ITL Industries Limited Reports Zero Physical Share Transfer Requests for January-February 2026

ITL Industries Limited has filed its mandatory regulatory update with BSE Limited regarding the status of physical share transfer requests for the months of January and February 2026. The submission, dated March 25, 2026, demonstrates the company's compliance with Securities and Exchange Board of India (SEBI) reporting requirements.

Regulatory Compliance Framework

The disclosure was made in accordance with two key SEBI circulars: SEBI/HO/MIRSD-POD-1/P/CIR/2025/197 dated July 2, 2025, and SEBI/HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026. These regulations mandate listed companies to report the status of physical share transfer request re-lodgments on a periodic basis.

Physical Share Transfer Activity Report

The company's report for the two-month period shows complete absence of physical share transfer activity. The detailed breakdown reveals a consistent pattern across both months:

Parameter	January 2026	February 2026
Requests Received	0	0
Requests Processed	0	0
Requests Approved	0	0
Requests Rejected	0	0
Average Processing Time (days)	0	0

Administrative Details

The regulatory filing was digitally signed and submitted by Manoj Maheshwari, Company Secretary and Compliance Officer of ITL Industries Limited. The submission was made to BSE Limited at its registered address on Dalal Street, Mumbai, through the online filing platform at listing.bseindia.com.

Market Context

The zero activity in physical share transfers reflects the broader market trend toward dematerialized securities. Most investors now prefer electronic form of shareholding, which eliminates the need for physical certificate transfers and associated administrative processes.

This regulatory update maintains ITL Industries Limited's transparency with stakeholders and ensures compliance with SEBI's disclosure requirements for listed companies regarding share transfer activities.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.59%	+8.93%	+2.78%	-17.35%	-27.36%	+171.83%

ITL Industries Limited has successfully completed the divestment of its subsidiary M.M. Metals Private Limited, with the transaction concluding on March 20, 2026. The company received aggregate consideration of Rs. 64.31 lakhs for the sale of 30,480 equity shares, representing 52.55% stake at Rs. 211 per share.

Transaction Completion and Financial Details

Following the share sale agreement executed on March 18, 2026, ITL Industries has now received the full consideration from buyers. The completion marks the end of M.M. Metals Private Limited's status as a subsidiary of ITL Industries, effective March 20, 2026.

Transaction Parameter:	Details
Completion Date:	March 20, 2026
Total Consideration:	Rs. 64.31 lakhs
Price Per Share:	Rs. 211
Shares Transferred:	30,480 equity shares
Percentage Stake:	52.55%
Agreement Date:	March 18, 2026

Financial Impact Assessment

M.M. Metals Private Limited's contribution to ITL Industries' consolidated financials as of March 31, 2025, demonstrates its position as a non-material subsidiary with limited impact on overall operations:

Contribution Metric:	Amount	Percentage
Consolidated Income:	Rs. 419.91 lakhs	2.25%
Consolidated Net Worth:	Rs. 212.79 lakhs	2.65%

Related Party Transaction Structure

The divestment involved seven buyers, all identified as directors and their relatives of M.M. Metals Private Limited, confirming this as a related party transaction conducted at arm's length pricing:

S.N.:	Buyer Name	Relationship
1:	Mrs. Rekha Jain	Directors Relative
2:	Mr. Mahendra Jain	Directors Relative & Shareholder
3:	Mrs. Meena Jain	Directors Relative & Shareholder
4:	Mr. Ravish Jain	Director & Shareholder
5:	Mr. Prakhar Jain	Director & Shareholder
6:	Mr. Manish Jain	Director & Shareholder
7:	Mr. Shekhar Jain	Director & Shareholder

Regulatory Compliance

The transaction was disclosed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with additional compliance to SEBI circular dated November 11, 2024. The company confirmed that all contractual obligations under the share sale agreement have been fulfilled, leading to successful completion of the disinvestment process.

With this strategic divestment completed, ITL Industries has successfully streamlined its subsidiary portfolio while ensuring compliance with all regulatory requirements for related party transactions.