Hit Kit Global Solutions Ltd — Updates, 09-06-2025: Company Update

HitKit mit it Global Solutions Limited

CIN:L70100MH1988PLC049929 Regd. Office No.3131/B, Rustomjee Eaze Zone, Laxmi Singh Complex, Malad (West), Mumbai-400064.

Tel. No.: 022-49696739. Email: hitkit.global@gmail.com. Website: www.hitkitglobal.com

To,

BSE Limited

New Trading Wing, Rotunda Building,

P J Towers, Dalal Street, Fort,

Mumbai —400 001

Scrip code — 532359

Subject: Outcome of Board Meeting for allotment of 20,00,000 Equity Shares upon conversion of

Convertible Warrants held on 09 June, 2025.

Dear Sir,

We would like to inform you that pursuant to Regulation 30 of the Securities and Exchange Board of

India (Listing Obligations and Disclosure Requirements) Regulation, 2015, the Board of Directors of

the Company in the Board Meeting held today i.e, 09 June, 2025 at the Registered office of the

Company, have allotted first tranche of 20,00,000 Equity Shares of Rs. 2/- each, fully paid up

pursuant to conversion of 20,00,000 convertible warrants into Equity Shares on Preferential Basis in

accordance with the Special resolution passed by the shareholders on 24" May, 2024 and pursuant

to the In-principle approval received from BSE Limited vide their letter number

LOD/PREF/DA/FIP/354/2024-25 dated 03 June, 2024.

As per Regulation 169(2) of the SEBI (ICDR) Regulations, 2018, 25% of the allotment price had been

paid by the allottee(s) in to the Bank Account of the Company at the time of subscription. Further

the holders of 20,00,000 convertible warrants have paid the balance 75% of the consideration and

exercised their right of conversion.

The details of allotment are as follows:

Sr. No | Name of the Allottee(s) No. of Equity 75% of Issued

Shares Price (Rs.)

1. Brillant Properties Private limited 20,00,000 30,00,000

TOTAL 20,00,000 30,00,000

Consequent to the said allotment, the Paid-up Equity Share Capital of the Company stands increased

to Rs. 9,68,00,000/- (Rupees Nine Crores Sixty Eight Lakhs only) divided into 4,84,00,000 (Four Crores

Eighty four lakhs only) Equity Shares of face value Rs. 2/- each. The new equity shares issued rank

pari-passu with the existing equity shares.

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HitKit mit it Global Solutions Limited

CIN:L70100MH1988PLC049929 Regd. Office No.3131/8, Rustomjee Eaze Zone, Laxmi Singh Complex, Malad (West), Mumbai-400064.

Tel. No.: 022-49696739. Email: hitkit.global@gmail.com. Website: www.hitkitglobal.com

The relevant details pertaining to the above as per the SEBI circular no. SEBI/HO/CFD/CFD-PoS-

1/P/CIR/2023/123 dated 13t July, 2023 are enclosed as “Annexure A”.

The Meeting of the Board of Directors of the Company was commenced at 06:00 p.m. and concluded

at 07:00 p.m.

Kindly take the same on your record.

FOR HIT KIT GLOBAL SOLUTIONS LIMITED

(Khushboo Doshi)

Company Secretary & Compliance officer

Date: 09 June, 2025

Place: Mumbai

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HitKit mit it Global Solutions Limited

CIN:L70100MH1988PLC049929 Regd. Office No.3131/8, Rustomjee Eaze Zone, Laxmi Singh Complex, Malad (West), Mumbai-400064.

Tel. No.: 022-49696739. Email: hitkit.global @gmail.com. Website: www.hitkitglobal.com

Annexure A

The disclosures as per the SEBI circular no. SEBI/HO/CFD/CFD-PoS-1/P/CIR/2023/123 dated 13® July,

2023 regarding the conversion of warrants and allo tment of equity shares, are as follows:

S. No. Particulars Details

1 Type of securities issued Equity shares pursuant to exercise of

Convertible warrants.

2. Type of issuance {further—public-| Preferential allotment

ffering, i issue, "

‘rfl- (AI’\D / rr\n)’ g lified

institutions—placement; preferential

allotment etc.)

3. Total number of securities proposed | Total no. of securities: 20,00,000 Equity shares

to be issued or the total amount for | at Rs. 2/- per share on receipt of balance

which the securities will be issued | amount of Rs. 1.5/- per Equity shares (75% of

(approximately) total consideration)

Conversion ratio (1:1) — One equity share for

each Convertible warrant held.

4. In case of Preferential issue the listed entity shall disclose the following additional

details to the Stock Exchange(s)

Names and number of the investors:

Number of allottee(s) 1

Name(s) of the allottee(s) Brillant Properties Private limited

Post allotment of securities - outcome of the subscription:

Name Pre-Issue Shareholding Post Issue Shareholding

No. of % of No. of % of

Shares Share Shares Share

holding Holding

Brillant Properties Private 0 0% 20,00,000 4.13%

limited

5. Issue price/ allotted price (in case of | Warrants had been allotted on 17*" June, 2024

convertibles) carrying a right to subscribe to 1 Equity Share

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HitKit mit it Global Solutions Limited

CIN:L70100MH1988PLC049929 Regd. Office No.3131/8, Rustomjee Eaze Zone, Laxmi Singh Complex, Malad (West), Mumbai-400064.

Tel. No.: 022-49696739. Email: hitkit.global@gmail.com. Website: www.hitkitglobal.com

per warrant on receipt of amount at the rate of

Rs. 0.5/- per warrant (25% of total

consideration).

Now, 20,00,000 Equity Shares have been

allotted on receipt of balance amount at the

rate of Rs.1.5/- per Equity Share (75% of total

consideration).

6. In case of Convertible - intimation

on conversion of securities or on

the the lapse of tenure of

instrument:

The warrant holders are, subject to the SEBI

(ICDR) Regulations and other applicable rules,

regulations and laws, entitled to exercise the

warrants in one or more tranches within a

period of 18 (Eighteen) months from the date

of allotment of the warrant by issuing a written

notice to the Company specifying the number

of warrants proposed to be exercised. The

Company shall accordingly issue and allot the

corresponding number of Equity Shares of face

value of Rs. 2/- (Rupees two only) each to the

warrant holders;

An amount equivalent to 25% of the Warrant

Issue Price had been received at the time of

subscription and allotment of each Warrant

and the balance 75% shall be payable by the

Warrant holder(s) on the exercise of

Warrant(s);

In the event that, a warrant holder does not

exercise the warrants within a period of 18

(Eighteen) months from the date of allotment

of such warrants, the unexercised warrants

shall lapse and the amount paid by the warrant

holders on such Warrants shall stand forfeited

by the Company.

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