EGM on July 15, 2026 to approve QIP fundraise of up to Rs 100 Crores
HILTON · price
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Hilton Metal Forging has called an EGM on July 15, 2026 via video conference to seek shareholder approval for raising up to Rs 100 Crores through a Qualified Institutional Placement (QIP) of equity shares to institutional investors. Funds are intended for business growth, capex, working capital, and repayment obligations. A prior QIP approval from an April 2025 EGM lapsed without execution due to market conditions, prompting this fresh approval. Cut-off date for e-voting is July 8, 2026.
Potential equity dilution for existing shareholders. QIP pricing subject to SEBI floor price formula with up to 5 percent discount. Enables fundraise for growth.