BSEHittco Tools LtdLowNeutral
Announced Thu, 28 May · 10:56 IST

Pursuant to Regulation ,we hereby inform that the company has made application to BSE Limited on 28.05.2026 seeking Trading Approval for 445000 equity shares allotted on 28.03.2026 pursuant ....

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Price reaction · full curve 14 horizons · vs prior close
+1.8%1-day move
₹10.50
prior close
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.8+1.3-0.1-2.4-2.4-6.7-9.0-2.9
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AI summary

Hittco Tools Ltd has applied to BSE for trading approval of 4,45,000 equity shares that were allotted on 28 March 2026 through a Preferential Issue. The shares have a face value of ₹10 each and were issued at ₹13.92 per share, representing a 39.2% premium over face value. The total issue size is ₹61.94 lakh. The company states it has complied with all applicable provisions under the Companies Act 2013, SEBI (ICDR) Regulations 2018, and SEBI (LODR) Regulations 2015. This disclosure is made under Regulation 30 of SEBI (LODR) Regulations 2015.

Likely market impact

The newly issued shares will increase the company's equity base and may dilute existing shareholders' stakes. The 39.2% premium to face value suggests confidence from the allottee(s), but the additional share supply could impact the stock price in the near term upon trading approval.