HITTCO Tools Limited Confirms No Non-Convertible Securities Issued for FY26

1 min read     Updated on 02 Apr 2026, 10:46 PM
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HITTCO Tools Limited submitted its compliance confirmation to BSE Limited under SEBI LODR Regulation 57(5) for FY26 ending March 31, 2026. The company confirmed no non-convertible securities were issued during the period, making interest and principal payments on NCDs or bonds not applicable. Additionally, HITTCO Tools reported no unpaid interest or principal obligations related to non-convertible securities at year-end. The compliance letter was signed by Managing Director Surendra Bhandari and submitted on April 2, 2026.

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HITTCO Tools Limited has filed its mandatory compliance confirmation with BSE Limited regarding non-convertible securities for the financial year ending March 31, 2026. The submission fulfills the company's regulatory obligations under SEBI (LODR) Regulations, 2015.

Regulatory Compliance Confirmation

In accordance with Regulation 57(5) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, HITTCO Tools Limited confirmed to BSE Limited that the company has not issued any non-convertible securities during the financial year. This confirmation makes the payment of interest or principal on non-convertible debentures (NCDs) or bonds not applicable for the period.

Compliance Parameter Status
Non-convertible securities issued None
Interest/Principal payments Not applicable
Unpaid obligations None
Year ended March 31, 2026

Outstanding Obligations Status

The company also provided confirmation regarding its clean obligation status. HITTCO Tools stated that there were no unpaid interest or principal obligations in relation to non-convertible bonds or securities at the year ended March 31, 2026. This confirmation demonstrates the company's compliance with all debt service requirements.

Corporate Communication Details

The compliance letter was submitted on April 2, 2026, to the Department of Corporate Services – Listing at BSE Limited. The communication was signed by Surendra Bhandari, Managing Director of HITTCO Tools Limited, who holds DIN 00727912. The company requested BSE to acknowledge receipt and maintain the submission in their records.

Company Information

HITTCO Tools Limited operates from its registered office located at No-17-C, KIADB Industrial Area, 2nd Phase, Peenya, Bangalore-560058. The company trades on BSE under scrip code 531661 and maintains its corporate website at www.hittco.com for stakeholder communications.

Historical Stock Returns for Hittco Tools

1 Day5 Days1 Month6 Months1 Year5 Years
-0.36%-6.81%-5.11%-18.89%-18.89%+94.49%

Will HITTCO Tools consider issuing non-convertible debentures in FY2027 to fund expansion plans or capital expenditure?

How might the company's debt-free status regarding NCDs impact its credit rating and future borrowing costs?

What alternative financing strategies is HITTCO Tools exploring given its current non-reliance on debt securities?

Hittco Tools Files Annual SEBI SAST Disclosure Confirming Promoter Holdings

2 min read     Updated on 02 Apr 2026, 10:40 PM
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AI Summary

Hittco Tools Limited submitted its annual disclosure under SEBI SAST regulations on April 2, 2026, confirming the promoter group's collective holding of 28.37% representing 18,73,891 shares. The disclosure filed by Managing Director Surendra Bhandari provides detailed shareholding patterns and confirms no encumbrances on securities held by the promoter group.

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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.

Disclosure Parameter: Details
Filing Date: April 2, 2026
Regulation: SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Form Type: Annual Disclosure under Regulation 30
Filed By: Surendra Bhandari (Promoter and Managing Director)
Reference Period: As of March 31
Encumbrance Status: No encumbrances created

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.

Promoter Details: Number of Shares Percentage Holding Diluted Percentage
Surendra Bhandari: 10,00,684 15.16% 15.16%
Yashvardhan Bhandari: 4,13,700 6.26% 6.26%
Hittco Properties LLP: 3,70,051 5.60% 5.60%
Madhu Bhandari: 70,077 1.06% 1.06%
Sidharth Bhandari: 19,379 0.29% 0.29%
Total Promoter Group: 18,73,891 28.37% 28.37%

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.

Historical Stock Returns for Hittco Tools

1 Day5 Days1 Month6 Months1 Year5 Years
-0.36%-6.81%-5.11%-18.89%-18.89%+94.49%

Will the promoter group consider increasing their stake beyond 28.37% through open market purchases or preferential allotments in the coming quarters?

How might Hittco Tools' expansion plans be affected by the current promoter shareholding structure and available funding options?

Could the company explore strategic partnerships or joint ventures given the promoters' relatively moderate 28.37% holding compared to typical Indian promoter stakes?

More News on Hittco Tools

1 Year Returns:-18.89%