ITI LTD. - Board Meeting Outcome for Outcome Of Board Meeting

This is to inform that the Board of Directors in its meeting held on 28.09.2022 has considered and approved allotment of 77,33,204 equity shares issued at Rs 103.45/- (Rs 10 face value and premium of Rs 93.45) to the President of India, against capital grant of Rs 80,00,00,000/- (Rupees Eighty Crore) received from Government of India. The Capex receipt of Rs. 80,00,00,000/- and allotment of equity shares is made pursuant to BIFR order dated 08.01.2013.