Description
BSE notifies trading members that Hilton Metal Forging Limited has fixed 24 February 2026 as the record date for a rights issue of 29 equity shares at Rs.16.68 per share for every 60 shares held.
Summary
BSE has notified trading members that Hilton Metal Forging Limited (Scrip Code: 532847) has fixed 24 February 2026 as the record date for its rights issue of equity shares. Trades in the company’s equity shares must be conducted on an ex-rights basis effective from 24 February 2026 under settlement DR-827/2025-2026.
Key Points
- Company: Hilton Metal Forging Limited (BSE Code: 532847)
- Rights Ratio: 29 equity shares for every 60 equity shares held
- Face Value: Rs. 10/- per share
- Issue Price: Rs. 16.68 per share (Rs. 10 face value + Rs. 6.68 premium)
- Payment Terms: Full issue price of Rs. 16.68 is payable on application
- Record Date: 24 February 2026
- Ex-Rights Date: 24 February 2026
- Settlement Number: DR-827/2025-2026
Regulatory Changes
No new regulatory changes. This is a standard corporate action notification pursuant to BSE listing and trading rules requiring members to be informed of ex-rights dates.
Compliance Requirements
- Trading members must ensure all transactions in Hilton Metal Forging Limited equity shares are executed on an ex-rights basis effective from 24 February 2026.
- Members should update their systems and communicate the ex-rights basis to clients transacting in the scrip on or after the effective date.
Important Dates
| Event | Date |
|---|---|
| Notice Date | 20 February 2026 |
| Ex-Rights Date | 24 February 2026 |
| Record Date | 24 February 2026 |
Impact Assessment
This rights issue will dilute existing shareholding proportionally for shareholders who do not subscribe. The ratio of 29:60 at an issue price of Rs. 16.68 (face value Rs. 10 + premium Rs. 6.68) represents a below-market or at-market pricing depending on the prevailing share price. Existing shareholders need to decide whether to subscribe to maintain their proportional stake. The impact is limited to shareholders of Hilton Metal Forging Limited and has no broader market-wide implications.
Impact Justification
Routine corporate action notice informing trading members of ex-rights date and record date for a rights issue; directly affects existing shareholders of Hilton Metal Forging Limited but has no broader market-wide impact.