BSECompany Update10 Aug 2026 · 10 Aug 2026, 08:15 pm
Pursuant to regulation 32 of SEBI ( LODR) Regulation, 2015 enclosed herewith statement of Deviation or Variation in utilization of fund raised through Preferential issue of equity share ....
Hittco Tools Ltd · 531661
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Hittco Tools Ltd has filed a statement of deviation or variation in the utilization of funds raised through a preferential issue of equity shares for the quarter ended June 30, 2026. The company has allotted 4,45,000 equity shares at an issue price of Rs. 13.92 per share, including a premium of Rs. 3.92 per share, and has utilized Rs. 36,54,056.20 out of the total funds raised of Rs. 61,94,400.
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Hittco Tools Ltd - 531661 - Compliances-Statement Of Deviation Or Variation In Utilization Of Funds
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RegisteredOffice-No17-C,KIADBIndustrialArea,2nd Phase,Peenya,Bangalore-560058
CIN:L28939KA1995PLC016888;website-www.hittco.com;
Email Id:cs@hittco.com;ContactNo.:08040865062
Date:10.08.2026
The Manager
Dept. ofCorporate Serviees - Listing,
BSE Limited,
25th Floor, P.J tower, Dalal Street,
Mumbai - 400001.
Script Code: 531661
Subject: - Statement of Deviation or Variation in utilization of funds
raised under Regulation 32 of SEBI (Listing Obligations and Disclosure
Requirements) Regulation, 2015 for the Quarter ended June 30, 2026
Dear Sir/Madam, Pursuant to Regulation 32 ofSEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, as amended, please find
enclosed herewith the Statement of Deviation or variation in utilization of
funds raised through Preferential Issue of Equity Share by the Company, for
the quarter ended June 30, 2026.
Please take the above information on record.
For Hittco Tools Limited
SURENDRA BHANDARI
Managing Director
DIN: 00727912
RegisteredOffice-No17-C,KIADBIndustrialArea,2nd Phase,Peenya,Bangalore-560058
CIN:L28939KA1995PLC016888;website-www.hittco.com;
Email Id:cs@hittco.com;ContactNo.:08040865062
Statement of Deviation/Variation in Utilisation of Funds Raised
Name oflisted entity HITTCO TOOLS LIMITED
Mode ofFund Raising Preferential Issue of Equity Shares
Date of Raising Funds 1. Date ofApproved by
Shareholders- 18th February
2026.
2. Date ofAllotment of Equity
Share- 28th March, 2026.
Amount Raised The Company Has Allotted 4,45,000
Equity Shares at an issue price of
Rs. 13.92 per Equity share,
Including Premium of Rs. 3.92 per
Equity Share. Allottee has paid full
amount ofRs.6l,94,400.
Report filed for Quarter
ended 30tH June 2026
Monitoring Agency Not applicable
Monitoring Agency Name, if
applicable Not applicable
Is there a Deviation / Not applicable
Variation in use of funds
raised
Ifyes, whether the same is
pursuant to change in terms
ofa contract or objects, Not applicable
which was approved
by the shareholders
IfYes, Date of shareholder
Approval Not applicable
Explanation for the
Deviation / Variation Not applicable
Comments ofthe Audit
Committee after review None
Comments ofthe auditors, if
any None
RegisteredOffice-No17-C,KIADBIndustrialArea,2nd Phase,Peenya,Bangalore-560058
CIN:L28939KA1995PLC016888;website-www.hittco.com;
Email Id:cs@hittco.com;ContactNo.:08040865062
OBJECTS FOR WHICH FUNDS HAVE BEEN RAISED AND WHERE THERE
HAS BEEN A DEVIATION, IN THE FOLLOWING TABLE:-
Modifie Modifi Deviation/Va
d ed riation for
Original
Object, alloeat Funds the quarter Remax
Object Allocatio
ifany ion, if Utilised according ks
any to applicable
object
Expansion Not Rs. Not Not
of Applic 41,06,00 Applic 36,54,056. None Applic
Business able o able 20 able
General Not Rs Not Not
Corporate Applic 20,88,40 Applic Nil None Applic
Purpose able o able able
Note: - Total Fund = 61,94,400, Utilized F`und= 36,54,056.20, Balance
Fund= 25,40,343.80.
Deviation or variation could mean:
(a) Deviation in the objects or purposes for which the funds have been
raised or
(b) Deviation in the amount offunds actually utilized as against what was
originally disclosed or
(c) Change in terms of the contract referred to in the fund-raising document
i.e. prospectus, letter ofoffer, etc.
Please take the same on your record and acknowledge the receipt of the
same.
For Hittco Tools Limited
SURENDRA BHANDARI
Managing Director
DIN: 00727912