The Investment Trust Of India Limited — Important, 25-07-2025: Disclosure of material issue

Here's a summary of the key announcements:

The Investment Trust of India's consolidated net profit for the quarter ended June 30, 2025, stood at ₹10.21 Cr, with EPS at ₹1.75. This marks a decline from the ₹12.91 Cr profit (EPS ₹2.37) reported in the same quarter last year. On a standalone basis, the company swung to a profit of ₹0.13 Cr from a loss of ₹(0.43) Cr year-on-year.

A significant strategic decision involves the company diluting its controlling 50.33% stake in its subsidiary, ITI Gold Loans Limited (an NBFC). The company will not participate in fresh capital infusion for ITI Gold Loans, stating a focus on core business activities and efficient capital allocation. Consequently, ITI Gold Loans will transition from a subsidiary to an Associate company. This move requires shareholder approval.

The demerger of the company's Non-lending Business Undertaking into Distress Asset Specialist Limited remains an ongoing process, awaiting crucial approvals from stock exchanges, the National Company Law Tribunal (NCLT), and shareholders. This corporate restructuring, first approved in June 2022, will reshape the company's operational structure once effective.

Additionally, the Board approved a revised Employees Stock Option Plan (ESOP) scheme, subject to shareholder approval, aiming to enhance effectiveness and align with current statutory requirements. The company also appointed Ms. Darshna Devang Mehta as Group Head-Human Resource and Mr. Mannish Patil as Group Head-Information Technology to Senior Management Personnel roles. The 34th Annual General Meeting is scheduled for August 25.