Key Resolution Details

Item No. 1: Increase in Authorised Share Capital and Consequential Alteration of Memorandum of Association

  • Current Authorised Share Capital: ₹15,00,00,000 (Rupees Fifteen Crore only) divided into 1,50,00,000 Equity Shares of ₹10/- each
  • Proposed Increased Authorised Share Capital: ₹35,00,00,000 (Rupees Thirty-Five Crore only) divided into 3,50,00,000 Equity Shares of ₹10/- each
  • Additional Shares to be Created: 2,00,00,000 Equity Shares of ₹10/- each
  • Shares will rank pari passu in all respects with existing Equity Shares
  • Requires alteration of Clause V of Memorandum of Association
  • Resolution Type: Ordinary Resolution

Voting Schedule

  • Cut-off Date: Friday, 10 July 2026 (for determining voting eligibility)
  • Remote E-voting Commencement: Thursday, 16 July 2026 at 9:00 AM (IST)
  • Remote E-voting Conclusion: Friday, 14 August 2026 at 5:00 PM (IST)
  • Expected Results Declaration: On or before Tuesday, 18 August 2026

Voting Mechanics

  • Remote e-voting facility provided through Central Depository Services (India) Limited (CDSL)
  • Voting rights reckoned on paid-up value of Equity Shares registered as on cut-off date
  • For joint holders, only the first-named holder entitled to vote
  • Once vote is cast, it cannot be modified or changed
  • Physical copies of ballot notice not being sent - only electronic transmission

Scrutinizer Appointment

  • Mr. Manjeet, Practicing Company Secretary (Membership No-11588) appointed as Scrutinizer
  • Scrutinizer to conduct postal ballot e-voting process in fair and transparent manner
  • Scrutinizer will submit report to Managing Director after completion of vote scrutiny

Purpose and Rationale

  • To provide greater flexibility for future fund-raising opportunities
  • To enable issuance of further equity shares through various mechanisms
  • To facilitate rights issue, preferential issue, qualified institutional placement
  • To support employee stock option schemes implementation
  • To accommodate strategic investments and conversion of securities
  • To meet other corporate requirements as may arise

Document Accessibility

  • Available on company website: www.hittco.com
  • Available on BSE Limited website: www.bseindia.com
  • Available on CDSL website: www.evotingindia.com
  • Available for inspection at Registered Office: No.17-C, KIADB Industrial Area, 2nd Phase, Peenya, Bangalore-560058

Capital Structure Impact

  • Pre-event Authorised Capital: ₹15 crore (1.5 crore shares of ₹10 each)
  • Post-event Authorised Capital: ₹35 crore (3.5 crore shares of ₹10 each)
  • Increase of ₹20 crore through creation of 2 crore additional shares
  • No dilution impact disclosed as this is authorized capital increase only

Financial Impact

  • No immediate financial impact quantified in the disclosure
  • Potential future impact depending on utilization of increased authorized capital

Governance Aspects

  • Board approval obtained on 15th July 2026
  • None of Directors, Key Managerial Personnel or their relatives financially interested except to extent of their shareholding
  • Compliance with Secretarial Standard SS-2 issued by ICSI