The Investment Trust Of India Limited has informed the Exchange about General Updates redemption of unlisted 0% Optionally Convertible Preference Shares
THEINVEST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Investment Trust Of India Limited has completed the redemption of its remaining 10,050 Optionally Convertible Preference Shares (OCPS) of face value Rs. 325 each on December 30, 2025, at the end of their 5-year tenure. These were issued under a Scheme of Arrangement sanctioned by the NCLT in December 2020. Out of the original 7,32,000 OCPS issued, 7,21,950 had already been converted into equity shares, leaving only 10,050 to be redeemed. The redemption was funded from the company's reserves. Since the preference shareholders had not claimed the redemption proceeds, the company has parked the entire redemption amount in a separate designated bank account and is ready to disburse upon receiving valid claims.
This is a routine corporate housekeeping action with negligible impact on equity shareholders. The redemption extinguishes a small liability (approximately Rs. 3.27 crore at face value) and removes a minor overhang. No effect on share price is expected, though it signals orderly compliance with the original scheme terms.