Hilton Metal Forging Limited Approves Equity Issue via Qualified Institutional Placement
The Board of Directors of Hilton Metal Forging Limited approved plans to create, offer, issue, and allot equity shares through a Qualified Institutional Placement (QIP). This decision was made during the Board Meeting held on June 18, 2026.Under the approval granted by the Board, the company may raise an aggregate amount not exceeding ₹100,00,00,000 for the issuance of these securities through QIP, subject to applicable laws.
The details regarding the proposed issuance are as follows:
| Particulars | Description |
|---|---|
| Type of securities | Equity Shares with a face value of Rs. 10/- each |
| Issuance type | Qualified Institutional Placement (QIP) |
| Issue Size | Not exceeding ₹100,00,00,000 (Rupees Hundred Crores only) |
| Listing Stock Exchanges | National Stock Exchange of India Limited (NSE), BSE Limited (BSE) |
To gain shareholder approval for the QIP proposal, a notice was approved for an Extra Ordinary General Meeting. This meeting is slated to be convened on July 13, 2026, and will utilize VC/OAVM for availing necessary approval. Furthermore, Ms. Shreya Shah, a Practicing Company Secretary based in Mumbai, has been appointed as the Scrutinizer to monitor the entire e-voting process.
The Board meeting concerning these business matters commenced at 5:00 P.M. and concluded at 5:50 P.M. The board approved other general business matters with permission from the directors.
HILTON Stock Price Movement
Today, Hilton Metal Forging Limited shares edged higher, closing at ₹22.62 after a strong performance that saw them climb 4.97%. The equity settled with a trading volume of 257,270 shares, reflecting the stock’s gain of ₹1.07 on the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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