Non Applicability of the Annual Compliance Report for the Year Ended 31st March, 2025.
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Hittco Tools Ltd has informed BSE that it is not required to file the Annual Secretarial Compliance Report for the financial year ended March 31, 2025. The company claims exemption under Regulation 15(2)(b) of SEBI's Listing Obligations and Disclosure Requirements, which applies to listed entities with paid-up capital not exceeding Rs. 10 crore and net worth not exceeding Rs. 25 crore. As on March 31, 2024, the company's paid-up equity share capital was Rs. 6.04 crore, and its net worth was negative at Rs. -3.46 crore, placing it well within the exemption criteria. The disclosure was signed by Managing Director Surendra Bhandari.
This is a routine compliance filing with no direct impact on shareholders, but the negative net worth of Rs. -3.46 crore is a significant red flag indicating the company's liabilities exceed its assets, which investors should monitor closely.