Hittco Tools Limited
Fund Raising Details
Mode of Fund Raising: Preferential Issue of Equity Shares
Approval and Allotment Dates:
- Date of Shareholder Approval: 18th February 2026
- Date of Allotment of Equity Shares: 28th March 2026
Amount Raised: The company allotted 4,45,000 equity shares at an issue price of ₹13.92 per equity share, including a premium of ₹3.92 per equity share. The total amount raised was ₹61,94,400, with the allottee having paid the full amount.
Fund Utilization and Objects
Original Allocation of Funds:
- Expansion of Business: ₹41,06,000
- General Corporate Purpose: ₹20,88,400
Utilization Status: As of March 31, 2026, no funds had been utilized for either object. The company reported nil utilization against both allocated categories.
Deviation/Variation Status
The company explicitly stated that there is no deviation or variation in the use of funds raised. All responses in the deviation/variation section of the form are marked as "Not applicable" or "None".
Financial Impact
The disclosure confirms that despite raising ₹61.94 lakhs through the preferential issue, the company had not utilized any of these funds as of the quarter ending March 31, 2026. The financial impact of the fund raising remains potential rather than realized, with no actual deployment against the stated objects.