issue closing date will lapse and be extinguished

Regulatory Changes

No regulatory changes introduced. This circular implements existing rights issue framework.

Compliance Requirements

  • Trading members must inform all clients about commencement of trading in REs with ISIN details
  • Trading members must clarify that REs should not be mistaken for ordinary shares
  • Contract notes/bills for RE purchases must include prominent disclaimer informing clients that:
    • Purchase of REs only gives right to participate in ongoing rights issue by making application with requisite money OR renounce REs before issue closes
    • REs neither subscribed nor renounced by issue closing date will lapse and be extinguished
  • Trading members must refer to notice no. 20200305-21 dated March 05, 2020 and notice no. 20200518-34 dated May 18, 2020 for additional details

Important Dates

  • January 05, 2026: REs trading begins; Rights Issue opens
  • January 07, 2026: REs trading ends
  • January 12, 2026: Rights Issue closes

Impact Assessment

Market Impact: Limited to HILTON METAL FORGING LIMITED shareholders and participants in the rights issue. The 3-day renunciation window provides limited trading opportunity.

Operational Impact: Trading members must ensure proper client communication, contract note disclaimers, and understanding of T+1 settlement mechanics for trade-for-trade basis. Clients need awareness that unexercised REs will lapse after the issue closing date.

Investor Impact: Existing shareholders receive rights entitlements that can be traded during the 3-day window, exercised during the 8-day rights issue period, or allowed to lapse. Time-sensitive decision required.

Impact Justification

Standard rights issue notification affecting HILTON METAL FORGING LIMITED shareholders and trading members with specific trading period and settlement requirements