Hittco Tools Limited has secured trading approval from BSE Limited for the listing and trading of 4,45,000 equity shares allotted on a preferential basis. The shares were issued at a price of ₹13.92 per share, resulting in a total issue size of ₹61,94,400. The securities are listed and available for trading effective June 8, 2026.

The preferential issue was made to both promoter and non-promoter categories. Each equity share carries a face value of ₹10 and was issued at a premium of ₹3.92. The distinctive numbers assigned to the shares range from 6729148 to 7174147.

The company confirmed the receipt of the exchange's communication via letter no. LOD/PREF/SV/135/2026-2027 dated June 5, 2026. This approval follows the submission of the application and subsequent documents by the company to the exchange.

Details of the Preferential Issue

Hittco Tools reported a widened net loss of ₹70.73 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹0.63 lakh in the previous year. Revenue from operations rose to ₹80.97 crore for FY26, up from ₹69.45 crore in the corresponding period last year. The company's total income stood at ₹81.23 crore, while total expenses increased to ₹87.14 crore.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026. The audit report with an unmodified opinion was submitted by DTSB & Associates, Chartered Accountants, the statutory auditors. The meeting commenced at 1:00 PM and concluded at 3:10 PM.

For the quarter ended March 31, 2026, the company reported a net profit of ₹11.79 lakh, reversing from a net loss of ₹26.01 lakh in the quarter ended December 31, 2025. Revenue from operations for the quarter stood at ₹247.39 lakh, compared to ₹191.23 lakh in the preceding quarter. Total expenses for the quarter were ₹228.53 lakh.

The basic and diluted earnings per share (EPS) for FY26 were reported at (0.00), compared to (0.00) in the previous year. For the quarter ended March 31, 2026, the EPS stood at 0.12. The company's paid-up equity share capital as of March 31, 2026, was ₹648.10 lakh.

Financial Performance

Segment Performance

The company operates in the cutting tools segment. Gross segment revenue for the year ended March 31, 2026, was ₹812.31 lakh, compared to ₹737.47 lakh in the previous year. The segment reported a loss before interest and tax of ₹46.35 lakh for the current year, compared to a profit of ₹24.78 lakh in the prior year. Total segment assets as of March 31, 2026, were ₹875.17 lakh.