Intimation of partial withdrawal of application under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 from reclassification of persons forming ....
Awaiting price reaction for this filing.
Iykot Hitech Toolroom Ltd has partially withdrawn its application filed on February 5, 2025, under SEBI Regulation 31A, which sought to reclassify 8 individuals (Siddarth Nandulal, Sunil Chandrakant, Rajapandian S, Lakshmanan L, Balasubramonian R, Ram Kumar S R, Rajalakshmi Velrajan, and Pandya K V) from the 'Promoter/Promoter Group' category to the 'Public' category. These individuals were sought to be reclassified because they are untraceable, have no connection with current promoters following the October 2022 takeover, hold no Board or KMP positions, and collectively own less than 1.5% of the paid-up share capital. The company is withdrawing this part of the application because it could not obtain the individual consent letters required by the stock exchange. The company will now proceed only with the reclassification request for Electronics Corporation of Tamil Nadu Ltd (ELCOT).
This is a procedural/regulatory update with no material impact on shareholding or stock price. The 8 individuals will continue to be classified under the Promoter/Promoter Group category, while the ELCOT reclassification remains under exchange review.