Iykot hitech toolroom Limited has received trading approval from Bombay Stock Exchange Limited for 1,94,323 equity shares pursuant to conversion of partly paid-up shares to fully paid-up shares. The company announced that these equity shares are now listed and admitted to dealings on the exchange with effect from Thursday, February 26, 2026.

Trading Approval Details

The company has provided comprehensive details about the approved securities and their trading parameters:

Share Conversion Process

The approved shares represent a conversion from partly paid-up shares to fully paid-up shares of Rs.5 each. BSE has confirmed that these shares are pari-passu with the old equity shares of the company, ensuring equal rights and privileges for all shareholders.

Distinctive Number Allocation

BSE has allocated specific distinctive number ranges for the converted shares:

Regulatory Compliance

The company has made this intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was signed by Lik Hitta Dugar, Whole Time Director, and communicated to both the exchange and shareholders for their information.

Exchange Communication

BSE issued Notice No. 20260225-11 dated February 25, 2026, informing trading members about the permission to trade in these new securities. The exchange has categorized this under company-related notices in the equity segment, ensuring proper dissemination of information to all market participants.

Iykot Hitech Toolroom Limited has formally disclosed the execution of a Share Purchase Agreement (SPA) by its promoters for the sale of 34.58% equity stake to Aspect Global Ventures Private Limited. The regulatory disclosure filed under SEBI LODR Regulations confirms the completion of the transaction structure that triggers a mandatory open offer to public shareholders.

Share Purchase Agreement Execution

The promoters executed the SPA on February 24, 2026, with Aspect Global Ventures Private Limited for the sale of 35,89,080 fully paid-up equity shares. The transaction involves four promoter shareholders selling their combined holdings at ₹8.00 per share.

Promoter Shareholding Details

The SPA encompasses the complete sale of holdings from four promoter shareholders, representing a significant ownership transfer in the toolroom manufacturing company.

Share Capital Structure and Forfeiture Impact

The company's voting share capital calculation reflects the Board's earlier decision on January 9, 2026, to forfeit 99,01,931 partly paid-up equity shares where call money remained unpaid by shareholders.

Mandatory Open Offer Requirements

Pursuant to SEBI takeover regulations, Aspect Global Ventures must make an open offer to public shareholders for 26% of the existing voting share capital at ₹8.50 per share.

Control Transfer and Management Restructuring

The SPA provides for comprehensive management changes upon completion of the open offer. Aspect Global Ventures will be entitled to exercise control over the company after twenty-one working days from the detailed public statement, subject to regulatory approvals.

Key control provisions include appointment of Acquirer-nominated directors, resignation of Seller-nominated directors, and reclassification of Acquirer as Promoter under SEBI LODR Regulations. The agreement includes extensive covenants restricting the sellers from various corporate actions during the agreement currency, including limitations on share transfers, capital structure alterations, and material business decisions without Acquirer consent.