StockWatch
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Industrial Products
Management Change24 Jul 2026, 07:20 pm

Iykot Hitech Toolroom Ltd: CFO Resigns, New CFO Appointed

AI Summary

Iykot Hitech Toolroom Ltd announced the resignation of Mr. Balakrishnan Thinagaran as Chief Financial Officer (CFO). Concurrently, the company appointed Mr. Rakesh Oza as the new CFO. The board meeting also approved a change in designation for Ms. Vaishali Sharad Lad from Additional Director (Non-Executive) to Additional Director (Whole-Time Director) for a period of 5 years, subject to member approval. Other key decisions included altering the Memorandum of Association regarding main and ancillary objects, increasing authorized share capital, and shifting the registered office from Tamil Nadu to Maharashtra. The company also approved unaudited financial results for the quarter ended June 30, 2026, and appointed an internal auditor and company secretary.

Key Highlights

  • Mr. Balakrishnan Thinagaran has resigned as Chief Financial Officer.
  • Mr. Rakesh Oza has been appointed as the new Chief Financial Officer.
  • Ms. Vaishali Sharad Lad's designation changed to Whole-Time Director.
  • Memorandum of Association and authorized share capital to be altered.
  • Registered office to shift from Tamil Nadu to Maharashtra.