The Hon'ble President of India, acting as the promoter of ITI Limited , has confirmed that 86,44,85,747 equity shares held in the company remained free of encumbrance throughout the financial year ended March 31, 2026. This declaration, submitted to the stock exchanges, covers shares held directly or indirectly by the promoter along with any persons acting in concert. The disclosure ensures shareholders that the promoter's holding has not been pledged or otherwise charged during FY26.

The filing was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation mandates periodic disclosures regarding the encumbrance status of promoter holdings to ensure transparency in the market. The confirmation was digitally signed by authorized signatory Rakesh Kumar Tiwari on May 26, 2026, from New Delhi.

Shareholding Details

The declaration pertains to the total equity shares held by the promoter group. The table below outlines the key details of the holding and the period covered by the disclosure.

The confirmation of unencumbered status is significant as it indicates that the promoter has not utilized these shares as collateral for borrowing or other financial obligations during the specified period. This provides stability to the shareholding structure and reduces the risk of pledged share sales impacting the stock price.

ITI Limited has issued a corrigendum to its audited financial results for the quarter and year ended March 31, 2026, correcting clerical errors in the fourth-quarter figures. The company clarified that the full-year profit remains unchanged at ₹29,283 lakhs despite the revisions.

The errors occurred while deriving balancing figures between the audited full-year figures and the published year-to-date unaudited figures up to the third quarter. The corrections primarily impacted expense classifications and cash flow statements, with no impact on the consolidated and standalone profit for the financial year.

Key Corrections

The company substituted several reported figures for the fourth quarter. Total expenses for the quarter were revised to ₹66,402 lakhs from the previously reported ₹72,457 lakhs. Profit before exceptional items and tax for the quarter was adjusted to a loss of ₹2,313 lakhs. Additionally, earnings per share for the quarter was revised to ₹4.53 from the earlier reported ₹3.90.

Cash Flow Adjustments

The corrigendum also amended the consolidated and standalone cash flow statements. Proceeds from the sale of fixed assets for the year were revised to ₹88,420 lakhs, down from the previously reported ₹91,431 lakhs. The increase in other current assets was adjusted to a decrease of ₹16,348 lakhs.

Auditor's Stance

Statutory auditors B.K. Ramadhyani & Co. LLP had previously issued a disclaimer of opinion on the standalone and consolidated financial results. The auditors cited the inability to obtain sufficient appropriate audit evidence due to inadequate internal financial controls and the company's failure to establish a sound information systems security policy. The corrigendum does not alter the auditor's disclaimer or the material uncertainties regarding the company's ability to continue as a going concern.

Financial Performance

Despite the quarterly adjustments, the annual financial performance remains as previously reported. Revenue from operations for the year stood at ₹2,18,372 lakhs, a decline from ₹3,61,642 lakhs in FY25. The turnaround to a net profit of ₹29,283 lakhs was driven by exceptional items amounting to ₹44,915.48 lakhs, primarily comprising write-offs of old receivables and inventories.

The following table summarizes the standalone financial performance for the year ended March 31, 2026: