ITI Limited — Important, 20-02-2025: General Updates

ITI Limited has received an initial payment of Rs. 100 Crore as part of a revised order from the AMRCD, related to a land dispute with C-DoT. The company is transferring 22.258 acres of land located in Electronic City, Bangalore, for a total consideration of Rs. 200 Crore. The remaining balance is anticipated after completing necessary statutory formalities. This development is significant as it resolves the land dispute, potentially enhancing operational clarity and financial liquidity for ITI. Investors should monitor further updates as the remaining payment is processed, representing a positive step in the company's dealings.