ITI: Board Meeting On 13.02.2018 Interalia To Consider Unaudited Financial Results For The Quarter Ended 31.12.2017 And To Consider Raising Further Capital By Way Of Further Public Issue Of Its Equity Shares Of Rs. 10 Each Or Such Other Means

In continuation to our previous letter dated 29.01.2018, we would like to inform you that in the upcoming meeting of the board of directors of the Company (the Board) on 13.02.2018, the Board subject to approval of its shareholders, the Company also proposes to consider raising further capital by way of further public issue of its equity shares of Rs. 10 each or such other means as may be approved by the Board and the Shareholders, to ensure compliance with the minimum public shareholding requirement as prescribed under Securities Contracts (Regulation) Rules, 1957, as amended and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

We undertake to intimate the stock exchanges of the outcome of the aforementioned Board meeting within 30 minutes of the conclusion of the Board meeting.