The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Glimmer Enterprise Pvt Ltd
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Glimmer Enterprise Private Limited, a non-promoter entity, has been allotted 50,00,000 equity shares of Hit Kit Global Solutions Ltd through conversion of convertible warrants at Rs. 2 per share, pursuant to a preferential allotment dated 13 December 2025. As a result, Glimmer Enterprise's holding has increased from 29,54,503 shares (6.04%) to 79,54,503 shares, raising its stake to 14.76% of the expanded share capital. Hit Kit Global's total equity share capital grew from Rs. 9.78 crore to Rs. 10.78 crore on account of this conversion. The acquirer is not part of the promoter or promoter group of the company.
A non-promoter shareholder crossing the 10% threshold signals growing institutional interest in the stock, though the dilution from the preferential allotment may weigh on existing shareholders. Shareholders should monitor whether Glimmer Enterprise approaches the 25% open-offer trigger level under SAST regulations.