We are enclosing herewith copy of our Annual Report for the financial year ended March 31, 2025 for your perusal and record.
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Hittco Tools Ltd has submitted its 31st Annual Report for the financial year ended March 31, 2025 to BSE, along with the notice of its 31st Annual General Meeting scheduled for Tuesday, September 30, 2025 at 11:00 AM via video conferencing. Shareholders will vote on four items: adopting the FY25 audited financials, re-appointing Mrs. Madhu Bhandari (who retires by rotation), appointing Mr. Manjeet as Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30), and approving a preferential allotment of 4,45,000 equity shares at Rs 14.47 per share to raise Rs 64,39,150. Of these, 2,95,000 shares (Rs 42,68,650) will go to promoter Mr. Yash Vardhan Bhandari and 1,50,000 shares (Rs 21,70,500) to non-promoter Mr. Sharad Bhandari, with the stated purpose being expansion, working capital, infrastructure upgrade, and debt reduction.
The preferential allotment will modestly dilute existing shareholders while bringing in fresh capital (~Rs 64.4 lakh) at a price close to the regulatory floor (Rs 14.47 VWAP-based), so no major value transfer is apparent. AGM attendance and voting are via remote e-voting only, with the cut-off date set as September 23, 2025.