Management Change4 Nov 2026, 07:52 pm
The Investment Trust of India Ltd: Rashesh Shah Appointed Manager
AI Summary
The Investment Trust of India Ltd announced the appointment of Mr. Rashesh Praful Shah as Manager, Key Managerial Personnel (KMP), and Senior Management Personnel (SMP) effective November 4, 2026. This appointment is subject to shareholder approval. The company's Board of Directors also approved the unaudited financial results for the quarter and half-year ended September 30, 2026. Additionally, the Board reviewed a Scheme of Arrangement for the amalgamation of its wholly-owned subsidiaries into the company, with an appointed date of April 1, 2026, pending regulatory approvals.
Key Highlights
- Rashesh Praful Shah appointed as Manager, KMP, and SMP.
- Appointment effective November 4, 2026, pending shareholder approval.
- Unaudited financial results for Q2 FY27 approved.
- Scheme of Arrangement for subsidiary amalgamation approved.
- Amalgamation effective April 1, 2026, subject to approvals.
Price Impact
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