Investment Trust of India Limited has successfully completed the redemption of its outstanding 0% Optionally Convertible Preference Shares (OCPS), marking the conclusion of a five-year investment cycle that began in December 2020. The company announced the redemption of 10,050 preference shares on December 30, 2025, representing the final tranche of OCPS that remained unconverted to equity shares.

OCPS Redemption Details

The redemption process involved the remaining balance of preference shares from an original issuance under a court-sanctioned scheme of arrangement. The key details of the redemption are presented below:

Background and Conversion History

The OCPS were originally issued pursuant to a Scheme of Arrangement sanctioned by the National Company Law Tribunal under Sections 230 to 232 of the Companies Act, 2013, with the order dated December 03, 2020. The preference shares carried a tenure of five years, expiring on December 30, 2025, and provided holders the option to convert into equity shares within the stipulated period.

Payment and Compliance Arrangements

The company has implemented a structured approach to handle the redemption proceeds, ensuring compliance with regulatory requirements and good governance practices. The redemption amount has been funded entirely from the company's available reserves, and upon completion of the redemption process, the OCPS stand fully discharged with the company's liability extinguished.

Notably, the preference shareholders had not approached the company to claim the redemption proceeds as of the redemption date. In response to this situation and as a matter of good governance, Investment Trust of India has transferred the entire redemption amount to a separate designated bank account. The company remains prepared to process payments to the concerned preference shareholders upon receipt of valid claim details and will send appropriate intimations to shareholders individually.

Regulatory Disclosure and Next Steps

This redemption represents a continuing update under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following the company's initial disclosure dated November 05, 2025. The completion of this redemption process effectively closes the OCPS chapter for Investment Trust of India, with all shares either converted to equity or redeemed as per the original scheme terms.

The company's proactive approach in setting aside redemption funds demonstrates its commitment to shareholder interests and regulatory compliance, ensuring that preference shareholders can claim their dues when ready while maintaining transparent corporate governance standards.

Investment Trust of India Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving the extension of its FFSIL-Employee Stock Option Plan 2017 (ESOP 2017) to employees of subsidiary companies. The voting results were announced on December 19, 2025, following the completion of the e-voting period.

Overwhelming Shareholder Support

The special resolution received exceptional shareholder backing, demonstrating strong confidence in the company's group-wide talent strategy:

The resolution was deemed passed on December 18, 2025, being the last date of e-voting, with the requisite majority achieved as per Section 114(2) of the Companies Act, 2013.

ESOP Extension Framework

The approved proposal enables ITI to extend its comprehensive employee incentive program across its corporate ecosystem:

Voting Process and Compliance

CS Himanshu Gajra served as the appointed scrutinizer, conducting the voting process through CDSL's e-voting platform. The postal ballot notice was dispatched electronically on November 14, 2025, to members whose email addresses were registered with the company or depositories. The company published mandatory newspaper advertisements in Financial Express (English) and Navshakti (Marathi) on November 15, 2025.

Strategic Impact

This approval represents a comprehensive approach to group-wide talent management, allowing ITI to align subsidiary employees' interests with parent company objectives, enhance motivation and retention across the corporate group, and foster an ownership mentality among key personnel throughout the organization.

The voting results and scrutinizer report have been submitted to BSE (Scrip Code: 530023) and NSE in compliance with Regulation 44(3) of SEBI (LODR) Regulations, 2015, with all documentation available on the company's website for stakeholder reference.