Regulatory Disclosure
Industrial Investment Trust Limited (BSE: 501295, NSE: IITL) submitted a disclosure pursuant to Regulation 30(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Board Meeting Details
The Board of Directors meeting was held on August 05, 2026.
Key Decision Approved
The Board considered and approved the proposed appointment of Mr. Sahil Agarwal as an Additional Director of the Company. The appointment is designated as Non-Executive and Non-Independent.
Effective Date Condition
The appointment is contingent upon and will become effective from the date of receipt of prior approval from the Reserve Bank of India (RBI).
Director Profile Details
Name: Mr. Sahil Agarwal
Education: Business Management Program from California State University, San Bernardino and Bachelor of Business Administration from Amity University, Noida, Uttar Pradesh.
Current Position: CEO and Whole-Time Director of Nimbus India Limited (an NBFC).
Experience: Over 7 years of experience in sales, marketing, real estate, fund raising, loans, and investment activities within the NBFC sector. The disclosure notes he has broad knowledge of international markets.
Assessment: Described as having dedication to his field and ability to adapt in NBFC business operations, making him a valuable asset as a Director.
Relationship Disclosure
Mr. Sahil Agarwal is the son of Mr. Bipin Agarwal, who is the Promoter and Managing Director of Industrial Investment Trust Limited.