ITI has informed that the Board of Directors in its 431st meeting held on 13.09.2017, considered and approved the issue and allotment of 10,00,00,000 equity shares of Rs 10 each at par amounting to Rs 100,00,00,000 to President of India. The said allotment of equity shares is made pursuant to BIFR order dated 08.01.2013, sanctioning the revival scheme of the Company.
The above information is a part of company’s filings submitted to BSE.