MOA amended for bullion foray, authorised capital raised to Rs 40 cr

Iykot Hitech Toolroom board on 24 Jul 2026 approved amending the MOA to enter the bullion, precious metals, gems and jewellery business. Authorised capital to rise from Rs 15 cr to Rs 40 cr. Registered office will shift from Tamil Nadu to Maharashtra. Rakesh Oza takes over as CFO after Balakrishnan Thinagaran quit for personal reasons. Vaishali Sharad Lad elevated to Whole-Time Director; Drishti Dawara appointed CS. Q1 FY27 loss widened to Rs 44.97 lakh from Rs 35.38 lakh a year ago, with revenue falling to Rs 11.24 lakh. MOA changes need shareholder nod at AGM.