ITL Industries Ltd

📊 ITL Industries Divests Entire 52.55% Stake in M.M. Metals

• Board approved disinvestment of entire 52.55% stake in M.M. Metals Private Limited

• Transaction involves 30,480 equity shares

• Approved by Board of Directors on March 17, 2026

• M.M. Metals contributed ₹4.19 crores (2.25%) to consolidated income

• Contributed ₹2.13 crores (2.65%) to consolidated net worth as of March 31, 2025

• Buyers include related parties: Mrs. Rekha Jain, Mr. Mahendra Jain, Mrs. Meena Jain, Mr. Ravish Jain, Mr. Prakhar Jain, Mr. Manish Jain, and Mr. Shekhar Jain

• Transaction to be conducted at arm's length

• Details on agreement date, completion date, and consideration to be shared later