ITL Industries Limited has announced a board meeting scheduled for March 17, 2026, to address significant corporate governance matters and strategic decisions. The meeting, set to commence at 3:00 P.M. at the company's registered office, will focus on internal auditor transitions and potential subsidiary disinvestment.

Board Meeting Details

The board meeting has been convened to handle multiple critical business items that require director approval and oversight.

Key Agenda Items

The board will deliberate on several important matters during the scheduled meeting:

Internal Auditor Transition

The primary focus will be on internal auditor changes, with the board set to acknowledge the resignation of the current Internal Auditor and approve the appointment of a new Internal Auditor for Financial Year 2025-26. This transition represents a routine but essential corporate governance function.

Subsidiary Disinvestment Proposal

A significant agenda item involves the consideration of disinvestment proposal regarding M.M. Metals Private Limited, a non-material subsidiary company. The board will evaluate the proposal for disinvestment, sale, or transfer of equity shares held by ITL Industries in this subsidiary.

Additional Considerations

The meeting agenda also includes provisions for addressing any additional items that may arise, subject to Chairman's permission and majority director consent, including at least one Independent Director if present.

Regulatory Compliance

The board meeting notification has been filed under Regulation 29 requirements, ensuring proper disclosure to stakeholders and regulatory authorities. The company has requested BSE Limited to disseminate this information on the stock exchange website for public access and transparency.

ITL Industries Limited has announced the resignation of its Internal Auditor, Mrs. Pratibha Kothari, in compliance with regulatory disclosure requirements. The company submitted the formal notification to BSE Limited on February 26, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Mrs. Pratibha Kothari, a Chartered Accountant holding ICAI membership number 078425, tendered her resignation as Internal Auditor through a letter dated February 26, 2026. The resignation will become effective from the close of business hours on March 5, 2026.

Regulatory Compliance

The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The company provided all required details as specified in sub-para 7 of Para A of Part A of Schedule III of the LODR Regulations.

Corporate Communication

The formal communication was signed by Manoj Maheshwari, Company Secretary of ITL Industries Limited, and submitted to BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai. The company trades on BSE under the code 522183 and maintains its regulatory filings through the online portal at listing.bseindia.com.

Mrs. Kothari's departure represents a routine corporate governance matter, with the company citing personal commitments as the reason for the resignation. ITL Industries Limited has ensured full transparency by providing comprehensive disclosure details to the stock exchange and maintaining compliance with all applicable SEBI regulations.