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.

IYKOT HITECH TOOLROOM LIMITED, a company listed on the Bombay Stock Exchange (BSE: 522245), has announced significant corporate actions following a board meeting. The company's Board of Directors has approved several key decisions, including the reclassification of a major shareholder and the scheduling of an Extraordinary General Meeting (EGM).

Promoter Reclassification

The Board has approved the reclassification of Electronics Corporation of Tamil Nadu Ltd (ELCOT) from the 'Promoter/Other Promoter' category to the 'Public' category. This decision comes after receiving a No-Objection Certificate from BSE Limited for the proposed reclassification. The move is in compliance with Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Extraordinary General Meeting

An Extraordinary General Meeting has been scheduled for October 27, at 11:00 AM (IST). The meeting will be conducted via video conferencing or other audio-visual means (VC/OAVM) to seek shareholder approval for the aforementioned reclassification.

Corporate Governance Measures

The company has taken note of a warning letter received from BSE Limited regarding the non-filing of corporate announcements related to the reclassification application. In response, IYKOT HITECH TOOLROOM has implemented measures to ensure compliance and transparency:

1. Appointment of Scrutinizer: M/s. Lakshmmi Subramanian & Associates, Practicing Company Secretaries, has been appointed as the scrutinizer for conducting the remote e-voting and e-voting process at the EGM.

2. E-voting Agency: The Board has proposed to engage Central Depository Services (India) Ltd. (CDSL) as the e-voting agency for the EGM, facilitating shareholder participation and voting.

These actions demonstrate the company's commitment to adhering to regulatory requirements and maintaining good corporate governance practices.

The board meeting where these decisions were made commenced at 04:00 PM and concluded at 05:00 PM. Likhitta Dugar, Whole Time Director of IYKOT HITECH TOOLROOM LIMITED, signed off on the official communication to the BSE.

Investors and stakeholders are advised to take note of these developments, particularly the upcoming EGM, which will play a crucial role in determining the company's shareholding structure.