Corporate Action24 Jul 2026, 07:00 pm
Iykot Hitech Increases Authorized Capital to ₹40 Cr
AI Summary
Iykot Hitech Toolroom Ltd's Board of Directors has approved a significant increase in the company's authorized share capital from ₹15 crore to ₹40 crore. This proposal is subject to shareholder approval. The board also approved changes in director designation, appointment of a new CFO, alteration of MOA clauses, shifting of the registered office, appointment of internal auditors, and approval of unaudited financial results for the quarter ended June 30, 2026. The company is also preparing for its 35th Annual General Meeting.
Key Highlights
- Authorized capital to increase from ₹15 Cr to ₹40 Cr, pending shareholder nod.
- Director designation change from Additional to Whole-Time Director approved.
- New Chief Financial Officer (CFO) appointed.
- Registered office to shift from Tamil Nadu to Maharashtra.
- Unaudited financial results for Q1 FY27 approved.
Price Impact
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