Hittco Tools MD, chairman, board of directors and AGM
BSE: 531661Industrial ManufacturingSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹16.00.
- The board meets on 26 Oct 2026 to consider: issue of warrants and preferential issue of shares.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹10 Cr4,872nd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
- Earlier quarters restated in the year
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 30 May 2026
- 0.0
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 10 Aug 2026
- 0.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 30 May 2026
- 1.26
- Volume, BSEVolume. Shares traded on the last trading day.
- 31,714
Hittco Tools board of directors
At the end of the quarter to Jun 2020, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonSurendra Bhandari
- Company Secretary and Compliance OfficerShalini Kashyap
9 directors5 independent1 executive3 non-executive
- Surendra Bhandari · ChairpersonExecutive · joined Jan 1995 · reappointed Nov 2019 · 60 months as independent · 1 listed board · 2 committee seats
- Sidharth BhandariNon-executive · joined Jan 1995 · reappointed Sep 2014 · 1 listed board
- Madhu BhandariNon-executive · joined Jan 1995 · reappointed Feb 2013 · 1 listed board
- Yashvardhan BhandariNon-executive · joined Dec 2017 · 1 listed board
- Vikram GuptaIndependent · joined Jun 2009 · reappointed Sep 2019 · 60 months as independent · 1 listed board · 1 as independent
- Satish Ramarao ShimogaIndependent · joined May 2008 · reappointed Sep 2019 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
- Rajeev Gobindram HassanandIndependent · joined May 2008 · reappointed Sep 2019 · 60 months as independent · 1 listed board · 1 as independent
- Menezes Braganca Nikhil Fernando DeIndependent · joined Sep 2018 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats
- Biligere Shekar PrakashIndependent · joined Mar 2017 · 60 months as independent · 1 listed board · 1 as independent
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 26 Jun 20207 present5 independent · 35 days in between
- 21 May 20208 present5 independent · 112 days in between
- 29 Jan 202010 present5 independent
Audit Committee
Chair Satish Ramarao Shimoga
Surendra Bhandari, Menezes Braganca Nikhil Fernando De
- 26 Jun 20203 present2 independent · 35 days in between
- 21 May 20203 present2 independent · 112 days in between
- 29 Jan 20203 present2 independent
Nomination and remuneration committee
Chair Satish Ramarao Shimoga
Madhu Bhandari, Menezes Braganca Nikhil Fernando De
- 21 May 20203 present2 independent
Stakeholders Relationship Committee
Chair Satish Ramarao Shimoga
Surendra Bhandari, Menezes Braganca Nikhil Fernando De
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- DTSB & ASSOCIATESPeer-review certificate valid to Apr 2027
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Hittco Tools AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Hittco Tools share news and announcements
Annual general meeting, 30 Sep 2026
4,915 shareholders on the register on 23 Sep 2026; present: 8 promoters and 36 others; votes counted by MANJEET / MANJEET AND ASSOCIATES.The company's voting result (opens in a new tab)
- To Receive, Consider and Adopt the financial Result, Director report for the fincial Year 31st March, 2026Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.10%
Turnout: all 25.53% · promoters 79.22% · institutions 3.10%
- To Re-appoint Mr. Sidharth Bhandari (DIN: 00237174), who retires by rotation and being eligible, offer himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.02%
Turnout: all 25.53% · promoters 79.22% · institutions 3.10%
- To Approve the Appointment of Shri RANJAN KOTEKAR (DIN: 02964263) as an Independent Director of the Company.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.10%
Turnout: all 25.53% · promoters 79.22% · institutions 3.10%
- To Re-Appoint Mr. Surendra Bhandari as Managing DirectorSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.10%
Turnout: all 25.53% · promoters 79.22% · institutions 3.10%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 14 Aug 2026, 1 resolution
4,956 shareholders on the register on 10 Jul 2026; votes counted by MANJEET / MANJEET AND ASSOCIATES.The company's voting result (opens in a new tab)
- Increase in Authorised Share Capital of the Company and consequent alteration of Clause V of the Memorandum of AssociationSpecial99.98% for0.02% against
Against: promoters 0.00% · other public 0.21%
Turnout: all 25.65% · promoters 80.25% · other public 4.02%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Compliance
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Mar 2026. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far. A statement's amounts are left out where the raise it states is more than ten times everything the company owns, a figure typed at the wrong scale.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Preferential IssuesFeb 2026 | – | Expansion of Business | – | – | No |
| Preferential IssuesFeb 2026 | – | General Corporate Purpose | – | – | No |