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.

Iykot Hitech Toolroom LIMITED, a company listed on the Bombay Stock Exchange (BSE: 522245), has taken a significant step towards modernizing its corporate governance structure. The company announced the adoption of a new set of Memorandum of Association (MOA) and Articles of Association (AOA) in line with the Companies Act, 2013, following approval by special resolution at its 34th Annual General Meeting (AGM) held on September 23, 2025.

Key Changes in the MOA

The company has implemented several important modifications to its MOA:

1. Restructured Clauses: The MOA now features renamed and restructured clauses:

   • Clause III (A): Outlines the objects to be pursued by the company upon incorporation.
   • Clause III (B): Addresses matters necessary for furthering the objects specified in Clause III (A).
   • Clause IV: Limits member liability to unpaid amounts on shares held.

2. Removal of 'Other Objects': The new MOA has eliminated Clause III (C), which previously related to 'Other Objects' (points 1 to 22).

Updated Articles of Association

The company's new AOA is based on Table F of Schedule I of the Companies Act, 2013, which provides a model structure for Articles of Association for companies limited by shares. This update aligns Iykot Hitech Toolroom's governance documents with the latest regulatory standards.

AGM Proceedings

The changes were approved during the company's 34th AGM, which was conducted through video conferencing. Key highlights of the meeting include:

• The AGM was chaired by Mrs. Annjana Dugar, Non-Executive Director.
• A total of 52 members, including promoter shareholders and directors, attended the meeting.
• The meeting addressed both ordinary and special business items, including the adoption of financial statements and the appointment of auditors.

Management's Perspective

Ms. Likhitta Dugar, Wholetime Director of Iykot Hitech Toolroom LIMITED, stated in the company's disclosure, "The adoption of new MOA and AOA is in accordance with the Companies Act, 2013, reflecting our commitment to maintaining the highest standards of corporate governance and regulatory compliance."

This move by Iykot Hitech Toolroom LIMITED demonstrates the company's proactive approach to aligning its governance structure with current regulatory requirements, potentially enhancing transparency and efficiency in its operations.

Investors and stakeholders can access further details about these changes through the company's filings with the BSE and on its official website.