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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Hittco Tools Limited has filed a Form C disclosure under SEBI (Prohibition of Insider Trading) Regulations, 2015 on behalf of Mr. Shreyans Bhandari, categorised as a Non-Promoter and Immediate Relative of a Key Managerial Personnel. Mr. Shreyans Bhandari acquired 1,50,000 equity shares through a Preferential Allotment between 28 March 2026 and 30 March 2026. Prior to this acquisition, he held just 140 equity shares; post-acquisition, his holding stands at 1,50,140 equity shares, representing 2.27% of the company's share capital. No trading in derivatives was reported. The disclosure was signed by the Managing Director, Mr. Surendra Bhandari, on behalf of the company.
This is a routine insider-trading compliance filing, but the size of the allotment (over 1,000x increase in holding) signals meaningful insider-family participation in the preferential issue. Existing shareholders should note potential dilution, though insider participation in a preferential allotment is generally viewed as a confidence signal by promoter-group/management associates.