Industrial Investment Trust Limited — Others, 23-10-2024: Shareholders meeting

Industrial Investment Trust Limited (IITL) has announced a Postal Ballot to seek shareholder approval for the sale, disposal, and leasing of assets exceeding 20% of its material subsidiary, IITL Projects Limited. The remote e-voting will start on October 25, 2024, and end on November 23, 2024. The resolution concerns the sale of equity and preference shares held in Capital Infraprojects Private Limited to Medanta Real Estate, highlighting liquidity challenges faced by the subsidiary.