IITL Projects has scheduled its 32nd Annual General Meeting (AGM) for Thursday, September 17, 2026. The meeting will commence at 12:00 noon and will be conducted through Video Conferencing or Other Audio-Visual Means (VC/OAVM).

The company stated that the meeting is being held without the physical presence of members at a common venue. This format ensures compliance with the Companies Act, 2013, and the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

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.

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. An electronic copy of the notice has been emailed to members with registered email IDs.

Pursuant to Section 91 of the Companies Act, 2013, and Regulation 42 of the SEBI LODR Regulations, the Register of Members and Share Transfer Books will remain closed from Thursday, September 10, 2026, to Thursday, September 17, 2026, both days inclusive.

Members are advised to review the instructions for joining the meeting and casting votes as detailed in the AGM notice.

IITL Projects Limited reported a standalone net loss of ₹371.24 lakh for the quarter ended June 30, 2026 (Q1FY27), marking a sharp reversal from the net profit of ₹11.47 lakh recorded in the preceding quarter. Total income from operations declined 2.9% quarter-on-quarter to ₹44.40 lakh, down from ₹45.74 lakh in Q4FY26. The deterioration in profitability resulted in basic and diluted earnings per share (EPS) turning negative at ₹(7.60), compared to ₹0.31 in the previous quarter.

The Board of Directors approved the unaudited financial results at a meeting held on August 4, 2026. The results were reviewed by the Audit Committee and filed with stock exchanges pursuant to Regulation 33 and Regulation 47(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial statements were prepared in accordance with Indian Accounting Standards (Ind-AS) notified under the Companies Act, 2013.

Financial Performance Highlights

The company’s operational revenue contracted slightly in the current quarter, reflecting softer activity levels compared to the fiscal year-end quarter. While total income decreased, the significant swing to a net loss indicates higher costs or exceptional items impacting the bottom line during the period.

Note: EPS figures for periods other than FY26 are not annualised.

What the Numbers Show

The most critical development in this filing is the volatility in profitability. IITL Projects swung from a modest profit of ₹11.47 lakh in Q4FY26 to a substantial loss of ₹371.24 lakh in just one quarter. This represents a decline of over ₹380 lakh in net profit terms. Given that revenue remained relatively stable (declining only marginally from ₹45.74 lakh to ₹44.40 lakh), the loss appears driven by factors beyond top-line contraction, such as increased operating expenses, impairment charges, or other non-operating losses not detailed in the summary extract. Investors should monitor the full financial statement available on the BSE website for specific line-item drivers of this loss.

The company’s paid-up equity capital remains unchanged at ₹499.09 lakh. For the full fiscal year 2026, the company had reported a net profit of ₹125.33 lakh on revenues of ₹180.81 lakh. The Q1FY27 loss now poses a headwind to annual profitability targets, requiring strong performance in subsequent quarters to offset the deficit.