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

Hittco Tools' board has approved a preferential allotment of 4.45 lakh equity shares: 1.50 lakh shares to a non-promoter at ₹15.92 per share (totaling approximately ₹0.24 Cr) and 2.95 lakh shares to a promoter at ₹13.92 per share (totaling approximately ₹0.41 Cr). This will be subject to shareholder and regulatory approvals, canceling a previous similar resolution. The company also forfeited 2.476 lakh partly paid shares due to non-payment. Additionally, an independent director was appointed, and an agreement was made to rent manufacturing machinery from Hittco Industries Private Limited for ₹0.10 Cr annually for five years to boost production.