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Industrial Investment Trust Limited (IITL)

₹128.79 -0.15% last close, 16 Oct

📊 NSE: IITL 🏢 Finance & Investments 📢 Latest filing: 08 Oct 2026 📝 Analysis written: 14 Dec 2025

Q2 FY27 results

📅 Next results: 31 Oct 2026 (board meeting)

Industrial Investment Trust Limited's board meets on 31 Oct 2026 to consider its Q2 FY27 results (July-September 2026).

In its latest reported quarter, Q1 FY27, Industrial Investment's revenue was ₹26.9 Cr (+67.8% year on year), and net profit ₹14.2 Cr (+42.4% year on year); the operating margin was 77.4%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹26.9	+67.8%	from loss
Operating profit	₹20.8	+59.9%	from loss
Net profit	₹14.2	+42.4%	from loss
EPS (₹)	6.79	+48.9%	from loss
Operating margin	77.4%	—	—

Full quarterly financials → Results calendar →

IITL delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 9.4% of the IITL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 15.95%. That is close to its usual level.

9.4%Delivery, 16 Oct

15.95%Own 20-session average

0.8×Volume vs its average

₹128.79NSE close · -0.15%

Delivery in the last 5 sessions: 10.9% · 12.4% · 11.3% · 10.0% · 9.4%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

IITL Submits Demat Compliance Certificate for Q2 Ended September 30, 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 08 Oct 2026, 05:14 PM

Industrial Investment Trust Limited (IITL) has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the period ended September 30, 2026. The certificate, issued by its Registrar and Transfer Agent MUFG Intime India Private Limited, confirms that all security certificates received for dematerialisation were processed and confirmed within prescribed regulatory timelines. This is a standard quarterly administrative filing confirming compliance with depository regulations. It does not contain any commercial or operational changes.

Compliance certificate submitted under Regulation 74(5) for the quarter ended September 30, 2026
Certificate issued by RTA MUFG Intime India Private Limited dated October 3, 2026
Filing submitted to BSE and NSE on October 8, 2026

💡 No action required; this is a routine statutory filing. Investors should monitor upcoming Q2 FY27 financial results announcements.

ED Attaches 29.46 Lakh IITL Shares Held by Promoter N.N. Financial Services

🔵 WATCH ⭐ 7/10

REGULATORY 📅 19 Sep 2026, 06:34 PM

The Enforcement Directorate (Delhi Zonal Office-II) has issued Provisional Attachment Order No. 20 of 2026 under the PMLA against promoter entity N.N. Financial Services Private Limited. The order attaches 29,46,341 equity shares of Industrial Investment Trust Limited (IITL) held by the promoter. IITL received the communication on September 18, 2026, and stated it does not foresee any material impact on its operational or financial activities. The promoter entity is expected to appeal the provisional attachment order.

29,46,341 equity shares of IITL provisionally attached by the Enforcement Directorate
Attachment executed under First Proviso to Section 5(1) of PMLA 2002 (Order No. 20 of 2026)
Action taken against promoter entity N.N. Financial Services Private Limited
Order received by the company on September 18, 2026
Company reports no foreseeable material operational or financial impact; promoter may appeal

💡 Track subsequent legal updates and appellate proceedings initiated by the promoter against the PMLA order, as well as any impact on overall promoter shareholding stability.

IITL Shareholders Approve Borrowing Limit Hike & Related Party Deals at 93rd AGM

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 18 Sep 2026, 05:22 PM

Industrial Investment Trust Limited (IITL) announced the voting results and Scrutinizer's report for its 93rd Annual General Meeting held on September 17, 2026. All 6 resolutions, including the adoption of FY26 financial statements, re-appointment of a director, related party transactions, and an increase in borrowing limits under Section 180(1)(c), were approved with ~100% of votes cast in favour. For the related party transactions (Resolutions 3 and 4), 7,81,664 votes (99.9996%) were cast in favour with interested promoter votes excluded. A total of 97,15,266 votes were cast across general resolutions representing 54.02% of outstanding shares.

All 6 resolutions passed with ~100.00% requisite majority at the 93rd AGM held on September 17, 2026
Approval granted to increase borrowing limits under Section 180(1)(c) with 97,15,262 votes in favour (100.00%)
Related party transactions with Nimbus Projects Ltd and IITL Projects Ltd approved with 7,81,664 public votes in favour
Overall voter turnout stood at 54.0158% (97,15,266 votes polled out of 1,79,85,958 total shares)

💡 Track subsequent disclosures on debt quantum or terms taken under the expanded borrowing limits, as well as operational progress in launching the planned real estate AIF funds.

IITL Concludes 93rd AGM; Seeks Approval for Higher Borrowing Limits and Related Party Deals

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 17 Sep 2026, 06:59 PM

Industrial Investment Trust Limited (IITL) completed its 93rd Annual General Meeting on September 17, 2026. Key special resolutions tabled included increasing the company's borrowing limits under Section 180(1)(c) and securing borrowings by creating charges on movable and immovable assets. Additionally, shareholders voted on related party transactions involving group entity Nimbus Projects Limited and subsidiary IITL Projects Limited. Detailed voting results under Regulation 44(3) will be declared separately upon receipt of the Scrutinizer's Report.

Held the 93rd Annual General Meeting on September 17, 2026, commencing at 3:00 p.m. and concluding at 3:53 p.m.
Proposed special resolution to increase borrowing limits under Section 180(1)(c) of the Companies Act, 2013
Sought approval for creating mortgage/charges on company assets to back borrowings
Voted on related party transactions with Nimbus Projects Limited and subsidiary IITL Projects Limited
Final scrutinizer voting results to be announced within 2 working days

💡 Track the upcoming Regulation 44 voting results filing to confirm whether the enhanced borrowing limits and related party transactions were approved.

IITL Completes Buyback: Extinguishes 16.23 Lakh Equity Shares, Paid-Up Capital Down 7.2%

🟢 POSITIVE ⭐ 6/10

OTHER 📅 11 Sep 2026, 05:45 PM

Industrial Investment Trust Limited (IITL) has completed the extinguishment of 16,22,822 equity shares on September 10, 2026, marking the closure of its buyback offer. As a result, the company's total paid-up share capital has reduced from Rs 22.55 crore (2,25,47,550 shares) to Rs 20.92 crore (2,09,24,728 shares). The promoter shareholding has consequently increased from 49.92% pre-buyback to 53.79% post-extinguishment. All shares bought back were in dematerialized form, with no physical shares tendered.

Extinguished 16,22,822 fully paid-up equity shares of face value Rs 10 each on September 10, 2026
Paid-up equity share capital decreased from Rs 22,54,75,500 to Rs 20,92,47,280
Promoter and promoter group shareholding increased from 49.92% to 53.79%
Total shares outstanding reduced by 7.20% to 2,09,24,728 shares

💡 Track the upcoming Q2 FY27 earnings to observe the resulting EPS accretion and check updated cash/liquid investment levels following the buyback outflow.

IITL Closes Rs 25 Cr Buyback Offer of 16.67 Lakh Shares at Rs 150/Share

🟡 NEUTRAL ⭐ 4/10

OTHER 📅 28 Aug 2026, 06:19 PM

Industrial Investment Trust Limited (IITL) announced the formal closure of its equity share buyback offer on August 28, 2026. The company offered to buy back up to 16,66,667 equity shares (face value Rs 10 each) at a fixed price of Rs 150 per share on a proportionate basis, representing a total outlay of approximately Rs 25.00 crore (~6.7% of market cap). The offer had opened on August 21, 2026, and closed as per the scheduled timeline. The company will release the post-buyback public announcement detailing final acceptance numbers in due course.

Buyback offer for up to 16,66,667 equity shares of face value Rs 10 each closed on August 28, 2026.
Offer price fixed at Rs 150 per share payable in cash on a proportionate basis.
Aggregate buyback size represents an outlay of approx Rs 25.00 crore (~6.7% of Rs 372 Cr market cap).
Post-buyback public advertisement and final share extinguishment details will follow per SEBI regulations.

💡 Track the upcoming post-buyback public announcement for the final acceptance ratio, settlement of bids, and resultant changes in promoter shareholding.

IITL Sets Sept 10, 2026 Cut-off Date for 93rd AGM Scheduled on Sept 17, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Aug 2026, 08:05 PM

Industrial Investment Trust Limited (IITL) has scheduled its 93rd Annual General Meeting (AGM) for Thursday, September 17, 2026, at 3:00 PM via video conferencing. The company announced a cut-off/record date of September 10, 2026, to determine shareholder eligibility for voting. Additionally, the register of members and share transfer books will remain closed from September 10, 2026, to September 17, 2026 (both days inclusive).

93rd Annual General Meeting scheduled for September 17, 2026 at 3:00 PM IST
Cut-off date fixed as September 10, 2026 for shareholder eligibility
Book closure period set from September 10, 2026 to September 17, 2026 (both days inclusive)

💡 Track the AGM notice and voting resolutions when published for any strategic updates regarding its AIF launch or subsidiary amalgamations.

Industrial Investment Trust Schedules 93rd AGM on Sep 17, 2026; Dispatches FY26 Report Link

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Aug 2026, 06:41 PM

Industrial Investment Trust Limited (IITL) has issued an intimation regarding compliance with Regulation 36(1)(b) of SEBI Listing Regulations. The company has dispatched letters to shareholders whose email addresses are not registered, providing the web-link to the FY 2025-26 Annual Report and Notice of the 93rd AGM. The 93rd Annual General Meeting is scheduled to be held on Thursday, September 17, 2026, at 3:00 PM IST via Video Conferencing. The cut-off date for identifying members without registered emails was August 14, 2026.

93rd Annual General Meeting (AGM) scheduled for September 17, 2026, at 3:00 PM IST via VC/OAVM
Letters dispatched providing web-link to FY2025-26 Annual Report under SEBI Regulation 36(1)(b)
Cut-off date for sending intimations to unregistered email holders was August 14, 2026
Shareholders reminded to update KYC and bank details to avoid restrictions on non-electronic corporate action payouts

💡 Shareholders holding physical shares should complete KYC and dematerialisation via the RTA (MUFG Intime India) and review the Annual Report ahead of the September 17, 2026 AGM.

IITL Sets Record Date as September 10, 2026 for Annual General Meeting

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Aug 2026, 06:29 PM

Industrial Investment Trust Limited (IITL) has scheduled its Annual General Meeting (AGM) for September 17, 2026, to be held via video conferencing. The company has fixed September 10, 2026, as the cut-off date to determine shareholder voting eligibility. The share transfer books and register of members will remain closed from September 10, 2026, to September 17, 2026.

AGM scheduled for September 17, 2026 at 3:00 p.m. through electronic mode
Cut-off/Record date fixed as September 10, 2026 for AGM voting eligibility
Book closure period set from September 10, 2026 to September 17, 2026 (both days inclusive)

💡 Track the upcoming AGM notices and resolutions for updates on corporate restructuring or new business initiatives such as real estate AIF fund launches.

IITL Convenes 93rd AGM; Seeks Approval to Raise Borrowing Limits Up to ₹1,000 Cr

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Aug 2026, 06:13 PM

Industrial Investment Trust Limited (IITL) has issued the notice for its 93rd Annual General Meeting (AGM) scheduled for September 17, 2026. Key special resolutions include seeking shareholder approval to increase the company's borrowing limit under Section 180(1)(c) to ₹1,000 crore, significantly above its current debt of ₹2 crore and net worth of ₹401 crore. Additionally, the company is seeking approval to create charges/mortgages on assets to back these borrowings, alongside approving related party transactions of up to ₹50 lakh each with Nimbus Projects Limited and subsidiary IITL Projects Limited.

93rd Annual General Meeting scheduled for Thursday, September 17, 2026, via Video Conferencing.
Special resolution proposed to enhance borrowing limits under Section 180(1)(c) up to ₹1,000 crore.
Approval sought for related party transactions up to ₹50,00,000 with Nimbus Projects Limited.
Approval sought for related party transactions up to ₹50,00,000 with subsidiary IITL Projects Limited.
Re-appointment of director Mr. S. Thiruvenkatachari, retiring by rotation.

💡 Track the AGM voting results on September 17, 2026, and watch for any debt issuance announcements or capital deployment into new AIF or real estate strategies following the limit expansion.

IITL Issues Letter of Offer for ₹25 Cr Tender Buyback at ₹150 per Share

🟢 POSITIVE ⭐ 7/10

OTHER 📅 19 Aug 2026, 08:32 PM

Industrial Investment Trust Limited (IITL) has submitted its Letter of Offer for a share buyback of up to 16,66,667 equity shares (7.39% of total paid-up equity) via tender offer. The buyback is priced at ₹150 per share in cash, aggregating up to ₹25.00 crore, which represents ~7.2% of IITL's market capitalization. The buyback offer opens on Friday, August 21, 2026, and closes on Friday, August 28, 2026, based on the record date of August 18, 2026. Retail entitlement is set at ~50.11% (228 shares for every 455 held), while general category entitlement is ~13.13% (97 shares for every 739 held).

Buyback of up to 16,66,667 equity shares (7.39% of paid-up equity) at ₹150 per share
Total aggregate outlay of up to ₹25,00,00,050 (₹25.00 crore)
Tendering window opens on August 21, 2026, and closes on August 28, 2026
Indicative retail entitlement is 228 shares for every 455 held (~50.11%); general category is 97 per 739 held (~13.13%)

💡 Eligible shareholders on the record date (August 18, 2026) can evaluate participation in the tender window running from August 21 to August 28, 2026.

50-Day Trading Window Closure from Aug 12 for Impending Corporate Initiative

🔵 WATCH ⭐ 4/10

ROUTINE 📅 11 Aug 2026, 07:52 PM

Industrial Investment Trust Limited (IITL) has notified the exchanges of a trading window closure for designated persons effective August 12, 2026. The closure is slated to continue until September 30, 2026, covering a period of 50 days. Notably, the company attributed this to an 'impending corporate initiative' currently under assessment. This prevents insiders from trading equity shares while non-public material information is being processed. Investors should monitor for further disclosures regarding this initiative.

Trading window closure effective from August 12, 2026
Closure period scheduled to end on September 30, 2026
Restriction applies to all Designated Persons and their immediate relatives
Closure is triggered by an impending corporate initiative under assessment

💡 Monitor for any official announcements regarding corporate actions such as M&A, fundraise, or restructuring before or by September 30, 2026.

₹25 Cr Buyback: IITL to Repurchase 16.67 Lakh Shares at ₹150 per Share

🟢 POSITIVE ⭐ 7/10

OTHER 📅 07 Aug 2026, 01:20 PM

Industrial Investment Trust Limited (IITL) has announced a buyback of 16,66,667 equity shares at a fixed price of ₹150 per share. The total buyback size is approximately ₹25 crore, which represents about 8% of the company's current market capitalization of ₹313 crore. The buyback price offers a 4.7% premium over the current market price of ₹143.3. This capital return occurs despite the company reporting a TTM net loss of ₹12 crore and negative TTM revenue of ₹15 crore.

Buyback of 16,66,667 fully paid-up equity shares at ₹150 per share
Total buyback outlay of ₹25 crore represents ~6.2% of the company's ₹401 crore net worth
The buyback size accounts for approximately 8% of the total market capitalization
Buyback price of ₹150 is a premium of ~4.7% over the current market price of ₹143.3
Public announcement released on August 07, 2026, following board approval on August 05, 2026

💡 Investors should monitor the announcement of the record date to determine eligibility and watch for the letter of offer to understand the specific acceptance ratio for the retail category.

IITL Sets August 18, 2026, as Record Date for Equity Share Buyback

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 05 Aug 2026, 09:06 PM

Industrial Investment Trust Limited (IITL) has fixed August 18, 2026, as the record date to determine shareholder eligibility for its recently approved equity share buyback. This follows the board's approval of the buyback on August 05, 2026. The company currently has a market capitalization of Rs 311 Cr and a net worth of Rs 401 Cr, though it reported a TTM loss of Rs 12 Cr. Shareholders must hold the stock in their demat accounts by the record date to participate in the offer.

Record date for the buyback is fixed for August 18, 2026
Board approval for the buyback was granted on August 05, 2026
Company market capitalization stands at Rs 311 Cr as of the announcement
Net worth of the company is reported at Rs 401 Cr
TTM revenue stands at a negative Rs 15 Cr, highlighting recent financial volatility

💡 Investors should monitor for the specific buyback price and total offer size, which were not detailed in this record date notification, to evaluate the potential premium over the current price of Rs 142.6.

IITL Announces Rs 25 Cr Buyback at Rs 150/Share; 7.39% of Equity via Tender Offer

🟢 POSITIVE ⭐ 7/10

OTHER 📅 05 Aug 2026, 07:24 PM

Industrial Investment Trust Limited (IITL) has approved a buyback of up to 16.67 lakh shares at a price of Rs 150 per share, representing a 5.2% premium to the current market price of Rs 142.6. The total buyback size is Rs 25 crore, which constitutes approximately 8% of the company's current market capitalization. Crucially, the promoters (holding 49.92%) have opted not to participate, which significantly increases the potential acceptance ratio for retail and other public shareholders. The record date for eligibility is set for August 18, 2026.

Buyback of up to 16,66,667 fully paid-up equity shares at Rs 150 per share.
Total buyback size capped at Rs 25.00 crore, representing 7.39% of total paid-up equity.
Promoters and promoter group (49.92% stake) will not participate in the tender offer.
Record date for determining shareholder eligibility is Tuesday, August 18, 2026.
The buyback will be conducted through the 'tender offer' route on a proportionate basis.

💡 Investors should monitor the retail entitlement ratio once the Letter of Offer is released, as promoter non-participation typically leads to higher acceptance for small shareholders. Note the company's weak financial context with a TTM PAT of Rs -12 Cr.

View All IITL Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total revenue from operations fell 60.3% to INR 1,496.27 lakhs in FY 2024-25 from INR 3,767.43 lakhs in FY 2023-24. Segment-specific growth percentages were not disclosed, but the overall decline was driven by fair value losses on investments.

Geographic Revenue Split

Not disclosed in available documents, though the company is headquartered in Mumbai, Maharashtra.

Profitability Margins

Net Profit Margin dropped significantly from 149.03% in FY 2023-24 to 24.08% in FY 2024-25. Operating Profit Margin also declined from 150.59% to 26.80% over the same period, primarily due to fair value losses on investments.

EBITDA Margin

Operating Profit Margin was 26.80% in FY 2024-25, a sharp decrease from 150.59% in the previous year, reflecting a 123.79 percentage point drop in core profitability.

⚙️ Operational Drivers

Raw Materials

As an NBFC, the primary 'raw material' is financial capital for deployment into equity shares, mutual funds, and corporate loans.

Key Suppliers

Not applicable; however, MUFG Intime India Private Limited serves as the Registrar and Transfer Agent.

Capacity Expansion

Not applicable for NBFC operations; however, the company incorporated a new subsidiary, IITL Investment Advisors Private Limited (IIAPL), on January 16, 2025, to launch AIF category II funds.

Raw Material Costs

Not applicable; financial performance is instead driven by fair value changes, which resulted in a net loss of INR 758.94 lakhs in FY 2024-25 compared to a profit of INR 1,420.10 lakhs in FY 2023-24.

Manufacturing Efficiency

Not applicable; however, the company maintains a lean workforce of 25 employees including subsidiaries as of March 31, 2025.

📈 Strategic Growth

Expected Growth Rate

3.00%

Growth Strategy

The company plans to achieve growth by launching AIF category II funds in the real estate sector via its new subsidiary IIAPL. Additionally, it is executing a consolidation strategy by merging non-operating subsidiaries (IIT Investrust and IITL Management) to achieve operational synergies, cost optimization, and more efficient human resource utilization.

Products & Services

Corporate loans, equity investments (quoted and unquoted), mutual fund units, real estate development projects (via IITLPL), and upcoming AIF category II real estate funds.

Brand Portfolio

IITL, IITL Projects Limited (IITLPL), IIT Investrust Limited, IITL Management and Consultancy Private Limited, IITL Investment Advisors Private Limited (IIAPL).

New Products/Services

AIF category II funds in the real estate sector are planned for launch via IIAPL; expected revenue contribution percentages are not yet disclosed.

Market Expansion

Expansion into the Alternative Investment Fund (AIF) space targeting the real estate sector.

Strategic Alliances

The company is merging its wholly-owned subsidiaries IIT Investrust Limited and IITL Management and Consultancy Private Limited into the holding company.

🌍 External Factors

Industry Trends

The NBFC sector is transitioning under RBI's Scale Based Regulation (SBR), with IITL classified as a Base Layer NBFC (NBFC-BL). There is an increasing trend of corporates using Qualified Institutional Players (QIPs) for fundraising, which held an 11.4% share in FY 2024-25.

Competitive Landscape

Competes with other NBFC-Investment and Credit Companies and real estate investment managers in the AIF space.

Competitive Moat

The company's moat is based on its long-standing holding company structure (incorporated 1933) and its diversified presence in both financial services and real estate through its listed material subsidiary IITLPL.

Macro Economic Sensitivity

Highly sensitive to equity market volatility and global economic growth, which the IMF projects at 3.0% for 2026.

Consumer Behavior

Shift toward institutionalized real estate investment vehicles like AIFs.

Geopolitical Risks

Exposed to global trade tensions and policy uncertainties which contribute to market volatility and impact investment valuations.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by the RBI Master Direction - NBFC Scale Based Regulation 2023 and SEBI (Prohibition of Insider Trading) Regulations 2015. The company maintains a Structured Digital Database (SDD) for compliance.

Legal Contingencies

The company has filed a Scheme of Amalgamation with the NCLT Mumbai for subsidiary mergers. Specific values for other pending court cases were not disclosed.