Hilton Metal Forging Limited has informed the Exchange that Board of Directors at its meeting held on February 18, 2026, has decided to issue equity shares on rights basis in the ratio of 29 : 60, i.e 29 Equity Shares for every 60 Equity Shares held. Issue Price is Rs. 1668 per share.
HILTON · price
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The Board of Directors of Hilton Metal Forging Limited, at a meeting held on February 18, 2026, approved a rights issue of equity shares. Shareholders will be offered 29 equity shares for every 60 shares held on the record date. The issue price has been fixed at Rs. 1,668 per share. The ratio and pricing suggest the company is looking to raise fresh capital from existing shareholders. The announcement does not mention the total amount being raised or the purpose of the issue.
For existing shareholders, this is a dilutive event — they will need to invest additional capital to maintain their stake. The high issue price relative to typical market prices may indicate a deeply negative market valuation, making the rights issue unattractive. Share price could see downward pressure ex-rights.