Pursuant to regulation 30 of LODR regulation 2015 we here with attached corrigendum to postal ballot notice dated 19.01.2026 and corrigendum dated 02.09.2026
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Hittco Tools Limited has issued a corrigendum to its postal ballot notice (originally dated 19.01.2026) to provide additional clarifications requested by BSE regarding a proposed preferential issue of equity shares. The company plans to issue up to 4,45,000 equity shares at ₹13.92 per share (face value ₹10 + ₹3.92 premium), raising a total of ₹61.94 lakh. Promoter and CFO Yashvardhan Bhandari will subscribe to 2,95,000 shares (₹41.06 lakh), while Shreyans Bhandari (non-promoter) will take 1,50,000 shares. Funds will be used for business expansion (₹41.06 lakh) and general corporate purposes (₹20.88 lakh), to be deployed within 24 months. Postal ballot voting concludes on 18.02.2026.
If approved, the preferential issue will dilute existing public shareholders modestly — promoter group holding rises from 25.63% to 28.37% while public holding drops from 74.37% to 71.63%. The small issue size (₹61.94 lakh) makes this more of a routine capital infusion from insiders rather than a major fundraising event.