Nimbus India Limited has announced another strategic acquisition, purchasing an additional 50,000 equity shares of Industrial Investment Trust Limited (IITL) on February 12, 2026. This follows the company's previous acquisitions, demonstrating continued investment in the target company.

Latest Acquisition Details

The recent share purchase was executed through open market transactions on February 12, 2026. The company filed the mandatory disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011, with both BSE and NSE on February 13, 2026.

Updated Shareholding Pattern

Following this latest acquisition, Nimbus India's individual shareholding in IITL has increased from 19.80% to 20.06% of the total voting capital. The company's holding in terms of diluted share capital has risen from 17.22% to 17.44%.

Persons Acting in Concert

Nimbus India operates alongside several persons acting in concert (PACs), including N. N. Financial Services Private Limited, Mr. Bipin Agarwal, and Mr. Swarn Mohinder Singh. The combined holding of the acquirer group has increased from 56.21% to 56.47% of the total voting capital.

Target Company Information

Industrial Investment Trust Limited is listed on both the Bombay Stock Exchange Limited and National Stock Exchange of India Limited. The company's equity share capital consists of 1,96,08,780 equity shares of Rs. 10/- each, aggregating to Rs. 19,60,87,800/-. The total diluted share capital stands at 2,25,47,550 equity shares aggregating to Rs. 22,54,75,500/-.

Regulatory Compliance

The disclosure was signed by Lalit Agarwal, Director of Nimbus India Limited (DIN: 00003903), and submitted to the stock exchanges and IITL's compliance officer as required under SEBI regulations. Nimbus India belongs to the promoter group of Industrial Investment Trust Limited, making these acquisitions part of the promoter group's strategic investment in the target company.

Industrial Investment Trust Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing a significant turnaround in financial performance. The Board of Directors approved these results at their meeting held on February 04, 2026.

Standalone Financial Performance

The company delivered impressive standalone results for Q3FY26, marking a substantial improvement over the previous year's performance.

For the nine months ended December 31, 2025, the standalone performance showed continued strength:

Revenue Composition and Key Drivers

The company's revenue streams demonstrated mixed performance across different components:

• Interest Income: ₹439.90 lakhs in Q3FY26 versus ₹638.75 lakhs in Q3FY24
• Dividend Income: ₹5.18 lakhs compared to ₹9.92 lakhs in the previous year
• Net Gain on Fair Value Changes: Significant positive contribution of ₹621.32 lakhs in Q3FY26, contrasting sharply with a loss of ₹1,093.69 lakhs in Q3FY24

The substantial improvement in fair value changes was the primary driver of the company's strong quarterly performance.

Consolidated Results Show Similar Strength

The consolidated financial results, including subsidiaries, reflected the parent company's strong performance:

Subsidiary Challenges and Corporate Actions

Despite the parent company's strong performance, Industrial Investment Trust Limited faces significant challenges with its subsidiary IITL Projects Limited. The subsidiary has accumulated losses of ₹543.19 lakhs as of December 31, 2025, which exceed its paid-up capital, resulting in fully eroded net worth.

Key developments regarding the subsidiary include:

• IITL Projects Limited no longer operates as a going concern due to lack of business operations and cash flow
• The Board approved extending the redemption period for 70,00,000 preference shares until March 31, 2028
• Shareholders provided consent for this extension through postal ballot on January 08, 2026

Operational Expenses and Tax Position

The company maintained disciplined cost management with total standalone expenses of ₹339.12 lakhs in Q3FY26 compared to ₹354.62 lakhs in Q3FY24. Employee benefit expenses increased to ₹108.42 lakhs from ₹85.27 lakhs, while other expenses rose marginally to ₹171.82 lakhs from ₹155.09 lakhs.

The company is subject to income tax under section 115BAA of the Income Tax Act 1961, with current tax provision of ₹141.48 lakhs for Q3FY26.

Subsidiary Removal Initiative

Industrial Investment Trust Limited announced its intention to remove IITL Investment Advisors Private Limited from the Register of Companies. This subsidiary, incorporated on January 16, 2025, has not commenced any business operations and reported a negative net worth of ₹7.48 lakhs as of December 31, 2025.