Investment Trust of India Limited (ITI) shareholders have approved the re-appointment of Mrs. Papia Sengupta as an Independent Director for a second term of five years, extending from December 19, 2025, to December 18, 2030. The decision was made during the company's 34th Annual General Meeting (AGM) held on August 25, 2025.

Extensive Banking Experience

Mrs. Sengupta, who holds the Director Identification Number (DIN) 07701564, brings over three decades of banking sector experience to her role. Her impressive career includes serving as Executive Director at Bank of Baroda and Chief General Manager at the State Bank Group.

Areas of Expertise

Her expertise spans several critical areas in the financial sector:

• Corporate & MSME Finance
• Stressed Assets Management
• Risk Management
• Banking
• Treasury & Investment
• Audit & Inspection
• Overseas Banking
• Human Resource Management

Professional Qualifications

Mrs. Sengupta's professional qualifications include:

• CAIIB (Certified Associate of Indian Institute of Bankers) from the Indian Institute of Banking and Finance
• Chartered Financial Analyst (CFA) program from ICFAI (Institute of Chartered Financial Analysts of India)

Independence and Shareholding

The company disclosed that Mrs. Sengupta is not related to any of the company's directors. Additionally, she does not hold any shares in Investment Trust of India Limited.

AGM Details

The 34th AGM of Investment Trust of India Limited was conducted through video conferencing, in compliance with regulatory guidelines. The meeting commenced at 11:00 A.M. and concluded at 12:01 P.M. IST.

Other Key Resolutions

Apart from Mrs. Sengupta's re-appointment, several other resolutions were passed at the AGM, including:

1. Adoption of audited financial statements for the fiscal year ended March 31, 2025
2. Appointment of Mr. Chintan Valia as a director liable to retire by rotation
3. Appointment of a Secretarial Auditor
4. Amendment to the 'FFSIL - Employees Stock Option Plan 2017'
5. Approval for dilution of equity interest in subsidiary ITI Gold Loans Limited
6. Approval of material related party transactions for the company and its subsidiaries

The resolutions were passed with the requisite majority, as confirmed by the scrutinizer's report.

This re-appointment of Mrs. Papia Sengupta underscores Investment Trust of India's commitment to maintaining strong corporate governance and leveraging experienced leadership in the financial sector.

Financial Performance

Investment Trust of India Limited has reported its financial results for the first quarter ended June 30, 2025. On a consolidated basis, the company's revenue from operations stood at ₹7,010.07 lakhs. The net profit after tax was ₹1,238.99 lakhs for the quarter.

On a standalone basis, the company's revenue from operations was ₹270.28 lakhs, with a net profit after tax of ₹12.72 lakhs for the quarter.

Key Corporate Actions

ESOP Revision

The Board approved the revision of the Fortune Financial Services (India) Limited – Employees Stock Option Plan 2017 (FFSIL – ESOP 2017), subject to shareholder approval.

Equity Dilution in Subsidiary

Investment Trust of India has decided to dilute its equity interest in ITI Gold Loans Limited (IGLL), a material subsidiary. This decision will result in Investment Trust of India ceasing to be the holding company of IGLL, though it will remain an associate company.

Board Appointments

The company has made several key appointments:

• Mrs. Papia Sengupta has been re-appointed as an Independent Director for a second term of five years, from December 18, 2025 to December 17, 2030, subject to shareholder approval.
• Mrs. Darshna Devang Mehta has been appointed as Group Head - Human Resource.
• Mr. Mannish Patil has been appointed as Group Head - Information Technology.

Annual General Meeting

The 34th Annual General Meeting of the company is scheduled to be held on August 25, 2025 through video conferencing.

These strategic decisions, including the revision of the ESOP scheme and the planned equity dilution in ITI Gold Loans Limited, are aimed at optimizing capital allocation and enhancing long-term shareholder value.