Company has received Listing Approval from BSE Ltd for issue of 4,45,000 Equity Share to Promoter and Non Promoter.
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Hittco Tools Ltd has received listing approval from BSE Limited for issuing 4,45,000 equity shares of ₹10 each at a premium of ₹3.92 per share, making the issue price ₹13.92 per share. The shares bearing distinctive numbers from 6159848 to 6604847 were issued to both promoters and non-promoters on a preferential basis. The company submitted this intimation under Regulation 30 of SEBI (LODR) Regulations, 2015. BSE has granted approval but trading approval will be granted only after NSDL/CDSL confirmation letters for share crediting and lock-in compliance (if applicable) are filed.
This preferential allotment increases the company's paid-up capital and may dilute existing shareholders' stakes. The exact impact on the stock depends on whether the issue was at a discount or premium to market price and the intended use of funds.