Hilton Metal Rights Issue dates 6 March – 2 April 2026.
Hilton Metal Forging is an India-based iron and steel forging player, incorporated in July 2005 (converted from “M/s Hilton Forge”) and listed on BSE and NSE since May 2007. The company operates in the engineered components segment, manufacturing steel forged flanges, forged fittings, and oilfield/marine products, serving process- and infrastructure-heavy end markets such as oil & gas, refineries, and pharmaceuticals.
From a competitive positioning standpoint, it markets itself as a recognised export house and emphasises adherence to globally accepted product specifications and customer qualification requirements. Its manufacturing and QA orientation is anchored around widely used international standards and others, supporting supply into stringent applications where traceability, metallurgical consistency, and compliance documentation are critical.
Operationally, the company runs with a lean workforce (64 employees), suggesting a footprint optimised around core forging and machining workflows and outsourcing/ancillary support where economical. On the demand side, HMFL’s customer profile is meaningfully concentrated, with the top 10 customers accounting for 82% of FY25 revenues—an indicator of deep account relationships but also elevated dependency on a limited set of buyers.
Promoters of Hilton Metal – Mr. Yuvraj Hiralal Malhotra, Mrs. Diksha Yuvraj Malhotra and Ms. Yashika Yuvraj Malhotra
Table of Contents
Hilton Metal Rights Issue Details
| Hilton Metal Rights Issue Date | 6 March – 2 April 2026 (Extended) |
| Hilton Metal Rights Issue Price | INR 16.68 per share |
| Issue Size (in Shares) | 1,67,70,000 shares |
| Issue Size (in INR) | INR 27.97 crore |
| Issue Entitlement | 29 equity shares for every 60 equity share held on the record date |
| Terms of Payment | Fully payable at the time of application |
| Hilton Metal Rights Issue Record Date | 24 February 2026 |
| Face Value | INR 10 per share |
| Listing On | BSE, NSE |
Hilton Metal Rights Issue Calculation
| Hilton Metal Rights Issue Price | INR 16.68 per share |
| Market Price on Rights Issue Approval | INR 27.99 per share |
| Dilution Factor (X) | 1.48 |
| Fair Value After Dilution at Prevailing Price | INR 24.30 per share |
Hilton Metal Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 105 | 138 | 163 |
| Expenses | 91 | 123 | 153 |
| Operating Margin (%) | 14 | 11 | 6 |
| Net Income | 6 | 7 | 6 |
| ROCE (%) | 10 | 10 | 8 |
Hilton Metal Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Working capital requirements – INR 3.00 crore
- Adjustment of unsecured loans of the promoter through conversion of the outstanding loan to equity against their rights entitlement – 8 crore
- Prepayment of outstanding borrowings availed by the company from SBI – INR 10.00 crore
- General corporate purposes – INR 6.27 crore
Hilton Metal Rights Offer Documents
- Hilton Metal Rights Issue Application Form
- Hilton Metal Letter of Offer
- Board Meeting Outcome
- Hilton Metal Draft Letter of Offer
- Rights Issue in 2025
Hilton Metal Rights Issue Dates
| Rights Issue Approval Date | 4 February 2026 |
| Rights Issue Record Date | 24 February 2026 |
| Credit of Rights Entitlement | 25 February 2026 |
| Rights Issue Opening Date | 6 March 2026 |
| Last Date for Market Renunciation | 10 March 2026 |
| Rights Issue Closing Date | 2 April 2026 (Extended) |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Hilton Metal Rights Offer Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
Unit No. 9, Ground Floor, Shiv Shakti Industrial Estate, J. R. Boricha Marg, Lower Parel (East), Mumbai – 400011, Maharashtra, India
Tel: +91 22 4961 4132 / +91 22 4970 0138
Email: [email protected]
Website: www.purvashare.com
Hilton Metal Contact Details
HILTON METAL FORGING LIMITED
303, Tanishka Commercial Co-op. Society Ltd, Akurli Road, Kandivali East, Mumbai, Maharashtra, India, 400101
Tel: +022-40426565
Email: [email protected]
Website: www.hiltonmetal.com
Hilton Metal Rights Offer FAQs
What is the Hilton Metal Rights Issue Price?
The issue price is INR 16.68 per share.
What is the Hilton Metal Rights Issue entitlement ratio?
The eligible shareholders are offered 29 Equity Shares for every 60 Equity Shares held on the record date.
What is the Hilton Metal Rights Issue Record Date?
The Record date is 24 February 2026.
How to Apply in Hilton Metal Rights Offer?
The best way to apply in Hilton Metal Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
