SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Aug 2, 2021

2. SEC Identification Number

CS200900917

3. BIR Tax Identification No.

007-213-353-000

4. Exact name of issuer as specified in its charter

Italpinas Development Corporation

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Unit 28C BPI Philamlife Building 6811 Ayala Avenue Makati City Postal Code -

8. Issuer's telephone number, including area code

632 8893-0328

9. Former name or former address, if changed since last report

-

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Stock, P1.00 par value	434,185,375

11. Indicate the item numbers reported herein

-

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Italpinas Development CorporationIDC

PSE Disclosure Form 4-32 - Reply to Exchange's Query

Subject of the Disclosure
Italpinas Development Corporation’s (“IDC” or the “Corporation”) 45% stock dividend amounting to Php97,691,710.00 or 195,383,419 shares
Description of the Disclosure
Update on issuance of stock dividends
Information Requested
We wish to update the stockholders of the Company that the application for the amendment of the Articles of Incorporation of the Company for the increase in authorized capital stock of Italpinas Development Corp is still pending with the Securities and Exchange Commission (SEC). Considering that the stock dividends will be issued from such increase in capital stock, the Company may only issue the dividends after the SEC has determined the record date and has approved the aforesaid application.