Industrial Investment Trust Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
IITL · price
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Industrial Investment Trust Limited has declared the results of a Postal Ballot conducted via remote e-voting from December 10, 2025 to January 08, 2026. Shareholders approved an Ordinary Resolution consenting to a Related Party Transaction under SEBI LODR Regulation 23, specifically allowing variation in the terms of 70,00,000 (70 lakh) preference shares issued by subsidiary IITL Projects Limited to the company. The resolution was passed with the requisite majority, with 2,23,798 total valid votes cast. CS Chandanbala O. Mehta, Practicing Company Secretary, served as the Scrutinizer for the process.
The approval allows the company to proceed with revising the terms of the 70 lakh preference shares held in its subsidiary IITL Projects Limited, which could affect future dividend income or capital recovery from the subsidiary. This is a routine governance disclosure with no direct material impact on the stock price, though the terms of the preference share variation will determine any financial upside for shareholders.