ITL Industries Ltd

ITL Industries to Sell Majority Stake in Subsidiary M.M. Metals

• Agreement signed March 18, 2026 to sell 30,480 equity shares (52.55% stake)

• Sale to related parties including directors and their relatives

• Transaction conducted at arm's length basis

• Expected completion by March 31, 2026

• M.M. Metals will cease to be subsidiary after transaction

• Contributed ₹4.1991 crore (2.25%) to consolidated income FY2025

• Contributed ₹2.1279 crore to consolidated net worth FY2025

• Consideration amount to be disclosed post-transaction completion