Nimbus India Files Regulatory Disclosure for Latest IITL Share Acquisition

1 min read     Updated on 19 Sept 2025, 01:32 PM
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Overview

Nimbus India Limited has filed a regulatory disclosure for acquiring 1,000 equity shares of Industrial Investment Trust Limited on December 12, 2025. This latest transaction maintains Nimbus India's stake at 17.49%, while the total promoter group holding stands at 53.90%. The acquisition was made through open market purchase, with mandatory SEBI compliance filing submitted on December 13, 2025.

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Industrial Investment Trust Limited (IITL) has witnessed another share acquisition by its promoter group entity, Nimbus India Limited. The company has filed the mandatory regulatory disclosure following its latest transaction in IITL shares.

Latest Transaction Details

According to the regulatory filing dated December 13, 2025, Nimbus India Limited acquired 1,000 equity shares of IITL through open market transactions on December 12, 2025. The transaction details are as follows:

Transaction Parameter: Details
Shares Acquired: 1,000 equity shares
Transaction Date: December 12, 2025
Mode of Acquisition: Open Market
Filing Date: December 13, 2025

Current Shareholding Pattern

Following the latest acquisition, the updated shareholding structure shows:

Shareholder: Shares Held Percentage
Nimbus India Limited: 34,31,732 17.49%
N.N. Financial Services Pvt Ltd: 70,87,960 36.15%
Bipin Agarwal: 25,000 0.13%
Swarn Mohinder Singh: 25,000 0.13%
Total Promoter Group: 1,05,69,692 53.90%

Previous Acquisitions

This marks the third consecutive acquisition by Nimbus India Limited in recent months. The company had previously acquired 1,03,000 shares on December 4, 2025, and 100,000 shares on November 26, 2025, demonstrating consistent interest in increasing its stake.

Regulatory Compliance

The disclosure has been filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011. The filing was submitted to BSE Limited, National Stock Exchange of India Limited, and Industrial Investment Trust Limited on December 13, 2025, ensuring full regulatory compliance.

Company Information

Industrial Investment Trust Limited trades on both BSE (Code: 501295) and NSE (Symbol: IITL) with a total equity share capital of ₹19.61 crores comprising 1,96,08,780 equity shares of ₹10 each. The continued acquisitions reflect the promoter group's sustained confidence in the company's prospects.

Historical Stock Returns for Industrial Investment Trust

1 Day5 Days1 Month6 Months1 Year5 Years
-0.24%-3.75%-3.52%-4.59%-57.87%+117.82%
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Industrial Investment Trust Reports Strong Q1 Performance with Key Leadership Changes

1 min read     Updated on 06 Aug 2025, 07:54 PM
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Overview

Industrial Investment Trust Limited (IITL) announced Q1 results with standalone profit after tax rising to ₹1,014.87 crore from ₹635.83 crore year-over-year. Consolidated profit after tax increased to ₹1,032.89 crore. The company's CFO, Mr. Sagar Jaiswal, has resigned effective August 31, 2025. CS Payal Vyas has been appointed as Secretarial Auditor for a five-year term. IITL's subsidiary, IITL Projects Limited, faces financial challenges and is no longer considered a 'Going Concern'.

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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.

Historical Stock Returns for Industrial Investment Trust

1 Day5 Days1 Month6 Months1 Year5 Years
-0.24%-3.75%-3.52%-4.59%-57.87%+117.82%
Industrial Investment Trust
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