The Investment Trust Of India Limited has informed the Exchange regarding Appointment of Mr Banavar Anantharamaiah Prabhakar as Independent Director of the company w.e.f. May 09, 2025.
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The Investment Trust of India Limited announced the results of its postal ballot, confirming shareholder approval for the appointment of two new Independent Directors: Mr. Sidharth Rath (DIN: 00682901) and Mr. Banavar Anantharamaiah Prabhakar (DIN: 02101808). Both were appointed for a five-year term from May 9, 2025 to May 8, 2030, as special resolutions. Voting was held via remote e-voting from May 21 to June 19, 2025, with 4,00,73,160 votes polled and 99.9987% cast in favor of each resolution (only 507 votes against). The scrutinizer, Himanshu Gajra & Company, certified the results, which were also published on the company's website.
A routine corporate governance update with strong shareholder support for the new board appointments. No material impact on stock price is expected, though the addition of two independent directors may slightly improve board oversight and governance perception.