Hilton Metal Forging Limited announced today, February 4, 2026, that its Board of Directors has approved a Rights Issue for raising funds up to ₹28 crore. The funds will be raised through the issuance and allotment of equity shares with a face value of ₹10 each. The specific terms of the Rights Issue, including the issue price, rights entitlement ratio, record date, and payment terms, will be determined by the Board in due course, subject to applicable regulatory and statutory approvals. The company also approved the appointment of intermediaries for the Rights Issue and the draft Letter of Offer. The board meeting commenced at 05:00 PM and concluded at 06:00 PM.
