Hilton metal forging sets February 24, 2026 as record date for ₹279.72 crore rights issue

Hilton Metal Forging Limited has confirmed February 24, 2026 as the record date for its ₹279.72 crore rights issue, offering eligible shareholders 29 equity shares for every 60 held.

Hilton Metal Forging Limited has officially announced February 24, 2026 as the record date for its proposed rights issue, in compliance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The confirmation was communicated to both the National Stock Exchange of India and BSE on February 18, 2026.

Under the rights issue, the company plans to issue 1.68 crore equity shares with a face value of ₹10 each at an issue price of ₹16.68 per share, including a premium of ₹6.68. The issue aims to raise a total of ₹279.72 crore from existing eligible shareholders.

Shareholders holding fully paid-up equity shares as of the record date will be entitled to subscribe to 29 rights shares for every 60 shares held. The entire issue amount will be payable at the time of application.

To facilitate the rights issue, the board has approved an increase in the company’s authorised share capital from ₹55 crore to ₹85 crore. This will expand the authorised equity share base from 5.5 crore shares to 8.5 crore shares of ₹10 each, subject to shareholder approval and amendment of the Memorandum of Association.

Post the rights issue, the total outstanding equity shares of the company will increase from approximately 3.47 crore shares to about 5.15 crore shares.

The company stated that detailed terms and instructions for participation will be shared with eligible shareholders through a Letter of Offer. The rights issue committee, in consultation with the board, will oversee the final implementation process.

The disclosure was digitally signed by Yuvraj Hiralal Malhotra, Managing Director of Hilton Metal Forging Limited, and filed with the stock exchanges under applicable SEBI regulations.