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

HITTCO TOOLS LIMITED's Board has allotted 4.45 lakh equity shares at ₹13.92 each, raising ₹0.62 Cr through a preferential issue to promoters and non-promoters. This action increased the company's paid-up equity share capital. Additionally, the Board noted the resignation of Mr. Rajeev Shantilal Desai as an Independent Director and Mr. Rajeev Gobindram Hassanand as Chairman. Concurrently, Mr. Surendra Bhandari, a seasoned finance professional with over 50 years of experience, was appointed as the new Chairman, signaling a significant leadership transition.