Announced Wed, 15 Jul · 16:28 IST
Hittco Tools seeks shareholder approval to raise authorised capital to Rs 35 crore
Corporate Actions View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-5.0%1-day move
₹12.85
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-5.0-7.2-2.8-7.3-5.1-6.1————
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AI summary
Hittco Tools has issued a postal ballot dated July 15, 2026 to hike authorised share capital from Rs 15 crore (1.5 crore shares of Rs 10) to Rs 35 crore (3.5 crore shares of Rs 10), creating 2 crore additional equity shares. Consequent amendment to Clause V of the MoA is also sought. E-voting runs July 16 to August 14, 2026. Future fundraising flexibility is cited as the reason.
Likely market impact
Neutral to mildly positive. The authorised capital hike signals potential future fundraising, but no immediate equity issue is announced yet.