StockWatch
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Industrial Products
Management Change24 Jul 2026, 06:52 pm

Iykot Hitech Director Designation Change & Capital Increase

AI Summary

Iykot Hitech Toolroom Ltd announced a significant board meeting outcome on July 24, 2026. Ms. Vaishali Sharad Lad's designation changed from Additional Director (Non-Executive) to Additional Director (Whole-Time Director) for a 5-year term, subject to member approval. The company also approved a substantial increase in authorized share capital from ₹15 crore to ₹40 crore and the shifting of its registered office from Tamil Nadu to Maharashtra. Additionally, Mr. Rakesh Oza was appointed Chief Financial Officer, and Ms. Drishti Dawara was appointed Company Secretary and Compliance Officer. The board also approved unaudited financial results for Q1 FY27 and other corporate actions.

Key Highlights

  • Ms. Vaishali Sharad Lad appointed Whole-Time Director.
  • Authorized share capital increased from ₹15 Cr to ₹40 Cr.
  • Registered office to shift from Tamil Nadu to Maharashtra.
  • Mr. Rakesh Oza appointed as new Chief Financial Officer.
  • Unaudited financial results for Q1 FY27 approved.