Disclosure under Regulation 7(2) read with Regulation 6(2) of SEBI PIT Regulation 2015 with Form C for Mr. Shreyans Bhandari.
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Mr. Shreyans Bhandari, an immediate relative of a Key Managerial Personnel (KMP) of Hittco Tools Limited, has disclosed the acquisition of 1,50,000 equity shares through a preferential allotment. Prior to this acquisition, he held just 140 shares (0.002% stake), and after the transaction his holding has risen to 1,50,140 shares, representing 2.27% of the company's equity. The disclosure is filed under Regulation 7(2) read with Regulation 6(2) of SEBI's Prohibition of Insider Trading Regulations, 2015, using Form C as a continual disclosure. The acquisition was completed on March 28, 2026, with intimation submitted on March 30, 2026. The shares were allotted by way of preferential allotment, and the company is classified as a non-promoter entity, though connected through the KMP relationship.
This is a routine SEBI-mandated insider trading disclosure and is not directly market-moving. However, the significant increase in shareholding by a KMP's immediate relative via preferential allotment is generally viewed as a positive signal of insider confidence in the company's prospects, even though the resulting 2.27% stake remains a minority position.