Hittco Tools Ltd

Resolution details

• Special Resolution to increase authorized share capital and alter MOA Clause V; approved; 99.98% in favour.

Fund raising and utilisation at a glance

• Mode of fund raising: Preferential issue of equity shares.
• Shareholders' approval: 18 February 2026; allotment: 28 March 2026.
• Funds raised and paid: Rs 61,94,400; full amount received.
• Funds utilised: Rs 36,54,056.20; unutilised balance: Rs 25,40,343.80.
• Deviation/variation in use of funds: Not applicable.
• Monitoring agency: Not applicable.
• Status of fund utilisation: Partly utilised; balance remaining.

Financial Highlights

• Revenue from operations: Rs 202.30 lakh; total income: Rs 202.50 lakh (Q1 FY27, unaudited).
• QoQ revenue drop ~18% from Rs 247.39 lakh to Rs 202.30 lakh.
• Net loss after tax: Rs 5.93 lakh; basic and diluted EPS: Rs -0.09.
• PBT: Rs -5.93 lakh; vs Rs 20.21 lakh prior quarter.
• Cash and cash equivalents: Rs 2.97 lakh; inventories: Rs 155.17 lakh; trade receivables: Rs 127.34 lakh.
• Total assets: Rs 733.13 lakh; total equity: Rs 325.26 lakh; borrowings: Rs 314.23 lakh.
• Board approved appointment of Ms. Sonali M as Company Secretary and Compliance Officer (Aug 10, 2026).
• Unaudited standalone results with Limited Review Report issued by DTSB & Associates.

Dematerialisation status and listing

• Securities for dematerialisation received from depository participants in quarter ended 30 June 2026 were confirmed to depositories.
• Securities dematerialised have been listed on the stock exchanges where earlier issues are listed.
• Security certificates received for dematerialisation were mutilated and cancelled after due verification.
• The depository's name has been substituted in the Register of Members as registered owner within the prescribed time.

Item 1: Increase in Authorised Capital

• Increase in Authorised Share Capital from ₹15 crore to ₹35 crore via 2,00,00,000 new ₹10 shares.
• Amendment of Clause V of MOA to reflect revised capital structure; Ordinary resolution.
• Voting via postal ballot; remote e-voting from 16 July 2026 to 14 August 2026.
• Cut-off date for members: 10 July 2026.

Capital increase and MOA change

• Authorized capital increased from ₹15 crore to ₹35 crore.
• Equity shares now 3,50,00,000 of ₹10 each.
• Creation of 2,00,00,000 new shares; MOA Clause V to be amended.
• Subject to shareholders and SEBI approvals.

Postal ballot process

• Draft Postal Ballot Notice and Explanatory Statement approved.
• Cut-off date fixed as 10 July 2026.
• Remote e-voting from 16 July 2026 to 14 August 2026.
• Results to be declared by 18 August 2026.
• CDSL appointed for remote e-voting.

Appointments and authorization

• CS Manjeet appointed as Scrutinizer.
• Managing Director Surendra Bhandari authorized to issue notices and file forms.

Dematerialisation processing and listing

• Dematerialisation requests processed and confirmed to the depositories.
• Securities dematerialised listed on the stock exchanges where earlier issues are listed.
• Physical certificates received for dematerialisation mutilated and cancelled after verification; depository's name substituted as registered owner within timeline.