Iykot Hitech Toolroom Limited faces a mandatory open offer from Aspect Global Ventures Private Limited, as the acquirer seeks to purchase up to 26,98,298 equity shares at ₹8.50 per share under SEBI's takeover regulations.

Transaction Overview

The open offer stems from a Share Purchase Agreement executed on February 24, 2026, between Aspect Global Ventures and the existing promoters of Iykot Hitech Toolroom Limited. The comprehensive transaction structure involves multiple components:

The acquirer has already committed to purchasing 35,89,080 equity shares from the selling promoters at ₹8 per share, representing 34.58% of the voting share capital.

Share Capital Structure

The target company's share capital structure underwent significant changes following a Board Resolution dated January 9, 2026. The company forfeited 99,01,931 partly paid-up equity shares where call money remained unpaid:

This restructuring established the basis for calculating the 26% offer size mandated under SEBI regulations.

Acquirer Profile

Aspect Global Ventures Private Limited, incorporated originally as KBJ Ventures Private Limited in November 2017, operates from Mumbai with a registered office at Mansions One, Linking Road, Bandra West. The company's business activities focus on property development, trust management, and construction services.

Financial Standing:

• Net Worth (September 30, 2025): ₹56,565.81 lakhs
• Authorized Share Capital: ₹10,00,00,000
• Paid-up Share Capital: ₹5,62,69,000

The acquirer's recent financial performance shows total revenue of ₹59,017.01 lakhs and profit after tax of ₹8,694.46 lakhs for the six months ended September 30, 2025.

Target Company Operations

Iykot Hitech Toolroom Limited specializes in comprehensive injection molding services, including mold design, mold making, and injection molding operations. The company provides engineering support services encompassing product design, material selection, production optimization, and quality control.

Recent business expansion includes part manufacturing and contractual manufacturing of kitchen and home appliances. The company's financial performance for nine months ended December 31, 2025, showed total income of ₹149.07 lakhs with a loss after tax of ₹107.39 lakhs.

Offer Timeline and Process

The open offer follows a structured timeline under SEBI regulations:

The acquirer has established escrow arrangements with ICICI Bank Limited, depositing the full offer consideration of ₹2,29,35,533 to ensure payment capability.

Regulatory Compliance

The offer price of ₹8.50 per share represents the highest among various pricing parameters under SEBI regulations, including the negotiated price of ₹8 per share in the underlying Share Purchase Agreement and the independent valuer's assessment of ₹8.33 per share.

Saffron Capital Advisors Private Limited serves as the Manager to the Open Offer, while Cameo Corporate Services Limited acts as the Registrar. The offer will be implemented through BSE's acquisition window mechanism, with Choice Equity Broking Private Limited appointed as the buying broker.

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.