Corporate Desk: The Respected Shareholders of the Information Technology Consultants Limited (ITC) has approved to purchase land total 20.065 Kathas Mouza valuing at Taka 35.00 (Thirty Five) Crores (approx.) located at commercial Plots Number: 35/Kha (Thirty Five/Kha) & 36/Kha (Thirty Six/Kha) at Tejgaon Industrial Area, Dhaka. The company will construct Modernized Hi-Technology based multi-storied building to be named as “ITC Tower”.
The total project cost is Taka 280 (Two Hundred Eighty) Crores, where included land value, construction cost of Ground Floor + 13 Floors + 2 Basements, multiple state-of-the-art data centers and other relevant equipment etc. The company will finance Taka 76.00 (Seventy Six) Crores from Company’s own source and remaining project
cost Taka 204.00 (Two Hundred Four) Crores will be mitigated by Bank Finance under Term Loan
phase by phase.
The approval came from Extra Ordinary General Meeting (EGM) of the company held virtually by using Digital Platform on Wednesday, April 26, 2023, at 10:30 a.m.
Mr. Lim Kiah Meng, Chairman of the meeting presided over the meeting. Dr. Kazi Saifuddin Munir, Managing Director & CEO, Mr. Md. Kamal Uddin, FCA, Independent Director, Mr. Dasgupta Asim Kumar, Independent Director, Other Directors, Mr. Shyamal Kanti Karmakar, CFO and Mr. Anindya Sarkar FCS, Company Secretary were present in the meeting.
