Ms. Khusboo Agarwal Appointed as a company secretary and Compliance officer of the company on the board meeting dated 14th August, 2025.
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Hittco Tools Limited held a board meeting on 14th August 2025 with several key outcomes. The board accepted the resignation of Mr. Adatariya Ravikumar Jayeshbhai as Chief Financial Officer (CFO) and appointed Mr. Yash Vardhan Bhandari as the new CFO and Key Managerial Personnel (KMP). Ms. Khushboo Agarwal was appointed as the new Company Secretary and Compliance Officer. The company also approved its Q1 FY26 standalone financial results, reporting revenue from operations of Rs. 167.00 lakhs (up from Rs. 129.42 lakhs in Q1 FY25) but a net loss of Rs. 28.78 lakhs (slightly improved from a Rs. 33.96 lakhs loss in the same quarter last year). Additionally, the Securities Appellate Tribunal (SAT) ruled in favour of the company in an appeal against a Rs. 1.05 lakh penalty imposed by BSE for a past LODR filing violation. A new Secretarial Auditor (M/s. Manjeet and Associates) was appointed for a 5-year term, and an IBBI-registered valuer was engaged for a proposed preferential allotment.
Shareholders should note the CFO transition and the continued quarterly losses, although the loss has narrowed year-on-year. The SAT win removes a small regulatory overhang. Overall, this is largely an administrative update with mixed operational signals — top-line growth but no profitability yet.