Board approves sale of assets to pivot into bullion and jewellery business

Iykot Hitech Toolroom's board has approved the sale of company assets to an unrelated buyer at market value to fund a strategic pivot into bullion, gold, silver, precious metals and jewellery trading and retail. Assets being sold generated about Rs 30 lakh in revenue per management estimate. Book value is under final determination. No agreement signed yet. Board also approved a related-party loan from promoter Aspect Global Ventures for working capital needs.