Description
BSE announces commencement of trading in Rights Entitlements (REs) for Hilton Metal Forging Limited effective March 6, 2026, with renunciation trading permitted from March 6-10, 2026.
Summary
BSE has announced that trading in Rights Entitlements (REs) for renunciation of Hilton Metal Forging Limited is permitted on the Exchange with effect from Friday, March 6, 2026. The Rights Issue is open from March 6 to March 13, 2026, while the renunciation trading window closes on March 10, 2026.
Key Points
- Rights Entitlements (REs) for Hilton Metal Forging Limited will be available for trading/renunciation from March 6 to March 10, 2026
- Scrip Code: 751094, Scrip ID: HILTON-RE2, ISIN: INE788H20033
- Market Lot: 1; Group: R
- Settlement on T+1 Rolling Settlement basis, trade-for-trade
- REs are tradable in dematerialised form only
- REs that are neither subscribed nor renounced by the Issue Closing Date (March 13, 2026) will lapse and be extinguished
- Trading members must prominently display a disclaimer in contract notes clarifying that purchase of REs gives right to participate in the rights issue or renounce, not ordinary equity shares
Regulatory Changes
No new regulatory changes introduced. This notice is issued under the framework established by earlier notices: notice no. 20200305-21 (March 5, 2020) and notice no. 20200518-34 (May 18, 2020), which govern the trading of Rights Entitlements on BSE.
Compliance Requirements
- Trading Members must inform all clients about the commencement of trading in REs, specifying the ISIN (INE788H20033)
- Members must caution clients that REs should not be mistaken for ordinary shares of Hilton Metal Forging Limited
- A prominent disclaimer must be included in all contract notes/bills for RE purchases explaining: (a) REs only confer the right to participate in the rights issue or renounce before closing, and (b) unsubscribed/unrenounced REs will lapse after the Issue Closing Date
Important Dates
| Event | Date |
|---|---|
| Trading in REs commences | Friday, March 6, 2026 |
| Last day of RE renunciation trading | Tuesday, March 10, 2026 |
| Rights Issue opens | March 6, 2026 |
| Rights Issue closes | March 13, 2026 |
| REs lapse (if not subscribed/renounced) | After March 13, 2026 |
Impact Assessment
This circular has a moderate, company-specific impact. Existing shareholders of Hilton Metal Forging Limited who received Rights Entitlements can either apply for shares in the rights issue or trade/renounce their REs on BSE between March 6-10, 2026. The T+1 trade-for-trade settlement mechanism limits counterparty risk. Trading members face a compliance obligation to ensure client communication and proper disclaimer inclusion in contract notes. Failure to subscribe or renounce within the window will result in REs lapsing, representing a financial risk to uninformed RE holders.
Impact Justification
Company-specific rights entitlement trading notice affecting holders of Hilton Metal Forging Limited shares; limited to a specific trading window and impacts only rights issue participants.