ITI Limited — Important, 03-07-2026: Disclosure of material issue

**ITI Ltd (ITI) completes major land asset monetization.**

**Issue:** ITI has finalized the long-pending sale of a 21-acre land parcel in K.R. Puram, Bengaluru, to the Central Goods and Services Tax Department (CGST). This land was previously mortgaged to a consortium of lending banks.

**Impact & Company's Response:** The company received Rs. 914.31 Cr from this sale. A significant portion, Rs. 902.81 Cr, has been used to repay its fund-based borrowings to the banks. This debt reduction is a major positive, as it has led to the release of the mortgage on the land, allowing ITI to transfer a clear and marketable title. This move substantially strengthens ITI's balance sheet and reduces its debt burden.

#DebtReduction #AssetMonetization #ITILtd