Industrial Investment Trust Limited (IITL) has scheduled a Board Meeting on December 3, 2024, to discuss the proposal for variation in the terms of Zero Percent Non Convertible Redeemable Preference Shares (NCDs) issued by its subsidiary, IITL Projects Limited. This significant move reflects the company’s ongoing efforts to optimize its financial structure and manage its investments more effectively. The variation in terms of these preference shares could have implications for the company's subsidiary, and further updates will be shared following the board's decision.

The board meeting will focus on how to modify the terms under which these Zero Percent NCDs were initially issued. Non-convertible preference shares (NCDs) are a crucial financial instrument, and any changes to their terms may affect the company’s capital structure and its future financial commitments.

As a result of the ongoing discussions and potential changes in the financial structure, the trading window for IITL’s equity shares will remain closed from November 27, 2024, until 48 hours following the conclusion of the board meeting. This is in accordance with the company's internal policies and the regulations set by SEBI (Securities and Exchange Board of India), ensuring that all insiders have equal access to material information and that no one benefits from information not yet made public.

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IITL has taken steps to ensure transparency and timely disclosures regarding any corporate developments. Investors and stakeholders can expect a formal update after the meeting on December 3, 2024. The company is also committed to providing all relevant information regarding these developments on both the BSE and NSE platforms.

The communication from IITL further emphasizes its adherence to corporate governance norms, ensuring that all material decisions are made with the utmost transparency and in compliance with listing regulations.

For more information on the upcoming board decisions and the potential impact of these changes on the company’s financial position, interested parties can visit the official IITL website or refer to the latest updates on the BSE and NSE websites.

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