Hilton Metal Forging Limited successfully conducted its Extraordinary General Meeting (EGM) on March 26, 2026, addressing the increase in authorized share capital through virtual participation. The meeting achieved overwhelming shareholder support with 99.64% votes in favor of the proposed resolution.

Meeting Structure and Participation

The EGM commenced at 12:00 P.M. (IST) with Chairman and Managing Director Yuvraj Malhotra presiding over the proceedings. The meeting was conducted in accordance with applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.

Board and Management Attendance

The meeting witnessed comprehensive participation from the company's leadership team. All directors attended the EGM through video conferencing from their respective locations, ensuring complete board representation during the proceedings.

Key attendees included:

• Ms. Himanshi Mota, Independent Director and Chairman of Stakeholders Relationship Committee
• Mr. Amit Pathak, Independent Director and Chairman of Audit Committee and Nomination & Remuneration Committee
• Mr. Rakesh Khajuria, Independent Director
• Mr. Suryakant Mayani, Non-Executive Non-Independent Director
• Mr. Vishal Jain, Non-Executive Non-Independent Director
• Ms. Richa Shah, Company Secretary & Compliance Officer
• Mr. Mohak Malhotra, Chief Financial Officer

Voting Results and Resolution Details

The primary business agenda focused on the increase in authorized share capital and alteration of the capital clause of the Memorandum of Association. The resolution was classified as an ordinary resolution and received overwhelming support from shareholders.

E-Voting Process and Compliance

The company implemented a comprehensive e-voting system to facilitate member participation. Ms. Shreya Shah, Practicing Company Secretary (ACS 39409/CoP No.15859), was appointed as Scrutinizer to supervise the e-voting process and provide a combined report on voting results.

The remote e-voting facility was available from March 23, 2026 at 09:00 A.M. (IST) and ended on March 25, 2026 at 5:00 P.M. (IST). Additionally, shareholders present at the EGM through video conferencing who had not cast their votes earlier were provided with e-voting facility during the meeting.

Shareholder Engagement and Conclusion

The meeting facilitated active shareholder participation, with 5 speaker shareholders raising questions during the proceedings. Chairman Yuvraj Malhotra addressed all queries, demonstrating the company's commitment to transparent communication with its stakeholder community.

The Chairman concluded the meeting by expressing appreciation and gratitude to all stakeholders for their continued trust and confidence in the company. The voting results and Scrutinizer's Report have been disclosed to stock exchanges in compliance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Hilton Metal Forging Limited has secured a significant defence contract through an interim sales agreement for the supply of 360,000 standard 155mm M107 empty bomb artillery shells. The agreement represents a major milestone in the company's strategic expansion into the defence manufacturing sector, with an approximate value of Rs. 720.00 crores. Notably, this contract value is eight times larger than the company's current market capitalization of Rs. 90 crores, highlighting the substantial scale of this business opportunity.

Contract Details and Financial Impact

The comprehensive agreement establishes a structured framework for defence supply operations with significant financial implications for the company.

The contract execution is subject to approval of sample batch and receipt of advance payment based on prototype approval. The payment structure includes rolling advance equivalent to 50% of three months' supply, with monthly invoicing payable prior to dispatch and adjusted against advances.

Regulatory Compliance and Disclosure

The company has formally notified both BSE Limited and National Stock Exchange of India Limited about this contract award in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was signed by Yuvraj Malhotra, Chairman & Managing Director, ensuring full regulatory transparency.

Strategic Positioning and Manufacturing Capabilities

This contract highlights Hilton Metal Forging Limited's strong technical capabilities and proven execution track record in critical manufacturing sectors. The company operates as a government-recognized export house with various international certifications including ISO 9001:2015, PED 2014/68/EU, and AD-2000 MERKBLATT W0.

Key operational advantages include:

• Advanced manufacturing infrastructure with state-of-the-art forging and machining facilities
• Engineering and metallurgical expertise for complex forging requirements
• Proven export excellence with established international market presence
• Scalable and diversified operations across multiple high-margin sectors
• Strong customer trust built through long-standing relationships across oil & gas, engineering, and infrastructure sectors

Management Perspective and Market Expansion

Mr. Yuvraj Malhotra, Chairman & Managing Director, emphasized the strategic significance of this development: "Hilton Metal Forging Limited, with its robust closed-die forging infrastructure, is strategically positioned to capitalize on a vast and largely untapped opportunity within the forgings segment. We are confident that this development will act as a catalyst in unlocking new avenues, strengthening our market position, and driving sustained long-term performance."

The non-exclusive nature of the agreement allows flexibility to cater to additional customers, enabling optimal capacity utilization and potential for further expansion within the defence sector. The management confirmed that no promoter has any controlling interest directly or indirectly in the awarding company, ensuring arm's length transaction terms.