Industrial Investment Trust Limited has announced the successful completion of its postal ballot process, with shareholders overwhelmingly approving a related party transaction involving its subsidiary company. The resolution was deemed passed on January 08, 2026, following the conclusion of the remote e-voting period.

Resolution Details and Approval

The postal ballot sought shareholder consent for a specific related party transaction under Regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resolution pertained to approving consent for the subsidiary company, IITL Projects Limited, regarding variation in terms of total 70,00,000 preference shares issued by them to the parent company.

Voting Process and Timeline

The company conducted the postal ballot exclusively through remote e-voting, in compliance with MCA General Circulars. The postal ballot notice was dated November 12, 2025, with the cut-off date for eligible shareholders set as November 28, 2025. A total of 3,952 shareholders were recorded on the cut-off date.

Voting Results and Shareholder Response

The resolution received exceptional support from shareholders, with 99.99% of valid votes cast in favor. Out of the total 19,608,780 shares held across all categories, 223,798 votes were polled, representing 1.14% of outstanding shares.

Category-wise Voting Breakdown

The voting pattern showed strong institutional support, with public institutions demonstrating 100% approval. Public non-institutions also showed overwhelming support at 97.60% in favor. Notably, promoter and promoter group shareholders did not participate in the voting process for this resolution.

Regulatory Compliance and Scrutinizer Report

CS Chandanbala O. Mehta, a Practicing Company Secretary with membership number F6122, was appointed as the scrutinizer for the postal ballot process. The scrutinizer ensured compliance with all applicable provisions of the Companies Act, 2013, and SEBI regulations. The company published advertisements about the postal ballot notice dispatch in The Free Press Journal (English) and Navshakti (Marathi) on December 09, 2025.

The successful completion of this postal ballot enables IITL Projects Limited to proceed with the approved variation in preference share terms, strengthening the subsidiary's operational flexibility while maintaining regulatory compliance. The overwhelming shareholder support reflects confidence in the company's strategic decisions regarding its subsidiary operations.

Industrial Investment Trust Limited (IITL) has witnessed another share acquisition by its promoter group entity, Nimbus India Limited. The company has filed the mandatory regulatory disclosure following its latest transaction in IITL shares.

Latest Transaction Details

According to the regulatory filing dated December 13, 2025, Nimbus India Limited acquired 1,000 equity shares of IITL through open market transactions on December 12, 2025. The transaction details are as follows:

Current Shareholding Pattern

Following the latest acquisition, the updated shareholding structure shows:

Previous Acquisitions

This marks the third consecutive acquisition by Nimbus India Limited in recent months. The company had previously acquired 1,03,000 shares on December 4, 2025, and 100,000 shares on November 26, 2025, demonstrating consistent interest in increasing its stake.

Regulatory Compliance

The disclosure has been filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011. The filing was submitted to BSE Limited, National Stock Exchange of India Limited, and Industrial Investment Trust Limited on December 13, 2025, ensuring full regulatory compliance.

Company Information

Industrial Investment Trust Limited trades on both BSE (Code: 501295) and NSE (Symbol: IITL) with a total equity share capital of ₹19.61 crores comprising 1,96,08,780 equity shares of ₹10 each. The continued acquisitions reflect the promoter group's sustained confidence in the company's prospects.