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

The company's Board approved the sale of 4,00,880 Preference shares in Capital Infraprojects Private Limited for 0.4 Cr, against an original value of 0.48 Cr. This divestment to Medanta Real Estate Private Limited helps optimize the asset portfolio. Additionally, the Board extended the redemption period for 70 Lakh Zero% Non-Convertible Redeemable Preference Shares, issued to the Holding Company, until March 31, 2028, pending shareholder approvals. This offers financial flexibility. The Board also appointed Mr. Gorakh Ingale, a seasoned finance professional, as the new Chief Financial Officer.