Industrial Investment Trust Limited — Board Meeting, 06-12-2024: Outcome of Board Meeting

The Board has convened and approved several key decisions, including a variation in the terms of 70,00,000 Zero percent Non-Convertible Redeemable Preference Shares issued by IITL Projects Limited, pending member approval through a Postal Ballot. They also discussed a fine imposed by stock exchanges, initiated the incorporation of a new subsidiary in the Housing Finance sector requiring an investment of ₹50 crore, and approved new business lines for the subsidiary aiming for long-term growth. Additionally, related party transactions were approved as outlined in their agenda.