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

Hittco Tools' Board approved a preferential allotment of 4.45 lakh equity shares to promoters and a non-promoter, pending approvals. The company also approved the forfeiture of 2.476 lakh partly paid shares due to unpaid call money, which will be cancelled. Additionally, the Board appointed Mr. Ranjan Kotekar as an Additional Independent Director and finalized a 5-year machinery rental agreement with a promoter group entity for Rs. 9.95 lakh annually. This strategic move aims to enhance production capacity and improve operational efficiency.