Mumbai, December 23, 2025 – Engineering player Hilton Metal Forging Ltd. (HILTON.NS) has revised the timetable for its upcoming ₹31.99 crore rights issue, pushing the subscription window to January 5-12, 2026, from an earlier plan. The move, greenlit by the Board on December 22, complies with provisions under the Companies Act, 2013, SEBI (ICDR) Regulations, 2018, and related circulars, while keeping other terms intact from the December 20 approval.
The rights entitlement stands at 14 shares for every 29 held as on the record date of December 26, 2025, priced at ₹28.32 per share (including ₹23.32 premium). This could see up to 1.13 crore fresh equity shares issued, bolstering the company's war chest for working capital, capex in forging ops, and debt reduction amid robust order books in auto and oil & gas segments. FY25 revenue hit ₹142 Cr (up 12% YoY), with PAT at ₹8.5 Cr.
Revised Rights Issue Key Dates:
| Milestone | Date |
|---|---|
| Record Date | December 26, 2025 |
| Rights Issue Opens | January 5, 2026 |
| Rights Issue Closes | January 12, 2026 |
| Deemed Date of Allotment | January 13, 2026 |
| Renunciation Period | Jan 5-10, 2026 |
The Board meet kicked off at 8:30 PM and wrapped by 9:48 PM on Dec 22. Shares slipped 3.5% to ₹41.27 on December 23 (open ₹42.75, range ₹41.06-43.18, vol 1.19 lakh), reflecting discount to issue price and holiday caution, with m-cap at ₹967 Cr. Analysts see the raise as dilutive short-term but accretive long-term, targeting 20% EPS growth post-utilization. Trading window remains shut till 48 hours post-record date.
