Corrigendum to notice dated 19.01.2026 and corrigendum dated 09.02.2026 regarding Preferential Allotment of Equity Share
Price
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Awaiting price reaction for this filing.
Hittco Tools Limited has issued a corrigendum to its postal ballot notice for a preferential allotment of up to 4,45,000 equity shares at ₹13.92 per share (including a ₹3.92 premium over the ₹10 face value), raising approximately ₹61.94 lakh in total. The shares will be allotted to Mr. Yash Vardhan Bhandari (Promoter and CFO) for 2,95,000 shares and Mr. Shreyans Bhandari (Non-Promoter) for 1,50,000 shares. The issue price was set at the floor price determined under SEBI ICDR Regulations, based on the higher of the 90-day and 10-day VWAP on BSE. Proceeds will be used for business expansion (₹41.06 lakh) and general corporate purposes (₹20.88 lakh) within 24 months of receiving the funds. The corrigendum was issued to provide additional clarifications sought by BSE during the in-principle approval process. Postal ballot voting concludes on 18 February 2026.
This preferential issue is relatively small (~₹62 lakh) and is largely a promoter-led capital infusion, so the immediate stock price impact is likely limited. However, public shareholders will see minor dilution, with their stake falling from 74.37% to 71.63%, while promoter group holding rises from 19.31% to 22.48%. There is no change in control of the company.