Industrial Investment Trust Limited (IITL), a publicly listed company, has seen an increase in shareholding by its promoter group entity, Nimbus India Limited. This move reflects the promoter group's confidence in IITL's future prospects.

Transaction Details

Nimbus India Limited acquired 25,000 equity shares of IITL through open market transactions. This acquisition has resulted in a slight increase in Nimbus India's stake in IITL:

• Previous shareholding: 31,51,588 shares (13.98% of total share capital)
• New shareholding: 37,76,588 shares (14.08% of total share capital)

Impact on Promoter Group Holding

The transaction has also affected the overall promoter group holding in IITL:

The combined holding of the promoter group has increased from 52.48% to 52.60% following this transaction.

Company Overview

Industrial Investment Trust Limited is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). Key details about the company include:

• Total Equity Share Capital: 1,96,08,780 shares
• Face Value: Rs. 10 per share
• Total Share Capital Value: Rs. 19,60,87,800

Regulatory Compliance

In compliance with SEBI regulations, Nimbus India Limited has filed the necessary disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011. This ensures transparency in the transaction and keeps all stakeholders informed about changes in significant shareholdings.

The acquisition by Nimbus India Limited, while modest in scale, demonstrates ongoing interest from the promoter group in maintaining and potentially increasing their stake in Industrial Investment Trust Limited.

Industrial Investment Trust Limited (IITL) has announced robust financial results for the first quarter, alongside significant corporate developments.

Financial Highlights

IITL reported a substantial improvement in its financial performance for Q1. On a standalone basis, the company's profit after tax surged to ₹1,014.87 crore, up from ₹635.83 crore in the same quarter last year. This growth translated to an increase in earnings per share from ₹2.82 to ₹4.50.

The company's consolidated profit after tax also saw a significant rise, reaching ₹1,032.89 crore compared to ₹704.38 crore in the previous year.

IITL's total income on a standalone basis stood at ₹1,505.78 crore, primarily driven by:

• Net gain on fair value changes: ₹1,081.57 crore
• Interest income: ₹423.39 crore

Corporate Updates

CFO Resignation

Mr. Sagar Jaiswal, the Group CFO and Key Managerial Personnel, has tendered his resignation effective August 31, 2025. Mr. Jaiswal is leaving to pursue his ambition of starting his own chartered accountancy practice. In his resignation letter, he expressed gratitude for the learning opportunities and experience gained during his tenure, particularly in corporate accounting under Ind AS and financial statement preparation.

Appointment of Secretarial Auditor

The Board of Directors has approved the appointment of CS Payal Vyas as the company's Secretarial Auditor for a five-year term from FY2025-26 to FY2029-30, subject to shareholder approval. CS Vyas brings over 20 years of experience and has worked with top-listed companies such as Mahindra & Mahindra, Wadia Group, and Piramal Enterprises.

Subsidiary Concerns

IITL noted ongoing challenges with its subsidiary, IITL Projects Limited. As of June 30, 2025, IITL Projects Limited reported:

• Accumulated losses of ₹630.80 crore, exceeding its paid-up capital
• A fully eroded net worth
• Total liabilities exceeding total assets

Due to these factors, IITL Projects Limited is no longer considered a "Going Concern," and its financial statements have been prepared accordingly.

The Board of Directors meeting, which approved these results and corporate actions, commenced at 4:40 p.m. and concluded at 5:10 p.m. on August 06, 2025.

Industrial Investment Trust Limited continues to navigate a complex financial landscape, balancing strong overall performance with challenges in its real estate subsidiary.