Submission of Receipt of call money
Awaiting price reaction for this filing.
Iykot Hitech Toolroom has received call money for its First and Final Call on partly paid-up rights equity shares. Of the 1,41,96,000 rights equity shares originally issued on a rights basis in May 2024, the company received payment on 40,99,746 shares, totalling approximately Rs. 2.15 crore. The Board has approved converting these shares into fully paid-up equity shares of Rs. 5.00 face value each. The company's paid-up capital now stands at Rs. 5.09 crore, comprising 1,01,83,746 fully paid-up shares and 1,00,96,254 still partly paid-up shares. For the remaining unpaid shares (call money of about Rs. 5.30 crore outstanding), the company will send three reminder-cum-forfeiture notices before initiating forfeiture proceedings.
This is a procedural update completing part of a past rights issue. Shareholders who did not pay the call money face potential forfeiture of their shares. The conversion of 40.99 lakh shares to fully paid-up status modestly increases the company's paid-up capital and may slightly improve liquidity in the stock.