Hittco Tools has secured listing approval from BSE Limited for 4,45,000 equity shares issued to promoters and non-promoters on a preferential basis. The approval, conveyed via a letter dated May 21, 2026, allows the shares to be officially listed and dealt with on the exchange. The company intimated the exchange regarding this development on May 22, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The approved equity shares carry a face value of ₹10 each and were issued at a premium of ₹3.92. These shares bear distinctive numbers ranging from 6159848 to 6604847. The issuance was directed toward both promoters and non-promoters as part of the company's preferential allotment strategy.

Listing Conditions and Compliance

To facilitate trading, BSE has outlined specific compliance requirements that Hittco Tools must fulfill. The exchange emphasized that trading approval will be granted only after the company submits necessary documentation, including listing approval from the National Stock Exchange of India Ltd. if applicable, and confirmation letters from NSDL and CDSL. These depository confirmations must verify the crediting of shares to beneficiary accounts and the admission of capital into the depository system.

Furthermore, the company must adhere to Regulation 167 of the SEBI (ICDR) Regulations. BSE also instructed that if the preferential issue results in a change exceeding two per cent of the total paid-up share capital, the company is required to file the updated shareholding pattern in XBRL mode under Regulation 31(1)(c) of the SEBI LODR Regulations, 2015.

Timeline for Trading Approval

The exchange has mandated a strict timeline for the company to seek trading approval. As per Schedule XIX of the ICDR Regulations and a specific SEBI circular dated June 21, 2023, listed entities must apply for trading approval within seven working days from the date of listing approval. Failure to comply with this requirement may result in penalties as prescribed by the market regulator.

Hittco tools Limited has notified BSE Limited about its non-applicability for submitting the Annual Secretarial Compliance Report for the financial year ending March 31, 2026. The company's Managing Director Surendra Bhandari communicated this exemption status in a formal letter dated April 13, 2026.

Regulatory Exemption Details

The exemption is granted under Regulation 15(2)(b) of SEBI (Listing Obligations and Disclosure Requirements) regulations, which provides relief to smaller listed entities from certain corporate governance provisions specified in Regulation 24A.

Exemption Criteria

The SEBI regulations specify that compliance with Corporate Governance provisions under Regulation 24A shall not apply to:

• Listed entities having paid-up capital not exceeding Rs. 10.00 crore and net worth not exceeding Rs. 25.00 crore as on the last day of the previous financial year
• Listed entities whose specified securities are listed on SME Exchange platform

Company Qualification

Hittco Tools Limited qualifies for the exemption under the first criteria, as both its paid-up capital and net worth fall below the specified thresholds. The company's paid-up equity share capital of Rs. 6.04 crore is significantly below the Rs. 10.00 crore limit, while its net worth position also remains within the exemption parameters.

Compliance Communication

The formal notification was submitted to the Department of Corporate Services – Listing at BSE Limited, confirming that the company falls within the ambit of the regulatory exemption. This communication ensures transparency with the stock exchange regarding the company's compliance status and regulatory obligations for the upcoming financial year.