IYKOT HITECH TOOLROOM Gets BSE Trading Approval for 1,94,323 Converted Equity Shares

Iykot hitech toolroom Limited has received trading approval from Bombay Stock Exchange Limited for 1,94,323 equity shares pursuant to conversion of partly paid-up shares to fully paid-up shares. The company announced that these equity shares are now listed and admitted to dealings on the exchange with effect from Thursday, February 26, 2026. Trading Approval Details The company has provided comprehensive details about the approved securities and their trading parameters: Parameter: Details Number of Shares: 1,94,323 equity shares Share Value: Rs.5 each Issue Basis: Rights basis Trading Start Date: Thursday, February 26, 2026 Exchange: Bombay Stock Exchange Limited Share Conversion Process The approved shares represent a conversion from partly paid-up shares to fully paid-up shares of Rs.5 each. BSE has confirmed that these shares are pari-passu with the old equity shares of the company, ensuring equal rights and privileges for all shareholders. Distinctive Number Allocation BSE has allocated specific distinctive number ranges for the converted shares: Range: Distinctive Numbers First Range: 7383431 to 7450995 Second Range: 17331277 to 17458034 Regulatory Compliance The company has made this intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was signed by Lik Hitta Dugar, Whole Time Director, and communicated to both the exchange and shareholders for their information. Exchange Communication BSE issued Notice No. 20260225-11 dated February 25, 2026, informing trading members about the permission to trade in these new securities. The exchange has categorized this under company-related notices in the equity segment, ensuring proper dissemination of information to all market participants. Iykot Hitech Toolroom Limited has formally disclosed the execution of a Share Purchase Agreement (SPA) by its promoters for the sale of 34.58% equity stake to Aspect Global Ventures Private Limited. The regulatory disclosure filed under SEBI LODR Regulations confirms the completion of the transaction structure that triggers a mandatory open offer to public shareholders. Share Purchase Agreement Execution The promoters executed the SPA on February 24, 2026, with Aspect Global Ventures Private Limited for the sale of 35,89,080 fully paid-up equity shares. The transaction involves four promoter shareholders selling their combined holdings at ₹8.00 per share. Transaction Parameter Details SPA Execution Date February 24, 2026 Acquirer Aspect Global Ventures Private Limited Acquirer CIN U64990MH2017PTC301477 Total Shares Sold 35,89,080 shares Purchase Price ₹8.00 per share Total Consideration ₹2,87,12,640 Promoter Shareholding Details The SPA encompasses the complete sale of holdings from four promoter shareholders, representing a significant ownership transfer in the toolroom manufacturing company. Seller Details Share Holdings Voting Percentage Ms. Annjana Dugar 19,36,122 shares 18.66% Mr. Padam Dugar 8,05,100 shares 7.76% Ms. Likhitta Dugar 5,40,758 shares 5.21% Mr. Antariksh Dugar 3,07,100 shares 2.96% Total Sale 35,89,080 shares 34.58% Share Capital Structure and Forfeiture Impact The company's voting share capital calculation reflects the Board's earlier decision on January 9, 2026, to forfeit 99,01,931 partly paid-up equity shares where call money remained unpaid by shareholders. Share Capital Component Number of Shares Total Issued Equity Capital 2,02,80,000 Forfeited Partly Paid Shares 99,01,931 Existing Voting Share Capital 1,03,78,069 Face Value per Share ₹5.00 Mandatory Open Offer Requirements Pursuant to SEBI takeover regulations, Aspect Global Ventures must make an open offer to public shareholders for 26% of the existing voting share capital at ₹8.50 per share. Open Offer Parameter Details Offer Size 26,98,298 equity shares Offer Price ₹8.50 per share Total Consideration ₹2,29,35,533 Voting Capital Percentage 26% Payment Mode Cash Control Transfer and Management Restructuring The SPA provides for comprehensive management changes upon completion of the open offer. Aspect Global Ventures will be entitled to exercise control over the company after twenty-one working days from the detailed public statement, subject to regulatory approvals. Key control provisions include appointment of Acquirer-nominated directors, resignation of Seller-nominated directors, and reclassification of Acquirer as Promoter under SEBI LODR Regulations. The agreement includes extensive covenants restricting the sellers from various corporate actions during the agreement currency, including limitations on share transfers, capital structure alterations, and material business decisions without Acquirer consent. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.