Disclosure of Voting Result of Postal Ballot alongwith Scrutinizer''s Report.
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IITL Projects Ltd conducted a postal ballot (remote e-voting from December 10, 2025 to January 08, 2026) to seek shareholder approval for varying the terms of redemption of 70 lakh Zero% Non-Convertible Redeemable Preference Shares originally issued to its holding company, Industrial Investment Trust Limited. The resolution was a Special Resolution, and promoters/promoter group were classified as interested parties and did not vote. Out of 1,062 shareholders on record, only public non-institutional shareholders participated, casting 361 votes, all of which (100%) were in favour. The Scrutinizer (Chandanbala O. Mehta, Practicing Company Secretary) confirmed the resolution was passed with the requisite majority.
This is a procedural approval that changes the redemption schedule of preference shares held by the holding company, Industrial Investment Trust Ltd. While it does not affect public shareholders' equity directly, it signals a restructuring of an intra-group liability, which may have minor implications for the company's future cash outflows and capital structure.