Iykot Hitech Sells Assets, Approves Related Party Loan

Iykot Hitech Toolroom Ltd's Board of Directors has approved the sale of company assets and a loan from related party Aspect Global Ventures Private Limited for working capital. The sale is part of a strategic restructuring to focus on new business activities including trading and retail of precious metals and jewellery. The estimated revenue from the assets to be sold is approximately ₹30.00 Lakhs. The proceeds will be used for working capital, investment in new business activities, and general corporate purposes. Additionally, the board approved a change in the Nomination and Remuneration Committee, appointing Mr. Sukumar Anand Shetty.