C07740-2026

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)
Oct 30, 2026
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
METRO MANILA
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
UNIT 28C BPI PHILAMLIFE BUILDING, 6811 AYALA AVE., MAKATI CITY Postal Code 1228
8. Issuer's telephone number, including area code
(02) 88930328
9. Former name or former address, if changed since last report
N/A
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 724,004,114
11. Indicate the item numbers reported herein
9

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 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Material Approvals in the October 30, 2026 Board of Directors' Meeting
Background/Description of the Disclosure

At a meeting of the Board of Directors held on October 30, 2026 the following were approved:

1. ACQUISITION OF FINCA MONTERO BY IDC PRIME, INC.

The Board approved the proposed acquisition by its subsidiary, IDC Prime Inc. (“IDC Prime”), of the remaining forty-nine percent (49%) equity interest in Finca Montero Resources Inc. (“Finca Montero”) for an aggregate purchase consideration of PhP33,000,000.00.

IDC Prime currently holds a fifty-one percent (51%) equity interest in Finca Montero. Upon completion of the proposed acquisition, IDC Prime's ownership will increase to one hundred percent (100%), making Finca Montero its wholly owned subsidiary.

The Corporation shall make the appropriate disclosures upon the occurrence of subsequent material developments, including completion of the acquisition.

2. INCORPORATION OF VERA FACILITIES MANAGEMENT CORPORATION

The Board approved the incorporation of Vera Facilities Management Corporation. This corporation is intended to engage in facilities management activities, with its proposed principal office in Cagayan de Oro City.

The proposed incorporation remains subject to the necessary stockholder approvals, finalization of the respective incorporation documents, and registration with the Securities and Exchange Commission.

The Corporation shall make the appropriate disclosures upon the occurrence of subsequent material developments.


3. ADDITIONAL SUBSCRIPTION TO IDC PRIME, INC. SHARES

The Board approved the proposed additional subscription by the Corporation to unissued shares of its subsidiary, IDC Prime Inc. (“IDC Prime”), with the subscription consideration to be settled through the conveyance of a parcel of land owned by the Corporation and located in Santo Tomas, Batangas.

The final valuation of the property and the corresponding number of IDC Prime shares to be issued remain subject to the completion of an appraisal and finalization of the applicable transaction documents, given that the transfer value will be the higher of the acquisition cost of PhP53,470,000.00, or the appraised value.

The implementation of the transaction remains subject to the completion of the necessary valuation, corporate and regulatory requirements, and execution of the definitive documents.

The Corporation shall disclose subsequent material developments as appropriate.
Other Relevant Information

Please see the attached SEC Form 17-C
Filed on behalf by:
Name Michael John Tantoco Jr.
Designation External Counsel/Corporate Secretary