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Iykot Hitech Toolroom Ltd (522245)

📊 BSE: 522245 🏢 Industrial Products 📢 Latest filing: 14 Oct 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Iykot Hitech's revenue was ₹0.1 Cr (-83.5% year on year, -81.9% on the previous quarter), and net profit ₹-0.4 Cr (a bigger loss than a year earlier); the operating margin was -400.1%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹0.1	-83.5%	-81.9%
Operating profit	₹-0.4	loss widened	to loss
Net profit	₹-0.4	loss widened	to loss
EPS (₹)	-0.39	loss widened	to loss
Operating margin	-400.1%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Iykot Hitech Toolroom: Promoter Name Changed to Aspect Global Ventures India Pvt Ltd

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 14 Oct 2026, 05:52 PM

Iykot Hitech Toolroom has notified the exchange that its promoter entity has changed its name from Aspect Global Ventures Private Limited to Aspect Global Ventures India Private Limited. The change was approved by the MCA/RoC on September 18, 2026. The promoter holds 35,89,080 equity shares of Rs. 5 each, representing a 34.58% stake in the company. The company clarified that this is strictly a name change and does not affect the shareholding percentage or promoter status.

Promoter entity renamed to Aspect Global Ventures India Private Limited
MCA approval and fresh Certificate of Incorporation issued on September 18, 2026
Promoter entity holds 35,89,080 equity shares of Rs. 5 each
Holding corresponds to 34.58% of the paid-up equity share capital
No change in shareholding percentage or promoter control structure

💡 Track the upcoming quarterly shareholding patterns and corporate filings to verify updated records; no operational or fundamental impact to evaluate.

Iykot Hitech Toolroom to Hold 35th AGM on Sept 4, 2026; Proposes 6 Director Appointments

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 11 Aug 2026, 06:08 PM

Iykot Hitech Toolroom has scheduled its 35th Annual General Meeting (AGM) for September 4, 2026, to adopt FY26 financials and regularize six director appointments. The company currently operates on a small scale with TTM revenue of just Rs 2 Cr and a net loss of Rs 1 Cr. The agenda includes the appointment of Vaishali Sharad Lad as Whole-Time Director for 5 years and three Independent Directors with extensive banking and finance backgrounds. This management overhaul follows a sharp decline in promoter holding from 66.3% in March 2026 to 36.8% in May 2026.

35th Annual General Meeting scheduled for September 4, 2026, via video conferencing.
Proposed regularization of Vaishali Sharad Lad as Whole-Time Director for a 5-year term ending July 2031.
Appointment of three Independent Directors (Vaibhav Agarwal, Rajesh Bhojani, Arjun Dutta) with experience at RBI, UTI, and HDB Financial.
Adoption of FY26 Audited Financial Statements where TTM revenue stood at Rs 2 Cr with an OPM of -45%.
Promoter holding recently decreased significantly to 36.8% as of May 2026.

💡 Investors should monitor the AGM voting results to confirm the new board structure and watch for any strategic updates regarding the company's plan to improve its negative operating margins.

Iykot Hitech Toolroom Schedules 35th AGM for Sept 4, 2026; Issues Annual Report Link

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 11 Aug 2026, 06:01 PM

Iykot Hitech Toolroom has scheduled its 35th Annual General Meeting (AGM) for September 4, 2026, to be held via video conferencing. The company has dispatched physical letters to shareholders who have not registered their email addresses, providing the web-link to the FY2025-26 Annual Report. This follows a cut-off date of July 31, 2026, for identifying such members. The filing also serves as a regulatory reminder for shareholders to update KYC details and dematerialize physical securities.

35th Annual General Meeting scheduled for September 4, 2026, at 11:30 A.M. IST
Cut-off date (Benpos) for identifying members without registered emails was July 31, 2026
Annual Report for Financial Year 2025-26 made available via company website
Mandatory KYC update reminder issued as per SEBI circular dated May 07, 2024

💡 Investors should review the FY26 Annual Report to understand the drivers behind the significant promoter stake reduction from 66.3% to 36.8% and the persistent operating losses.

Iykot Hitech Toolroom Schedules 35th AGM for Sept 4, 2026; Cut-off Date Aug 28

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 11 Aug 2026, 05:50 PM

Iykot Hitech Toolroom has announced its 35th Annual General Meeting (AGM) for September 4, 2026, to be conducted via video conferencing. The company has set the book closure period from August 29 to September 4, 2026, and the cut-off date for e-voting eligibility as August 28, 2026. This administrative filing comes as the company manages a small-scale operation with TTM revenue of just Rs 2 crore and a net loss of Rs 1 crore. Investors should note the significant recent drop in promoter holding from 66.3% to 36.8% as of May 2026.

35th Annual General Meeting scheduled for September 4, 2026, at 11:30 A.M. IST.
Book closure period defined from August 29, 2026, to September 4, 2026 (both days inclusive).
Cut-off date for e-voting eligibility is Friday, August 28, 2026.
E-voting window opens on September 1, 2026 (9:00 AM) and closes on September 3, 2026 (5:00 PM).

💡 Investors should review the upcoming Annual Report to understand the management's strategy for reversing the -45% operating margin and to clarify the reasons behind the sharp reduction in promoter stake.

Iykot Hitech FY26 Revenue Falls 68% to ₹1.57 Cr; Complete Board Overhaul and Promoter Exit Noted

🔴 NEGATIVE ⭐ 5/10

ROUTINE 📅 11 Aug 2026, 05:38 PM

Iykot Hitech Toolroom's FY26 annual report reveals a severe 68.7% decline in revenue from operations to ₹1.57 Cr, down from ₹5.01 Cr in FY25. Despite the revenue collapse, net losses remained nearly unchanged at ₹1.03 Cr, leading to a deeply negative net profit margin of -65.89%. The company is undergoing a total management transition, with almost the entire board and key managerial personnel resigning between April and July 2026. Furthermore, promoter holding has seen a sharp decline from 66.3% in March 2026 to 36.8% by May 2026, raising significant governance and stability concerns.

Revenue from operations plummeted by 68.7% YoY to ₹1.57 Cr in FY26.
Net loss for the year stood at ₹1.03 Cr, with a negative return on equity of 31.82%.
Inventory turnover ratio deteriorated sharply from 11.12 in FY25 to 3.36 in FY26.
Massive management turnover with 7 key resignations including the Whole-Time Director, CFO, and Company Secretary.
Promoter holding dropped significantly by nearly 30 percentage points to 36.82% as of May 2026.

💡 Investors should closely monitor the 35th AGM on September 4, 2026, for management's explanation regarding the revenue collapse and the strategic roadmap under the entirely new leadership team.

Iykot Hitech to sell assets and pivot to Bullion & Jewelry business; Promoter loan approved

🔵 WATCH ⭐ 8/10

EXPANSION 📅 06 Aug 2026, 05:52 PM

Iykot Hitech Toolroom is undergoing a major strategic shift, selling existing assets that contributed approximately ₹30 Lakhs to revenue (15% of TTM revenue) to pivot into the bullion and jewelry trading business. The board has approved a loan from the promoter, Aspect Global Ventures, to fund working capital for this new venture. This move follows a period of financial stress, with TTM revenue at just ₹2 Cr and an operating margin of -45%. The asset sale is subject to shareholder approval and will be conducted at market value to facilitate this restructuring.

Assets being sold contributed approximately ₹30.00 Lakhs to revenue, representing 15% of TTM revenue
Company pivoting to trading, distribution, and retail of bullion, gold, silver, and jewelry
Board approved a loan from promoter Aspect Global Ventures Private Limited for working capital
Sukumar Anand Shetty appointed to the Nomination and Remuneration Committee effective August 6, 2026
Sale of assets will be at market value and is subject to shareholder approval

💡 Monitor the upcoming shareholder meeting for approval of the asset sale and watch for the first quarterly results under the new bullion business model to assess volume and margins.

Iykot Hitech to sell assets and pivot to Bullion & Jewellery trading; approves promoter loan

🔵 WATCH ⭐ 8/10

EXPANSION 📅 06 Aug 2026, 05:49 PM

Iykot Hitech Toolroom is undergoing a major strategic pivot, moving from industrial products to the trading and retail of bullion, gold, silver, and jewellery. The Board has approved the sale of existing assets which currently contribute approximately ₹30 Lakhs to revenue (roughly 15% of TTM revenue). To fund this transition and meet working capital needs, the company has approved a loan from its promoter, Aspect Global Ventures Private Limited. This restructuring follows a period of financial stress, with the company reporting a TTM loss of ₹1 Cr on a small revenue base of ₹2 Cr.

Revenue attributable to assets proposed for sale is approximately ₹30.00 Lakhs.
Strategic shift to trading, distribution, and retail of bullion, gold, silver, and precious stones.
Approval of a working capital loan from promoter entity Aspect Global Ventures Private Limited.
Change in Nomination and Remuneration Committee with Sukumar Anand Shetty replacing Vaishali Sharad Lad.
TTM revenue stands at ₹2 Cr against a market capitalization of ₹26 Cr.

💡 Investors should monitor the upcoming Annual General Meeting (AGM) for shareholder approval of the asset sale and the specific terms of the promoter loan. The key metric to watch will be the scale and margins of the new bullion business in the next 2-3 quarters to see if it can reverse the current -45% operating margins.

Iykot Hitech Pivots to Jewelry Business; Q1 Loss at ₹0.45 Cr; Capital Limit Raised to ₹40 Cr

🔵 WATCH ⭐ 8/10

BOARD_MEETING 📅 24 Jul 2026, 07:11 PM

Iykot Hitech Toolroom is undergoing a massive strategic pivot, altering its business objects to enter the jewelry, bullion trading, and mining sectors. For Q1 FY27, the company reported a net loss of ₹44.97 lakhs on a total income of just ₹11.24 lakhs, a sharp decline from ₹68.43 lakhs in the year-ago quarter. To facilitate this transition, the board approved increasing the authorized share capital by 166% to ₹40 crore and shifting the registered office to Maharashtra. Management has also been overhauled with a new CFO and a new Whole-Time Director appointed.

Q1 FY27 Net Loss widened to ₹44.97 lakhs from a loss of ₹35.38 lakhs in Q1 FY26
Authorized Share Capital increased from ₹15 crore to ₹40 crore to support new business lines
Total Income for the quarter fell 83% YoY to ₹11.24 lakhs from ₹68.43 lakhs
Business pivot into jewelry manufacturing, bullion trading, and mining approved by the board
Promoter holding significantly reduced to 36.8% as of May 2026 from 66.3% in March 2026

💡 Investors should monitor the upcoming Annual General Meeting (AGM) for shareholder approval of the business pivot and capital increase. The sharp drop in promoter holding and the shift into a completely unrelated industry (Jewelry) requires high caution regarding execution and governance.

Iykot Hitech reports Q1 loss of ₹44.97 Lakhs; pivots to Jewelry & Bullion business

🔵 WATCH ⭐ 9/10

BOARD_MEETING 📅 24 Jul 2026, 07:08 PM

Iykot Hitech Toolroom reported a net loss of ₹44.97 Lakhs for Q1 FY27, widening from a loss of ₹35.38 Lakhs in the year-ago period. The company is undertaking a massive strategic pivot, altering its Memorandum of Association to enter jewelry manufacturing, bullion trading, and mining. To facilitate this, the Board approved increasing the authorized share capital by 166% from ₹15 Cr to ₹40 Cr. Additionally, the company is shifting its registered office from Tamil Nadu to Maharashtra and has appointed a new CFO and Whole-Time Director.

Net loss widened to ₹44.97 Lakhs in Q1 FY27 compared to a loss of ₹35.38 Lakhs in Q1 FY26
Authorized share capital to be increased from ₹15 Cr to ₹40 Cr, representing 154% of current market cap
Total income for the quarter fell sharply to ₹11.24 Lakhs from ₹68.43 Lakhs YoY
Proposed business pivot into gold/silver smithing, bullion trading via vending machines, and mining
Promoter holding has significantly declined from 66.3% in March 2026 to 36.8% as of May 2026

💡 Investors should closely monitor the upcoming Annual General Meeting (AGM) for shareholder approval of the business pivot and capital increase. The transition from industrial products to jewelry/bullion is a complete change in business model for a company with negligible current revenues.

Iykot Hitech to Pivot to Jewelry & Mining; Increases Authorized Capital to ₹40 Cr

🔵 WATCH ⭐ 8/10

BOARD_MEETING 📅 24 Jul 2026, 07:05 PM

Iykot Hitech Toolroom has announced a massive strategic pivot, altering its Memorandum of Association to enter the jewelry, bullion, and mining sectors. To facilitate this, the board approved increasing the authorized share capital by 166% from ₹15 Cr to ₹40 Cr. Financially, the company remains under pressure, reporting a Q1 FY27 net loss of ₹0.45 Cr on a negligible revenue of ₹0.11 Cr. The company is also shifting its registered office from Tamil Nadu to Maharashtra and has overhauled its leadership with a new CFO and Company Secretary.

Authorized share capital increased from ₹15 Cr to ₹40 Cr to support new business lines
Q1 FY27 revenue declined to ₹11.24 Lakhs (₹0.11 Cr) from ₹68.43 Lakhs in the same quarter last year
Net loss for Q1 FY27 widened to ₹44.97 Lakhs compared to a loss of ₹35.38 Lakhs YoY
Proposed business expansion into gold, silver, jewelry trading, and mining operations
Management overhaul with the appointment of Rakesh Oza as CFO and Drishti Dawara as Company Secretary

💡 Investors should closely monitor the upcoming Annual General Meeting for shareholder approval of the business pivot and details on how the company intends to fund its entry into the capital-intensive jewelry and mining sectors.

Rs 40 Cr Capital Increase and Pivot to Jewelry & Mining Business Approved

🔵 WATCH ⭐ 8/10

BOARD_MEETING 📅 24 Jul 2026, 07:01 PM

Iykot Hitech Toolroom has announced a fundamental shift in its business model, pivoting from industrial products to the jewelry, bullion, and mining sectors, including online trading platforms. To support this transition, the board approved increasing the authorized share capital from Rs 15 Cr to Rs 40 Cr, a 167% increase. Financially, the company reported a weak Q1 FY27 with revenue of Rs 11.24 Lakhs and a net loss of Rs 44.97 Lakhs. The company is also relocating its registered office from Tamil Nadu to Maharashtra and has appointed a new CFO and Whole-Time Director.

Authorized share capital increased by 167% from Rs 15 Cr to Rs 40 Cr
Q1 FY27 revenue declined to Rs 11.24 Lakhs from Rs 68.43 Lakhs in the same quarter last year
Net loss for Q1 FY27 widened to Rs 44.97 Lakhs compared to a loss of Rs 35.38 Lakhs YoY
Complete overhaul of business objects to include jewelry manufacturing, bullion trading, and mining
Registered office shifting from Tamil Nadu to Maharashtra subject to member approval

💡 Investors should monitor the upcoming Annual General Meeting (AGM) for shareholder approval of the business pivot and capital increase. The execution of the new jewelry and mining business model is critical given the company's current loss-making status and small revenue base.

₹40 Cr Authorised Capital Hike and Strategic Pivot to Jewelry & Mining

🔵 WATCH ⭐ 8/10

BOARD_MEETING 📅 24 Jul 2026, 06:58 PM

Iykot Hitech Toolroom has announced a major strategic shift, altering its Memorandum of Association to enter the jewelry, precious metals, and mining sectors. To support this, the board approved increasing the authorized share capital from ₹15 Cr to ₹40 Cr, which is approximately 1.5x the company's current market cap. Financially, the company remains under pressure, reporting a Q1 FY27 net loss of ₹44.97 Lakhs on a total income of just ₹11.24 Lakhs. The company is also shifting its registered office to Maharashtra and has appointed a new CFO and Whole-Time Director.

Authorised share capital increased by 166% from ₹15 Cr to ₹40 Cr, signaling potential future fundraising.
Q1 FY27 total income dropped to ₹11.24 Lakhs from ₹68.43 Lakhs in the same quarter last year.
Net loss for the quarter ended June 30, 2026, widened to ₹44.97 Lakhs from a loss of ₹35.38 Lakhs YoY.
New business objects include trading in gold, silver, and precious stones, and operating online trading platforms.
Promoter holding has significantly decreased from 66.3% in March 2026 to 36.82% as of May 2026.

💡 Monitor the upcoming Annual General Meeting (AGM) for shareholder approval of the business pivot and watch for any subsequent announcements regarding a Rights Issue or Preferential Allotment to utilize the increased capital headroom.

₹40 Cr Authorized Capital & Pivot to Jewelry/Mining: Iykot Hitech Board Meeting Outcome

🔵 WATCH ⭐ 8/10

EXPANSION 📅 24 Jul 2026, 06:54 PM

Iykot Hitech Toolroom has announced a massive strategic pivot, altering its Memorandum of Association to enter the jewelry manufacturing, bullion trading, and mining sectors. To facilitate this, the board approved increasing the authorized share capital by 166% from ₹15 Cr to ₹40 Cr. Financially, the company reported a weak Q1 FY27 with a net loss of ₹0.45 Cr on a total income of only ₹0.11 Cr. The company is also shifting its registered office from Tamil Nadu to Maharashtra and has overhauled its leadership with a new CFO and Whole-Time Director.

Authorized share capital increased from ₹15 Cr to ₹40 Cr, a 166% expansion of the capital base.
Q1 FY27 total income fell to ₹11.24 Lakhs (₹0.11 Cr) from ₹68.43 Lakhs in the same quarter last year.
Net loss for Q1 FY27 widened to ₹44.97 Lakhs (₹0.45 Cr) compared to a loss of ₹35.38 Lakhs YoY.
Proposed business pivot into gold/silver smithing, jewelry trading, and mining operations.
Registered office shifting from Tamil Nadu to Maharashtra, subject to regulatory and shareholder approval.

💡 Investors should monitor the upcoming Annual General Meeting (AGM) for shareholder approval of the business pivot and capital increase, and watch for any subsequent fund-raising announcements to support the new jewelry and mining ventures.

Iykot Hitech to Pivot into Jewelry & Bullion; Increases Capital to ₹40 Cr; Q1 Loss at ₹0.45 Cr

🔵 WATCH ⭐ 9/10

EXPANSION 📅 24 Jul 2026, 06:52 PM

Iykot Hitech Toolroom has announced a radical strategic pivot, altering its Memorandum of Association to enter the jewelry manufacturing, bullion trading, and mining sectors. To facilitate this, the board approved a 167% increase in authorized share capital from ₹15 Cr to ₹40 Cr. Financially, the company remains under pressure, reporting a net loss of ₹44.97 Lakhs for Q1 FY27 on a meager total income of ₹11.24 Lakhs. The company is also shifting its registered office from Tamil Nadu to Maharashtra and has overhauled its management with a new CFO and Company Secretary.

Authorized share capital increased by 167% from ₹15 Cr to ₹40 Cr to support new business ventures.
Total income for Q1 FY27 fell to ₹11.24 Lakhs compared to ₹68.43 Lakhs in the same quarter previous year.
Reported a net loss of ₹44.97 Lakhs for the quarter ended June 30, 2026.
Main business objects altered to include goldsmithing, bullion trading, and mining operations.
Management overhaul with the appointment of Mr. Rakesh Oza as CFO and Ms. Drishti Dawara as Company Secretary.

💡 Investors should closely monitor the upcoming Annual General Meeting (AGM) for shareholder approval of the business pivot and capital increase. Watch for potential fund-raising announcements (Rights Issue or Preferential Allotment) which often follow such significant increases in authorized capital.

Iykot Hitech to Pivot to Bullion Business; Authorised Capital Raised to ₹40 Cr

🔵 WATCH ⭐ 9/10

EXPANSION 📅 24 Jul 2026, 06:48 PM

Iykot Hitech Toolroom is undergoing a total business transformation, pivoting from industrial products to the bullion and precious metals sector. The board has approved a 166% increase in authorized share capital from ₹15 Cr to ₹40 Cr to facilitate this new direction. Alongside this, the company is shifting its registered office from Tamil Nadu to Maharashtra and has overhauled its management with a new CFO and Whole-Time Director. Given the company's small TTM revenue of ₹2 Cr, these changes represent a massive structural shift.

Authorized share capital increased by ₹25 Cr, from ₹15 Cr to ₹40 Cr.
Main business objects altered to include trading, manufacturing, and mining of gold, silver, and diamonds.
Registered office shifting from Tamil Nadu to Maharashtra, subject to member and regulatory approval.
Appointment of Mr. Rakesh Oza as CFO and Ms. Vaishali Sharad Lad as Whole-Time Director for 5 years.
TTM revenue of only ₹2 Cr makes the ₹40 Cr authorized capital limit highly significant (1.5x current market cap).

💡 Monitor the upcoming Annual General Meeting (AGM) for shareholder approval of the business pivot and capital increase. Watch for announcements regarding a potential fundraise or acquisition that would utilize the expanded capital base.

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