Key Event: Board Approval for Borrowing
The Board of Directors of Industrial Investment Trust Limited, at its meeting held on Saturday, October 31, 2026, approved the borrowing of funds.
Borrowing Details
- Aggregate Limit: Up to Rs. 200 Crores (Rupees Two Hundred Crores Only).
- Potential Lenders: Banks, financial institutions, NBFCs, and/or other lenders.
- Security: Borrowings may be with or without security.
- Purpose: The funds are for carrying out the company's principal business activities, specifically:
- Onward lending
- Financing
- Meeting operational and working capital requirements
Shareholder Authorization
This board approval is in accordance with a Special Resolution passed by shareholders under Section 180(1)(c) of the Companies Act, 2013. The resolution was approved at the Annual General Meeting held on September 17, 2026, and authorizes the Board to borrow money up to Rs. 1,000 Crores (Rupees One Thousand Crores Only) at any point in time.
Annexure I Disclosures (SEBI Master Circular Compliance)
- Parties: Not applicable at this stage, as the approval is enabling and no specific lender has been identified.
- Shareholding in Lender: Not applicable.
- Significant Terms: Terms and conditions will be mutually agreed upon with the respective lenders at the time of borrowing.
- Related Party Status: Not decided at this stage.
- Related Party Transaction: Not decided at this stage.
- Loan Details: The actual amount borrowed, outstanding amount, tenure, interest rate, security, and lender details will be determined when specific borrowing arrangements are entered into.