Iykot hitech toolroom Limited has received relief from BSE Limited regarding SOP (Straight Through Processing) fines that were levied for alleged regulatory non-compliance. The company announced on January 29, 2026, that BSE has acceded to its waiver request and withdrawn the imposed penalties.

Fine Waiver Details

The waiver pertains to SOP fines that were levied pursuant to SEBI's Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The fines were imposed for alleged non-compliance with certain regulations under Regulation 31A(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company Representations and BSE Decision

The company had made several correspondences and representations to BSE Limited challenging the imposed fines. After due consideration of the facts and submissions presented by IYKOT HITECH TOOLROOM, BSE Limited concurred with the company's position and decided to withdraw the SOP fines.

The waiver was formally communicated to the company through BSE's mail dated January 13, 2026. In its disclosure, the company expressed gratitude to the stock exchange for conceding to the waiver request.

Regulatory Compliance

This disclosure has been made by the company pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates listed companies to inform stock exchanges about material events and developments. The announcement was signed by Likhitta Dugar, Whole Time Director of the company, with DIN: 09768742.

The successful waiver of these regulatory fines removes a financial burden from the company and demonstrates the effectiveness of proper representation in regulatory matters. IYKOT HITECH TOOLROOM operates from its registered office in Chennai and is engaged in toolroom and precision engineering activities.

Iykot Hitech Toolroom Limited has successfully resolved its contractual dispute with its lessor and resumed normal operations. The company disclosed this information in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Developments

• The lessor of Iykot Hitech Toolroom's factory premises had locked the facility, restricting access and temporarily affecting operations.
• The company actively engaged in discussions with the lessor to resolve the matter promptly.
• Iykot Hitech Toolroom regained full access to its leased factory premises following an amicable settlement of the issue.
• The company has now resumed normal operations at the facility.

Resolution Impact

The swift resolution of the dispute has allowed Iykot Hitech Toolroom to minimize the operational disruption. The company's proactive approach in addressing the issue and reaching an amicable settlement demonstrates its commitment to maintaining business continuity.

Financial Context

To provide context on the company's financial position, here's a snapshot of Iykot Hitech Toolroom's key balance sheet items as of March:

The company's balance sheet shows a significant reduction in current liabilities and an increase in total equity compared to the previous year. However, there's also a notable decrease in total assets and current assets, which could potentially impact the company's ability to manage operational challenges.

Investors and stakeholders are advised to monitor the company's performance and any further announcements regarding its operations and financial performance.