Him Teknoforge Limited , an MSME-classified company, has announced plans to set up a new forging plant in Pithampur, Madhya Pradesh. The company's Board of Directors made this decision during a meeting held on September 20, 2025, revising their earlier plan to establish the plant through a subsidiary.

Project Details

The proposed project involves a capital expenditure of Rs. 51.75 crores and will focus on manufacturing forged automotive parts for both domestic and international markets, including Europe and the USA. The new plant is expected to be operational by the first or second quarter of 2026.

Capacity and Utilization

Him Teknoforge currently has an existing capacity of 9,300 MT with a utilization rate of 70-75%. The new plant will add a proposed capacity of 14,400 MT. However, 40% of this new capacity will replace existing capacity due to technology upgradation.

Capacity Overview

Financing

The company plans to finance this expansion through a mix of internal accruals, debt, and equity capital.

Strategic Rationale

The establishment of this new plant aligns with Him Teknoforge's strategy for:

• Capacity enhancement
• Technology upgradation
• Strengthening position in domestic and international markets

The focus will be on manufacturing different types of forged and machined automotive parts.

Revised Plans

This announcement marks a change from the company's earlier intimation on November 27, 2024, which had stated that the plant would be set up through its subsidiary, HimForge Rings LLP. The decision to establish the plant directly under Him Teknoforge Limited comes as the company now falls under the definition of an MSME.

The move demonstrates Him Teknoforge's commitment to expanding its production capabilities and enhancing its technological infrastructure in the automotive components sector.

Him Teknoforge Limited , a prominent player in the auto components and engineering goods sector, has announced significant leadership changes and financial decisions following its recent board meeting. The company's board has approved several key appointments and a dividend recommendation, signaling confidence in its future direction.

Leadership Re-appointments

The board of directors has approved the re-appointment of two key executives:

1. Mr. Vijay Aggarwal has been re-appointed as Managing Director for a three-year term starting January 31, 2026. Mr. Aggarwal, a founding director of Him Teknoforge, brings approximately 50 years of rich experience in the auto components and engineering goods industry.

2. Mr. Rajiv Aggarwal has been re-appointed as Joint Managing Director for a three-year term beginning August 14, 2026. With over 46 years of experience, including 13 years in chartered accountancy practice and 33 years in various corporate roles, Mr. Rajiv Aggarwal's expertise spans corporate finance, legal affairs, operations, marketing, and general management in the auto industry.

Both re-appointments are subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Continuation of Independent Director

The board has also approved the continuation of Mr. K. N. Gupta as an Independent Director beyond the age of 75 years until his current term expires on September 27, 2026. Mr. Gupta, who will turn 75 in March 2026, holds a Diploma from Indo-Swiss Training Centre, Chandigarh, a B.Sc. in Engineering, and an MBA from Camden University, USA. He brings over 43 years of diverse experience in the automotive and engineering industries.

Dividend Recommendation

In a move that will interest shareholders, the board has recommended a dividend of ₹0.50 per equity share with a face value of ₹2.00 for the financial year 2024-2025. The record date for dividend entitlement has been set for Wednesday, August 20, 2025.

Additional Corporate Actions

The company has also announced several other important decisions:

• Appointment of M/s. Ruchita Patel & Associates as Secretarial Auditors for a term of five consecutive financial years starting from FY 2025-26.
• The 54th Annual General Meeting is scheduled for Wednesday, August 27, 2025, at 11:00 a.m. at the company's registered office.
• The Register of Members and Share Transfer Book will remain closed from August 21, 2025, to August 27, 2025 (both days inclusive).
• E-voting for shareholders will be available from August 24, 2025 (9:00 a.m.) to August 26, 2025 (5:00 p.m.).

These developments underscore Him Teknoforge's commitment to maintaining strong leadership and corporate governance while rewarding its shareholders. The re-appointment of experienced directors and the dividend announcement reflect the company's stability and positive outlook in the competitive auto components and engineering goods sector.