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

Hittco Tools' board approved a preferential issue of 4.45 lakh equity shares: 1.5 lakh to a non-promoter at Rs. 15.92 and 2.95 lakh to a promoter at Rs. 13.92. The company also forfeited 2.48 lakh partly paid shares of Rs. 10 face value due to unpaid calls. Mr. Ranjan Kotekar was appointed as an Additional Independent Director. The board canceled a prior preferential allotment resolution. To boost production, Hittco entered a five-year agreement to rent machinery from related party Hittco Industries for Rs. 9.95 lakh annually, aiming to improve operational efficiency and capacity utilization.