Quarterly Result4 Aug 2026, 06:51 pm
IITL Projects Ltd Declares Unaudited Standalone Q1 FY27 Results
AI Summary
IITL Projects Limited announced its Unaudited Standalone Financial Results for the quarter ended June 30, 2026. The Board of Directors approved the results and the Limited Review Report. The company also appointed CS Payal Vyas as Secretarial Auditor for FY 2026-2027. Notably, the company's accumulated losses exceed its paid-up capital and net worth, indicating it does not meet the 'Going Concern' criteria. An impairment loss of ₹4.05 Cr was provided for an advance payment related to a property MOU.
Key Highlights
- Unaudited Standalone Financial Results for Q1 FY27 declared.
- Board approved results and appointed Secretarial Auditor.
- Company declared as not a 'Going Concern' due to eroded net worth.
- Impairment loss of ₹4.05 Cr recognized on property advance.
Price Impact
More from IITLPROJ