Company has received BSE Notice (No. 20260511-25) regarding Forfeiture of 99,01,931 Partly Paid-up Equity Shares.
Awaiting price reaction for this filing.
Iykot Hitech Toolroom Ltd has completed the forfeiture of 99,01,931 partly paid-up equity shares with face value of Rs. 5 each. The forfeiture was approved by the Board on January 9, 2026, due to non-payment of First and Final Call money by shareholders despite multiple reminder notices. BSE issued formal acknowledgment of this forfeiture on May 11, 2026. Following this cancellation, the company's paid-up share capital has been reduced from 2,02,80,000 equity shares to 1,03,78,069 fully paid-up equity shares. The company is now processing the cancellation of these shares with NSDL and CDSL depositories.
This forfeiture cancels nearly 49% of the company's share capital, significantly reducing the number of outstanding shares. Shareholders holding these forfeited shares will lose their investment entirely. For remaining shareholders, this could be slightly positive as their ownership percentage increases in a smaller capital base.