Pursuant to Regulation 44(3) of SEBI LODR 2015, enclosed herewith the voting Results and Scrutinizers Report on the Postal Ballot of the Company.
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Hittco Tools Ltd conducted a postal ballot (e-voting from Jan 20, 2026 to Feb 18, 2026) on two special resolutions. Resolution 1, approving preferential allotment of equity shares to the promoter group and non-promoter category, was passed with near-unanimous support: 21,88,861 votes in favour and just 30 votes against out of 21,88,891 polled. Resolution 2, seeking to cancel a special resolution passed at the AGM on 30.09.2025 (which had also approved a preferential allotment), was rejected — public non-institutional shareholders voted 97.55% against it (5,95,075 shares against vs. 14,925 in favour). The rejection was because the votes in favour did not exceed the votes against by the required 3:1 margin for a special resolution. Of 4,986 total shareholders, only about 13.32% of public shareholders participated in voting.
The preferential allotment to promoter group and non-promoters is now approved, which will lead to equity dilution for existing shareholders. The failure of Resolution 2 means the earlier 30.09.2025 preferential allotment approval remains valid, potentially compounding dilution. This is a small-cap BSE-listed company, and the strong public dissent on Resolution 2 signals shareholder pushback on management's capital-raising plans.