Iykot Hitech Toolroom Limited shareholders approved a suite of strategic and administrative resolutions at the company’s 35th annual general meeting held on September 4, 2026. The meeting, conducted via video conferencing, saw overwhelming support for all items, with nearly 100% of votes cast in favor of each resolution.

The most significant corporate actions included shifting the registered office from Tamil Nadu to Maharashtra and altering the memorandum of association to permit business activities in bullion, precious metals, gems, and jewellery. These changes require special resolution approval, demanding a three-fourth majority of votes cast.

Key Resolutions Passed

Shareholders voted on ordinary and special business items. All resolutions were passed with requisite majorities. The voting details are summarized below:

Director Appointments Regularized

The AGM also focused on governance matters, specifically the regularization of director appointments. Shareholders approved the following appointments:

• Mrs. Aksha Mohit Kamboj as Non-Executive Non-Independent Director
• Mr. Sukumar Anand Shetty as Non-Executive Non-Independent Director
• Ms. Vaishali Sharad Lad as Whole-Time Director for five years, effective July 24, 2026
• Mr. Vaibhav Agarwal as Non-Executive Independent Director
• Mr. Rajesh Chunilal Bhojani as Non-Executive Independent Director
• Mr. Arjun Bikas Dutta as Non-Executive Independent Director

All director-related resolutions were passed with simple majority support.

Voting Participation and Results

A total of 49 shareholders participated in the e-voting process, representing 4,081,059 shares. For most resolutions, valid votes cast in favor stood at 4,081,058 shares, while only 1 share voted against. This resulted in a 99.99% approval rate across all items.

The only deviation occurred during the vote on the sale of fixed assets. While the resolution still passed with 99.99% support among valid votes, the scrutinizer’s report noted that 3,820,080 shares were marked as invalid votes for this specific item, leaving 260,979 valid shares. Of these, 260,978 voted in favor and 1 against.

What the Numbers Show

The uniformity in voting results across all resolutions indicates strong promoter control or high institutional alignment. With only one share dissenting on every single resolution, there is no visible shareholder opposition to the strategic pivot toward precious metals or the geographical relocation of the registered office. The high volume of invalid votes on the asset sale resolution warrants monitoring, though it did not impact the final outcome given the margin of support.

Iykot Hitech Toolroom Limited will hold its 35th Annual General Meeting (AGM) on Friday, September 4, 2026, at 11:30 A.M. IST. The meeting, addressing shareholders regarding the financial year 2025-26, will be conducted through Video Conferencing or Other Audio Visual Means (OAVM). This virtual format allows members to participate and vote remotely, ensuring broader accessibility for stakeholders across locations without the need for physical presence.

The company submitted its Annual Report along with the Notice of the AGM to the Bombay Stock Exchange (BSE) on August 11, 2026, in compliance with Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, pursuant to Regulation 36(1)(b) of the SEBI Listing Regulations, the company sent a letter providing a web-link of the Annual Report 2025-2026 to members who have not registered their email addresses with the company or depositories. The notice was dispatched electronically to those who have registered their email addresses.

Shareholders wishing to exercise their voting rights must note that the cut-off date for determining eligibility is Friday, August 28, 2026. The e-voting period commences on Tuesday, September 1, 2026, at 9:00 A.M. IST and concludes on Thursday, September 3, 2026, at 5:00 P.M. IST. Investors must cast their votes within this window to ensure their preferences are recorded for the resolutions proposed at the AGM. During the meeting period, the company’s Register of Members and Share Transfer Books will remain closed from Saturday, August 29, 2026, to Friday, September 4, 2026, inclusive.

Board Composition

The company’s Board of Directors comprises six members, including three non-executive independent directors and three non-executive non-independent directors. Vaishali Sharad Lad serves as the Whole Time Director, overseeing financial management and treasury operations. The board includes experienced professionals such as Vaibhav Agarwal, a Chartered Accountant with over 23 years in banking; Rajesh Chunilal Bhojani, who holds a Master's in Management Studies; and Arjun Bikas Dutta, a seasoned financial consultant with extensive regulatory experience.

The board structure reflects a mix of financial expertise, strategic leadership, and compliance knowledge. Aksha Mohit Kamboj brings experience in multi-sector business operations, including bullion and real estate, while Sukumar Anand Shetty contributes expertise in financial management and business administration. The independent directors provide oversight through various committees, including Audit, Nomination and Remuneration, and Stakeholders Relationship Committees, ensuring robust corporate governance practices.