🔍

IITL - Indl. Inv. Trust

📊 NSE: IITL 🏢 Finance & Investments 📅 Last Updated: 12/14/2025 8:00

📢 Recent Corporate Announcements

IITL CEO - NBFC Operations Sameer Gaikwad Resigns Effective April 23, 2026

🔵 WATCH ⭐ 6/10

MANAGEMENT 📅 24 Feb 2026, 07:36 PM

Industrial Investment Trust Limited (IITL) has announced the resignation of Mr. Sameer Gaikwad, the Chief Executive Officer for its NBFC Operations. The resignation was submitted on February 24, 2026, and he will be officially relieved from his duties on April 23, 2026. Mr. Gaikwad, who is a Key Managerial Personnel, cited personal reasons for his departure. The company has confirmed there are no other material reasons behind this transition.

Mr. Sameer Gaikwad has resigned as CEO - NBFC Operations and Key Managerial Personnel.
The resignation is effective from the close of business hours on April 23, 2026.
The official reason provided for the resignation is personal reasons.
The company was notified of the resignation via a letter dated February 24, 2026.

💡 Investors should watch for the appointment of a successor to lead the NBFC operations to ensure there is no disruption in business strategy. The two-month transition period suggests an orderly exit, but leadership stability is key for NBFC performance.

IITL Reports Zero Requests in Special Window for Physical Share Transfer Re-lodgement

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Feb 2026, 06:50 PM

Industrial Investment Trust Limited (IITL) has submitted its report regarding the special window for re-lodgement of physical share transfer requests as per SEBI guidelines. For the period ending January 06, 2026, the company's Registrar and Transfer Agent (RTA) reported that zero requests were received. This filing is a procedural compliance requirement under the 'Ease of Doing Investment' circular issued by SEBI in July 2025. The report confirms that no physical share transfer-cum-demat cases were pending or processed during this specific window.

IITL received 0 requests for re-lodgement of physical share transfers for the period ending January 06, 2026.
The report was filed in compliance with SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97.
MUFG Intime India Private Limited (formerly Link Intime) confirmed no cases were received during the window.
The average time taken for processing requests was recorded as Not Applicable (NA) due to zero volume.

💡 This is a routine regulatory disclosure with no impact on the company's financial health or stock performance. No action is required from investors.

IITL to Strike Off Non-Operational Subsidiary IITL Investment Advisors

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 04 Feb 2026, 07:45 PM

Industrial Investment Trust Limited (IITL) has initiated the process to remove its subsidiary, IITL Investment Advisors Private Limited, from the Register of Companies. The subsidiary was incorporated in January 2025 but never commenced any business operations. As of December 31, 2025, the unit had zero revenue and a negative net worth of Rs. 7.48 lakhs. This move is a routine administrative action to close a non-material and non-performing entity.

IITL Investment Advisors Private Limited was incorporated on January 16, 2025, but remained non-operational.
The subsidiary contributed Nil revenue to the consolidated financials of IITL.
Net worth of the subsidiary stood at negative Rs. 7.48 lakhs as of December 31, 2025.
The company is applying for removal of name under the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016.

💡 Investors should view this as a routine corporate cleanup of a non-operational entity with no impact on the company's core business or financial health.

IITL Reports Q3 PAT of ₹5.64 Cr; Subsidiary IITL Projects Ceases to be a Going Concern

🔵 WATCH ⭐ 7/10

EARNINGS 📅 04 Feb 2026, 07:38 PM

Industrial Investment Trust Limited (IITL) reported a standalone profit of ₹564.29 Lakhs for the quarter ended December 31, 2025, a sharp recovery from a loss of ₹531.21 Lakhs in the same period last year. This turnaround was primarily driven by a net gain on fair value changes of ₹621.32 Lakhs, compared to a significant loss of ₹1,093.69 Lakhs in the previous year. However, the company's subsidiary, IITL Projects Limited, has been declared as no longer a 'Going Concern' due to its net worth being fully eroded with accumulated losses of ₹543.19 Lakhs. The company is also in the process of removing another subsidiary, IITL Investment Advisors Private Limited, from the Register of Companies.

Standalone PAT turned positive at ₹5.64 Cr in Q3 FY26 vs a loss of ₹5.31 Cr in Q3 FY25.
Total Income for the quarter stood at ₹10.66 Cr, boosted by ₹6.21 Cr in fair value gains.
Subsidiary IITL Projects Ltd is no longer a 'Going Concern' with a negative net worth and ₹5.43 Cr in accumulated losses.
Board approved the removal of subsidiary IITL Investment Advisors Private Limited from the Register of Companies.
Previous year figures are not directly comparable due to the amalgamation of two subsidiaries effective April 1, 2024.

💡 Investors should exercise caution as the current profitability is heavily dependent on fair value gains rather than core operational revenue. The 'Going Concern' issues at the subsidiary level and the ongoing corporate restructuring suggest significant underlying risks.

IITL Reports Zero Physical Share Transfer Requests for December 2025

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 14 Jan 2026, 02:07 PM

Industrial Investment Trust Limited (IITL) has filed its monthly report regarding the special window for re-lodgement of physical share transfer requests for December 2025. In compliance with SEBI's 'Ease of Doing Investment' circular, the company reported that no requests were received during the month. The Registrar and Transfer Agent (RTA), MUFG Intime India Private Limited, confirmed zero activity in this category. This is a standard regulatory disclosure with no impact on the company's operational or financial health.

Zero requests received for re-lodgement of physical share transfers in December 2025.
Compliance maintained with SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97.
Report confirmed by RTA MUFG Intime India Private Limited (formerly Link Intime).
No requests were processed, approved, or rejected during the reporting period.

💡 This is a routine administrative filing. No action is required from investors as it does not affect the company's valuation or business prospects.

IITL Shareholders Approve Variation in Terms for 70 Lakh Preference Shares of Subsidiary

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 09 Jan 2026, 02:27 PM

Industrial Investment Trust Limited (IITL) has received shareholder approval via a postal ballot for a significant related party transaction. The approval allows for a variation in the terms of 70,00,000 preference shares issued by its subsidiary, IITL Projects Limited, to the parent company. This resolution was passed as an Ordinary Resolution through remote e-voting, following an initial proposal in December 2025. The move represents an internal restructuring of financial instruments between the holding company and its subsidiary.

Shareholders approved variation in terms for 70,00,000 preference shares via postal ballot.
The preference shares involved were issued by subsidiary IITL Projects Limited to the parent company IITL.
The transaction was conducted under Regulation 23 of SEBI LODR regarding Related Party Transactions.
The resolution was passed as an Ordinary Resolution through remote e-voting concluded in January 2026.

💡 Investors should monitor the specific changes to the preference share terms once disclosed to understand the impact on IITL's future cash flows. No immediate action is required as this is a procedural adjustment between the parent and its subsidiary.

IITL Shareholders Approve Variation in Terms for 70 Lakh Preference Shares of Subsidiary

🟡 NEUTRAL ⭐ 6/10

REGULATORY 📅 09 Jan 2026, 02:25 PM

Industrial Investment Trust Limited (IITL) has successfully passed a shareholder resolution via postal ballot regarding a Related Party Transaction. The resolution grants consent for a variation in the terms of 70,00,000 preference shares issued by its subsidiary, IITL Projects Limited, to the parent company. The proposal was passed with an overwhelming majority, receiving 99.988% of the total valid votes cast. This move indicates a restructuring of the financial arrangement between the holding company and its subsidiary.

Approval for variation in terms of 70,00,000 preference shares held in subsidiary IITL Projects Limited.
Resolution passed with 223,772 votes (99.988%) in favor and only 26 votes (0.012%) against.
The voting process was conducted via remote e-voting from December 10, 2025, to January 08, 2026.
The transaction was classified as a Related Party Transaction under SEBI Regulation 23.

💡 Investors should monitor subsequent disclosures regarding the specific changes to the preference share terms, such as dividend rates or redemption timelines, to assess the impact on IITL's cash flow. No immediate portfolio changes are necessary as this is an internal group restructuring.

IITL Files Quarterly Compliance Certificate Under SEBI Regulation 74(5)

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Jan 2026, 02:26 PM

Industrial Investment Trust Limited has filed its quarterly compliance certificate for the period ending December 31, 2025. The document, provided by RTA MUFG Intime India Pvt. Ltd., confirms that all dematerialization requests were handled according to SEBI guidelines. This includes the verification, cancellation of physical certificates, and updating of the register of members. Such filings are standard procedural requirements for listed companies in India to ensure proper share registry management.

Quarterly compliance for the period ended December 31, 2025, successfully completed.
RTA confirmed that securities received for dematerialization were listed on relevant stock exchanges.
Physical certificates were mutilated and cancelled within prescribed SEBI timelines after due verification.

💡 This is a routine administrative update with no impact on company fundamentals; investors should focus on upcoming financial results for performance insights.

IITL to Close Trading Window from January 1, 2026 for Q3 Financial Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 23 Dec 2025, 06:24 PM

Industrial Investment Trust Limited (IITL) has announced the closure of its trading window effective January 1, 2026. This closure is a mandatory regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, preceding the announcement of financial results. The window will remain closed for all designated persons until 48 hours after the standalone and consolidated results for the quarter and nine months ending December 31, 2025, are declared. The specific date for the board meeting to approve these results will be notified separately.

Trading window closure starts from Thursday, January 1, 2026.
Applies to financial results for the quarter and nine months ending December 31, 2025.
Window reopens 48 hours after the official declaration of financial results.
Designated persons and their immediate relatives are prohibited from trading during this period.
Board meeting date for result consideration to be announced in due course.

💡 No action is required as this is a routine regulatory filing. Investors should look out for the upcoming board meeting announcement to track the company's Q3 performance.

IITL Reports Zero Requests in Special Window for Physical Share Transfer Re-lodgement

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 09 Dec 2025, 05:45 PM

Industrial Investment Trust Limited (IITL) has filed its monthly report for November 2025 regarding the special window for re-lodgement of physical share transfer requests. This filing is a compliance requirement under SEBI's 'Ease of Doing Investment' circular issued in July 2025. The company's Registrar and Transfer Agent, MUFG Intime India Private Limited, confirmed that no requests were received during the month. As a result, there were zero approvals, rejections, or pending cases to report for this period.

Zero requests were received for the re-lodgement of physical share transfers during November 2025.
Compliance is maintained as per SEBI Circular SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97.
The Registrar and Transfer Agent (RTA) involved is MUFG Intime India Private Limited.
No requests were processed, approved, or rejected for the month ending November 30, 2025.

💡 No action is required from investors as this is a routine regulatory filing indicating no activity in the physical share transfer window. Investors should continue to monitor the company's quarterly financial results for performance cues.

IITI Limited: Postal Ballot for Related Party Transaction Approval

🟡 NEUTRAL ⭐ 5/10

BOARD_MEETING 📅 08 Dec 2025, 06:33 PM

Industrial Investment Trust Limited (IITL) is seeking shareholder approval via postal ballot for a related party transaction involving its subsidiary, IITL Projects Limited. The resolution pertains to a variation in the terms of redemption of 70,00,000 Zero % Non-Convertible Redeemable Preference Shares of Rs. 10 each issued by IITL Projects Limited. The company is extending the maximum period of redemption upto March 31, 2028. The e-voting period will commence on December 10, 2025 and end on January 08, 2026.

Approval sought for variation in terms of 70,00,000 Preference Shares of IITL Projects Limited
Redemption period extended up to March 31, 2028
E-voting commences on December 10, 2025 and ends on January 08, 2026
Cut-off date for voting rights is November 28, 2025

💡 Shareholders should review the postal ballot notice and explanatory statement available on the company's website (www.iitlgroup.com) and cast their votes electronically between December 10, 2025 and January 08, 2026. Pay close attention to the details of the related party transaction and its potential impact on the company's financials.

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.