31st Annual Report along with Notice of Annual General Meeting as per Regulation 34(1)(a) of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015.
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IITL Projects Ltd has submitted its 31st Annual Report for FY 2024-25 along with the AGM notice. The AGM is scheduled for Saturday, September 13, 2025, at 12:00 noon via video conferencing. Three resolutions are on the agenda: adoption of audited financial statements, re-appointment of Mr. Bipin Agarwal (retiring by rotation), and special business to appoint Ms. Harshida J. Parikh as Manager for 3 years at ₹85,000 per month. Revenue from operations fell sharply to ₹2,071.24 thousand (from ₹25,030.95 thousand last year), but net profit jumped to ₹31,47.11 lakh, driven largely by exceptional items of ₹35,06.85 lakh. The company, engaged in real estate (especially NCR region), acknowledged ongoing sector difficulties. Several board changes occurred, including two directors ceasing in September 2024 and the Manager/CFO transitions in 2025.
This is a routine annual filing and AGM notice. While the headline profit looks strong, it is largely propped up by exceptional items rather than core operations, which shrank significantly. Shareholders should review the full annual report for clarity on the nature of these exceptional gains and the company's strategy to revive its real estate business.