Hittco Tools Ltd — Important, 28-03-2026: Company Update

Hittco Tools announced the outcomes of its board meeting. The company allotted 4.45 lakh equity shares at ₹13.92 per share, totaling ₹0.62 Cr, to promoters and non-promoters on a preferential basis, increasing its paid-up equity share capital. The board noted the resignations of Mr. Rajeev Shantilal Desai as Independent Director and Mr. Rajeev Gobindram Hassanand as Chairman, citing other commitments. Mr. Surendra Bhandari, a seasoned finance professional with 50+ years of experience and a relation to an existing director, has been appointed as the new Chairman. This update reflects changes in share capital and key leadership roles.