Submission of Newspaper Publication of declaration of Postal Ballot Results
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Awaiting price reaction for this filing.
IITL Projects Ltd has submitted copies of newspaper advertisements published on January 10, 2026, in The Free Press Journal (English) and Navshakti (Marathi), announcing the Postal Ballot Results declared on January 9, 2026. The resolution sought shareholder approval for a variation in the terms of redemption of Zero Non-Convertible Redeemable Preference Shares issued to its holding company, Industrial Investment Trust Limited. The resolution was passed with 99.988% of total valid votes cast in favor, well above the requisite majority. The voting period ended on January 8, 2026, with Ms. Chandanbala S. Mehta acting as scrutinizer. The results have also been uploaded on the company's website.
This is a procedural compliance filing confirming a postal ballot outcome. The near-unanimous 99.988% approval means shareholders have greenlit the revised redemption terms for the preference shares held by the promoter group, with no direct impact on stock price expected.