Iykot Hitech Toolroom Approves Asset Sale & Related Party Loan

Iykot Hitech Toolroom Ltd's Board of Directors met on August 6, 2026, approving the sale of company assets and a loan from related party Aspect Global Ventures Private Limited for working capital. The board also approved a change in the Nomination and Remuneration Committee, appointing Mr. Sukumar Anand Shetty in place of Ms. Vaishali Sharad Lad. The asset sale is part of a strategic restructuring to focus on new business activities including trading of bullion and jewellery. The estimated revenue from the assets to be sold is approximately ₹30.00 Lakhs. The transaction does not fall within related party transactions and is outside any Scheme of Arrangement.