inter alia considered and approved the following business: 1. Took note of the resignation of Mrs. Pratibha Kothari, Chartered Accountant, as the Internal Auditor of the Company. 2. ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
ITL Industries' board, at its meeting on 17th March 2026, accepted the resignation of Mrs. Pratibha Kothari as the Internal Auditor and appointed Aditya Jakhetia & Associates, an Indore-based CA firm, as the new Internal Auditor for the remainder of FY 2025-26 and the full FY 2026-27. The board also approved the disinvestment of its entire 52.55% stake (30,480 equity shares) in the non-material subsidiary, M. Metals Private Limited, via a Share Sale Agreement. Other routine business matters were also approved. The meeting ran from 3:00 PM to 4:30 PM.
The internal auditor swap looks routine, with a quick replacement in place, so governance continuity is maintained. The subsidiary exit is a portfolio simplification move that may release some cash, but since the subsidiary is described as non-material, the financial impact on ITL is likely small.