Hilton Metal Forging Limited shareholders have approved the issuance of equity shares through Qualified Institutions Placement (QIP). The resolution was passed during an Extraordinary General Meeting (EGM) held on July 15, 2026, via Video Conferencing. This authorization allows the company to raise capital by allotting shares in one or more tranches under Section 62(1)(c) of the Companies Act, 2013.

The special resolution received overwhelming support, with 99.9994% of the total valid votes cast in favour. A total of 9,859,684 votes were polled for the resolution, while only 58 votes were against it. The voting process combined remote e-voting and e-voting conducted during the meeting, supervised by Ms. Shreya Shah, Practicing Company Secretary.

Voting Details

The remote e-voting period was open from July 12, 2026, to July 14, 2026. The cut-off date for determining shareholder eligibility was July 8, 2026, on which the company had 28,283 shareholders on record. Promoters held 9,551,366 shares, while public shareholders held 41,913,185 shares.

Meeting Proceedings

The EGM was presided over by Yuvraj Malhotra, Chairman and Managing Director. The Board of Directors, including Independent Directors Ms. Himanshi Mota, Mr. Amit Pathak, and Mr. Rakesh Khajuria, was present. The scrutinizer's report confirms that the requisite quorum was present and the voting was conducted in a fair and transparent manner using the NSDL e-voting system.

Hilton Metal Forging Limited has secured shareholder approval for the re-appointment of its top leadership and related remuneration through a postal ballot process. The resolutions, which were deemed passed on July 14, 2026, received strong support from public shareholders despite minor opposition. The approvals are critical for the continuity of the company's executive leadership as it moves into the next financial year.

The postal ballot sought consent for three special resolutions concerning the company's board composition and director compensation. A total of 28,739 shareholders were eligible to vote as of the record date of June 5, 2026. The e-voting process, managed by National Securities Depository Limited (NSDL), commenced on June 15, 2026, and concluded on July 14, 2026.

Voting Results Summary

The resolutions were passed with the requisite majority, with public non-institutional shareholders driving the approval. The following table details the voting outcomes for the key resolutions:

Re-appointment of Chairman and Managing Director

Shareholders approved the re-appointment of Mr. Yuvraj Malhotra (DIN: 00225156) as Chairman and Managing Director of the company. This resolution was classified as a special resolution and required a higher threshold of approval. The promoter and promoter group did not participate in the voting process. The resolution saw 198 members vote in favour, while 11 members voted against it.

Director Continuation and Remuneration

The company also received approval for the continuation of Mr. Suryakant Mayani (DIN: 10764276) as a Non-Executive, Non-Independent Director following his attainment of the age of 75 years. Additionally, shareholders sanctioned the payment of remuneration to Mr. Mayani for the financial year 2026-27. Both resolutions passed with 99.5055% of the valid votes cast.

The scrutinizer's report, submitted by Shreya Shah, a Practicing Company Secretary, confirmed that the e-voting was conducted in a fair and transparent manner. The results were submitted to the stock exchanges in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.