Indbank Merchant Banking Services Limited — Others, 29-04-2025: Copy of Newspaper Publication

The company has announced a board meeting to discuss approving the sale of several immovable properties, including significant land holdings in Chennai. The expected proceeds from these sales aim to reduce existing borrowings, improving the company's net worth and potential for future dividends. The board highlights that this decision serves the best interests of the company and its shareholders, with shareholder approval to be sought at an upcoming extraordinary general meeting.