EGM approves QIP share issuance via special resolution
HILTON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Hilton Metal Forging held an EGM on 15 July 2026 where shareholders approved a special resolution to issue and allot equity shares through Qualified Institutions Placement (QIP) under Section 62(1)(c) of the Companies Act, in one or more tranches. The resolution passed with 99.9994 percent votes in favor (about 9.86 million votes), with only 58 votes against. Total poll participation was around 19.16 percent. Promoter group is not interested in the resolution. Pricing, size and timing of the QIP are not disclosed in this filing.
QIP approval enables capital raise from institutional investors; equity dilution for existing shareholders likely, but pricing and deal size are yet to be announced.