Submission of Intimation of Dispatch of Call Notice
Awaiting price reaction for this filing.
Iykot Hitech Toolroom has completed dispatching the First and Final Call Money Notice to shareholders holding partly paid-up equity shares from its March 2024 rights issue. The company is calling the remaining ₹5.25 per share (₹3.75 towards face value plus ₹1.50 towards securities premium) on 1,41,96,000 partly paid-up shares, which could raise approximately ₹7.45 crore in total. Shareholders must pay the call money between April 21, 2025 and May 5, 2025 through ASBA or 3-in-1 online trading accounts. Trading of the partly paid-up shares (ISIN: IN9079L01011) has already been suspended on BSE since March 17, 2025. Shareholders who fail to make full payment risk forfeiture of their partly paid shares along with the amount already paid on them.
Shareholders holding partly paid-up rights shares must pay ₹5.25 per share by May 5, 2025 or face forfeiture of those shares and the ₹1.75 already paid. Successful collection will convert the partly paid shares to fully paid-up equity shares and add roughly ₹7.45 crore to the company's capital base.