Board reshuffle: new CFO, firm pivots to bullion and jewellery, capital hike to Rs 40 cr

Iykot Hitech Toolroom board on 24 July 2026 appointed Rakesh Oza as new CFO after Balakrishnan Thinagaran quit for personal reasons. Vaishali Sharad Lad elevated to Whole-Time Director. The company will alter its objects clause to enter bullion, precious metals, jewellery trading and mining. Authorised capital raised from Rs 15 crore to Rs 40 crore. Registered office shifting from Tamil Nadu to Maharashtra. Q1 FY27 net loss was Rs 44.97 lakhs versus Rs 2.56 lakh profit in prior quarter.