Industrial Investment Trust Announces Buyback Plan; Sets Record Date for Shareholders
Industrial Investment Trust Limited (OITL) announced that its Board of Directors approved a plan for buying back up to 16,66,667 equity shares. The buyback is set to be conducted via the tender offer route and has established Tuesday, August 18, 2026, as the record date for determining shareholder eligibility.The company confirmed that the maximum size of the proposed buyback stands at INR 25,00,00,050/- (Indian Rupees Twenty-Five Crore and Fifty Only). The proposal allows for the repurchase of equity shares representing up to 7.39% of the total paid-up equity share capital.
At the time of the board meeting, the company’s management appointed Systematix Corporate Services Limited, a SEBI Registered Merchant Banker, as the Manager responsible for executing the buyback.
Operational Details and Committee Formation
The Board approved the proposal to repurchase not exceeding 16,66,667 fully paid-up equity shares of the Company, each carrying a face value of Rs. 10/- (Rupee Ten Only). The buyback price has been set at INR 150/- per Equity Share.To oversee the process, the Board constituted a Buyback Committee comprising Dr. Bidhubhusan Samal, Chairman, Mrs. Cumi Banerjee, CEO (Secretarial, Legal and Admin) & Company Secretary, Mr. Gorakh Ingale, Group Chief Financial Officer, and Mr. Mithilesh Kumar, Chief Executive Officer - NBFC of the Company. Mrs. Cumi Banerjee was also appointed as the Compliance Officer for the proposed buyback.
The tender offer is planned to be made from all equity shareholders or beneficial owners, excluding the promoters and members of the promoter group who hold Equity Shares as on the record date. The Board has noted that the Promoters and members of the Promoter Group intend not to participate in the buyback.
Key Timelines and Purchase Parameters
The Record Date for determining shareholder eligibility is Tuesday, August 18, 2026. The company retains the option, until one working day prior to the record date, to adjust either the Buyback price or the number of Equity Shares proposed, provided there is no change in the aggregate Buyback Size.The pre-buyback shareholding pattern as of July 31, 2026, provides a detailed look at the equity distribution:
| Shareholder Category | No. of Shares | % of Existing Equity Share Capital |
|---|---|---|
| Promoter and Promoter Group | 11,255,692 | 49.92 |
| Indian Financial Institutions (Banks) | 51,480 | 0.23 |
| Indian Financial Institutions (Insurance Companies) | 222,966 | 0.99 |
| State Government | 38,700 | 0.17 |
| FIVFPI | 955,990 | 4.24 |
| NRIs | 26,089 | 0.12 |
| DRs | 2,938,770 | 13.03 |
| Indian Public, Corporates and Others | 7,057,863 | 31.30 |
| Total | 22,547,550 | 100.00 |
The company noted that the post-buyback shareholding pattern will be dependent on the actual number of Equity Shares bought back and the category of shareholders from whom the shares are acquired.
IITL Stock Price Movement
Today, Industrial Investment Trust Limited shares gained to close at ₹142.58, rising by 3.39% in post-market trading. The equity traded within an intraday range of ₹138 and a high of ₹147.29, with 136,790 shares transacted.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.