ITD Cementation India Limited — Others, 29-05-2025: Change in Management

ITD Cementation India Limited has announced a board meeting following Renew EXIM DMCC’s acquisition of 8.01 crore equity shares (46.64%) from the former promoter, Italian-Thai Development Public Company Limited. Including shares acquired through an open offer, Renew EXIM DMCC now holds 67.46% and has become the new promoter. The previous promoter no longer holds any stake. This takeover signifies a shift in control, which could influence the company’s strategic direction and impact shareholder value.