With reference to captioned subject and in furtherance of Rights Issue of the Company, this is to inform that in terms of the Letter of Offer dated February 28, 2026 and in accordance with the Basis of Allotment finalized in consultation with NSE (Designated Stock Exchange) and the Registrar to the Issue on today, April 6, 2026, the Board of Directors of the Company has, at its meeting held on today, i.e., April 6, 2026, approved the allotment of 1,67,70,000 Rights Equity Shares of face value of ₹10/- each on Rights Basis to the Eligible Equity Shareholders at an issue price of ₹16.68/- per Rights Equity Share including a share premium of ₹6.68/- per Rights Equity Share
HILTON · price
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Hilton Metal Forging Limited has allotted 1,67,70,000 (1.677 crore) Rights Equity Shares to eligible shareholders at ₹16.68 per share, which includes a face value of ₹10 and a premium of ₹6.68 per share. The total capital raised through this rights issue is approximately ₹27.98 crore. As a result, the company's paid-up equity share capital has increased from ₹34.70 crore (3.47 crore shares) to ₹51.47 crore (5.15 crore shares), representing a ~48% increase in share count. The Board approved the allotment on April 6, 2026, based on the Letter of Offer dated February 28, 2026.
Existing shareholders who did not subscribe to the rights issue will see their stake diluted by approximately one-third. The company has successfully raised ~₹28 crore in fresh capital, which could be used for business expansion, working capital, or debt reduction (though the specific purpose is not disclosed in this filing).