Meeting Details
The Extraordinary General Meeting will be held on Wednesday, 15th July 2026 at 12:00 p.m. (IST) through Video Conferencing/Other Audio Visual Means. The cut-off date for determining eligible shareholders was Friday, June 19, 2026.
Proposed Resolutions and Implications
Item No. 1: To create, offer, issue and allot equity shares through Qualified Institutions Placement
- The company seeks to raise up to ₹100,00,00,000 (Rupees Hundred Crores) through QIP in one or more tranches
- Funds will be used for business activities, new projects, capital expenditure, long-term working capital, and refinancing obligations
- Equity shares will rank pari passu with existing shares
- Allotment must be completed within 365 days from resolution date
- Pricing will be at or above QIP floor price as per SEBI ICDR Regulations, with discount not exceeding 5%
- Minimum 10% allocation to mutual funds, with minimum number of allottees as per SEBI regulations
- No single allottee can receive more than 50% of QIP size
- Securities will be in dematerialized form with one-year lock-in period
- The company cannot undertake subsequent QIP until two weeks after completion of this offering
Voting Process and Methods
The company will provide remote e-voting facility through National Securities Depository Limited (NSDL). The remote e-voting period begins on Sunday, 12th July 2026 at 09:00 A.M. and ends on Tuesday, 14th July 2026 at 05:00 P.M. Members can also vote during the EGM through e-voting system.
Key Voting Information
- Record date for voting eligibility: Wednesday, 8th July 2026
- Voting rights proportional to shareholding as on cut-off date
- Members who vote remotely cannot vote again during the EGM
- Institutional shareholders must send board resolution/authorization to scrutinizer
Scrutinizer Appointment
The company has appointed Ms. Shreya Shah (ACS 39409 and COP No. 15859), Practicing Company Secretary, Mumbai, as scrutinizer to scrutinize the voting process fairly and transparently.
Compliance with Laws and Regulations
The notice complies with:
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Companies Act, 2013 and rules thereunder
- SEBI Circular SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated 3rd October 2024
- MCA General Circular nos. 09/2024 dated 19th September 2024
- SEBI ICDR Regulations, 2018
- Foreign Exchange Management Act, 1999
Signatories and Roles
Mr. Yuvraj Malhotra - Chairman and Managing Director (DIN: 00225156) signed the notice digitally on 22nd June 2026 at 17:29:53 +05'30'.
Additional Information
- Previous QIP approval from EGM held on April 21, 2025 lapsed due to non-completion within 365-day validity period
- The company's registered office: 303, Tanishka Commercial Building, Akurli Road, Kandivali(E), Mumbai – 400 101
- Registrar & Share Transfer Agent: MUFG Intime India Private Limited
- Contact email: secretarial@hiltonmetal.com