Submission of Board Meeting Outcome for Board Meeting held on August 04, 2025
Awaiting price reaction for this filing.
The board of Iykot Hitech Toolroom met on August 4, 2025 and approved the unaudited standalone financial results for the quarter ended June 30, 2025 (Q1 FY26). Net sales fell sharply to ₹68.43 lakhs from ₹155.27 lakhs in the same quarter last year, a drop of roughly 56%, while total income declined to ₹68.43 lakhs versus ₹158.51 lakhs YoY. The company posted a net loss of ₹35.38 lakhs (EPS of ₹(0.31)), though the loss narrowed from ₹55.96 lakhs in Q1 FY25. The auditor KGS & Associates issued an unqualified limited review report with no qualifications. The board also approved the date and notice for the 34th Annual General Meeting (to be held virtually), appointed CDSL as the e-voting facilitator, and M/s. Lakshmmi Subramanian & Associates as scrutinizer.
Sharp revenue contraction and continued quarterly losses highlight ongoing operational weakness, though the narrower loss versus the prior-year quarter offers slight comfort. Small-cap shareholders should monitor whether the company can stabilise revenue and return to profitability in upcoming quarters.