Board has consider the following appointment and resignation on the board meeting dated 14th August, 2025 1. appointed Mr. Yash Vardhan Bhandari As CFO of the company and 2. Resignation ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hittco Tools' board on August 14, 2025 approved several changes along with Q1 FY26 results. CFO Adatariya Ravikumar Jayeshbhai resigned citing personal commitments, and Yash Vardhan Bhandari (already a Director) was appointed as the new CFO. Khushboo Agrawal was appointed as Company Secretary and Compliance Officer. The company also appointed an IBBI valuer for a proposed preferential allotment and a new Secretarial Auditor for 5 years from FY25-26. Q1 FY26 revenue grew 29% YoY to Rs. 167 lakhs (vs Rs. 129.42 lakhs), but the company posted a net loss of Rs. 28.78 lakhs, though narrower than the Rs. 33.96 lakh loss in Q1 FY25. Separately, SAT ruled in the company's favour, quashing a Rs. 1.05 lakh BSE penalty for a past cash-flow filing lapse.
The CFO switch and new CS appointment bring fresh leadership, but the company remains loss-making despite revenue growth, which may weigh on sentiment. The SAT win removes a minor regulatory overhang, while the proposed preferential allotment could lead to equity dilution ahead.