Voting result and scrutinizer report of 31st annual General meeting which was held 30th September, 2025 at 11 AM
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hittco Tools Limited held its 31st AGM on September 30, 2025 via video conferencing, with 5,050 shareholders on record and 31 attending through VC (5 promoters, 26 public). All 4 resolutions were passed with requisite majority. Item 1 (adoption of audited financial statements for FY ended March 31, 2025) and Item 3 (appointment of CS Manjeet as secretarial auditor for 5 years) were approved unanimously with 100% votes in favour. Item 2 (re-appointment of Mrs. Madhu Bhandari, who retires by rotation) and Item 4 (preferential allotment of shares) passed with 90.39% in favour and 9.61% against, with the dissent coming entirely from public shareholders (2,25,000 votes against). Overall voting turnout was 38% of outstanding shares (23,41,129 out of 61,59,847 shares).
Routine AGM outcome with all resolutions approved, but the approval of the preferential allotment (Item 4) may lead to dilution of existing shareholders' stakes. Public shareholders expressed some dissent on the director re-appointment and the preferential allotment, indicating minor governance concerns from non-promoter holders.