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.

Industrial Investment Trust Limited (IITL) has received a significant boost in its corporate restructuring efforts as the National Company Law Tribunal (NCLT) approves the amalgamation of its subsidiaries. This strategic move is set to streamline operations and enhance efficiency within the IITL group structure.

Key Highlights of the Amalgamation

• Approved Entities: The NCLT, Mumbai Bench, has sanctioned the merger of two wholly-owned subsidiaries of IITL:

  1. IIT Investrust Limited
  2. IITL Management and Consultancy Private Limited

• Effective Date: The scheme will come into effect once IITL files the certified copies of the NCLT order with the Registrar of Companies and fulfills other specified conditions.

• Appointed Date: The amalgamation is set with an appointed date of April 1, 2024, marking the beginning of the consolidated operations.

Rationale Behind the Merger

The amalgamation is part of IITL's broader consolidation strategy, aimed at achieving several key objectives:

1. Operational Synergies: The merger is expected to result in cost optimization through combined operations.
2. Simplified Management: Rationalization of the group's holding structure will lead to better administration and cost savings.
3. Resource Optimization: Leveraging combined assets, capabilities, and infrastructure for improved efficiency.
4. Enhanced Financial Strength: The consolidation aims to provide greater financial flexibility and maximize shareholder value.
5. Regulatory Streamlining: Significant reduction in the multiplicity of legal and regulatory compliances.

Financial Implications

As per the scheme, no new equity shares will be issued by IITL, as it already holds the entire share capital of the transferor companies. Upon the scheme becoming effective, the share capital of the transferor companies will be cancelled and extinguished.

Compliance and Regulatory Aspects

IITL has assured compliance with various regulatory requirements:

• Adherence to RBI regulations applicable to the scheme.
• Compliance with SEBI regulations, including necessary disclosures to BSE and NSE.
• Commitment to fulfill all statutory requirements under the Companies Act, 2013.

Looking Ahead

The amalgamation marks a significant step in IITL's corporate journey, potentially leading to a more streamlined and efficient organizational structure. As the company moves forward with the implementation of this scheme, stakeholders will be keen to observe the realized benefits of this strategic consolidation.

IITL's management expressed confidence that this amalgamation will pave the way for improved operational efficiency and create a stronger foundation for future growth. The market will be watching closely to see how this corporate action translates into tangible benefits for the company and its shareholders in the coming quarters.