ITD Cementation India Limited — Important, 29-05-2025: Disclosure of material issue
29-05-2025 | 03:36 am
29-05-2025 | 03:36 am
ITD Cementation India has announced a board meeting on Renew EXIM DMCC acquiring a 67.46% stake, making Renew the new majority controller. The previous promoter, Italian-Thai Development Public Company Limited, has exited completely.
**Issue:** Change in company control and promoter.
**Possible Impact:** Potential strategic and operational changes as the new promoter takes charge. Investors should watch for updates on management and company direction.
**Company’s Response:** The board acknowledges the change in control and is aligned with all necessary compliance steps.
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