In Accordance with Regulation 29(1) of SEBI SAST Regulations 2011, we hereby disclose the change in shareholding of Mr. Yash Vardhan Bhandari in Hittco Tools Limited.
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Mr. Yash Vardhan Bhandari, a promoter of Hittco Tools Limited, increased his shareholding in the company. His stake went up from 1.93% (1,18,700 shares) to 6.26% (4,13,700 shares), an acquisition of 2,95,000 shares (4.33%) on March 28, 2026. The company's total share count also rose from 61,59,847 to 66,04,847 shares, indicating the acquisition was likely through a preferential allotment rather than an open market purchase. The disclosure is filed under Regulation 29(1) of SEBI SAST Regulations 2011, which covers substantial acquisition of shares and takeovers.
This is a positive signal for retail investors as the promoter is putting more of his own money into the company, indicating confidence in its future prospects. A promoter stake increase is generally viewed as a sign of insider belief in the business's growth potential.