Industrial Investment Trust Limited
Incorporated in 1933, Industrial Investment Trust Ltd is classified as an Investment Company
What Industrial files
- Others75
- Important27
- Updates9
- Board Meeting8
- Dividend/Bonus7
- Insider Trade5
Company has announced its 93rd Annual General Meeting (AGM) will be held virtually. The Annual Report for FY25-26 and AGM notice are accessible online, with links being sent to shareholders without registered emails.
IITL is initiating a share buyback of up to 1,666,667 shares at INR 150 each, totaling INR 25.00 Cr. This move, aiming to enhance shareholder value, ROE, and EPS, proceeds despite recent negative financial performance. Promoters will not participate. The buyback opens August 21 and closes August 28.
Company reported a consolidated net loss of ₹12.09 Cr for the year. Crucially, subsidiary IITL Projects faces "Going Concern" issues with negative net worth and ₹5.24 Cr accumulated loss, impacting IITL's ₹48.61 Cr investment. No dividend was declared. A promoter shifted to public shareholder category.
Company filed its Annual Secretarial Compliance Report for FY26, confirming no new non-compliances. It paid Rs 627,760 in fines from FY25 for past delays in re-constituting key Board Committees, which are now resolved.
IITL's Board approved reclassifying Mr. Swaran Singh from 'Promoter' to 'Public' shareholder. He holds 0.13% of voting rights and is not involved in management. This reclassification is subject to Stock Exchange approvals; no shareholder vote is required due to his small stake.