Iykot Hitech Toolroom Ltd has taken a significant step in addressing unpaid call monies from its rights issue. The company's Rights Issue Committee has approved the draft of Reminder-cum-Forfeiture Notices to be sent to shareholders who have not yet paid their call monies.

Key Details of the Decision

Background and Implications

The committee's decision is a continuation of an undertaking submitted to BSE Limited on July 26, 2025. This move aims to provide shareholders with adequate opportunities to pay their unpaid call monies, ensuring compliance with Sections 49 and 50 of the Companies Act 2013, Articles 35 to 41 of Table F of Schedule I, and the company's Articles of Association.

Regulatory Compliance

Iykot Hitech Toolroom Ltd has made this intimation in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This ensures transparency and keeps the market informed about significant corporate actions.

The company's proactive approach in addressing unpaid call monies demonstrates its commitment to maintaining financial discipline and shareholder equity. Investors and shareholders of Iykot Hitech Toolroom Ltd should take note of these notices and respond accordingly to avoid potential forfeiture of their partly paid-up shares.

Iykot Hitech Toolroom Ltd has announced a significant change in its shareholding structure, reclassifying Electronics Corporation of Tamil Nadu Ltd from the promoter category to the public category. This move, approved by shareholders on October 27, 2025, marks a notable shift in the company's ownership structure.

Key Details of the Reclassification

Impact on Promoter Group

Following this reclassification, the company's updated promoter group list includes:

1. Antariksh Dugar
2. Sunil Chandrakant T
3. Lakshmanan L
4. Balasubramonian R

It's worth noting that the complete list of promoters/promoter group, effective from October 27, 2025, includes additional members such as Padam Dugar, P Annjana Dugar, and Likhitta Dugar, among others.

Regulatory Compliance

The reclassification process adhered to Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Iykot Hitech Toolroom Ltd has duly informed the BSE Limited about this change, ensuring transparency and compliance with regulatory requirements.

Shareholding Structure

While the exact number of shares held by Electronics Corporation of Tamil Nadu Ltd before the reclassification is not specified, the move suggests a potential shift in the company's ownership dynamics. The reclassification may impact the overall promoter holding percentage and could influence the company's decision-making processes.

This corporate action reflects the evolving ownership structure of Iykot Hitech Toolroom Ltd and may be of interest to investors and market analysts tracking changes in promoter holdings and public shareholding patterns in listed companies.