Industrial Investment Trust has successfully completed its postal ballot process, with shareholders approving a critical related party transaction involving its subsidiary company. The voting process, conducted entirely through remote e-voting, concluded on January 08, 2026, with overwhelming shareholder support for the proposed resolution.

Postal Ballot Resolution Details

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

Voting Results and Participation

The postal ballot process demonstrated strong shareholder confidence in the proposed transaction. CS Chandanbala O. Mehta, a practicing company secretary, served as the scrutinizer to ensure fair and transparent voting procedures.

Notably, promoters and promoter group members, holding 1,04,64,692 shares, abstained from voting due to their interest in the resolution, as required under regulatory guidelines.

Regulatory Compliance and Process

The company adhered to all regulatory requirements for conducting the postal ballot process. The postal ballot notice dated November 12, 2025, was distributed to all eligible shareholders, with the cut-off date set as November 28, 2025. A total of 3,952 shareholders were recorded on the cut-off date.

Key compliance highlights include:

• Advertisement published in The Free Press Journal (English) and Navshakti (Marathi) on December 09, 2025
• Remote e-voting facility provided through Central Depository Services (India) Limited
• Electronic votes unblocked on January 08, 2026, at 5:02 PM in the presence of independent witnesses
• GDR holders with 29,38,770 underlying equity shares excluded from voting as per regulations

Corporate Governance and Transparency

The postal ballot process reflects Industrial Investment Trust Limited's commitment to corporate governance and regulatory compliance. The resolution's approval with 99.99% votes in favour demonstrates strong shareholder confidence in the company's strategic decisions regarding its subsidiary operations.

The scrutinizer's report confirmed that all procedural requirements were met, with the voting process conducted fairly and transparently. The company has fulfilled its obligations under Regulation 44 of SEBI Listing Regulations by declaring the results and submitting detailed voting reports to stock exchanges.

With the resolution now approved, Industrial Investment Trust Limited can proceed with the variation in preference share terms for its subsidiary IITL Projects Limited, enabling the group to optimize its capital structure and operational efficiency.

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.