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

Hittco Tools' Board has approved issuing up to 4.45 lakh equity shares on a preferential basis, pending shareholder approval. This includes 1.5 lakh shares to a non-promoter at ₹15.92 each and 2.95 lakh shares to a promoter at ₹13.92 each. The Board also forfeited 2.476 lakh partly paid shares due to unpaid call money, which will reduce outstanding shares. Additionally, Mr. Ranjan Kotekar was appointed as an Additional Independent Director. The company also entered a five-year agreement to rent manufacturing equipment from a related party for ₹9.95 lakh annually to boost production capacity.