Iykot Hitech Toolroom Appoints 3 New Independent Directors

Iykot Hitech Toolroom Ltd announced a significant board reshuffle following a meeting on July 21, 2026. The company accepted the resignations of three Non-Executive Independent Directors: Mr. Velli Paramasivam, Mr. Syed Munnawar Hussain, and Mr. Suresh Rajasekar. Concurrently, the board approved the appointment of three new Additional Directors in the Non-Executive Independent category: Mr. Vaibhav Agarwal, Mr. Rajesh Chunilal Bhojani, and Mr. Arjun Bikas Dutta. The meeting also addressed the reconstitution of various board committees. Mr. Vaibhav Agarwal brings over 23 years of experience in banking and finance, while Mr. Rajesh Chunilal Bhojani has over 41 years of experience in mutual funds and insurance. The appointments are subject to shareholder approval.