ITI Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/05/2025 ,inter alia, to consider and approve 1) Consider and approve the Audited Financial ....
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ITI Limited, a Government of India undertaking, has informed BSE that its Board of Directors will meet on Tuesday, 27 May 2025. The meeting will consider and approve the audited financial results (both standalone and consolidated) for the quarter and full year ended 31 March 2025. In addition, the Board will consider allotting equity shares to the President of India on a preferential basis against a capital expenditure infusion of Rs 59 crore. This allotment is part of the company's revival package linked to the old BIFR order dated 8 January 2013.
The Rs 59 crore government equity infusion is supportive for ITI's capex plans and balance sheet, but it will dilute existing shareholders. The results announcement is routine and will give clarity on full-year FY25 performance.