Description

NSE notifies commencement of trading in Rights Entitlements (REs) of Hilton Metal Forging Limited (HILTON-RE2) from March 06, 2026, with trading in the Trade to Trade segment in compulsory demat.

Summary

NSE has notified the admission of Rights Entitlements (REs) of Hilton Metal Forging Limited to dealings on the Capital Market segment effective March 06, 2026. The REs will trade under the symbol HILTON-RE2 in the Trade to Trade (BE) segment in compulsory demat mode. A total of 16,757,606 REs are available for trading during a five-day window from March 06 to March 10, 2026.

Key Points

  • Symbol: HILTON-RE2 (Series: BE)
  • ISIN: INE788H20033
  • Total Rights Entitlements: 16,757,606
  • Trading period for renunciation: March 06, 2026 to March 10, 2026
  • Market lot: 1
  • REs will be traded in the Trade to Trade segment in compulsory demat for all investors
  • Trading members must prominently disclaim in contract notes that purchasing REs only grants the right to participate in the rights issue or renounce before closing
  • REs that are neither subscribed nor renounced by the Issue Closing Date shall lapse and be extinguished

Regulatory Changes

No new regulatory changes introduced. The circular is issued in pursuance of Regulation 3.1.1 and Regulation 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A, governing admission of securities to dealings and lot size specifications respectively.

Compliance Requirements

  • Trading members must inform all clients about the commencement of trading in REs, citing the ISIN (INE788H20033), and clarify that REs are not ordinary shares of Hilton Metal Forging Limited.
  • Trading members must include a prominent disclaimer in contract notes and bills for RE purchases, stating that the purchase only confers the right to participate in the rights issue or renounce the REs before the issue closes.
  • REs not subscribed or renounced by the Issue Closing Date will lapse automatically.

Important Dates

  • March 06, 2026: Commencement of trading in Rights Entitlements; circular effective date
  • March 06–10, 2026: Trading window for renunciation of Rights Entitlements
  • March 11, 2026: Date of suspension of RE trading

Impact Assessment

This circular has a medium and time-limited market impact, primarily affecting existing shareholders of Hilton Metal Forging Limited who received REs and secondary market participants looking to buy or sell entitlements. The five-day trading window (March 06–10, 2026) is narrow, requiring prompt action from investors. The Trade to Trade designation means no intraday squaring off is permitted, increasing settlement obligations for buyers. Investors who do not act by March 10, 2026 risk losing the value of their entitlements as unexercised REs will be extinguished after the issue closes.

Impact Justification

Routine rights entitlement trading notification for a single mid-cap company; impacts existing shareholders of Hilton Metal Forging Limited and potential RE buyers during a short 5-day trading window.