Him Teknoforge Limited , a player in the manufacturing sector, has completed its strategic exit from Himforge Rings LLP, with the subsidiary officially ceasing operations on December 29, 2025. The company had previously announced its Q2 FY26 financial results and initial plans for this corporate restructuring.

Subsidiary Cessation Completed

The company has formally notified the Bombay Stock Exchange under Regulation 30 of SEBI (LODR) Regulations, 2015, confirming the cessation of Himforge Rings LLP as its subsidiary. The process, which began with board approval in November 2025, reached completion following partner consent.

The partners of Himforge Rings LLP, in their meeting held on December 29, 2025, approved two key resolutions: the cessation of Him Teknoforge Limited as a partner and the removal of Mr. Vijay Aggarwal, the company's nominee, from the LLP.

Financial Performance Context

Prior to this corporate action, the company reported its Q2 FY26 financial results, showing mixed performance compared to the previous year:

The company experienced a revenue decline in both quarterly and half-yearly periods, with Q2 FY26 revenue at ₹1,071.08 lakhs compared to ₹1,097.04 lakhs in Q2 FY25. Net profit showed a more significant decrease, dropping to ₹428.06 lakhs from ₹975.80 lakhs in the corresponding quarter.

Corporate Restructuring Details

The exit process involved the voluntary relinquishment of partnership interest with mutual consent of all LLP partners. Notably, Him Teknoforge had not made any capital contribution to Himforge Rings LLP since its incorporation, which explains the nil financial impact of the cessation.

The company is undertaking necessary filings with the Registrar of Companies in accordance with the Limited Liability Partnership Act, 2008. This corporate action represents a strategic decision to streamline operations and focus on core manufacturing activities.

Consequent to this development, Himforge Rings LLP has ceased to be a subsidiary within the meaning of Section 2(87) of the Companies Act, 2013, marking the completion of the restructuring process that began with board approval in November 2025.

Him Teknoforge Limited , a prominent player in the forging industry, has announced a significant step towards technological advancement and global competitiveness. The company has executed a Technical Collaboration Agreement with two Chinese entities, JIUXIN Precision Tooling Corp. and YIYOU Machinery Co., Ltd., both incorporated in the Republic of China.

Scope of Collaboration

The agreement focuses on sharing technical know-how in the design, inspection, and troubleshooting of Bevel Gears. A key objective of this collaboration is to optimize die-making costs through technological support and knowledge-sharing. Under the terms of the agreement, YIYOU Machinery, acting as the authorized representative of JIUXIN Precision Tooling Corp., will assist Him Teknoforge in several areas:

1. Selecting suitable presses and equipment
2. Developing optimized forging solutions
3. Supplying cost-effective dies, tools, and tooling solutions

Knowledge Transfer and Training

The collaboration places a strong emphasis on knowledge transfer and skill development. Key aspects of the training provisions include:

• YIYOU Machinery will provide training to Him Teknoforge personnel
• Qualified technical experts from YIYOU will be deputed to Him Teknoforge for 4-6 months annually
• Him Teknoforge's nominated personnel will receive hands-on training at YIYOU's facilities in China for a minimum of three weeks

Expected Benefits

Him Teknoforge Limited anticipates several benefits from this strategic collaboration:

1. Advancement of bevel gear design and manufacturing capabilities
2. Access to advanced forging technologies
3. Improved product quality
4. Enhanced process efficiency

Financial Considerations

While the specific financial details of the agreement have not been disclosed, the company has indicated that there are deputation commitments for which Him Teknoforge will bear the costs. The collaboration is expected to lead to optimized die-making costs, potentially improving the company's operational efficiency and competitiveness in the long run.

Strategic Importance

This technical collaboration represents a significant move for Him Teknoforge Limited in its quest to enhance its technological capabilities and global competitiveness. By partnering with established Chinese firms in the precision tooling sector, the company is positioning itself to leverage international expertise and potentially expand its market presence.

As the forging industry continues to evolve with advancing technologies, such collaborations could prove crucial in maintaining a competitive edge and meeting the increasingly sophisticated demands of various sectors that rely on high-precision components.