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)

Sep 18, 2023

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 Ave., Makati Postal Code 1226

8. Issuer's telephone number, including area code

(+63 2) 8893 0328

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

Not Applicable

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 Shares	629,568,795

11. Indicate the item numbers reported herein

Item 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 4-25 - Results of Organizational Meeting References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Results of Organizational Meeting of the Board of Directors
Background/Description of the Disclosure
Please be informed that our Board of Directors, in its Organizational Meeting, has appointed the Company's officers, and approved the composition of its committees for 2023 to 2024 to serve as such until their successors have been duly qualified and appointed.

List of elected officers for the ensuing year with their corresponding shareholdings in the Issuer

Name of Person	Position/Designation	Shareholdings in the Listed Company		Nature of Indirect Ownership
		Direct	Indirect
Romolo Nati	Chairman of the Board/CEO	157,324,714	-	-
Jose D. Leviste III	President	202,807,930	-	-
Shennan A. Sy	Treasurer	931	-	-
Jose G. Araullo	Lead Independent Director	3	-	-
Michael John A. Tantoco	Corporate Secretary	-	-	-
Aleli Manimtim-Cordero	Assistant Corporate Secretary	-	-	-

List of Committees and Membership

Name of Committees	Members	Position/Designation in Committee
Audit and Risk Oversight Committee	Jose G. Araullo	Chairman
"	Christine P. Base	Member
"	Dionisio A. Tejero	Member
Corporate Governance Committee	Rafael A. Dominguez	Chairman
"	Jose G. Araullo	Member
"	Emeraldo C. Magnaye	Member
Compensation and Remuneration Committee	Rafael A. Dominguez	Chairman
"	Emeraldo C. Magnaye	Member
"	Romolo Nati	Member
Nominations Committee	Dionisio A. Tejero	Chairman
"	Jose G. Araullo	Member
"	Giuseppe Garofalo	Member

List of other material resolutions, transactions and corporate actions approved by the Board of Directors
-
Other Relevant Information
Please see attached.