Promoter Reclassification10 April 2026 at 01:01 pm
IITL receives promoter reclassification request for 0.13% stake
AI Summary
Industrial Investment Trust Ltd (IITL) has received a request from Mr. Swaran Singh for reclassification from the Promoter/Promoter Group to the Public category. Mr. Singh, currently holding 25,000 equity shares (0.13% of total voting rights), submitted the request on April 10, 2026, in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. He affirms compliance with all conditions, including not holding more than 10% of voting rights, not exercising control, having no special rights, and not holding any board or key managerial personnel position. The company stated it will undertake the necessary steps to process this reclassification.
Key Highlights
- IITL received a request for promoter reclassification from Mr. Swaran Singh.
- Mr. Singh, a promoter, holds 0.13% of the company's total voting rights.
- The reclassification request is in compliance with SEBI Regulation 31A.
- Mr. Singh confirms meeting all conditions for public shareholder status.
- The company will proceed with necessary steps for the reclassification.