The Board of Directors at Industrial Investment Trust Limited has approved the reclassification of Mr. Swaran Singh from the promoter and promoter group category to the public category. This decision was made during the Board Meeting No. 01/2026-2027 held on May 23, 2026, at the company's registered office. The approval is subject to the necessary clearances from the stock exchanges where the company's equity shares are listed.

Mr. Swaran Singh had submitted a formal request to the company on April 10, 2026, seeking this change in status. The company had intimated the stock exchanges about this receipt of request on the same date. The Board evaluated the request and the regulatory provisions before granting its approval.

Shareholding Details

The Board was informed that Mr. Singh holds 25,000 equity shares of the company. This shareholding represents 0.13% of the total voting rights of the company. As the promoter seeking reclassification and related persons do not hold more than 1% of the total voting rights, shareholder approval was not required under the proviso to Regulation 31A(3)(a)(vi) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance and Conditions

In his request letter, Mr. Singh confirmed that he is neither a part of the Board nor does he hold any key managerial position in the company. He further stated that he does not participate in the management of the company in any manner or capacity and does not possess any special rights through formal or informal arrangements. The Board noted that he satisfies all conditions specified in Regulation 31A(3)(b) of the Listing Regulations.

The company will now undertake the necessary application steps to the stock exchanges to give effect to this reclassification. The Board authorized Dr. Bidhubhusan Samal, Chairman, Mr. Bipin Agarwal, Managing Director, and Ms. Cumi Banerjee, CEO (Secretarial, Legal and Admin) & Company Secretary, to complete all required filings and formalities.

Industrial Investment Trust Limited has notified the stock exchanges of an upcoming board meeting, in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting is scheduled to be held on Saturday, May 23, 2026, and will take up, among other matters, the consideration and approval of the company's audited financial results for the quarter and year ended March 31, 2026.

Board Meeting Details

The intimation, dated May 11, 2026, was addressed to the listing departments of both BSE Limited and the National Stock Exchange of India Limited. The key details of the scheduled board meeting are outlined below:

Trading Window Closure

In line with applicable insider trading regulations, the trading window for dealing in the equity shares of Industrial Investment Trust Limited is already closed for all designated persons, their immediate relatives, and other connected persons. The closure will remain in effect until the conclusion of 48 hours after the declaration of the financial results to the stock exchanges on May 23, 2026.

The intimation was signed by Cumi Banerjee, CEO (Secretarial, Legal and Admin) & Company Secretary, on behalf of Industrial Investment Trust Limited. A copy of the communication was also forwarded to the Luxembourg Stock Exchange.