Submission of Revised Audited Financial Results
Awaiting price reaction for this filing.
Iykot Hitech Toolroom Ltd has filed revised audited financial results for the quarter and year ended March 31, 2026. The company discovered that tax expenses for Q4 were inadvertently not recorded in the original filing and has now corrected this. For FY2026, total income declined sharply to ₹210.43 Lakhs from ₹509.97 Lakhs in FY2025, a fall of about 59%. The company reported a net loss of ₹103.42 Lakhs, marginally better than the ₹104.54 Lakhs loss in the previous year. Revenue from operations dropped to ₹156.97 Lakhs from ₹501.26 Lakhs. The balance sheet shows negative other equity of ₹256.67 Lakhs. Additionally, Mrs. Aksha Mohit Kamboj was formally appointed as Additional Director (Non-Executive), correcting an earlier misdesignation. The company is undergoing an Open Offer by Aspect Global Ventures Private Limited.
The company continues to face severe financial distress with collapsing revenues, persistent losses, and negative equity. The filing is a correction of an accounting error and does not change the fundamental weak financial position. Shareholders should note the ongoing losses, negative equity, and related party transactions involving the Acquirer.