Announced Wed, 15 Jul · 15:21 IST
Board approves doubling of authorised share capital; postal ballot planned
Board & Shareholder Meetings View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+0.5%1-day move
₹13.02
prior close
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AI summary
The Board of Hittco Tools approved increasing authorised share capital from about Rs 15 crore to about Rs 35 crore by adding 2 crore new equity shares of Rs 10 each. This requires shareholder approval via postal ballot. Remote e-voting runs from 16 July to 14 August 2026, with results by 18 August. The increase typically precedes a fund raise, bonus issue, or stock split.
Likely market impact
Existing shares may dilute if new shares are issued. Postal ballot result by 18 August 2026 is key for future fund raise plans.