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.

Hilton Metal Forging Limited has released its unaudited financial results for the third quarter of FY26, ended December 31, 2025, revealing a mixed performance with sequential decline but year-over-year improvement. The Board of Directors approved these results during their meeting held on February 14, 2026.

Financial Performance Overview

The company's Q3 FY26 results demonstrate contrasting trends when compared across different periods. While sequential performance showed decline, year-over-year metrics indicated substantial growth.

Operational Metrics and Cost Structure

The company's cost structure revealed significant variations during the quarter. Cost of raw materials and components consumed stood at ₹6512.37 lacs, representing 93.2% of total revenue, compared to 94.7% in the previous quarter. This improvement in raw material cost efficiency was offset by other operational factors.

Key Expense Categories

• Employee Benefit Expenses: ₹100.26 lacs (up from ₹83.29 lacs in Q2 FY26)
• Finance Costs: ₹186.93 lacs (increased from ₹152.07 lacs sequentially)
• Depreciation and Amortisation: ₹55.36 lacs (marginally down from ₹56.21 lacs)
• Other Expenses: ₹186.80 lacs (decreased from ₹217.36 lacs in previous quarter)

Nine-Month Performance Analysis

The cumulative performance for the nine months ended December 31, 2025, showcased strong year-over-year growth across key parameters.

Tax Position and Capital Structure

The company reported a net tax benefit of ₹4.37 lacs in Q3 FY26, primarily due to MAT entitlement adjustments and deferred tax benefits. The paid-up share capital remained stable at ₹2340.00 lacs with a face value of ₹10.00 per equity share.

Business Operations and Segment Information

Hilton Metal Forging operates as a government-recognized export house, specializing in manufacturing forging components including flanges and forged fittings. The management reviews the company's performance as a single operating segment in accordance with Ind AS 108. The company maintains no subsidiaries, joint ventures, or associates as of December 31, 2025.

Regulatory Compliance and Audit

The financial results were subject to limited review by statutory auditors Anil Bansal & Associates, Chartered Accountants. The results comply with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013, and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.