Open Offer8 Jun 2026, 06:42 pm
Iykot Hitech: Independent Directors Recommend Open Offer
AI Summary
The Independent Directors Committee (IDC) of Iykot Hitech Toolroom Ltd has submitted recommendations to BSE regarding an open offer to public shareholders. The offer involves 26,98,298 equity shares at ₹8.50 each, totaling ₹2.29 crore. This offer is in compliance with SEBI (SAST) Regulations, 2011. The calculation of the offer size, at 26% of the existing voting share capital, accounts for the forfeiture and cancellation of 99,01,931 partly paid-up equity shares due to unpaid call money. The forfeiture process is currently underway.
Key Highlights
- Independent Directors Committee recommends open offer to public shareholders.
- Offer size: 26,98,298 shares at ₹8.50 each, totaling ₹2.29 crore.
- Offer size calculated based on 1,03,78,069 fully paid-up equity shares post-forfeiture.
- Forfeiture of 99,01,931 partly paid-up shares due to unpaid call money.
- Offer complies with SEBI (SAST) Regulations, 2011.
Price Impact
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