Iykot Hitech Toolroom Limited

A significant ownership shift is underway at Iykot Hitech Toolroom, as Aspect Global Ventures has effectively become the new promoter following the complete exit of the founding Dugar family. The promoters, including Padam, Anjanna, Likhitta, and Antariksh Dugar, have transferred their entire stake to Aspect Global Ventures through off-market transactions, triggering a mandatory open offer for a substantial portion of the company's shares. This transition, coupled with the appointment of new directors, signals a potential strategic redirection for the company, though its persistent financial losses and negative net worth remain a concern for investors. The open offer's outcome and Aspect Global Ventures' plans will be key factors to monitor moving forward.