ITL Industries Ltd

ITL Industries Divests Entire Stake in M.M. Metals Subsidiary 💼

• Sold 52.55% stake in non-material subsidiary M.M. Metals Private Limited

• Transaction executed March 18, 2026 and completed March 20, 2026

• Total consideration: ₹64,31,280 (₹64.31 lakhs) at ₹211 per equity share

• 30,480 equity shares transferred, representing ITL's entire holding

• Buyers include Rekha Jain, Mrendra Jain, Meena Jain, Ravish Jain, Prakhar Jain, Manish Jain, and Shekhar Jain (all related parties)

• Transaction conducted at arm's length despite being a related party deal

• M.M. Metals contributed 2.25% to consolidated income (₹419.91 lakhs) as of March 31, 2025

• M.M. Metals ceases to be a subsidiary of ITL Industries Limited