IITL Projects Limited has announced a significant addition to its management team, appointing Ms. Harshida J. Parikh as the company's Manager, effective August 06, 2025. This appointment, which comes in addition to her existing role as Company Secretary, was approved by shareholders at the Annual General Meeting (AGM) held on September 13, 2025.

Key Highlights of the Appointment

• Dual Role: Ms. Parikh will serve as both Manager and Company Secretary.
• Term: The appointment is for a three-year term, ending August 05, 2028.
• Approval: Shareholders ratified the appointment at the 31st AGM.

Professional Background

Ms. Harshida J. Parikh brings a wealth of experience and qualifications to her new role:

• Education:

  • Qualified Company Secretary
  • Associate Member of the Institute of Company Secretaries of India (ICSI)
  • B.Com degree from Mumbai University
  • Post Graduate Diploma in Finance Management from Narsee Monjee Institute of Management Studies

• Experience: 3.5 years in secretarial and compliance areas

• Expertise: Company law matters, SEBI Listing Regulations, general administration, management, and leadership skills

AGM Proceedings

The 31st AGM of IITL Projects Limited, held virtually on September 13, 2025, covered several important agenda items:

1. Adoption of Audited Financial Statements for the year ended March 31, 2025
2. Re-appointment of Mr. Bipin Agarwal as Director
3. Appointment of Ms. Harshida J. Parikh as Manager

The meeting, chaired by Dr. Bidhubhusan Samal, was conducted through video conferencing in compliance with regulatory guidelines. Shareholders were provided with remote e-voting facilities, and the results are expected to be declared within two working days of the AGM's conclusion.

Company Overview

IITL Projects Limited, with its registered office in Mumbai, operates in the real estate sector. The company's leadership acknowledged the challenges faced by the economy and the real estate sector in recent times during the AGM proceedings.

This strategic appointment of Ms. Parikh as Manager, combined with her role as Company Secretary, is expected to strengthen IITL Projects' leadership team and contribute to the company's governance and compliance efforts in the dynamic real estate market.

IITL Projects Limited , a prominent player in the real estate sector, has announced significant management changes and its unaudited financial results for the quarter ended June 30. The company's Board of Directors approved these changes and results during a meeting held on August 6.

Management Reshuffling

The company is undergoing a series of key management changes:

1. CFO Resignation: Mr. Sagar Jaiswal, the Chief Financial Officer and Key Managerial Personnel, has tendered his resignation. Jaiswal will be relieved from his duties effective August 31. In his resignation letter, he expressed gratitude for the learning opportunities at IITL Group and cited his intention to start his own Chartered Accountancy practice as the reason for his departure.

2. New Company Secretary and Manager: Ms. Harshida J. Parikh has been appointed as the Company Secretary & Compliance Officer and Key Managerial Personnel, effective August 6. Additionally, she has been appointed as the Manager of the company, subject to shareholder approval at the upcoming 31st Annual General Meeting.

   Ms. Parikh brings valuable experience to her new roles. She is a qualified Company Secretary and Associate Member of the Institute of Company Secretaries of India (ICSI). With a B.Com degree from Mumbai University and a Post Graduate Diploma in Finance Management from Narsee Monjee Institute of Management Studies, Mumbai, she has 3.5 years of experience in secretarial and compliance matters.

3. New Secretarial Auditor: The Board has appointed CS Payal Vyas as the Secretarial Auditor for the upcoming Financial Year. CS Vyas is an Associate member of the Institute of Company Secretaries of India and a Law graduate with over 20 years of experience. She has previously worked with top-listed companies like Mahindra & Mahindra, Wadia Group, and Piramal Enterprises.

Financial Results

IITL Projects Limited has approved its unaudited financial results for the quarter ended June 30. The results were reviewed by the company's statutory auditors, Maharaj N R Suresh & Co. LLP, Chartered Accountants. However, specific details of the financial performance were not provided in the available information.

Regulatory Compliance

These announcements were made in compliance with Regulations 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has submitted the required details to the BSE Limited, where its shares are listed under the scrip code 531968.

The Board meeting, which commenced at 3:05 p.m. and concluded at 3:40 p.m. on August 6, marks a significant day for IITL Projects Limited as it sets the stage for new leadership and continued growth in the real estate sector.

Investors and stakeholders will be keenly watching how these management changes impact the company's performance and strategic direction in the coming quarters.