StockWatch
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Castings & Forgings
Board Meeting18 Jun 2026, 06:20 pm

Hilton Metal Forging Plans ₹100 Cr QIP

AI Summary

Hilton Metal Forging Ltd's Board of Directors has approved a Qualified Institutional Placement (QIP) to raise up to ₹100 Crores. The funds will be raised through the issuance of equity shares in one or more tranches. The company will convene an Extra-Ordinary General Meeting (EGM) on July 13, 2026, to seek shareholder approval for this fundraising plan. Ms. Shreya Shah has been appointed as the Scrutinizer for the e-voting process. The decision is subject to shareholder and regulatory approvals. The trading window for designated persons will remain closed for 48 hours post-meeting.

Key Highlights

  • Board approves Qualified Institutional Placement (QIP) to raise up to ₹100 Crores.
  • Equity shares to be issued in one or more tranches.
  • Extra-Ordinary General Meeting scheduled for July 13, 2026, for shareholder approval.
  • Scrutinizer appointed for e-voting process.
  • Fundraising subject to shareholder and regulatory approvals.