IITL Projects Ltd — Important, 12-11-2025: Company Update

The company's board has approved key strategic moves. It is divesting 4,00,880 preference shares in Capital Infraprojects to Medanta Real Estate for ₹0.40 Cr, a sale that helps streamline its asset base (original value ₹0.48 Cr). To enhance financial flexibility, the board also extended the redemption timeline for 70 lakh Zero% Non-Convertible Redeemable Preference Shares, issued to its holding company, until March 31, 2028, pending necessary shareholder approvals. Furthermore, Mr. Gorakh Ingale, a seasoned finance professional, has been appointed as the new Chief Financial Officer and Key Managerial Personnel. These decisions aim to optimize the company's financial structure and strengthen its leadership.