Submission of Statement of Deviation or Variation in the Use of Proceeds of Right Issue under Regulation 32 of SEBI (LODR) Regulations, 2015
Awaiting price reaction for this filing.
Iykot Hitech Toolroom Ltd has filed a quarterly compliance statement under SEBI (LODR) Regulation 32 confirming there is no deviation or variation in the use of proceeds from its Rights Issue. The company had raised Rs. 4,63,66,666.50 (about Rs. 4.64 crore) through the Rights Issue on May 10, 2024, for General Corporate Purposes. The report covers the quarter ended June 30, 2025, and was reviewed by the Audit Committee, which had no comments. The filing is a routine regulatory disclosure and no monitoring agency was applicable for the issue.
This is a routine, neutral compliance filing with no financial or strategic impact. It simply reassures shareholders that the rights issue funds continue to be used as originally disclosed. No change to the stock price or shareholder value is expected from this announcement.