Him teknoforge Limited has announced the allotment of 8,59,600 equity shares through warrant conversion on March 14, 2026. The Board of Directors approved this allotment via circular resolution, following the exercise of conversion rights by warrant holders who paid the requisite consideration amount.

Warrant Conversion Details

The allotment involved three entities converting their warrants at an exercise price of Rs. 131.25 per warrant, representing 75% of the original warrant issue price. The equity shares carry a face value of Rs. 2 each and have been issued as fully paid-up shares.

Share Capital Impact

The warrant conversion has resulted in a significant increase in the company's paid-up equity share capital. The allotted shares will rank pari-passu with existing equity shares in all respects.

Regulatory Compliance

The allotment was conducted in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows the company's earlier intimation dated September 17, 2024, regarding the original warrant allotment of 16,39,200 convertible warrants. The newly allotted equity shares will be subject to lock-in provisions as specified under Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The conversion represents a continuation of the company's capital raising initiative, with the total consideration of Rs. 11,28,22,500 strengthening the company's financial position. The preferential allotment basis ensures that the new shares maintain equal rights and privileges as the existing equity shares of Him Teknoforge Limited.

Him Teknoforge Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, following a board meeting held on January 30, 2026. The company delivered strong performance with significant growth across key financial metrics compared to the corresponding period last year.

Financial Performance Highlights

The company reported robust revenue growth for the third quarter, with total income reaching ₹10,862.53 lakhs compared to ₹8,875.73 lakhs in the same quarter last year. Revenue from operations stood at ₹10,857.76 lakhs, marking a substantial 23.47% year-on-year increase from ₹8,793.32 lakhs.

Nine-Month Performance

For the nine months ended December 31, 2025, Him Teknoforge maintained strong momentum with revenue from operations reaching ₹31,568.31 lakhs compared to ₹29,636.97 lakhs in the previous year. Net profit for the nine-month period stood at ₹882.60 lakhs, representing a 56.76% increase from ₹563.07 lakhs in the corresponding period.

Board Decisions and Corporate Actions

The board meeting, which commenced at 4:30 PM and concluded at 5:07 PM, addressed several key agenda items beyond financial results approval. The board re-appointed Vijay Aggarwal as Managing Director for a three-year term effective January 31, 2026. Additionally, S.K. Jain & Co was re-appointed as Cost Auditor for FY 2026-27 in compliance with Section 148 of the Companies Act, 2013.

Fund Utilization and Corporate Changes

The company reported fund utilization of ₹1,740.38 lakhs from the ₹2,868.60 lakhs raised through various issues. During the current quarter, Him Teknoforge exited from its subsidiary Himforge Rings LLP, with the cessation approved on December 29, 2025. The company also holds a 40% stake in Dinamico Axles & Drive Wheels Private Limited as an associate company, though the paid-up share capital transfer is pending.

The financial results were prepared in accordance with Indian Accounting Standards and reviewed by PRA Associates, Chartered Accountants, who provided an unqualified limited review report.