Hittco Tools Ltd — Important, 19-01-2026: Company Update

Hittco Tools' board approved issuing up to 4.45 lakh new equity shares on a preferential basis: 1.5 lakh shares to a non-promoter at Rs. 15.92 and 2.95 lakh shares to a promoter at Rs. 13.92, pending shareholder approval. The board also approved the forfeiture and cancellation of 2.476 lakh partly paid equity shares due to non-payment. Additionally, Mr. Ranjan Kotekar was appointed as an Additional Independent Director. The company also entered a 5-year agreement with a promoter group entity to rent manufacturing equipment for 0.995 Cr annually, aiming to boost production capacity and efficiency.