Hilton Metal Forging re-appoints CMD Yuvraj Malhotra for three years

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

Resolution	Details
CMD Re-appointment	Yuvraj Malhotra re-appointed as Chairman and Managing Director for 3 years from July 22, 2026.
Cost Auditor	M/s V. J. Talati & Co. appointed as Cost Auditor for FY 2026-27.
Director Continuation	Suryakant Mayani approved to continue as Non-Executive, Non-Independent Director after turning 75.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.02%	-4.31%	-21.13%	-44.54%	-70.27%	+82.65%

Hilton Metal Forging Limited reported its audited financial results for the quarter and year ended March 31, 2026, on May 29, 2026. The company recorded a total income of ₹23,201.10 lakh for the financial year, a rise from ₹16,822.35 lakh in the previous year. Profit after tax for the year stood at ₹344.61 lakh, compared to ₹617.63 lakh in FY25. The board approved the standalone financial results along with the Auditor's Report, which carried an unmodified opinion.

Financial Performance

Revenue from operations for FY26 reached ₹23,037.41 lakh, up from ₹16,304.73 lakh in the previous year. For the quarter ended March 31, 2026, revenue from operations was ₹5,084.00 lakh, while profit after tax for the quarter was ₹14.06 lakh. Total expenses for the year increased to ₹22,831.83 lakh from ₹16,212.58 lakh in the prior year.

Metric	FY26 (₹ in Lacs)	FY25 (₹ in Lacs)
Total Income	23,201.10	16,822.35
Revenue from Operations	23,037.41	16,304.73
Total Expenses	22,831.83	16,212.58
Profit Before Tax	369.27	609.77
Profit After Tax	344.61	617.63

Capital and Segment Details

During the year, the company allotted 11,296,551 equity shares of ₹10 each on a rights basis at an issue price of ₹28.32 per share. Paid-up share capital increased to ₹3,469.66 lakh as of March 31, 2026. The company manufactures forging components such as flanges and forged fittings and operates as a single operating segment in accordance with Ind AS 108.

Auditor and Board Declaration

M/s. Anil Bansal & Associates, Statutory Auditors, issued the audit report. Yuvraj Hiralal Malhotra, Chairman & Managing Director, declared that the auditors have issued an audit report with an unmodified opinion on the financial statements for the year ended March 31, 2026.