The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Padam Dugar & Anjanna Dugar
Awaiting price reaction for this filing.
Two promoters of Iykot Hitech Toolroom Ltd filed disclosures under SEBI SAST Regulation 29(2) after subscribing to shares in a Rights Issue carried out on August 8, 2025, alongside the conversion of partly paid-up shares into fully paid-up equity shares. Padam Dugar acquired 8,05,000 shares (3.97% of post-conversion capital), lifting his holding from 100 to 8,05,100 shares. Anjanna Dugar acquired 4,20,000 shares (2.07%), lifting her holding from 15,16,122 to 19,36,122 shares, which is about 10.49% of the post-conversion equity capital of roughly 2.03 crore shares. Both acquisitions were via Rights Issue mode. No encumbrance, pledge, or off-market transfer was reported.
Promoters putting additional money into the company via a rights issue is a positive signal of confidence in the business and aligns their interests with minority shareholders. The change in share base due to the partly-to-fully paid conversion also means existing shareholders' percentage holdings will be recalibrated going forward.