we are submitting herewith Disclosure under Regulation 30 of the SEBI(LODR), Regulation, 2015 for disinvestment of company''s shareholding in its non material subsidiary namely M. M. Metals ....
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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, approved selling its entire 52.55% shareholding (30,480 equity shares) in M.M. Metals Private Limited, a non-material subsidiary. The buyers are related parties, including directors and their relatives, and the transaction will be carried out at arm's length. M.M. Metals contributed only 2.25% (~Rs. 419.91 lakhs) to consolidated income and 2.65% (~Rs. 212.79 lakhs) to consolidated net worth for FY25. The company has not yet disclosed the sale consideration, exact sale date, or completion timeline, saying these will be shared later.
The subsidiary is classified as non-material, contributing only a small slice of revenue and net worth, so the financial impact on ITL Industries is likely minor. The fact that buyers are related parties may draw shareholder attention to governance and fair pricing, though the company has stated the deal is at arm's length.