Iykot Hitech Appoints Rakesh Oza as CFO; Approves Capital Increase

Iykot Hitech Toolroom Ltd announced the appointment of Mr. Rakesh Oza as its new Chief Financial Officer (CFO) effective July 24, 2026. This decision was made during a Board of Directors meeting held on the same date. The meeting also saw the approval of several significant corporate actions, including a change in Ms. Vaishali Sharad Lad's designation to Additional Director (Whole-Time Director), an increase in authorized share capital from ₹15 crore to ₹40 crore, and the shifting of the company's registered office from Tamil Nadu to Maharashtra, all subject to member and regulatory approvals. Additionally, the company approved the appointment of M/s. A. Arul Anto & Co. as Internal Auditors and CDSL as the e-voting agency for the upcoming AGM. The resignation of Mr. Balakrishnan Thinagaran as CFO was also noted.