BSECompany Update2d ago · 2 Nov 2026, 12:25 pm
Navigant Corporate Advisors Ltd ("Manager to the Offer") has submitted to BSE a copy of Detailed Public Statement for the attention of the Equity Shareholders of Hittco Tools Ltd ("Target Company").
Hittco Tools Ltd · 531661
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Navigant Corporate Advisors Ltd has submitted a Detailed Public Statement to the BSE for the attention of the equity shareholders of Hittco Tools Ltd, regarding an open offer for up to 58,77,261 equity shares representing 26.00% of the company's expanded equity and voting share capital at Rs. 15.30 per share.
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Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk8/10
Balance Sheet Risk4/10
Liquidity Impact9/10
Market Sentiment5/10
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Hittco Tools Ltd - 531661 - Detailed Public Statement
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AA 4
Navigant
NAVIGANT CORPORATE ADVISORS LIMITED
Regd. Office: 804, Meadows, Sahar Plaza Complex,J B Nagar, Andheri-Kurla Road,
Andheri (East) Mumbai-400 059; Tel: +91-22- 4120 4837 / +91 22 4973 5078
Email: navigant@navigantcorp.com; Website:www.navigantcorp.com (CIN: L67190MH2012PLC231304)
Date: 02.11.2026
The Manager
Dept. of Corporate Services
BSE Limited,
Phiroze Jeejeebhoy Towers,
Dalal Street, Fort
Mumbai - 400 001
Sub: Detailed Public Statement to the shareholders of Hittco Tools Limited (BSE Code: 531661)
Dear Sir,
We are pleased to inform that we have been appointed as ‘Manager to the Offer’ by Irfan Ismail Chapra
(Acquirer-1), Reshma Irfan Chapra (Acquirer-2) and Mubina Gulzar Sofia (Acquirer-3) (Acquirer-1, Acquier-2
and Acquirer-3 hereafter referred to as the “Acquirers”) for acquiring up to 58,77,261 equity shares of
face value of Rs. 10/- each of Hittco Tools Limited (‘Target Company’) representing 26.00% of the
Expanded Equity and Voting Share Capital of the Target Company at a price of Rs. 15.30/- per Share fully
paid-up Equity Share and Rs. 10.30 per partly paid-up share (‘Offer Price’), through Open Offer under
Regulation 3(1), 4 read with Regulation 15(1) and 13(2)(g) of SEBI (SAST) Regulations, 2011 (‘the
Regulations’).
As per Regulation 13 (4) & 14 (3) of SEBI (SAST) Regulations, 2011, the Detailed Public Statement (DPS)
has been published on 02" November, 2026.
A copy of the DPS is attached herewith for your reference and records. We are also submitting herewith a
Soft Copy of the same in PDF format. You are requested to upload the same on your website.
Thanks & Regards,
For Navigant Corporate Advisors Limited
Sarthak Vijlani
Managing Director