The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Brilliant Properties Pvt Ltd
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Brilliant Properties Pvt Ltd, a non-promoter shareholder of Hit Kit Global Solutions Ltd, has received allotment of 5,00,000 equity shares on conversion of convertible warrants at Rs. 2 per share on 21st July 2025 via preferential allotment. Post-conversion, Brilliant Properties now holds 25,00,000 equity shares, representing 5.11% of the total share capital and 4.64% of the diluted share capital, up from 20,00,000 shares plus 5,00,000 warrants earlier. As a result of this allotment, Hit Kit Global's equity share capital has risen from Rs. 9.68 crore to Rs. 9.78 crore. The acquirer has confirmed it does not belong to the promoter/promoter group of the company.
This is a routine regulatory disclosure triggered by warrant conversion and not a promoter-related event, so it carries no positive or negative signal for promoter integrity. Shareholders should note a small dilution of about Rs. 10 lakh in equity base, with negligible impact on stock price or control structure.