Submission of Proceedings of Rights Issue Committee meeting held on 03rd November 2025.
Awaiting price reaction for this filing.
The Rights Issue Committee of Iykot Hitech Toolroom Ltd met on 3rd November 2025 and approved sending Reminder-cum-Forfeiture Notices to shareholders holding partly paid-up equity shares who have not yet paid their call monies. These unpaid amounts relate to the First and Final Call Notice that was originally issued on 24th March 2025. The company is taking this step as a continuation of an Undertaking submitted to BSE on 26th July 2025, giving shareholders repeated chances to pay up. If shareholders still fail to pay, their partly paid shares are at risk of being forfeited as per the Companies Act 2013 and the company's Articles of Association. The intimation was filed under SEBI Listing Regulations.
This is a warning shot for defaulting shareholders who may lose their shares if they don't pay the outstanding call money soon. For the broader stock, it signals active recovery of unpaid capital but also highlights past collection weakness from the rights issue — read with caution.