Hittco Tools Limited has officially communicated to BSE Limited that corporate governance requirements under SEBI (LODR) Regulations, 2015 do not apply to the company for the quarter ended December 31, 2025. The notification, dated January 13, 2026, cites specific financial thresholds that exempt the company from these regulatory obligations.

Regulatory Exemption Criteria

The company's exemption from corporate governance provisions is based on two key financial parameters as specified under Regulation 15(2) of SEBI (LODR) Regulations, 2015:

Since both parameters fall below the prescribed limits, Hittco Tools Limited is not required to comply with corporate governance reporting requirements under Regulation 27(2) of SEBI (LODR) Regulations, 2015.

Corporate Governance Report Waiver

The communication to BSE, signed by Managing Director Surendra Bhandari (DIN: 00727912), formally requests the exchange to take note of the company's exempt status. This exemption means the company will not submit corporate governance reports for the third quarter of fiscal year 2026, maintaining compliance with regulatory provisions while acknowledging its current financial position.

Investor Grievance Status

Cameo Corporate Services Limited, serving as the company's registrar and transfer agent, submitted the investor grievance redressal report for the October-December 2025 quarter. The report indicates a clean record with no investor complaints:

The company maintains its registered office at No-17-C, KIADB Industrial Area, 2nd Phase, Peenya, Bangalore-560058, and operates under CIN: L28939KA1995PLC016888. With BSE scrip code 531661 and ISIN INE863C01019, Hittco Tools Limited continues to fulfill its disclosure obligations while operating within the regulatory framework designed for smaller listed entities.

Hittco Tools Limited , a Bangalore-based company, has announced the forfeiture of 2,47,600 equity shares due to non-payment of call money. This decision was approved by the company's Board of Directors during a meeting held on November 14, 2025.

Key Details of the Forfeiture

The forfeiture action affects partly paid-up equity shares with a face value of ₹10 each. Shareholders failed to pay the balance allotment money of ₹5 per share, despite receiving repeated reminders and a final notice from the company.

Affected Shareholders

The forfeited shares belonged to two entities:

Regulatory Compliance

Hittco Tools Limited has stated that the forfeiture process was carried out in accordance with the applicable provisions of the Companies Act, 2013, relevant Rules, and the company's Articles of Association. The action also complies with SEBI (LODR) Regulations, following standard procedures for reporting outcomes to the stock exchange.

Impact on Share Capital

Following the forfeiture, the company plans to update its Register of Members and corporate records accordingly. This action may affect the company's paid-up share capital, potentially reducing it by the number of forfeited shares.

Financial Performance Context

In its recent financial results, Hittco Tools Limited reported a loss for the quarter ended September 30, 2025. The company posted a net loss of ₹24.55 lakh, compared to a loss of ₹29.06 lakh in the corresponding quarter of the previous year.

Conclusion

The forfeiture of equity shares underscores the importance of timely payment of call money by shareholders. It also highlights the company's commitment to maintaining proper capital structure and compliance with regulatory requirements. Investors and stakeholders may want to monitor how this action could impact Hittco Tools Limited's financial position and future capital raising activities.