Please find the attached outcome of Board Meeting.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of Hit Kit Global Solutions, at its meeting on 21 July 2025, allotted 5,00,000 equity shares of Rs. 2 each to Brillant Properties Private Limited on a preferential basis, following the conversion of 5,00,000 convertible warrants held by them. This is the second tranche of conversion, with the allottee having paid the balance 75% consideration of Rs. 7,50,000 (Rs. 1.50 per share). As a result, 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. The allottee's stake in the company has increased from 4.13% (20 lakh shares) to 5.11% (25 lakh shares).
This is a pre-scheduled warrant conversion, so the dilution is largely already priced into existing shareholding levels. The company has received the remaining 75% of the warrant consideration, which is mildly positive for cash flow. Existing shareholders face marginal further dilution from this single allottee, but the overall share base expansion is modest.