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.

Iykot Hitech Toolroom Limited, a company listed on the Bombay Stock Exchange (BSE: 522245), conducted an Extra-Ordinary General Meeting (EGM) on October 27, 2025, to seek approval for the re-classification of its Promoter category. The meeting, held through video conferencing, lasted from 11:00 AM to 11:15 AM IST.

Key Meeting Details

Voting Process

The company provided an e-voting facility through the Central Depository Services (India) Limited platform to enable shareholders to cast their votes on the resolution. The remote e-voting period was as follows:

• Start: October 24, 2025, at 09:00 AM IST
• End: October 26, 2025, at 5:00 PM IST

Additionally, e-voting was available during the meeting and remained open for 15 minutes after its conclusion.

Scrutiny and Results

M/s. Lakshmmi Subramanian & Associates, Practicing Company Secretaries from Chennai, were appointed as the Scrutinizer to oversee the voting process. The company has stated that the e-voting results, along with the consolidated Scrutinizer report, will be:

1. Disseminated to the Stock Exchange within the prescribed timelines
2. Uploaded on the company's website
3. Displayed on the depository's platform
4. Posted on the notice board at the company's Registered Office

Key Attendees

The meeting was attended by several key personnel, including:

A representative from M/s. Lakshmmi Subramanian & Associates, the company's Secretarial Auditor, was also present at the meeting.

The outcome of this EGM, particularly the results of the vote on the re-classification of the Promoter category, may have significant implications for the company's ownership structure and could potentially impact investor perceptions. Shareholders and interested parties are advised to monitor the company's official communications for the release of the voting results and any subsequent announcements regarding the promoter re-classification.