Your Directors have the pleasure in presenting the Thirty - Fifth (35^th) Annual Report of lykot Hitech
Toolroom Limited (herein after referred to as 'the Company') on the business and operations of your
Company along with the Audited Financial Statements, Board's Report and Auditor's Report for the
financial year ended 31^st March 2026.

1. FINANCIAL RESULTS:

The audited financial results of the Company for the financial year ended 31^st March 2026 are
summarized below:

(Rs. In Lakhs)

The audited financial statements of the Company for the financial year ended 31^st March, 2026
were approved by the Board of Directors at its meeting held on 27^th April, 2026.

2. STATE OF AFFAIRS OF THE COMPANY'S AFFAIRS/BUSINESS PERFORMANCE:

During the financial year under review, the revenue from operations of the Company was Rs.
156.97 Lakhs as against revenue from operations of Rs.501.26 Lakhs during the previous
financial year.

During the financial year under review, the Company incurred a net loss of Rs. 103.42 Lakhs as
against a net loss of Rs. 105.86 Lakhs during the previous financial year.

3. NATURE OF BUSINESS AND CHANGE IN NATURE OF BUSINESS DURING THE YEAR
UNDER REVIEW:

1. During the year under review, there has been no change in the nature of business of the
Company.

Your Company has strategically expanded its operational horizon to enhance revenue
streams and drive long-term value. Following the successful introduction of its proprietary
brand, 'ZADASTAR', the Company transitioned into the business of component and contract
manufacturing of Kitchen and Home Appliances.

Throughout the financial year under review, the Company actively sustained robust
promotion and marketing campaigns to build brand equity and expand its market footprint.
This transition into consumer-centric appliance segments represents a pivotal, ongoing
shift in the Company's product portfolio, aimed at leveraging scalable contract
manufacturing opportunities and capturing sustainable growth in the domestic consumer
durables sector."

2. Future Business Plan:

The Company does not presently envisage significant opportunities in its existing
business segments. Accordingly, the Company intends in future to diversify into the bullion
and retail sector, including trading and retail of gold, silver and other precious metals, as
part of its revised business strategy and future growth plans subject to applicable
approvals and compliance with regulatory requirements.

4. SHARE CAPITAL AND CHANGES IN SHARE CAPITAL OF THE COMPANY:

During the financial year 2025-2026 and subsequent up to the date of this report, the Share

Capital structure of your Company underwent significant changes relating to its partly paid-up

equity shares as detailed below:

Conversion of Partly Paid-up Shares

• Tranche I: The Company successfully converted 40,99,746 partly paid-up equity shares into
fully paid-up equity shares upon receipt of the final call money. The Company received the
formal Listing and Trading approval for the same from BSE Limited on August 6, 2025.

• Tranche II: A further tranche of 1,94,323 shares was converted from partly paid-up to fully
paid-up shares upon receipt of due call amounts. The Company secured the formal listing
approval from BSE Limited on February 13, 2026, followed by the trading approval on February
25, 2026.

• Forfeiture of Unpaid Partly Paid-up Shares: The Board of Directors finalised the forfeiture of
99,01,931 partly paid-up equity shares due to the continuous non-payment of the first and
final call money despite sending final reminders to the concerned shareholders. The Company
submitted a formal application to BSE Limited and subsequently received the official
confirmation and approval regarding this corporate forfeiture on May 11, 2026.

• Consequent to the aforementioned conversions and the subsequent capital forfeiture, the
paid-up equity share capital of the Company stands modified as of the date of this report.

Reclassification of Shareholders under Regulation 31A of SEBI (LODR)

Apart from capital alterations, a structural change in the promoter category was executed
during the period under review:

• The Company received a No Objection Certificate from the Stock Exchange on September 12,
2025, for reclassifying "Electronics Corporation of Tamil Nadu Limited (ELCOT)" from the
"Promoter/Promoter Group" category to the "Public Shareholder" category under Regulation
31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015.

• The Board approved the EGM Notice at its meeting held on September 19, 2025, and the said
reclassification was formally considered and approved by the shareholders of the Company
at the Extraordinary General Meeting (EGM) held on October 27, 2025.

5. DETAILS ABOUT DIVIDEND AND UNPAID DIVIDEND AND DISCLOSURES AS
REQUIRED AS PER IEPF, RULES:

During the financial year ended March 31, 2026, your Directors have not recommended or
declared any dividend in view of the financial performance and to conserve resources for
ongoing operational transitions.

In terms of Section 124 and 125 of the Companies Act, 2013, read with the Investor Education
and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 ("IEPF
Rules"), dividends that remain unclaimed or unpaid for a period of seven consecutive years are
required to be transferred to the IEPF established by the Central Government.

Pursuant to Rule 5(8) of the IEPF Rules, the Company filed its statement of unclaimed and
unpaid amounts via Form IEPF-2 on November 10, 2025.

The details of unpaid dividends, as required under the Investor Education and Protection Fund
(Accounting, Audit, Transfer and Refund) Rules, 2016, are available on the Company's website
at: https://iykot.com/unpaid-dividends/

6. PARTICULARS OF LOANS. GUARANTEES AND INVESTMENTS:

The Company has not made any investments, given guarantee and security during the financial
year under review as per the provisions of Section 186 of Companies Act, 2013.

7. TRANSFER TO GENERAL RESERVE:

The Board of Directors of your Company has decided not to transfer any amount to the Reserves
for the financial year under review.

8. DEPOSITS:

During the financial year 2025-26, the Company has not accepted any deposits under the
provisions of Section 73 of the Companies Act, 2013 read together with the Companies
(Acceptance of Deposits) Rules, 2014.

Further, there is no outstanding amount payable to Directors and overdraft amount from bank

9. PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED
PARTIES:

All related party transactions that were entered into during the financial year ended March 31,
2026, were on an arm's length basis and were in the ordinary course of business as per the
provisions of Section 188 of the Companies Act, 2013. Form No. AOC-2 is attached to this
Report as Annexure I.

10. MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

The Management Discussion and Analysis Report on the business of the Company for the
financial year ended 31^st March 2026 as stipulated under Regulation 34 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations') and under
the provisions of the Companies Act, 2013 (the Act) is annexed as an Annexure II to this report.

11. BOARD POLICIES:

The Company has the following policies which are applicable as per the provisions of the
Companies Act, 2013 and the Listing Regulations which are placed on the website of the
Company www.iykot.com

i. Code of conduct for Board and Senior Management Personnel.

ii. Terms and Conditions of appointment of Independent Directors.

iii. Vigil Mechanism/ Whistle Blower Policy.

iv. Policy for determination of materiality of events or information.

v. Familiarisation program for Independent Directors.

vi. Policy on Preservation and Archival of Documents.

vii. Performance Evaluation Policy.

viii. Code of conduct for Prevention of Insider Trading.

ix. Policy for determination of material subsidiaries

x. Policy on Related Party Transaction.

xi. Nomination and Remuneration Policy. Weblink: www.ivkot.com

xii. Code of Fair Disclosure of Unpublished Price Sensitive Information

xiii. Policy on Prevention of Sexual Harassment of Women at Workplace

Since your Company's Paid-Up Equity Share Capital and the Net worth is less than Rs.10 Crores
and Rs.25 Crores respectively, the provisions of the Listing Regulations relating to compliance
of corporate governance provisions is not applicable to the Company.

12. MATERIAL DEVELOPMENTS IN HUMAN RESOURCES/INDUSTRIAL RELATIONS
FRONT:

Training in all sectors is given to its employees periodically and motivated to work in line with
the development of the industry. The willingness and commitment of the employees help the
company to stand tall among its customer in quality and service.

13. SUBSIDIARIES, ASSOCIATES AND JOINT VENTURE COMPANIES:

As on March 31, 2026, the Company doesn't have any Subsidiary (ies), Joint Venture(s) and
Associate Company (ies) at the end of the year.

14. COMMISSION RECEIVED BY DIRECTOR FROM HOLDING OR SUBSIDIARY COMPANY:

The Company neither has any Holding Company nor is any Subsidiary Company; therefore,
disclosure under Section 197 (14) of the Companies Act, 2013 is not applicable to the Company
for the financial under review.

15. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS:

During the financial year under review, no significant and material order has been passed by the
regulators, courts, tribunals impacting the going concern status and Company's operations in
future.

16. REPORTING OF FRAUDS BY AUDITORS:

During the year under review, the Statutory Auditors and Secretarial Auditors in their reports
have not reported any instances of frauds committed in the Company by its Officers or
Employees under Section 143(12) of the Companies Act, 2013.

17. AUDITOR' S AND AUDIT REPORT'S:STATUTORY AUDITORS:

M/s. KGS & Associates, Chartered Accountants (Firm Registration Number: 010806S), were
initially appointed by the Board of Directors to fill a casual vacancy in the office of Statutory
Auditors, based on the recommendation of the Audit Committee. This casual vacancy
appointment was subsequently ratified and approved by the shareholders at the 33rd Annual
General Meeting (AGM) held on September 24, 2024.

Further, at the same 33rd AGM, pursuant to the provisions of Section 139, 142, and other
applicable provisions of the Companies Act, 2013, read with the Companies (Audit and
Auditors) Rules, 2014, the shareholders approved the appointment of M/s. KGS & Associates
as the Statutory Auditors of the Company for a regular term of five (5) consecutive years. Their
tenure commences from the conclusion of the 33rd AGM until the conclusion of the 38th AGM
of the Company to be held in the calendar year 2029.

The Company has received written consent and eligibility certificates from M/s. KGS &
Associates to the effect that their continuous appointment is within the prescribed limits under
Section 141 of the Companies Act, 2013 and that they are not disqualified from continuing as
Statutory Auditors of the Company.

COMMENT ON STATUTORY AUDITOR'S REPORT:

The Statutory Auditors' Report on the Standalone Financial Statements of the Company for the
financial year ended March 31,2026, does not contain any qualifications, reservations, adverse
remarks, or disclaimers. The notes to the financial statements referred to in the Auditors' Report
are self-explanatory and do not call for any further explanations or comments from the Board
of Directors under Section 134(3)(f) of the Companies Act, 2013.

SECRETARIAL AUDITORS:

Pursuant to the requirements of Section 204(1) of the Companies Act, 2013 and Rule 9 of the
Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, M/s.
Lakshmmi Subramanian & Associates, Practicing Company Secretaries was appointed to
conduct the Secretarial Audit of the Company for a term of five years from the financial year
2025-26.

The Secretarial Audit report as received from the Secretarial Auditors is annexed to this report
as Annexure MI.

QUALIFICATIONS IN SECRETARIAL AUDIT REPORT:

There are no material qualifications in the Secretarial Report for the financial year 2025-26
except a few which were taken on record for due action.

BOARD'S COMMENT ON QUALIFICATIONS IN SECRETARIAL AUDIT REPORT:

1. The Company is in the process of completing the dematerialisation of the shares held by the
erstwhile Promoters.

2. The Company is currently updating the required information on its website to ensure full
compliance.

3. The Board of Directors wishes to clarify that following the allotment of Equity Shares under
the Rights Issue on August 8, 2025, the manual compilation, verification, and procedural
submission of the requisite disclosures under Regulation 29(2) of SEBI (SAST) Regulations,
2011 caused an inadvertent administrative delay of a few days. The disclosures were
subsequently completed and submitted to the Stock Exchange on August 14, 2025 and
August 15, 2025. The delay was purely procedural, non-deliberate, and did not impact or cause
any loss/prejudice to the interest of any investor, shareholder, or stakeholder.

INTERNAL AUDITORS:

Pursuant to the provisions of Section 138 of the Companies Act, 2013, read with Rule 13 of the
Companies (Accounts) Rules, 2014, and other applicable provisions, the Board of Directors of
the Company has appointed Mr Arul Anto Mahesh, representing M/s. Arul Anto & Co., Chartered
Accountants, as the Internal Auditor of the Company.

The Internal Auditor conducts comprehensive periodic reviews of the Company's operational
efficiencies, internal financial controls, and risk management frameworks. The internal audit
reports are regularly placed before the Audit Committee for review, and the recommendations
are implemented by the management to ensure a robust governance and compliance
infrastructure.

COST AUDITORS:

Pursuant to the provisions of Section 148 of the Companies Act, 2013 and the notification of
Companies (Cost Records and Audit) Rules, 2014 as amended, the Company does not fall under
the purview of Cost Audit.

MAINTENANCE OF COST RECORDS:

Pursuant to Section 134(3)(Q) read with Rule 8(5)(viii) of the Companies (Accounts) Rules,
2014, your Directors state that the maintenance of cost records as specified by the Central
Government under sub-section (1) of Section 148 of the Companies Act, 2013, is not required

by the Company, and accordingly, such accounts and records are not made and maintained by
the Company for the financial year under review.

18. DETAILS OF DIRECTORS AND KEY MANAGERIAL PERSONNEL (KMP):

As on 31^st March, 2026, the Board of Directors of the Company consists of 5 Directors including
a Whole Time Director, Three (3) Non-Executive Independent Directors, and a Non-Executive
Non-Independent Director.

The Board of Directors were reconstituted as under and their regularisation of appointment will
be placed before the members at the ensuing Annual General Meeting.:

Mr. Sekhar Subramanian tendered his resignation from the position of Company Secretary and
Compliance Officer of the Company with effect from 27^th April 2026. The Board places on record
its deep appreciation for his services during his tenure.

Mr. Balakrishnan Thinagaran tendered his resignation from the position of Chief Financial
Officer (CFO) of the Company of the Company with effect from 21^st July 2026. The Board places
on record its deep appreciation for his services during his tenure.

The Company is actively taking steps to ensure all consequential KMP vacancies are filled
within the statutory timelines prescribed under the Companies Act, 2013 and other rules and
regulations.

19. FORMAL ANNUAL EVALUATION OF THE PERFORMANCE OF THE BOARD. ITS
COMMITEES & INDIVIDUAL DIRECTORS:

Pursuant to the provisions of the Companies Act, 2013 and the Listing Regulations a structured
questionnaire was prepared after taking into consideration of the various aspects of the Boards'
functioning, the composition of the Board and its committees, culture, execution and
performance of specific duties, obligations, and governance.

The Board and the Committees were evaluated on various criteria as stated below:
a Composition of the Board and Committee.
b Understanding of the Company and its business by the Board.
c Availability of information to the Board and Committee.
d Effective Conduct of Board and Committee Meetings.

The Board also carried out the evaluation of Directors and Chairman based on following
criteria:

1. Attendance of meetings

2. Understanding and knowledge of the entity.

3. Maintaining confidentiality of board discussion.

4. Contribution to the board by active participation.

5. Maintaining independent judgment in the decisions of the Board.

The Board found that the performance of all the Directors was quite satisfactory. The Board
also noted that the term of reference and composition of the Committees was clearly defined.
The Committee performed their duties diligently and contributed effectively to the decisions of
the Board.

The functioning of the Board and its committees were quite effective. The Board evaluated its
performance as a whole and was satisfied with its performance and composition of
Independent and Non-Independent Directors during the year under review.

20. COMPOSITION OF COMMITTEES OF THE BOARD OF THE DIRECTORS:

During the financial year under review, all the recommendations of the Audit Committee were
accepted by the Board.

The following was the Composition of the Committees of the Board as per the provisions of the
Companies Act, 2013 and the Listing Regulations during the year under review and as on 31^st
March 2026:

21. NUMBER OF MEETINGS OF THE BOARD AND BOARDS' COMMITTEE HELD
DURING THE FINANCIAL YEAR:

The Board and its Committee's meets at regular intervals to discuss and decide on business
strategies/policies and review the financial performance of the Company. The Board Meetings
and Committee meetings are pre-scheduled and a tentative annual calendar of the Board is
circulated to the Directors well in advance to facilitate the Directors and committed to plan their
schedules.

The following are the dates on which Board Meetings and Committee Meetings happened
during the financial year ended 31^st March 2026.

The interval between two Board Meetings was well within the maximum period mentioned under
Section 173 of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015.

22. SEPARATE MEETING OF THE INDEPENDENT DIRECTORS:

As required under Clause VII of Schedule IV of the Companies Act, 2013, the Independent
Directors held a Meeting on 6^th February 2026, without the attendance of Non-Independent
Directors and members of Management.

23. FAMILIARISATION PROGRAMME FOR INDEPENDENT DIRECTORS:

The familiarization program is to update the Directors on the roles, responsibilities, rights and
duties under the Act and other statutes and about the overall functioning and performance of
the Company. The policy and details of the familiarisation program is available on the website
of the Company at https://iykot.com/

24. INDEPENDENT DIRECTOR'S DECLARATION:

All Independent Directors have given declarations that they meet the Criteria of independence
laid down under Section 149 of the Companies Act, 2013 and the Securities and Exchange
Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 in respect
of financial year ended 31^st March, 2026, which has been relied on by the Company and placed
at the Board Meeting.

25. SECRETARIAL STANDARDS:

In terms of Section 118(10) of the Act, the Company states that the applicable Secretarial
Standards i.e., SS-1 and SS-2, issued by the Institute of Company Secretaries of India (ICSI),
relating to Meetings of Board of Directors and General Meetings respectively, have been duly
complied with however, improvements in certain areas are being made.

26. WHISTLE BLOWER POLICY/ VIGIL MECHANISM:

Pursuant to Section 177(9) of the Companies Act, 2013, your Company has established a Vigil
Mechanism Policy for Directors and Employees to report concerns about unethical
behaviours, actual or suspected fraud, violations of Code of Conduct of the Company etc. The
mechanism also provides for adequate safeguards against the victimization of employees
who avail themselves of the mechanism and also provides for direct access by the Whistle
Blower to the Audit Committee. It is affirmed that during the financial year 2025-26, no
employee has been denied access to the Audit Committee. The Vigil Mechanism Policy is also
available on the Company's websitehttps://iykot.com/wp-content/uploads/2025/07/Whistle-
Blower-policy Final.pdf

27. INTERNAL FINANCE CONTROL SYSTEM AND THEIR ADEQUACY:

The Company has formulated a framework on Internal Financial Controls in accordance with
Rule 8 (5) (viii) of Companies (Accounts) Rules, 2014. The Company has adequate internal
control systems to monitor business processes, financial reporting and compliance with
applicable regulations and they are operating effectively.

The systems are periodically reviewed by the Audit Committee of the Board for identification

of deficiencies and necessary time-bound actions are taken to improve efficiency at all the
levels. The Committee also reviews the observations forming part of internal auditors' report,
key issues and areas of improvement, significant processes and accounting policies.

28. CODE OF CONDUCT FOR DIRECTORS AND SENIOR MANAGEMENT:

The Board of Directors has adopted a policy and procedure on the Code of Conduct for the
Board Members and Employees of the Company in accordance with the SEBI (Prohibition of
Insiders Trading) Regulations, 2015. This Code helps the Company to maintain the Standard
of Business Ethics and ensure compliance with the legal requirements of the Company.

The Code is aimed at preventing any wrong doing and promoting ethical conduct at the Board
and by employees. The Compliance Officer is responsible to ensure adherence to the Code by
all concerned.

The Code lays down the standard of Conduct which is expected to be followed by the Directors
and the designated employees in their business dealings and in particular on matters relating
to integrity in the workplace, in business practices and in dealing with stakeholders.

All the Board Members and the Senior Management Personnel have confirmed Compliance
with the Code.

29. CORPORATE SOCIAL RESPONSIBILITY (CSR):

As per the provisions of Section 135 of the Companies Act, 2013, all Companies having a Net
Worth of Rs.500 Crores or more, or a turnover of Rs.1,000 Crores or more or a Net Profit of
Rs.5 Crore or more during any financial year are required to constitute a CSR Committee and
our Company does not meet the criteria as mentioned above, hence the Company has not
constituted any Corporate Social Responsibility (CSR) Committee; and has not developed and
implemented any Corporate Social Responsibility (CSR) initiatives and the provisions of
Section 135 of the Companies Act, 2013 are not applicable to the Company.

30. PARTICULARS OF EMPLOYEES:

There are no employees falling within the provisions of Section 197 of the Companies Act, 2013
read with Rule 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014 during the financial year ended 31^st March 2026.

31. DISCLOSURE REQUIREMENTS:

The Company has devised proper systems to ensure compliance with the provisions of all
applicable Secretarial Standards issued by the Institute of Company Secretaries of India (ICSI)
and is of the view that such systems are adequate and operating effectively.

32. DIRECTORS' RESPONSIBILITIES STATEMENT:

As required under Section 134(3)(c) of the Companies Act, 2013, the Directors hereby state and

confirm that they have:

a) In the preparation of the annual accounts for the year ended 31^st March 2026, the
applicable accounting standards had been followed along with proper explanation relating
to material departures.

b) They have selected such accounting policies and applied them consistently and made
judgments and estimates that are reasonable and prudent, to give a true and fair view of the
state of affairs of the Company at the end of the financial year and of the profit and loss of
the Company for the year ended on that date.

c) They have taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of this Act for safeguarding the assets
of the company and for preventing and detecting fraud and other irregularities.

d) They have prepared the annual accounts on a going concern basis.

e) They have laid down internal financial controls to be followed by the company and that
such internal financial controls are adequate and operating effectively.

f) They have devised proper systems to ensure compliance with the provisions of all
applicable laws and that such systems are adequate and operating effectively.

33. THE CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNINGS AND OUTGO:A. CONSERVATION OF ENERGY:

• Conservation of energy is of utmost significance to the Company. Every effort is made to
ensure optimum use of energy by using energy- efficient computers, processes and
other office equipment. Constant efforts are made through regular/ preventive
maintenance and upkeep of existing electrical equipment to minimize breakdowns and
loss of energy.

• Steps taken by company for utilizing alternate sources of energy: NIL

• Capital investment on energy conservation equipment's: NIL.

B. TECHNOLOGY ABSORPTION:

(i) The Company is continuously making efforts for induction of innovative technologies and
techniques required for the business activities.

(ii) The benefits derived like product improvement, cost reduction, product development or
import substitution;

iii) in case of imported technology (imported during the last three years reckoned from the
beginning of the financial year)- Not Applicable

(a) the details of technology imported;

(b) the year of import;

(c) whether the technology been fully absorbed;

(d) if not fully absorbed, areas where absorption has not taken place, and the reasons thereof;
and

(iv) the expenditure incurred on Research and Development.

34. CORPORATE GOVERNANCE REPORT:

As prescribed under the provisions of Regulation 15(2) of the SEBI (Listing Obligations and
Disclosures Requirements) Regulations 2015, the Company does not fall under the purview of
complying with the provisions of Corporate Governance provisions.

However, as a part of good corporate practices and in the interest of transparency, the Company
has voluntarily complied with the certain provisions relating to Corporate Governance for FY
2025-26.

35. DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THE INSOLVENCY
AND BANKRUPTCY CODE, 2016 (31 OF 2016) DURING THE YEAR ALONG WITH THEIR
STATUS AS AT THE END OF THE FINANCIAL YEAR:

There are no proceedings initiated and pending under the Insolvency and Bankruptcy Code,
2016 against the Company during the year under review.

36. THE DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME
OF ONE TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOAN FROM THE
BANKS OR FINANCIAL INSTITUTIONS ALONG WITH THE REASONS THEREOF:

The Company has not made any one-time settlement for loans taken from the banks or financial
institutions, and hence the details of difference between amount of the valuation done at the
time of one-time settlement and the valuation done while taking loan from the banks or
Financial Institutions along with the reasons thereof is not applicable during the year under
review.

37. THE RATIO OF THE REMUNERATION OF EACH DIRECTOR TO THE MEDIAN REMUNERATION
OF THE EMPLOYEES OF THE COMPANY FOR THE FINANCIAL YEAR AND PERCENTAGE
INCREASE IN REMUNERATION OF EACH DIRECTOR AND KMP:

Disclosures as required under Section 197(12) of the Act read with the applicable

rules and details as per Rule 5(2) of the Companies (Appointment and Remuneration
of Managerial Personnel) Rules, 2014 are given as Annexure IV to this report.

38. GENDER-WISE COMPOSITION OF EMPLOYEES

In alignment with the principles of diversity, equity, and inclusion (DEI), the Company discloses
below the gender composition of its workforce as on the March 31,2026.

Male Employees: 6
Female Employees: Nil
Transgender Employees: Nil

39. LISTING FEES:

The Company confirms that it has paid the annual listing fees for the financial year 2025-26 to
BSE Limited.

40. CLOSURE OF REGISTER OF MEMBERS AND SHARE TRANSFER BOOKS:

The Register of Members and Share Transfer books of the company was closed from
Wednesday, 17^th September, 2025 to Tuesday, 23^rd September, 2025 (both days inclusive) for
the purpose of the AGM during the financial year ended 31^st March 2026.

41. MATERNITY BENEFIT:

The Company affirms that it has duly complied with all provisions of the Maternity Benefit Act,
1961, and has extended all statutory benefits to eligible women employees during the year.

The Company also ensures that no discrimination is made in recruitment or service conditions
on the grounds of maternity. Necessary internal systems and HR policies are in place to uphold
the spirit and letter of the legislation.

42. PREVENTION OF SEXUAL HARASSMENT OF WOMEN AT WORKPLACE ["POSH"!

The Company has adopted a policy for Prevention of Sexual Harassment at the Workplace, in
line with the requirements of the Sexual Harassment of Women at Workplace (Prevention,
Prohibition and Redressal) Act, 2013 ("POSH Act"). An Internal Complaints Committee ("ICC")
has been duly constituted as per the provisions of the POSH Act to redress complaints
regarding sexual harassment at the workplace.

During the financial year under review, the Company has complied with all the provisions of the
POSH Act and the rules framed thereunder. Further details are as follow:

43. WEBLINK OF ANNUAL RETURN, IF ANY:

Pursuant to Section 92(3) of the Companies Act, 2013, the Annual Return for the financial year
ended 31^st March, 2026 is available on the Company's website at https://iykot.com/investor-
relations/policies/

44. NO ESOP/ BUYBACK DECLARATION:

The Company has not issued any shares under an Employees' Stock Option Scheme, Sweat
Equity, nor undertaken any Buyback of Securities during the year under review.

45. MATERIAL CHANGES AND COMMITMENTS. IF ANY. AFFECTING THE FINANCIAL POSITION
OF THE COMPANY WHICH HAVE OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR
OF THE COMPANY TO WHICH THE FINANCIAL STATEMENTS RELATE AND THE DATE OF
THE REPORT

Subsequent to the closure of the financial year ended 31^st March 2026, the following significant
corporate actions took place, which have a bearing on the shareholding control, management,
and equity architecture of your Company:

• Triggering of Mandatory Open Offer & Change in Management Control: Pursuant to a Share
Purchase Agreement (SPA) executed to facilitate an off-market transfer of shares, a
mandatory Open Offer was triggered under Regulations 3(1) and 4 of the SEBI (Substantial
Acquisition of Shares and Takeovers) Regulations, 2011. The Open Offer was launched by the
incoming Acquirers—M/s. Aspect Global Ventures Private Limited to acquire up to 26,98,298
fully paid-up equity shares representing 26% of the voting share capital of the Company at an
offer price of ?8.50 per share. The formal Letter of Offer was dispatched on 4^th June 2026,
and the tendering period was scheduled from 10^th June 2026, to 23^rd June 2026.

• Reconstitution of the Board of Directors: In alignment with the acquisition and transition of
management control, the Independent Directors Committee (IDC) provided its
recommendations on 8^th June 2026. To facilitate this smooth transition, a comprehensive
restructuring of the leadership took place with the appointment of new promoter-nominee
Additional Directors alongside the resignation of erstwhile Board members.

• Regulatory Share Forfeiture: To streamline the equity base, the Company completed its
regulatory actions regarding non-payment of call money. The Company received the final
statutory notice from BSE Limited on 12^th May 2026, confirming the successful forfeiture of
99,01,931 partly paid-up equity shares. This critical action reduced the outstanding share
capital and established the revised voting share capital at 10,37,806 equity shares.

46. RISK MANAGEMENT POLICY:

The provisions of Regulation 21 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 regarding the mandatory constitution of a Risk Management Committee are
not applicable to your Company.

However, as a matter of good corporate governance and pursuant to Section 134(3)(n) of the
Companies Act, 2013, the Board of Directors continuously monitors business operations to
identify potential vulnerabilities.

47. ACKNOWLEDGEMENT:

Your Directors take this opportunity to express their sincere gratitude to the encouragement,
assistance, cooperation, and support given by the Government authorities during the year. They
also wish to convey their gratitude to all the customers, auditors, suppliers, dealers, and all those
associated with the Company for their continued patronage during the year.

Your Directors also wish to place on record their appreciation for the hard work and efforts put
in by the employees at all levels. The directors are thankful to the esteemed stakeholders for
their continued support and the confidence reposed in the Company and its management.

48. CAUTIONARY STATEMENT:

The statements contained in the Board's Report and Management Discussion and Analysis
Report contain certain statements relating to the future and therefore are forward looking within
the meaning of applicable securities, laws and regulations. Various factors such as economic
conditions, changes in government regulations, tax regime, other statues, market forces and
other associated and incidental factors may however lead to variation.

Place: Mumbai By and on behalf of Board of Directors

Date: 06.08.2026 For Iykot Hitech Toolroom Limited

Sd/- Sd/-

Sukumar Anand Shetty Vaishali Sharad Lad

Additional Director Additional Director

(DIN: 03540525) (Whole Time Director)

(DIN:10252839)