Hilton Metal Forging Limited has scheduled an Extraordinary General Meeting (EGM) on July 15, 2026, to seek shareholder approval for raising up to ₹100 crore through a Qualified Institutional Placement (QIP). The meeting will be held via video conferencing at 12:00 p.m. IST. The capital raise aims to support the company’s long-term resources, business growth initiatives, and capital expenditure requirements.

The board approved the proposal to create, offer, issue, and allot equity shares in one or more tranches pursuant to Section 62(1)(c) of the Companies Act, 2013. The special resolution authorizes the company to issue shares to Qualified Institutional Buyers (QIBs) in accordance with Chapter VI of the SEBI ICDR Regulations. The allotment must be completed within 365 days from the date of the resolution. The issue price will be determined in accordance with the pricing formula provided under the regulations, with a permissible discount of up to 5% on the floor price.

Ms. Shreya Shah, a Practicing Company Secretary, has been appointed as the scrutinizer to monitor the e-voting process. Remote e-voting will commence on July 12, 2026, at 09:00 A.M. and conclude on July 14, 2026, at 05:00 P.M. The record date for determining shareholder eligibility is July 8, 2026. The facility to appoint a proxy is not available for this EGM.

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 and BSE Limited. The company noted that a previous approval for a QIP had lapsed due to market conditions, necessitating this fresh approval.

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