ITI secures listing approval for 19.65 lakh preferential shares

1 min read     Updated on 12 Jun 2026, 04:26 AM
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Reviewed by
Naman SScanX News Team
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ITI Ltd received approval from BSE and NSE to list 19,65,029 equity shares issued to promoters at a premium of ₹290.25 per share. The shares, bearing distinctive numbers from 960886939 to 962851967, will be listed upon depository confirmation. The company must comply with SEBI ICDR Regulations and apply for trading approval within seven working days to avoid penalties.

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ITI Ltd has secured listing approval from BSE and NSE for 19,65,029 equity shares issued to promoters on a preferential basis. The shares, valued at ₹10 each, were issued at a premium of ₹290.25. This approval allows the shares to be listed and admitted to dealings on the exchanges, pending confirmation from depositories regarding the credit of beneficiaries' accounts.

The approvals were granted via letters from BSE (LOD/PREF/MV/FIP/358/2026-27) and NSE (NSE/LIST/53986) on June 10, 2026. The shares bear distinctive numbers ranging from 960886939 to 962851967. The intimation was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company must ensure compliance with Regulation 167 of the SEBI (ICDR) Regulations. Additionally, if the shareholding pattern changes by more than 2% of the total paid-up share capital, the company is required to file the updated pattern in XBRL mode under Regulation 31(1)(c) of SEBI LODR Regulations.

Trading approval for these shares will be granted only after ITI Ltd submits the listing approval from the other exchange and confirmation letters from NSDL and CDSL. These confirmations must verify the crediting of shares to beneficiary accounts and the lock-in of pre-preferential holdings if applicable.

Listed entities are required to apply for trading approval within seven working days from the date of the listing approval grant. Non-compliance with this timeline, as specified in SEBI circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023, will result in penalties.

Parameter Details
Total Shares Allotted 19,65,029
Face Value ₹10
Issue Premium ₹290.25
Issue Basis Preferential to Promoters
Distinctive Number Range 960886939 to 962851967
BSE Reference Number LOD/PREF/MV/FIP/358/2026-27
NSE Reference Number NSE/LIST/53986

Historical Stock Returns for ITI

1 Day5 Days1 Month6 Months1 Year5 Years
-1.90%-1.50%+4.50%-3.67%-5.71%+130.58%

How will the infusion of funds from this preferential allotment impact ITI Ltd's capital expenditure plans and debt profile?

What strategic initiatives or acquisitions does ITI Ltd intend to pursue with the capital raised from this issuance?

How might the increase in promoter shareholding influence the company's governance structure and future decision-making?

ITI Limited promoter holds 86.45 crore shares free of encumbrance in FY26

1 min read     Updated on 10 Jun 2026, 04:55 AM
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The Hon'ble President of India, promoter of ITI Limited, declared no encumbrance on 86,44,85,747 equity shares during FY26 under SEBI SAST Regulations. The disclosure confirms shares held directly or indirectly remain unpledged. The filing was signed by Rakesh Kumar Tiwari on May 26, 2026.

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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.

Particulars Details
Total shares held 86,44,85,747
Encumbrance status No encumbrance
Period covered FY26
Regulation SEBI SAST Reg 31(4)

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.

Historical Stock Returns for ITI

1 Day5 Days1 Month6 Months1 Year5 Years
-1.90%-1.50%+4.50%-3.67%-5.71%+130.58%

Will the unencumbered status of promoter shares enable ITI Limited to raise capital more easily in the future?

How might this declaration influence institutional investor confidence in ITI Limited's governance?

Does the promoter's decision to keep shares unpledged signal potential strategic investments or expansion plans?

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