Hittco Tools Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/01/2026 ,inter alia, to consider and approve As required under Regulation 29(1) ....
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Hittco Tools Ltd has informed BSE that its Board of Directors will meet on Friday, 9 January 2026. The Board will consider and approve a preferential allotment of shares through a postal ballot route. It will also take note of the Valuation Report submitted by the Registered Valuer for this purpose. Additionally, the Board will approve the forfeiture of certain shares, which typically happens when allottees fail to pay the amount due on shares allotted to them. The company has given no details on the size of the preferential issue, the price, or the identity of proposed allottees at this stage.
The preferential allotment will lead to dilution of existing shareholders' holdings, and the share forfeiture indicates prior defaults by some allottees. Investors should watch for further disclosures on issue size, pricing, and allottees once the Board approves the proposal on 9 January.