IITL Projects held its 32nd Annual General Meeting on September 17, 2026, to transact ordinary business including the adoption of audited financial statements for FY26.

The meeting was conducted through Video Conferencing and Other Audio-Visual Means, facilitated by Central Depository Services (India) Limited. Dr. Bidhubhusan Samal, Chairman, presided over the proceedings.

Key Resolutions

Members approved two ordinary resolutions during the meeting:

Dr. Samal retires by rotation at this AGM and offered himself for re-appointment, which was approved by the members.

Chairman's Address

The Chairman briefed members on challenges in the global and Indian economy, specifically within the real estate sector. He provided an update on the company's performance during FY25-26 and highlighted opportunities explored by the management.

Voting Process

Remote e-voting was available from September 14, 2026, to September 16, 2026. Ms. Chandanbala O. Mehta served as the Scrutinizer for the voting process. The voting results will be filed separately with the stock exchange upon receipt of the Scrutinizer's Report.

IITL Projects has scheduled its 32nd Annual General Meeting (AGM) for Thursday, September 17, 2026. The meeting will be conducted via Video Conferencing or Other Audio-Visual Means (VC/OAVM). A key agenda item is the re-appointment of Dr. Bidhubhusan Samal as a director.

The company published the newspaper advertisement regarding the AGM notice in "Free Press Journal" (English) and "Navshakti" (Marathi) on Wednesday, August 26, 2026. An electronic copy of the notice was emailed to members with registered email IDs on August 25, 2026.

Meeting Logistics and Voting

Central Depository Services (India) Limited (CDSL) will provide the VC/OAVM platform for the proceedings. Shareholders holding shares in physical form or those who have not registered their email addresses can cast votes through remote e-voting.

Remote e-voting commences on Monday, September 14, 2026, at 9:00 am and ends on Wednesday, September 16, 2026, at 5:00 pm. Members may also vote electronically during the AGM itself. Ms. Chandanbala O. Mehta, Practising Company Secretary, has been appointed as the Scrutinizer for the voting process.

Director Re-Appointment Details

The AGM will consider the re-appointment of Dr. Bidhubhusan Samal (DIN: 00007256), who retires by rotation. He has served as a Non-Executive Director since March 5, 2008. Dr. Samal brings over 37 years of experience in banking, rural credit, and industrial finance, having previously served as Chairman & Managing Director of Allahabad Bank and Industrial Investment Bank of India.

Dr. Samal attended five Board meetings during the year. He currently holds a directorship in Industrial Investment Trust Limited. He is not related to any other Director or Key Managerial Personnel of the company.

Regulatory Compliance and Record Date

The notice of the AGM and the Annual Report for FY26 are available on the company’s website, the BSE website, and the CDSL e-voting portal. Pursuant to Section 91 of the Companies Act, 2013, and Regulation 42 of the SEBI LODR Regulations, the book closure period ensures only eligible shareholders are recorded for the meeting. The facility for appointment of proxies will not be available for this AGM due to its virtual nature.

KYC and Demat Update Reminder

In a separate communication dated August 25, 2026, IITL Projects reminded shareholders to update their Know Your Customer (KYC) details and dematerialize physical securities as per SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 07, 2024.

The circular mandates that security holders holding securities in physical mode must record PAN, address with PIN code, mobile number, bank account details, specimen signature, and choice of nomination. While updating email ID is optional, it is recommended for online services.

Shareholders with physical folios lacking updated PAN, nomination, contact details, bank account details, or specimen signature will only be eligible for payments including dividends through electronic mode effective from April 1, 2024.

The Registrar and Share Transfer Agent, Purva Sharegistry (India) Private Limited, has made the necessary forms (ISR-1, ISR-2, ISR-3, SH-13, SH-14) available on its website. Shareholders may raise queries via email at support@purvashare.com or through the RTA’s investor portal.