The Investment Trust Of India Limited has informed the Exchange about change in Management
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The Investment Trust of India Limited reported strong FY25 consolidated results, with net profit more than doubling to Rs. 45.92 crore from Rs. 19.97 crore in FY24, and total income rising to Rs. 364.99 crore from Rs. 305.67 crore. EPS jumped to Rs. 8.14 from Rs. 3.56. Independent Director Mr. Alok Kumar Misra resigned effective May 9, 2025, citing pre-occupation and personal commitments. The board appointed two new Independent Directors, Mr. Sidharth Rath and Mr. Banavar Anantharamaiah Prabhakar, subject to shareholder approval via postal ballot. The board also approved the transfer of its fund and asset management business to ITI Asset Management Limited, a wholly owned subsidiary, continuing the restructuring first flagged in February 2025. The statutory auditor issued an unmodified opinion on the financial results.
Sharp earnings growth and improving profitability are clearly positive for shareholders. The board change is a routine one-out, two-in at the Independent Director level, with no management (CEO/CFO) change, so governance continuity is largely maintained. Transferring the asset management business to a dedicated subsidiary is part of the ongoing business restructuring and could improve segment-level clarity going forward.