Industrial Investment Trust Limited has scheduled its 93rd Annual General Meeting for September 17, 2026, at 3:00 pm via video conference. The company will open remote e-voting on September 14, 2026, for shareholders eligible as of September 10, 2026.

The register of members and share transfer books will remain closed from September 10, 2026, to September 17, 2026. This closure determines eligibility for attending the meeting and casting votes. The company published the AGM notice in "Free Press Journal" and "Navshakti" on August 26, 2026.

Financial Performance Overview

The AGM agenda includes the adoption of audited financial statements for FY25-26. The standalone total income turned negative at ₹(1,715.79) lakhs in FY25-26, compared to ₹1,496.27 lakhs in FY24-25. A net loss on fair value changes of ₹3,528.81 lakhs drove the decline, against a net loss of ₹758.94 lakhs in the previous year. Standalone net loss after tax stood at ₹1,332.21 lakhs, reversing a net profit of ₹321.13 lakhs in the prior year.

Consolidated total income was ₹(1,535.98) lakhs versus ₹1,730.27 lakhs previously. Consolidated net loss after tax was ₹1,209.00 lakhs against a net profit of ₹434.30 lakhs.

Key Financial Ratios

The Capital to Risk Assets Ratio (CRAR) stood at 101.07%, well above the regulatory minimum of 15%. The asset size is ₹404.48 crores. Return on net worth fell to -3.32% for FY25-26 from 0.78% in FY24-25, reflecting fair value losses. The current ratio decreased to 19.29 times from 21.99 times.

AGM Agenda and Key Resolutions

Shareholders will vote on several key resolutions:

• Adoption of audited standalone and consolidated financial statements for FY25-26
• Re-appointment of Mr. S. Thiruvenkatachari (DIN: 10424695), who retires by rotation
• Approval of related party transactions with Nimbus Projects Limited (group entity) up to Rs. 50,00,000/- till the next AGM in 2027
• Approval of related party transactions with IITL Projects Limited (subsidiary) up to Rs. 50,00,000/- till the next AGM in 2027
• Increase in borrowing limits from Rs. 750 Crores to Rs. 1000 Crores under Section 180(1)(c) of the Companies Act, 2013
• Approval to create mortgage and/or charge on assets as security for borrowings up to Rs. 1000 Crores

Subsidiary and Corporate Developments

The National Company Law Tribunal approved the Scheme of Amalgamation of IIT Investrust Limited and IITL Management and Consultancy Private Limited with Industrial Investment Trust Limited on March 19, 2025. The appointed date was April 1, 2024, and the effective date is April 1, 2025. Consequently, authorized share capital increased from ₹35,00,00,000/- to ₹65,00,00,000/-.

Subsidiary IITL Investment Advisors Private Limited was struck off from the Register of Companies effective June 22, 2026. IITL Projects Limited reported a net profit of Rs. 1,25,21,920/- for FY25-26 but retains a negative net worth due to accumulated losses of ₹523.76 lakhs exceeding paid-up capital. Financial statements are prepared on a non-going concern basis.

Buyback and Dividend

The Board approved a share buyback of up to Rs. 25,00,00,050/- through the Tender Offer method on August 5, 2026. No dividend has been recommended for FY25-26.

CSR and Other Disclosures

CSR spending reached Rs. 37,90,000/- in FY25-26 against an obligation of Rs. 37,47,160/-, resulting in an excess spend of Rs. 42,840/-. The company had 20 confirmed employees as on March 31, 2026. Median employee remuneration rose 20.49% to ₹9,02,213/- from ₹7,48,785/- in the previous year. Foreign exchange expenditure was Rs. 7.39 lakhs. The Secretarial Audit Report noted minor delays in filing Monthly Return DNBS-04B with the RBI due to technical issues.

Industrial Investment Trust will hold its 93rd Annual General Meeting on September 17, 2026. The meeting includes a proposal to increase the company’s borrowing limit from ₹750 crore to ₹1,000 crore.

The event will be conducted via Video Conferencing or Other Audio-Visual Means at 3:00 pm. Central Depository Services (India) Limited will facilitate the proceedings.

Key Agenda Items

Shareholders will vote on several ordinary and special resolutions. The most significant special resolution seeks to enhance the company’s borrowing powers under Section 180(1)(c) of the Companies Act, 2013.

As a non-banking financial company, Industrial Investment Trust requires high leverage for viability. The proposed limit of ₹1,000 crore allows the board to raise funds through loans, debentures, or other debt instruments as needed for business operations.

Another special resolution proposes creating mortgages or charges on the company’s movable and immovable properties to secure these borrowings.

Related Party Transactions

The agenda includes two ordinary resolutions approving related party transactions with group entities:

• Nimbus Projects Limited: Approval for transactions up to ₹50 lakh with this group company, primarily for office space rental in New Delhi.
• IITL Projects Limited: Approval for transactions up to ₹50 lakh with this subsidiary, mainly for office premises in Mumbai.

These transactions are valued at approximately 3.25% of the company’s annual consolidated turnover for FY25-26. The Audit Committee has approved these deals as being at arm’s length and in the ordinary course of business.

Director Re-appointment

Mr. S. Thiruvenkatachari retires by rotation at the AGM. Being eligible, he offers himself for re-appointment. He currently serves as a nominee director representing LIC of India.

Logistics and Voting

The register of members and share transfer books will remain closed from September 10, 2026, to September 17, 2026. Remote e-voting begins on September 14, 2026, at 9:00 am and ends on September 16, 2026, at 5:00 pm.

Electronic copies of the AGM notice and annual report are available on the company website and stock exchange portals. Physical shareholders without registered emails can access documents via links provided in separate letters.