1. Approved the re-appointment of Yash & Associates, Cost Accountants (FRN: 005252), as the Cost Auditor of the Company for the financial year ending 31st March 2026. 2. Approve and recommend ....
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The Board of ITL Industries, at its meeting on August 28, 2025, approved the re-appointment of Yash & Associates as Cost Auditor for FY 2025-26 and the appointment of I G & Associates as Secretarial Auditor for five years (FY 2025-26 to 2029-30). Mrs. Pratibha Kothari was re-appointed as Internal Auditor for FY 2025-26. The Board also cleared a proposal to borrow up to Rs. 125 Crores (beyond paid-up capital and free reserves) and authorized the disposal of the Company's undertaking or its investment in a subsidiary, both subject to shareholder approval. Material related party transactions under Section 188 were also approved. The 37th Annual General Meeting was scheduled for September 30, 2025, with the register of members closed from September 24 to September 30, 2025.
The borrowing limit hike to Rs. 125 Crores and the disposal authorization signal potential fundraising or restructuring activity ahead, which could dilute or shift value but also enable growth or debt reduction depending on use. Routine auditor re-appointments and AGM scheduling are standard governance items with no immediate price-moving effect.