In terms of Regulations 32(1)(a) & (b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the quarter ended 31st December, 2022, Hilton Metal Forging has confirmed that: a) There has been no deviation in the utilization of funds, raised through preferential issue of equity warrants converted into equity shares, from the objects as stated in the Explanatory Statement annexed to the Notice of Postal ballot dated 24th December, 2021, whereas the equity shares so converted were allotted on 12th August, 2022. b) There has been no variation between projected utilization of funds as stated in the Explanatory Statement annexed to the Notice of Postal ballot dated 24th December, 2021 and the actual utilization of funds raised through preferential issue of equity warrants converted into equity shares, whereas the equity shares so converted were allotted on 12th August, 2022.
The above information is a part of company’s filings submitted to BSE.
