Intimation regardig receipt of NOC from BSE for Reclassification of Promoter
Awaiting price reaction for this filing.
Iykot Hitech Toolroom Ltd has received a No Objection Letter from BSE on 12 September 2025 for reclassifying Electronics Corporation of Tamil Nadu Limited (ELCOT) from the 'Promoter/Promoter Group' category to the 'Public' shareholder category. The reclassification is being carried out under Regulation 31A of SEBI (LODR) Regulations, 2015. The company stated it will update its shareholding pattern accordingly under Regulation 31. ELCOT, a Tamil Nadu government entity, will no longer be treated as part of the promoter group of the company.
This reduces the overall promoter shareholding in the company and increases the public float, which may be viewed positively by investors as it reflects cleaner promoter shareholding and better corporate governance. The exact change in promoter holding percentage will be visible in the next shareholding pattern filing.