Hilton Metal Forging Limited approved raising up to ₹100 crore through a Qualified Institutional Placement (QIP) on June 18, 2026. The board authorized the creation, offer, issue, and allotment of equity shares in one or more tranches pursuant to Section 62(1)(c) of the Companies Act, 2013. This capital raise aims to support the company’s corporate objectives and is subject to shareholder and regulatory approvals.

The board approved the notice for an Extraordinary General Meeting (EGM) scheduled for July 13, 2026, at 12:00 P.M. via video conferencing. The EGM will seek shareholder consent for the proposed QIP. Ms. Shreya Shah, a Practicing Company Secretary, was appointed as the scrutinizer to monitor the e-voting process, ensuring transparency during the meeting.

Pursuant to the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, the trading window remains closed for all designated persons. The restriction will continue until 48 hours after the conclusion of the board meeting. The board meeting commenced at 5:00 P.M. and concluded at 5:50 P.M.

The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The proposed equity shares have a face value of ₹10 each and will be listed on the National Stock Exchange of India Limited (NSE) and BSE Limited.

Hilton Metal Forging Limited's board has approved the re-appointment of Yuvraj Malhotra as Chairman and Managing Director for a term of three years, effective from July 22, 2026. The decision, taken during a meeting on June 9, 2026, ensures leadership continuity at the forging and engineering company. The board also addressed key governance matters, including the appointment of a cost auditor and the continuation of a director beyond the standard age limit.

The re-appointment of Mr. Malhotra follows the recommendation of the Nomination and Remuneration Committee. His new term will run until July 21, 2029. An engineering graduate with over 40 years of experience in the forging industry, Mr. Malhotra is not related to any other director on the board and is not debarred from holding the directorship by any regulatory authority.

In a separate regulatory compliance move, the board appointed M/s V. J. Talati & Co. as the Cost Auditor for the financial year ending March 31, 2027. The firm, registered under registration number R00213, will be responsible for issuing the Cost Audit Report in accordance with the provisions of the Companies Act, 2013.

The board also approved the continuation of Suryakant Mayani as a Non-Executive, Non-Independent Director upon his attaining the age of 75 years. Mr. Mayani, who holds a Master's in Commerce, brings over 45 years of experience in risk assessment, treasury management, and corporate finance. Like the Chairman, he is not related to any other director and holds no regulatory disqualifications.

Key Board Approvals