IITL Projects Ltd (531968)
Q2 FY27 results
📅 Next results: 30 Oct 2026 (board meeting)IITL Projects Ltd's board meets on 30 Oct 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q4 FY26, IITL Projects' revenue was ₹0.0 Cr, and net profit ₹0.2 Cr (-99.5% year on year).
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹0.0 | loss narrowed | — |
| Operating profit | ₹-0.2 | loss narrowed | to loss |
| Net profit | ₹0.2 | -99.5% | -70.3% |
| EPS (₹) | 0.38 | -99.5% | -70.3% |
📢 Recent Corporate Announcements
IITL Projects has signed a Strategic Investment Agreement to invest up to Rs 10 crore in a proposed residential township in Mathura, Uttar Pradesh, developed by Kaamag Private Limited and Maayin's Real Estate Private Limited. In exchange, IITL Projects will receive 2,400 square yards of saleable area with a promised minimum return of Rs 12 crore by March 31, 2028. The proposed Rs 10 crore investment represents approximately 41.7% of the company's Rs 24 crore market cap and 10x its TTM revenue of Rs 1 crore. The agreement is secured by the title deeds of approximately 3 acres of project land with a default interest clause of 16% per annum.
- Proposed investment of up to Rs 10 crore in tranches, representing ~41.7% of current market cap
- Entitlement to 2,400 square yards of saleable area across 3 acres of project land
- Contractual minimum return of Rs 12 crore ensured jointly and severally by the landowners
- Minimum sale price floor set at Rs 50,000 per square yard during the sale period ending March 31, 2028
- Security provided via original title deeds of ~3 acres, with a 16% per annum interest penalty upon default
IITL Projects Limited has issued a communication under Regulation 36(1)(b) of SEBI LODR to shareholders whose email IDs are not registered with the company or RTA. The 32nd Annual General Meeting (AGM) is scheduled to be held on Thursday, September 17, 2026, at 12:00 noon IST via video conferencing. The company has shared web links to access the Annual Report for FY 2025-26 based on the shareholder list as of August 14, 2026. The letter also serves as a reminder for physical shareholders to update mandatory KYC details.
- 32nd AGM scheduled for Thursday, September 17, 2026, at 12:00 noon IST via video conferencing
- Communication sent to shareholders with unregistered email IDs as per the cut-off date of August 14, 2026
- Annual Report for FY 2025-26 made available on the company website
- Reminder issued to physical security holders for mandatory KYC updation per SEBI circular
IITL Projects Limited has announced that its 32nd Annual General Meeting (AGM) will take place on Thursday, September 17, 2026, at 12:00 noon via Video Conferencing. The company has fixed Thursday, September 10, 2026, as the cut-off date to determine shareholder voting eligibility. Additionally, the Register of Members and Share Transfer Books will be closed from September 10 to September 17, 2026 (both days inclusive).
- 32nd Annual General Meeting scheduled for September 17, 2026, at 12:00 noon via VC/OAVM
- Shareholder cut-off date fixed as September 10, 2026
- Book closure period scheduled from September 10, 2026 to September 17, 2026
IITL Projects Limited has announced that its 32nd Annual General Meeting (AGM) will be held on Thursday, September 17, 2026, at 12:00 noon IST via Video Conferencing/OAVM. The Register of Members and Share Transfer Books will remain closed from September 10, 2026, to September 17, 2026 (both days inclusive). The cut-off date for determining shareholder voting rights for the AGM is Thursday, September 10, 2026. This is a routine administrative compliance filing with no operational or financial impact on the company.
- 32nd AGM scheduled for Thursday, September 17, 2026, at 12:00 noon IST via VC/OAVM
- Share transfer books and member register closed from September 10, 2026, to September 17, 2026
- Cut-off date fixed as Thursday, September 10, 2026, for AGM voting entitlement
IITL Projects Limited has submitted its 32nd Annual Report for FY 2025-26 alongside the Notice of its 32nd Annual General Meeting (AGM). The meeting is scheduled to be held virtually on Thursday, September 17, 2026, at 12:00 noon IST. Ordinary business includes the adoption of the audited standalone financial statements and the re-appointment of retiring director Dr. Bidhubhusan Samal. The Register of Members and Share Transfer Books will remain closed from September 10, 2026, to September 17, 2026.
- 32nd Annual General Meeting scheduled for September 17, 2026, at 12:00 noon via VC/OAVM.
- Share transfer books and register of members closed from September 10, 2026, to September 17, 2026.
- Ordinary business includes adoption of FY26 financial statements and director re-appointment.
- Remote e-voting facility arranged through Central Depository Services (India) Limited (CDSL).
IITL Projects Limited has issued the notice for its 32nd Annual General Meeting (AGM) scheduled for Thursday, September 17, 2026, at 12:00 noon IST via video conferencing. The agenda includes standard ordinary business: the adoption of audited financial statements for FY 2025-26 and the re-appointment of Dr. Bidhubhusan Samal (retiring by rotation). Proposed director sitting fees are set at Rs 30,000 per Board meeting and Rs 20,000 per Committee meeting. No special business or capital-raising resolutions were tabled in the notice.
- 32nd AGM scheduled for September 17, 2026, via Video Conferencing / OAVM.
- Re-appointment of Dr. Bidhubhusan Samal (83 years) as Non-Executive Director liable to retire by rotation.
- Proposed sitting fees of Rs 30,000 per Board meeting and Rs 20,000 per Committee meeting for the director.
- Remote e-voting facility provided to all shareholders through CDSL.
IITL Projects Ltd has appointed CS Payal Vyas as the Secretarial Auditor for the financial year 2026-2027. The appointee is a Peer Reviewed Company Secretary with over 20 years of experience, including a 14-year tenure at Mahindra & Mahindra. This is a standard regulatory appointment under SEBI (LODR) Regulations. Investors should note the company's small scale, with a market cap of Rs 25 Cr and a negative net worth of Rs -36 Cr.
- Appointment of CS Payal Vyas as Secretarial Auditor for FY 2026-2027 effective August 04, 2026
- Appointee brings over 20 years of experience in corporate law and SEBI compliance
- Auditor previously spent 14 years at Mahindra & Mahindra handling major corporate actions
- Company reported minimal TTM revenue of Rs 1 Cr and a negative net worth of Rs -36 Cr
IITL Projects reported a significant net loss of Rs 3.79 Cr for Q1 FY27, primarily due to a Rs 4.05 Cr impairment loss. The company has zero revenue from operations and its net worth is now fully eroded with accumulated losses of Rs 9.03 Cr. Management has explicitly stated the company ceases to be a 'Going Concern' as it has no active business or cash flows. This follows the cancellation of a Rs 30 Cr property MOU where the company has struggled to recover a Rs 5.05 Cr advance.
- Net loss of Rs 3.79 Cr in Q1 FY27 vs a profit of Rs 18.15 lakhs in Q1 FY26
- Impairment loss of Rs 4.05 Cr recognized due to uncertainty in recovering advances from Uninor Infrabuild
- Accumulated losses reached Rs 9.03 Cr, resulting in total erosion of net worth
- Revenue from operations remained at Nil for the quarter ended June 30, 2026
- Only Rs 1 Cr recovered out of Rs 5.05 Cr advance as of July 3, 2026, following MOU cancellation
IITL Projects reported a net loss of Rs 3.79 Cr for Q1 FY27, primarily due to a Rs 4.05 Cr impairment loss on a cancelled property deal. The company has officially stated it is no longer a 'Going Concern' as accumulated losses of Rs 9.03 Cr have fully eroded its net worth. Revenue from operations remained at zero for the quarter, with total income consisting solely of other income (Rs 44.40 lakhs). The company is struggling to recover a Rs 5.05 Cr advance from a cancelled Rs 30 Cr MOU, with only Rs 1 Cr recovered to date.
- Net loss of Rs 3.79 Cr reported for the quarter ended June 30, 2026, against a profit of Rs 18.15 lakhs YoY.
- Impairment loss of Rs 4.05 Cr recognized due to uncertainty in recovering advances from a cancelled Rs 30 Cr property MOU.
- Accumulated losses of Rs 9.03 Cr have completely eroded the company's net worth, leading to a 'non-going concern' accounting basis.
- Revenue from operations was Nil (Rs 0.00) for the quarter, consistent with the previous quarter.
- Only Rs 1 Cr of the Rs 5.05 Cr advance has been recovered as of July 3, 2026, following the MOU cancellation in March 2026.
IITL Projects has scheduled a board meeting for August 04, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. This is a routine regulatory filing under SEBI (LODR) Regulations. The company is currently a micro-cap with a market capitalization of ₹26 Cr and has been struggling with extremely low TTM revenue of ₹1 Cr. Investors should note the company's negative net worth of -₹36 Cr, making quarterly performance critical for assessing solvency.
- Board meeting scheduled for August 04, 2026, to approve Q1 results.
- Financial results pertain to the quarter ended June 30, 2026.
- Trading window is closed for designated persons until 48 hours after the results are declared.
- Company reports a negative net worth of ₹36 Cr as per latest financial context.
- TTM revenue stands at a minimal ₹1 Cr against a market cap of ₹26 Cr.
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