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Hilton Metal Forging to Raise Rs 32 Crore via Rights Issue at Rs 28.32 per Share
Hilton Metal Forging Limited has announced a rights issue to raise approximately Rs 31.99 crore. The company will issue 1.13 crore equity shares at a price of Rs 28.32 per share to existing shareholders. The entitlement ratio is fixed at 14:29, meaning 14 new shares for every 29 shares held as of the record date, December 26, 2025. This capital infusion will increase the total outstanding shares by approximately 48% upon full subscription.
Key Highlights
Rights issue ratio set at 14 equity shares for every 29 shares held by eligible shareholders.
Issue price fixed at Rs 28.32 per share, aiming to raise a total of Rs 31,99,18,324.
Record date for eligibility is December 26, 2025, with the issue opening on January 5, 2026.
The rights issue closing date is revised to January 12, 2026, with renunciation ending January 9.
Total equity base to expand from 2.34 crore shares to 3.47 crore shares post-issue.
💼 Action for Investors
Investors should compare the issue price of Rs 28.32 with the current market price to decide on subscribing or renouncing their rights before the January 9 deadline.
Hilton Metal Forging Announces ₹31.99 Cr Rights Issue at ₹28.32 per Share; Ratio 14:29
Hilton Metal Forging Limited has approved a Rights Issue to raise approximately ₹31.99 crore by issuing 1,12,96,551 equity shares. The issue is priced at ₹28.32 per share, which represents the total cost including premium for eligible shareholders. The board has set the entitlement ratio at 14 shares for every 29 shares held as of the record date, December 26, 2025. The subscription period will run from January 5 to January 11, 2026, with the on-market renunciation period ending on January 8, 2026.
Key Highlights
Total issue size of ₹31,99,18,324.32 through the issuance of 1,12,96,551 equity shares.
Rights entitlement ratio fixed at 14:29 (14 new shares for every 29 held).
Issue price set at ₹28.32 per share with the record date fixed for December 26, 2025.
Rights issue period scheduled from January 5, 2026, to January 11, 2026.
Total outstanding shares to increase from 2.34 crore to 3.47 crore post-issue, assuming full subscription.
💼 Action for Investors
Investors should compare the rights issue price of ₹28.32 with the current market price to determine the attractiveness of the offer. Those wishing to participate must ensure they hold shares by the record date of December 26, 2025.
Hilton Metal Forging to Raise ₹32 Cr via Rights Issue at ₹28.32; Record Date Dec 26
Hilton Metal Forging has finalized a Rights Issue to raise ₹31.99 crore by issuing 1,12,96,551 equity shares. The issue price is set at ₹28.32 per share with an entitlement ratio of 14:29. The record date to determine eligible shareholders is December 26, 2025. The subscription period will run from January 5 to January 11, 2026, potentially increasing the total share count from 2.34 crore to 3.47 crore.
Key Highlights
Total issue size of ₹31.99 crore at a fixed price of ₹28.32 per share
Entitlement ratio of 14 rights equity shares for every 29 shares held
Record date for eligibility is December 26, 2025; issue opens January 5, 2026
Post-issue equity capital to increase by approximately 48% assuming full subscription
On-market renunciation period ends on January 8, 2026
💼 Action for Investors
Existing shareholders should compare the ₹28.32 issue price with the current market price to determine if they should subscribe or renounce their rights. Ensure shares are in the demat account before the December 26 record date to be eligible.
Hilton Metal Forging to Raise ₹31.99 Cr via Rights Issue at ₹28.32 per Share
Hilton Metal Forging Limited has finalized the terms for a Rights Issue to raise approximately ₹31.99 crore. The company will issue 1,12,96,551 equity shares at a price of ₹28.32 per share. The rights entitlement ratio is fixed at 14:29, meaning eligible shareholders will receive 14 shares for every 29 held as of the record date, December 26, 2025. The issue is scheduled to open on January 05, 2026, and close on January 11, 2026.
Key Highlights
Total fundraise of ₹31.99 crore through the issuance of 1.13 crore equity shares.
Issue price set at ₹28.32 per share with a rights ratio of 14:29.
Record date for determining eligibility is Friday, December 26, 2025.
Post-issue share capital will increase from 2.34 crore to 3.47 crore shares, assuming full subscription.
Rights issue period is set from January 05, 2026, to January 11, 2026.
💼 Action for Investors
Investors should monitor the stock price relative to the ₹28.32 issue price; if the market price is higher, they should consider subscribing or selling their rights entitlements to avoid value dilution. Ensure shares are held before the December 26 record date to be eligible.
Hilton Metal Forging Announces ₹31.99 Cr Rights Issue at ₹28.32 per Share; Ratio 14:29
Hilton Metal Forging Limited has approved a rights issue to raise approximately ₹31.99 crore by issuing 1,12,96,551 equity shares. The issue is priced at ₹28.32 per share, representing a specific entitlement ratio of 14 shares for every 29 shares held as of the record date, December 26, 2025. This move will expand the company's equity base from 2.34 crore to 3.47 crore shares, assuming full subscription. The subscription window is scheduled to open on January 5, 2026, and close on January 11, 2026.
Key Highlights
Rights issue size of ₹31.99 crore involving 1,12,96,551 new equity shares
Issue price fixed at ₹28.32 per share with an entitlement ratio of 14:29
Record date for eligibility is December 26, 2025; Issue opens January 5, 2026
Total equity base to increase by approximately 48% post-issue completion
On-market renunciation period for rights entitlements ends on January 8, 2026
💼 Action for Investors
Existing shareholders should evaluate the issue price against the current market price to decide whether to subscribe or renounce their rights. Those not intending to participate should sell their rights entitlements during the renunciation period to mitigate the impact of equity dilution.
Rolta India Overhauls Board; Appoints New Directors Under Ashdan Properties Resolution Plan
Rolta India has reconstituted its board following the NCLT's approval of the resolution plan by Ashdan Properties Private Limited on December 15, 2025. The company appointed Yuvraj Goenka, Deepak Chauhan, and Nagamallesh Gattu as new directors to form an Interim Board. Concurrently, the former Managing Director Kamal Krishan Singh and Executive Director Rangarajan Sundaram have stepped down effective December 18, 2025. This management shift is a pivotal part of the Corporate Insolvency Resolution Process (CIRP) aimed at reviving the company under new leadership.
Key Highlights
NCLT Mumbai approved the resolution plan by Ashdan Properties on Dec 15, 2025.
Three new non-executive directors appointed to the Interim Board effective Dec 20, 2025.
Cessation of MD Kamal Krishan Singh and ED Rangarajan Sundaram effective Dec 18, 2025.
The Interim Board will act under the Monitoring Committee's instructions until the Transfer Date.
💼 Action for Investors
Investors should exercise caution as the resolution plan implementation may involve significant equity restructuring or dilution. Monitor further disclosures regarding the 'Transfer Date' and the final operational strategy under the new management.
ED Conducts Searches at Jai Corp Corporate Office and Residences of Top Management
The Enforcement Directorate (ED) conducted a search operation at Jai Corp's Mumbai corporate office on December 19, 2025, lasting over 14 hours from 09:28 to 23:50. Simultaneously, officials visited the residences of the company's top leadership, including the Chairman, Vice-Chairman, and Managing Director. While the company has stated it is cooperating with the agency, the specific reasons for the investigation remain undisclosed. This development introduces significant regulatory risk and potential governance concerns for shareholders.
Key Highlights
ED officials conducted a search at the Mumbai corporate office for approximately 14 hours on December 19, 2025.
Residences of Chairman Anand Jain, Vice-Chairman Virendra Jain, and MD Gaurav Jain were included in the search operation.
The company officially confirmed the visit in a statement to the stock exchanges on December 20, 2025.
Jai Corp has stated it is extending all cooperation to the Enforcement Directorate during this process.
💼 Action for Investors
Investors should exercise caution and monitor for further disclosures regarding the nature of the ED investigation. Such regulatory actions against top management often lead to short-term price volatility and heightened reputational risk.
UltraTech Cement Faces GST Demand and Penalty of Rs 782 Crore
UltraTech Cement has received an order from the GST Authority in Patna involving a substantial tax demand for the period 2018-19 to 2022-23. The order includes a tax liability of approximately Rs 391 crore and an equivalent penalty of Rs 391 crore, totaling over Rs 782 crore plus interest. The allegations pertain to short payment of GST and improper utilization of Input Tax Credit. The company has stated it will contest the demand through legal channels and does not expect an immediate impact on operations.
Key Highlights
Tax liability demand of Rs 3,90,95,58,194 (approx Rs 391 crore) upheld by GST authorities.
Penalty imposed of Rs 3,90,95,58,194 (approx Rs 391 crore) in addition to the tax demand.
Total financial implication exceeds Rs 782 crore excluding applicable interest on the tax demand.
Issues relate to alleged short payment of GST and improper ITC utilization between FY19 and FY23.
Company is reviewing legal options and intends to contest the order in its entirety.
💼 Action for Investors
Investors should monitor the progress of the legal appeal as the demand amount is significant, though such tax disputes are common in the industry. No immediate sell-off is warranted as the company intends to challenge the order.
Maha Rashtra Apex Corp Files Draft Letter of Offer for Proposed Rights Issue
Maha Rashtra Apex Corporation Limited has officially filed the Draft Letter of Offer (DLOF) with BSE and NSE for its proposed Rights Issue. This follows the Board's approval for fundraising granted on December 18, 2025. The company is currently seeking in-principle listing approval and regulatory comments on the draft document. While the specific issue size and pricing details are yet to be finalized in the public domain, this filing marks a formal step in the capital-raising process.
Key Highlights
Filed Draft Letter of Offer (DLOF) dated December 19, 2025, with BSE and NSE.
Seeking in-principle listing approval for the proposed Rights Issue of equity shares.
The filing follows the Board of Directors' fundraising approval from December 18, 2025.
The Right Issue Committee has formally approved the DLOF for submission to regulators.
💼 Action for Investors
Investors should monitor upcoming announcements for the rights entitlement ratio, issue price, and record date to assess potential dilution. Review the final Letter of Offer to understand how the company intends to utilize the raised capital.
Ravindra Energy Appoints Ex-IAS Apurva Chandra as Director; Reallocates ₹5.50 Cr for Renewables
Ravindra Energy's board has appointed Mr. Apurva Chandra, a former senior IAS officer with 36 years of experience, as an Independent Director for a five-year term. The company is accelerating its renewable energy push by approving the incorporation of new wholly-owned subsidiaries as SPVs. Regarding the ₹180 crore raised via preferential issue, the board reallocated ₹5.50 crore from the Electric Vehicle business to the Renewable Energy segment. As of September 30, 2025, the company has successfully utilized ₹171.99 crore of the total funds raised.
Key Highlights
Appointment of Mr. Apurva Chandra (ex-IAS, IIT Delhi alumnus) as Independent Director for a 5-year term starting Nov 5, 2025.
Reallocation of ₹5.50 crore from EV business (revised to ₹54.50 Cr) to Renewable Energy business (revised to ₹95.50 Cr).
Total funds raised through preferential issue of ₹180 crore, with ₹171.99 crore already utilized as of Q2 FY26.
Board approval for incorporating new wholly-owned subsidiaries to act as SPVs for renewable energy projects.
Approval of Unaudited Standalone and Consolidated Financial Results for the quarter ended September 30, 2025.
💼 Action for Investors
Investors should view the addition of a high-profile former bureaucrat to the board as a positive step for governance and regulatory expertise. Monitor the progress of the newly formed SPVs in the renewable energy sector as the company shifts more capital toward this segment.
NIIT Ltd Receives NCLT Order Dispensing Meetings for Merger of Two Subsidiaries
NIIT Limited has received a favorable order from the NCLT Chandigarh Bench regarding the merger of its subsidiaries, NIIT Institute of Finance Banking and Insurance Training Limited and RPS Consulting Private Limited, into the parent company. The NCLT has dispensed with the requirement for meetings of equity shareholders and creditors, which significantly accelerates the amalgamation timeline. This follows the initial application filed on October 27, 2025, and marks a key procedural milestone. The merger is intended to streamline the corporate structure and integrate specialized training and consulting services directly into NIIT Limited.
Key Highlights
NCLT Chandigarh Bench issued an order on December 18, 2025, dispensing with shareholder and creditor meetings.
The scheme involves merging NIIT Institute of Finance Banking and Insurance Training Ltd and RPS Consulting Pvt Ltd into NIIT Ltd.
The formal application for the amalgamation was previously submitted to the NCLT on October 27, 2025.
The move aims to simplify the organizational structure and reduce administrative overhead for the group.
💼 Action for Investors
Investors should view this as a positive regulatory step that fast-tracks corporate restructuring. Monitor for the final NCLT approval and the subsequent impact on operational margins due to consolidated efficiencies.
Indiabulls Ltd to Alter MOA to Align with Core Investment Company (CIC) Regulations
Indiabulls Limited, formerly known as Yaari Digital Integrated Services Limited, has approved a significant alteration to its Memorandum of Association (MOA). The Board of Directors met on December 19, 2025, to replace existing sub-clauses 1-6 with new sub-clauses 1-4 in the Main Object Clause. This structural change is designed to align the company's operations with Reserve Bank of India (RBI) regulations for Core Investment Companies (CICs). The company will now proceed to seek shareholder approval for these changes through a Postal Ballot.
Key Highlights
Board approved the alteration of Main Object Clause III(A) of the MOA on December 19, 2025.
Existing sub-clauses 1 to 6 will be replaced by new sub-clauses 1 to 4 to reflect CIC status.
The amendment ensures compliance with applicable Reserve Bank of India (RBI) regulations.
A Postal Ballot will be conducted to obtain necessary shareholder approval for the proposed changes.
The meeting commenced at 5:30 P.M. and concluded at 5:55 P.M. on the same day.
💼 Action for Investors
Investors should monitor the transition of the company into a Core Investment Company and assess how this regulatory alignment impacts its future investment strategy. No immediate action is required pending the results of the shareholder postal ballot.
Rolta India Forms Monitoring Committee After NCLT Approves Ashdan Properties Resolution Plan
Rolta India has announced the constitution of a Monitoring Committee to oversee the implementation of the resolution plan approved by the NCLT Mumbai on December 15, 2025. The plan, submitted by Ashdan Properties Private Limited, aims to maintain the company as a going concern. The committee will act as the primary decision-making body for day-to-day operations and statutory compliance during the implementation period. This follows the receipt of the certified NCLT order on December 18, 2025.
Key Highlights
NCLT Mumbai approved the resolution plan by Ashdan Properties Private Limited on December 15, 2025.
Monitoring Committee constituted to manage operations and facilitate plan implementation up to the Transfer Date.
The resolution plan includes a financial proposal dated April 22, 2024, and an addendum dated May 17, 2024.
The committee will fulfill the roles and responsibilities of the Board of Directors and its statutory committees.
💼 Action for Investors
Investors should remain extremely cautious as Corporate Insolvency Resolution Plans often result in significant equity dilution or delisting for existing shareholders. Monitor further disclosures to understand the specific impact on equity value and the timeline for the Transfer Date.
HLV Ltd Wins Land Lease Dispute as Supreme Court Dismisses ROAR Petition
HLV Limited has received a favorable ruling from the Supreme Court of India regarding a long-standing land lease dispute. The court dismissed a Special Leave Petition filed by the Resources of Aviation Redressal Association (ROAR) on December 18, 2025. The litigation, which dates back to a 2013 PIL, challenged two lease deeds from 1983 involving 18,000 square meters of land allotted by the Airports Authority of India. This dismissal removes a significant legal overhang that has persisted for over a decade.
Key Highlights
Supreme Court dismissed SLP No. 12090/2016 filed by ROAR against HLV Limited on Dec 18, 2025
Dispute involved two lease deeds dated Oct 19, 1983, and Nov 22, 1983, for 9,000 square meters each
Total land area involved in the litigation was 18,000 square meters allotted by AAI
The ruling upholds the 2016 Bombay High Court order which had previously disposed of the PIL
No financial penalty or settlement was required as the petition was dismissed
💼 Action for Investors
The resolution of this decade-long litigation regarding core land assets is a positive development that reduces legal risk. Investors should view this as a clearing of a major administrative hurdle for the company's Mumbai property interests.
L&T Seeks Approval for Appointment of Amitabh Kant and Others to Board via Postal Ballot
Larsen & Toubro (L&T) has initiated a postal ballot to obtain shareholder approval for the appointment of three Independent Directors and several material related party transactions. The proposed appointments include high-profile figures like Mr. Amitabh Kant and Mr. B. Santhanam for five-year terms, plus the re-appointment of Ms. Preetha Reddy. Additionally, the company is seeking clearance for significant transactions with subsidiaries such as L&T-MHI Power Boilers and Larsen Toubro Arabia LLC. The e-voting window is open from December 20, 2025, to January 18, 2026.
Key Highlights
Proposed 5-year appointment of Mr. Amitabh Kant and Mr. B. Santhanam as Independent Directors effective October 29, 2025.
Proposed 5-year re-appointment of Ms. Preetha Reddy as Independent Director effective March 1, 2026.
Shareholder approval sought for material related party transactions with four key group entities including L&T-MHI Power Boilers.
E-voting period scheduled from December 20, 2025, to January 18, 2026, with results by January 20, 2026.
💼 Action for Investors
Investors should monitor the voting results to confirm the induction of the new board members, which is expected to enhance the company's strategic oversight and governance.
HCLTech to Acquire HPE's Telco Solutions Business for up to $160 Million
HCL Technologies has signed an agreement to acquire the Telco Solutions business from Hewlett Packard Enterprise (HPE) for a total consideration of up to $160 million. This asset carve-out includes intellectual property, R&D talent, and relationships with global Communication Service Providers (CSPs) supporting over 1 billion devices. Approximately 1,500 specialists from 39 countries will join HCLTech, enhancing its capabilities in 5G, AI-led network automation, and cloud-native offerings. The deal is expected to close within six months, pending regulatory approvals including CFIUS.
Key Highlights
Total purchase price of up to $160 million, including $15 million in performance-linked incentives for FY25.
Acquisition includes approximately 1,500 specialists (1,225 employees and 260 contractors) across 39 countries.
Target business supports over 1 billion devices through 200+ global deployments in the telecom sector.
Strengthens HCLTech's IP-led services in 5G Subscriber Data Management and AI-native network automation.
Transaction follows a previous 2024 acquisition of HPE assets, indicating a deep strategic partnership.
💼 Action for Investors
Investors should view this as a strategic move to boost non-linear revenue growth through high-value IP and engineering talent. Monitor the integration process and regulatory clearances over the next six months.
Seamec Awards USD 3.25 Million Diving Services Contract for ONGC Projects
Seamec Limited has awarded a contract worth approximately USD 3.25 million to Adsun Offshore Diving Contractors Pvt Ltd for specialized diving services. These services will be performed on the vessel SEAMEC III to support ONGC's Pipeline Replacement Project (PRP-VIII A) and DSF II Project. The contract is scheduled for execution during the 2025-26 working season. This sub-contracting arrangement is a critical step for Seamec to fulfill its larger service obligations to ONGC.
Key Highlights
Contract value of approximately USD 3.25 million awarded to Adsun Offshore Diving Contractors.
Services include riser surveys, removals, and installations for ONGC's offshore projects.
Work will be executed on the SEAMEC III vessel during the 2025-26 working season.
The award is a domestic contract and does not involve any related party transactions.
💼 Action for Investors
Investors should view this as a positive operational update that ensures the company is equipped to execute its existing high-value contracts with ONGC. Monitor the progress of the SEAMEC III vessel's deployment in the upcoming working season.
GRP Ltd Invests ₹5 Crore in Subsidiary GRP Circular Solutions to Fuel Growth
GRP Limited has infused ₹5 crore into its wholly-owned subsidiary, GRP Circular Solutions Limited (GCSL), through a rights issue of 50 lakh equity shares. GCSL, which operates in the recycled and compounded polypropylene sector, has shown explosive growth with turnover rising from ₹0.77 crore in FY24 to ₹19.75 crore in FY25. This capital infusion is intended to strengthen the subsidiary's financial position and support its expansion within the plastics recycling ecosystem. The parent company maintains its 100% stake in the subsidiary following this transaction.
Key Highlights
Subscription of 50,00,000 equity shares at ₹10 each, totaling ₹5 crore in cash.
Subsidiary turnover grew significantly from ₹0.77 crore in FY24 to ₹19.75 crore in FY25.
Investment aimed at meeting fund requirements and empowering future growth in the recycling ecosystem.
GRP Limited maintains 100% ownership of GCSL post-allotment.
GCSL was incorporated in August 2022 and has scaled operations rapidly within three years.
💼 Action for Investors
Investors should monitor the scaling of GCSL as it becomes a more meaningful contributor to GRP's consolidated revenue. The rapid growth in the recycling segment aligns with global sustainability trends and could drive long-term value.
Max Healthcare to Invest INR 1000 Cr+ for New 450-Bed Hospital in Pune
Max Healthcare has announced its entry into the Pune market through the staggered acquisition of 100% equity in Yerawada Properties Private Limited. The company plans to develop a 450-bed super-specialty hospital with a total investment exceeding INR 1,000 crore. Located in the prime Yerawada area, the facility is expected to be commissioned within the next three years. This strategic move marks the company's fourth facility in Western India and aligns with its vision to capture high-growth urban healthcare markets.
Key Highlights
Total investment of over INR 1,000 crore for a 450-bed super-specialty hospital in Pune
Staggered acquisition of 100% equity stake in Yerawada Properties Private Limited (YPPL)
Facility expected to be commissioned over the next 3 years in the prime Yerawada locality
Marks the company's 4th facility in Western India, strengthening its Maharashtra presence
💼 Action for Investors
Investors should monitor the project's execution timeline and capital allocation efficiency over the next three years. The expansion into a high-demand urban market like Pune is a strong long-term growth driver for the company's portfolio.
Maha Rashtra Apex Board Approves ₹15 Crore Rights Issue at ₹10 Per Share
Maha Rashtra Apex Corporation Limited has approved a fundraise of up to ₹15 crore through the issuance of equity shares on a rights basis. The board has fixed the issue price at ₹10 per share, which is the face value of the stock. The rights entitlement ratio is set at 15,000,000 equity shares for every 14,090,896 shares held by eligible shareholders. A Rights Issue Committee has been constituted to finalize the record date and other specific terms of the issue.
Key Highlights
Fundraise of up to ₹15 crore through equity shares on a rights basis
Issue price fixed at ₹10 per share, matching the face value
Rights ratio of 15,000,000 shares for every 14,090,896 shares held
Constitution of a Rights Issue Committee to manage the process and finalize the record date
Board meeting concluded on December 18, 2025, with immediate approval
💼 Action for Investors
Investors should monitor for the announcement of the record date to determine eligibility for the rights. Compare the ₹10 issue price with the current market price to evaluate the potential for arbitrage or dilution impact.