JITF Infralogistics Limited has informed the Exchange about Shareholders meeting
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JITF Infralogistics submitted the minutes of its EGM held on June 23, 2025 in Kosi Kalan, Mathura. The meeting considered six ordinary resolutions, all seeking shareholder approval for material related party transactions (RPTs) with several promoter group entities and related parties. Key approvals include transactions up to Rs 6,500 crore (FY25-26) and Rs 7,000 crore (FY26-27) with Siddeshwari Tradex Private Limited, up to Rs 1,500-2,500 crore each (FY25-26) and Rs 2,000-3,000 crore (FY26-27) with JITF Commodity Tradex, SPML Infra, Jindal Saw, JWIL Infra, and joint ventures/associates. All six resolutions were passed with requisite majority — 62.40% votes in favor and 37.60% against — though the sizable dissenting vote (over one-third) is notable.
Shareholders have approved a large pipeline of related party transactions totaling roughly Rs 16,000 crore across FY25-26 and FY26-27, primarily with promoter group companies. The ~37.6% dissent suggests some institutional investors remain cautious about the scale and nature of these related party deals, which could weigh on sentiment even though the resolutions cleared the required threshold.