Description

BSE informs trading members that Iykot Hitech Toolroom Ltd. (Scrip Code: 522245) has forfeited 99,01,931 partly paid-up equity shares of Rs. 5/- each due to non-payment of allotment/call monies.

Summary

BSE has notified trading members that Iykot Hitech Toolroom Ltd. (Scrip Code: 522245) has forfeited 99,01,931 equity shares of Rs. 5/- each. These shares were partly paid-up and were forfeited due to non-payment of allotment/call monies by the respective shareholders. The distinctive numbers of the forfeited shares are detailed in Annexure-I attached to the notice.

Key Points

  • Iykot Hitech Toolroom Ltd. (Scrip Code: 522245) has forfeited 99,01,931 equity shares of face value Rs. 5/- each.
  • The shares were partly paid-up and forfeited due to non-payment of allotment/call monies.
  • Distinctive numbers of the forfeited shares are listed in Annexure-I.
  • Notice issued by Marian Dsouza (Assistant Vice President) and Karan Shah (Deputy Manager), Listing Operations, BSE.
  • Notice No.: 20260511-25, dated 11 May 2026.

Regulatory Changes

No new regulatory changes introduced. This is an operational notice informing market participants of a corporate action (share forfeiture) undertaken by the company in accordance with existing provisions under the Companies Act.

Compliance Requirements

  • Trading members should note the forfeiture and update their records accordingly.
  • Shareholders holding the affected partly paid-up shares (as per Annexure-I distinctive numbers) will have their shares cancelled.
  • No further action is required from trading members beyond awareness and record updates.

Important Dates

  • Notice Date: 11 May 2026
  • Effective date of forfeiture: As per company’s corporate action; specific date not mentioned in the notice.

Impact Assessment

The forfeiture of 99,01,931 equity shares is significant in volume but limited in broader market impact as it is specific to Iykot Hitech Toolroom Ltd. (Scrip Code: 522245). Affected shareholders who failed to pay allotment/call monies lose their entitlement to these shares. The forfeiture reduces the partly paid-up share capital of the company. Trading members and investors holding or tracking this scrip should take note of the reduction in share count and update their records accordingly.

Impact Justification

Affects a large number of shares (over 99 lakh) of a specific listed company; impacts existing shareholders holding partly paid-up shares but is limited in broader market scope.