Hittco Tools Limited has filed its annual disclosure under Regulation 30 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirming the promoter group's consolidated shareholding and compliance with regulatory requirements. The disclosure, submitted on April 2, 2026, by Managing Director Surendra Bhandari, provides comprehensive details of promoter group holdings as of March 31.

Annual SEBI SAST Disclosure

The company submitted the mandatory annual disclosure under Regulation 30(3) of SEBI SAST regulations, confirming compliance with substantial acquisition norms. Managing Director Surendra Bhandari filed the disclosure on behalf of the promoter group, addressing both individual and collective shareholding patterns. The filing also includes confirmation under Regulation 31(5) that no encumbrances have been created on the securities held by the promoter group.

Promoter Group Shareholding Pattern

The promoter group maintains a collective holding of 18,73,891 shares, representing 28.37% of the total share capital. Surendra Bhandari holds the largest individual stake at 15.16%, followed by Yashvardhan Bhandari with 6.26%. The disclosure covers all promoter group entities including family members and Hittco Properties LLP.

Regulatory Compliance Framework

The annual SEBI SAST disclosure demonstrates the company's commitment to maintaining transparency in shareholding patterns and substantial acquisition regulations. The filing confirms that all promoter group members are acting in concert and have disclosed their complete holdings including shares, voting rights, warrants, and convertible securities. No additional instruments entitling holders to receive shares were reported in the disclosure.

Corporate Structure Details

The disclosure identifies five key promoter group entities, with Hittco Properties LLP being the only corporate entity among individual family members. All entities are confirmed as belonging to the promoter group category, ensuring clarity in ownership structure. The company maintains its listing on BSE Limited under script code 531661, with registered office located in Bangalore's KIADB Industrial Area.

The comprehensive annual disclosure reinforces Hittco Tools' adherence to SEBI regulations while providing stakeholders with complete transparency regarding promoter group holdings and corporate governance practices. The confirmation of no encumbrances on securities further strengthens investor confidence in the company's financial integrity.

HITTCO TOOLS LIMITED has scheduled a board meeting for March 28, 2026, to consider the allotment of equity shares following its recent BSE approval for a preferential issue. The company announced the meeting date after securing in-principle approval from BSE Limited for issuing shares to selected investors on a preferential basis.

Board Meeting Details and Agenda

The board meeting is scheduled for Saturday, March 28, 2026, at 11:00 AM at the company's registered office. The primary agenda includes consideration and approval of the share allotment process:

The meeting will address the allotment of 4,45,000 equity shares of face value ₹10 each at an issue price of ₹13.92 per share, including a premium of ₹3.92, on a preferential basis to proposed allottees.

BSE Approval and Share Specifications

BSE Limited had earlier granted approval through letter no. LOD/PREF/MV/FIP/1900/2025-26 dated March 17, 2026. The approval encompasses specific share parameters that will be formalized during the upcoming board meeting:

Trading Window Closure and Compliance

In accordance with the company's Code of Conduct for Prevention of Insider Trading, the trading window for dealing in HITTCO TOOLS LIMITED securities will remain closed during the meeting period. The window will reopen 48 hours after the declaration of the meeting outcome, ensuring compliance with insider trading regulations.

The company must fulfill comprehensive regulatory compliance requirements outlined by BSE, including adherence to the Companies Act 2013, Securities Contracts Regulation Act 1956, and various SEBI regulations. BSE has emphasized that the in-principle approval should not be construed as approval for listing of the securities, requiring separate compliance for listing requirements.

Post-Meeting Obligations

Following the board meeting and allotment approval, HITTCO TOOLS LIMITED must submit a listing application within twenty days from the allotment date, as specified in SEBI regulations. The company must also ensure that proposed allottees provide undertakings confirming they will not engage in intra-day trading in the company's scrip before allotment and will not make any sales until the allotment date.