Hilton Metal Forging Limited has announced an extension of its rights issue closing date, providing shareholders additional time to participate in the equity offering. The company's Board of Directors made this decision during their meeting held on March 13, 2026.

Rights Issue Timeline Revision

The company has modified its rights issue schedule, extending the closing date by approximately three weeks. The revised timeline maintains the original opening date while providing shareholders with an extended subscription period.

Rights Entitlements Trading Status

The company has clarified an important aspect regarding Rights Entitlements (REs) trading on stock exchanges. Despite the extension of the issue closing date, trading in Rights Entitlements has already been suspended according to the original schedule. The company emphasized that there will be no extension of the trading period for Rights Entitlements following the issue closing date extension.

Issue Details and Compliance

The rights issue involves 1,67,70,000 equity shares of Hilton Metal Forging Limited. The extension decision was referenced in connection with the Letter of Offer dated February 28, 2026, and follows the outcome of the Board Meeting held on the same date.

The company has confirmed that all other terms and conditions of the rights issue, as disclosed in the Letter of Offer, remain unchanged. This announcement has been made in accordance with applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Corporate Information

Hilton Metal Forging Limited operates as a government-recognized export house in the metal forging sector. The company is incorporated under CIN L-28900 MH 2005 PLC 154986, with its registered office located in Mumbai. The announcement was signed by Managing Director Yuvraj Hiralal Malhotra on March 13, 2026.

Hilton Metal Forging Limited has officially confirmed the record date for its previously announced rights issue, following regulatory compliance under Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company communicated the record date confirmation to both National Stock Exchange of India Limited and BSE Limited on February 18, 2026.

Rights Issue Structure and Timeline

The board had earlier approved the issuance of 1,67,70,000 rights equity shares with a face value of Rs. 10.00 each. The shares will be offered at an issue price of Rs. 16.68 per equity share, which includes a premium of Rs. 6.68 over the face value. This rights issue is expected to raise a total amount of Rs. 27,97,23,594 from eligible equity shareholders.

Shareholder Entitlement and Eligibility

The company has confirmed an entitlement ratio of 29 rights equity shares for every 60 fully paid-up equity shares held by eligible shareholders. The record date for determining eligibility has been officially set for Tuesday, February 24, 2026. Shareholders holding equity shares on this date will be entitled to participate in the rights issue.

Authorized Capital Enhancement

To accommodate the rights issue, the board approved increasing the company's authorized share capital from Rs. 55,00,00,000 to Rs. 85,00,00,000. This increase will expand the total number of authorized equity shares from 5,50,00,000 to 8,50,00,000 shares, each with a face value of Rs. 10.00. However, this capital increase requires approval from the company's shareholders and will involve consequent alteration of Clause V of the Memorandum of Association.

Regulatory Compliance and Communication

The rights issue requires full payment on application by eligible equity shareholders. The company will send detailed terms and procedures through a Letter of Offer to all eligible equity shareholders holding shares as on the record date. The rights issue committee will work in consultation with the board to finalize the implementation details.

The official communication was digitally signed by Yuvraj Hiralal Malhotra, Managing Director of Hilton Metal Forging Limited, and submitted to both exchanges as per regulatory requirements under Regulation 30 and Regulation 42 of SEBI regulations.