Legal19 Sept 2026, 06:30 pm
IITL Promoter's 29.46 Lakh Shares Attached by ED under PMLA
AI Summary
Industrial Investment Trust Ltd (IITL) has received a Provisional Attachment Order No. 20 of 2026 from the Directorate Enforcement, Delhi Zonal Office, under Section 5(1) of the PMLA 2002. The order targets 29,46,341 equity shares of IITL held by its promoter, N.N. Financial Services Private Limited. The company stated that it does not foresee any material impact on its financial, operational, or other activities. The promoter, N.N. Financial Services Private Limited, reserves the right to appeal against the said order.
Key Highlights
- ED issued provisional attachment order against IITL promoter.
- Order targets 29,46,341 equity shares of IITL.
- Shares held by promoter N.N. Financial Services Private Limited.
- Company expects no material financial or operational impact.
- Promoter may appeal the attachment order.
Price Impact
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