industrial investment trust has proposed the appointment of Sahil Agarwal as an Additional Director (Non-Executive & Non-Independent), subject to prior approval from the Reserve Bank of India (RBI). The Board of Directors approved the proposal during its meeting held on August 05, 2026. This governance update follows the company’s recent disclosure of strong Q1FY26 financial results, which included a 78% year-on-year rise in net profit to ₹1,803.06 lakh and a ₹25 crore share buyback approval.

The filing was made pursuant to Regulation 30(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read along with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The disclosures were signed by Cumi Banerjee, CEO (Secretarial, Legal and Admin) & Company Secretary.

Director Profile and Relationship

Sahil Agarwal brings over seven years of experience in sales, marketing, real estate, fund raising, loans, and investment activities within the NBFC sector. He currently serves as the CEO and Whole-Time Director of Nimbus India Limited. Academically, he completed his Business Management Program from California State University, San Bernardino, and holds a Bachelor of Business Administration from Amity University, Noida, Uttar Pradesh.

The filing discloses a familial relationship between the proposed director and the company’s promoter. Sahil Agarwal is the son of Bipin Agarwal, the Promoter and Managing Director of Industrial Investment Trust Limited.

Recent Financial Context

This board decision coincides with a significant financial turnaround for the company. In Q1FY26, Industrial Investment Trust reported a standalone net profit after tax (PAT) of ₹1,803.06 lakh, compared to ₹1,014.87 lakh in Q1FY25. The profit surge was primarily driven by a net gain on fair value changes of ₹2,157.29 lakh. Consolidated revenue from operations stood at ₹2,685.32 lakh.

In addition to the director appointment, the Board had previously approved a buyback of up to 16,66,667 equity shares worth ₹25 crore through the tender offer route. Systematix Corporate Services Limited was appointed as the Manager to the Buyback, with August 18, 2026, set as the record date for shareholder eligibility.

Nimbus (India) Limited has increased its stake in Industrial Investment Trust by acquiring 75,000 equity shares on June 18, 2026. The purchase was executed through the open market, raising the promoter group's total holding to 57.40% of the total voting capital. The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011.

Prior to this acquisition, the promoter group collectively held 57.02% of the total share capital, amounting to 1,11,80,692 shares. Following the transaction, the group's holding increased to 1,12,55,692 shares. The acquisition was made solely by Nimbus (India) Limited, while other Persons Acting in Concert (PAC)—N. N. Financial Services Private Limited, Mr. Bipin Agarwal, and Mr. Swarn Mohinder Singh—did not participate in this specific purchase.

The equity share capital of Industrial Investment Trust Limited remains at 1,96,08,780 equity shares of ₹10 each, aggregating to ₹19,60,87,800. The total diluted share capital post-acquisition stands at 2,25,47,550 equity shares of ₹10 each, aggregating to ₹22,54,75,500.

Shareholding Pattern

The table below details the changes in the shareholding of the promoter group before and after the acquisition:

Transaction Details

The acquisition was disclosed to the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited. The filing confirms that the acquirer belongs to the promoter group. No other modes of acquisition, such as preferential allotment or inter-se transfer, were involved in this transaction.