Disclosure under Regulation 31A and 30 of SEBI (LODR) Regulations, 2015
IITL · price
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Industrial Investment Trust Limited has disclosed that Mr. Swaran Singh, a promoter of the company, has requested reclassification from the 'Promoter' category to 'Public' category. The Board approved this request at its meeting on May 23, 2026. Mr. Swaran Singh holds 25,000 equity shares representing 0.13% of total voting rights. He is not on the Board or in any key managerial position and does not participate in the company's management. Since he and related persons hold less than 1% of voting rights, shareholder approval was not required under Regulation 31A. The reclassification is now subject to approval from BSE and NSE where the company's shares are listed.
This is a minor administrative change as the outgoing promoter holds only 0.13% stake. It does not signal any major shift in control or ownership structure. The stock price impact is likely negligible.