The Investment Trust Of India Limited has informed the Exchange regarding Appointment of Mr Sidharth Rath as Independent Director of the company w.e.f. May 09, 2025.
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The Investment Trust Of India Limited has announced the results of its Postal Ballot concluded on June 19, 2025. Two special resolutions were passed with overwhelming shareholder approval (99.9987% votes in favour). The resolutions approved the appointment of Mr. Sidharth Rath (DIN: 00682901) and Mr. Banavar Anantharamaiah Prabhakar (DIN: 02101808) as Independent Directors of the company for a period of 5 years, from May 09, 2025 to May 08, 2030. Out of 4,00,73,160 votes polled, only 507 votes were cast against each resolution, indicating near-unanimous support. The total number of shareholders on record date was 7,047, and the scrutinizer was Himanshu Gajra & Company, Practicing Company Secretaries.
This is a routine governance update confirming the formal shareholder approval for two independent director appointments. Strong voting support (nearly 100% in favour) reflects shareholder confidence in the board composition. No material impact on stock price is expected as these are independent (non-executive) director appointments.