Please find the attached Outcome of Board meeting
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The board of Hit Kit Global Solutions Ltd, at its meeting on 21 July 2025, allotted the second tranche of 5,00,000 equity shares of Rs. 2 each to Brillant Properties Private Limited on conversion of equal number of convertible warrants. The warrants were originally issued on 17 June 2024 on a preferential basis, and the allottee has now paid the balance 75% consideration of Rs. 1.50 per share (totalling Rs. 7,50,000), with 25% already paid earlier at the time of subscription. As a result, the allottee's stake has increased from 4.13% (20,00,000 shares) to 5.11% (25,00,000 shares) post-allotment. The company's paid-up equity share capital has risen to Rs. 9.78 crore, divided into 4.89 crore equity shares of Rs. 2 each.
This is a routine warrant-to-equity conversion that marginally increases the promoter's/strategic investor's stake and slightly dilutes existing shareholders, though the impact is small given the tiny size (Rs. 7.5 lakh) relative to the company's overall share base.