Him Teknoforge Limited has submitted its statement of deviation in fund utilisation to the Bombay Stock Exchange, reporting changes in the allocation of proceeds from its preferential issue of share warrants for the quarter ended December 31, 2025. The filing, made pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has been reviewed and approved by both the Audit Committee and Board of Directors.

Fund Raising Details

The company's fund raising particulars show a structured approach to capital mobilisation:

Deviation in Fund Allocation

The company has reported a reallocation of Rs. 100.00 lakhs between different objects of fund utilisation. The deviation involves a reduction in Capital Expenditure allocation and corresponding increase in Working Capital requirements.

Regulatory Compliance

The deviation has been structured to maintain regulatory compliance. According to the company's explanation, the deviation is within 10% of the earlier disclosed objects of the issue and was already disclosed in the shareholder notice dated August 5, 2024. The Audit Committee has reviewed the deviation and provided no additional comments, indicating acceptance of the reallocation.

Fund Utilisation Status

As of December 31, 2025, Him Teknoforge Limited has utilised Rs. 1,740.38 lakhs from the total available funds. This amount includes Rs. 717.15 lakhs received as application money towards subscription to share warrants and additional funds received during the period. The utilisation demonstrates active deployment of raised capital across the company's operational requirements.

The filing was signed by Himanshu Kalra, Company Secretary & Compliance Officer, and Rajiv Aggarwal, Joint Managing Director, confirming the accuracy of the reported information and the company's commitment to transparent disclosure practices.

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.