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.

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.