Others

Hilton Metal Forging Ltd. - Announcement under Regulation 30 (LODR)-Issue of Securities

| Updated on March 12, 2019

Sub: Cancellation of issue of 2,00,000 6% Optionally Convertible Debentures on preferential basis due to non receipt of money from the proposed investors

Ref: Intimation under Regulation 30 (6) read with Part A of Schedule III of the SEBI (Listing Obligation and Disclosure Requirements) Regulation 2015

Dear Sir/Madam,

We hereby inform you that the approved issue of 2,00,000 6% Optionally Convertible Debentures to Balu Forge Private Limited on preferential basis aggregating to Rs. 20,00,00,000 (Rupees twenty crores) stands cancelled due to the non receipt of money from the proposed investor within the prescribed time. The Board of Directors at their meeting held on 8th February, 2019 had noted the same.

In this regard, we would like to state that the Company inadvertently missed out the filing of the aforesaid information with the stock exchanges as there was no Company Secretary and Compliance Officer in the Company for the period from 12th November 2018 till 30th January, 2019 (due to resignation of the Company Secretary).

We sincerely regret for the lapse and request you to condone the same.

Kindly take the aforesaid information on your record.

Pdf Link: Hilton Metal Forging Ltd. - Announcement under Regulation 30 (LODR)-Issue of Securities

Source : BSE - www.bseindia.com

Published on March 12, 2019

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor