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

Hittco Tools' board has approved a preferential allotment of 4,45,000 equity shares at ₹13.92 each, raising ₹0.62 Cr from promoters and non-promoters. This increases the paid-up capital to 66,04,847 shares, totaling ₹6.48 Cr. Concurrently, Mr. Rajeev Shantilal Desai resigned as an Independent Director, and Mr. Rajeev Gobindram Hassanand stepped down as Chairman. The board appointed Mr. Surendra Bhandari, a finance professional with over 50 years of experience, as the new Chairman. These changes reflect shifts in the company's capital structure and leadership.