JITF Infralogistics Limited has announced the incorporation of a new step-down subsidiary through its material subsidiary JWIL Infra Limited. The company informed stock exchanges about this strategic development through a regulatory filing dated March 11, 2026.

Joint Venture Formation

JWIL Infra Limited has incorporated CWS Private Limited on March 10, 2026, in consortium with two other infrastructure companies. The partnership structure demonstrates a collaborative approach to executing water infrastructure projects in Chennai.

Company Structure and Capitalization

CWS Private Limited has been established with a focused capital structure to support its water infrastructure operations. The company's financial framework reflects its project-specific nature and operational requirements.

Project Scope and Objectives

The newly incorporated entity has been established with a specific mandate to execute water supply infrastructure projects in Chennai. CWS Private Limited will focus on implementing continuous water supply systems in designated areas of Chennai City.

Key Project Details:

• Implementation of Continuous water supply of Pallipatu WDS
• Implementation of Continuous water supply of Thiruvanmiyur WDS
• Coverage area: Area XIII of Chennai City
• Project nature: Water Distribution Systems (WDS)

Regulatory Compliance

The incorporation has been disclosed in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided comprehensive details as required under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The filing indicates that standard acquisition-related parameters such as governmental approvals, consideration details, and acquisition costs are not applicable in this case, as this represents a new incorporation rather than an acquisition of an existing entity.

JITF Infralogistics Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing mixed performance across its standalone and consolidated operations.

Standalone Financial Performance

The company's standalone operations demonstrated steady growth in Q3FY26. Revenue from operations increased to ₹96.99 lakhs compared to ₹79.67 lakhs in the corresponding quarter of the previous year, marking a notable improvement.

For the nine-month period ended December 31, 2025, standalone revenue from operations was ₹259.17 lakhs with net profit of ₹16.31 lakhs.

Consolidated Financial Results

The consolidated financial performance showed substantial scale with revenue from operations reaching ₹82,200.17 lakhs in Q3FY26, compared to ₹53,171.08 lakhs in the corresponding previous quarter.

Segment-wise Performance

The company operates through three primary business segments following the disinvestment of its rail freight wagon segment in September 2024.

Revenue Distribution (Q3FY26)

• Water Infrastructure: ₹60,434.27 lakhs
• Urban Infrastructure: ₹11,703.42 lakhs
• Trading Activities: ₹10,062.48 lakhs

Segment Profitability

• Water Infrastructure: ₹8,275.81 lakhs profit
• Urban Infrastructure: ₹4,716.33 lakhs profit
• Trading Activities: ₹46.44 lakhs profit

Key Financial Highlights

The company's financial structure shows:

Exceptional Items and Special Developments

During Q3FY26, the company recorded an exceptional item loss of ₹1,029.28 lakhs related to share-based payment expenses under the "JWIL ESOP Scheme 2025" approved for eligible employees of JWIL Infra Limited, a material subsidiary.

Regulatory and Legal Updates

The company continues to navigate various arbitration proceedings related to its urban waste management projects. Notable developments include the arbitral award pronounced on May 21, 2025, regarding JITF Urban Waste Management (Bathinda) Limited, where the tribunal ruled that contract termination was illegal and required continued performance.

Board Approval and Compliance

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on February 6, 2026. The results have been prepared in accordance with Indian Accounting Standards and reviewed by Lodha & Co LLP, Chartered Accountants.