The EGM of the members of the Company is scheduled to be held on Monday, October 27, 2025 at 11:00 A.M (IST) through VC/OAVM to approve re-classification of Electronics Corporation of Tamil ....
Awaiting price reaction for this filing.
Iykot Hitech Toolroom Ltd has called an EGM on Monday, October 27, 2025 at 11:00 A.M. (IST) via video conferencing. The sole item on the agenda is to re-classify Electronics Corporation of Tamil Nadu Ltd (ELCOT) from the 'Promoter / Promoter Group' category to the 'Public' category under SEBI LODR Regulation 31A. ELCOT holds 15,81,600 equity shares, representing 7.80% of the company's paid-up capital. BSE has already granted its no-objection letter for this re-classification on September 12, 2025, and the Board approved the request on December 27, 2024. E-voting will be open from October 24 to October 26, 2025, with the cut-off date set as October 20, 2025.
If approved, ELCOT will move out of the promoter group and be treated as a public shareholder, slightly increasing the public shareholding of the company. The change is administrative in nature with no direct impact on stock price, though it may marginally affect how the shareholding pattern is reported going forward.