Intimation regarding receipt of No Objection Letter from BSE for reclassification of ''Electronics Corporation of Tamil Nadu Limited (ELCOT)'' from the category of ''''Promoter/Promoter ....
Awaiting price reaction for this filing.
Iykot Hitech Toolroom Ltd has received a No Objection Letter from BSE for the reclassification of Electronics Corporation of Tamil Nadu Limited (ELCOT) from the 'Promoter/Promoter Group' category to the 'Public' shareholder category. The reclassification was applied for on February 5, 2025, and approved by BSE via letter dated September 12, 2025, under SEBI's Regulation 31A. ELCOT will no longer be treated as part of the promoter group of the company. The shareholding pattern of the company will be updated accordingly under Regulation 31 of the Listing Regulations.
This change reduces the formal promoter group composition of the company, which may make the promoter shareholding appear lower in regulatory filings. For retail investors, this is largely procedural and does not by itself indicate a buying or selling event — ELCOT's underlying shareholding remains unchanged, only its classification shifts. No material price impact is expected unless the reclassified entity later plans to sell.