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

HITTCO TOOLS LIMITED has completed a preferential allotment of 4,45,000 equity shares at ₹13.92 each, raising ₹0.62 Cr from promoters and non-promoters. This issuance increases the company's paid-up equity capital to ₹6.48 Cr, now comprising 66,04,847 shares. Additionally, Mr. Rajeev Shantilal Desai resigned as an Independent Director, and Mr. Rajeev Gobindram Hassanand stepped down as Chairman. The Board has appointed Mr. Surendra Bhandari, a finance professional with extensive experience, as the new Chairman, reflecting shifts in the company's capital structure and leadership.