StockWatch
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Industrial Products
Corporate Action12 May 2026, 05:41 pm

Iykot Hitech Toolroom Forfeits 99,01,931 Partly Paid-up Equity Shares

AI Summary

Iykot Hitech Toolroom Ltd. has forfeited 99,01,931 partly paid-up equity shares of face value ₹5 each due to non-payment of call money. The Board of Directors approved the forfeiture on January 9, 2026, and BSE acknowledged the completion of the process via Notice No. 20260511-25 on May 11, 2026. Post-forfeiture, the company's paid-up share capital stands revised to 1,03,78,069 fully paid-up equity shares of ₹5 each. The company is in the process of completing corporate actions for the cancellation of the shares with NSDL/CDSL.

Key Highlights

  • Iykot Hitech Toolroom forfeited 99,01,931 partly paid-up shares due to non-payment of call money.
  • BSE acknowledged the forfeiture via Notice No. 20260511-25 dated May 11, 2026.
  • Post-forfeiture, paid-up share capital revised to 1,03,78,069 fully paid-up equity shares.
  • Board approval for forfeiture was granted on January 9, 2026.
  • The company is processing share cancellation with depositories (NSDL/CDSL).