Pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015, please find attached Annual Audited Standalone Financial Results for the Quarter and Financial Year Ended March 31, 2026
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IITL Projects Ltd reported Total Income of Rs 180.81 lakhs for FY 2025-26, down from Rs 235 lakhs in the previous year, marking a revenue decline. Net Profit After Tax stood at Rs 125.23 lakhs compared to Rs 3,147.12 lakhs in FY 2024-25 (the prior year included a large exceptional item of Rs 3,506.85 lakhs). Critically, the company's net worth is fully eroded with accumulated losses of Rs 523.76 lakhs exceeding paid-up capital of Rs 499.09 lakhs. The Balance Sheet shows total liabilities exceeding total assets. The company stated it has no business of its own and no operating cash flows. The Board also approved entering new lines of business (brokerage, construction consultancy, and project management services) to revive operations. Statutory auditors issued an unmodified opinion but included an Emphasis of Matter highlighting the going concern issue.
This is an extremely high-risk investment. The company has explicitly stated it has ceased to be a going concern, with negative equity and no operational business. Shareholders face significant risk of capital erosion or liquidation. The proposed new business lines may offer some hope but require regulatory approvals and have zero initial investment commitment.