IITL Projects Ltd Announces Sale of Investment, Extends Redemption Period of Preference Shares, and Appoints New CFO

IITL Projects Ltd has announced several significant decisions during its board meeting held on November 12, 2025. The company has approved the sale of its investment in Capital Infraprojects Private Limited to Medanta Real Estate Private Limited for a consideration of Rs. 40,00,000. Additionally, the company has decided to extend the maximum period of redemption of 70,00,000 Zero% Non-Convertible Redeemable Preference Shares issued to the Holding Company, Industrial Investment Trust Limited, up to March 31, 2028, subject to approvals of Equity Shareholders and Preference Shareholder of the Company. Furthermore, the company has appointed Mr. Gorakh Ingale as the Chief Financial Officer and Key Managerial Personnel with effect from November 12, 2025.