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IITL PROJECTS LTD.

  • NSE : IITL
  • BSE : 531968
  • ISIN CODE : INE786E01018
  • INDUSTRY : CONSTRUCTION - REAL ESTATE
  • HOUSE : PRIVATE
BSE
60.910 (0 %)
PREV CLOSE ( ₹ )60.91
OPEN PRICE ( ₹ )60.91
VOLUME1000
BID PRICE (Qty)0.00 (0)
OFFER PRICE (Qty)60.91 (6939)
TODAY'S LOW / HIGH ( ₹ )
  • 60.91
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52 WK LOW / HIGH ( ₹ )
  • 68.05
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Notice
Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015_13.02.2024Notice of Board Meeting scheduled to be held on February 13, 2024Regulation 47(1) (b) of SEBI (LODR) Regulations, 2015- November 07, 2023Notice of Board Meeting scheduled to be held on November 07, 2023Notice of the Board Meeting scheduled to be held on August 11, 2023Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015- August 11, 2023Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – May 26, 2023Notice of the Board Meeting scheduled to be held on May 26, 2023Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – February 14, 2023Notice of Board Meeting scheduled on February 13, 2023Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 - November 15, 2022Notice of Board Meeting scheduled on November 13, 2022Regulation 47(1)(d) of SEBI (LODR) Regulations, 2015 - September 01, 2022Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – August 12, 2022Notice of Board Meeting scheduled on August 11, 2022Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – May 29, 2022Notice of Board Meeting scheduled on May 27, 2022Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – February 11, 2022Notice of Board Meeting scheduled on February 10, 2022Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – November 10, 2021Notice of Board Meeting scheduled on November 09, 2021Regulation 47(1)(d) of SEBI (LODR) Regulations, 2015 - September 04, 2021Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – August 13, 2021Notice of Board Meeting scheduled on August 12, 2021Shifting of Registered office of the Company– w.e.f. February 12, 2021Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – February 12, 2021Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015 – February 11, 2021Notice of Board Meeting scheduled on February 11, 2021Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – November 12, 2020Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015 – November 11, 2020Notice of Board Meeting scheduled on November 11, 2020Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – September 11, 2020Notice of Board Meeting scheduled on September 10, 2020Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015 – September 10, 2020Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015 – August 27, 2020Revised Notice of Board Meeting scheduled on August 27, 2020Notice of Board Meeting scheduled on August 27, 2020Notice of Board Meeting scheduled on 25.06.2020Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 - February 14, 2020Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015 – February 13, 2020Notice of Board Meeting scheduled on February 13, 2020Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – November 13, 2019Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015 – November 12, 2019Notice of Board Meeting scheduled on November 12, 2019Regulation 47(1)(d) of SEBI (LODR) Regulations, 2015 - August 29, 2019Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 - August 20, 2019Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015 – August 19, 2019Notice of Board Meeting scheduled on August 19, 2019Notice of the Board Meeting scheduled on May 22, 2019Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015- May 22, 2019Notice of the Board Meeting scheduled on February 11, 2019Information to shareholder – Dematerialization of physical sharesNotice of the Board Meeting scheduled on November 13, 2018Notice of the Board Meeting scheduled on August 14, 2018.Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015- August 08, 2018Notice of the Board Meeting scheduled on May 28, 2018Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015- February 10, 2018Notice of the Board Meeting scheduled on February 09, 2018Notice of the Board Meeting scheduled on December 12, 2017Notice of the Board Meeting scheduled on September 11, 2017Postponement of Board Meeting – September 07, 2017Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015 - September 04, 2017Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – May 30, 2017Notice for the Board Meeting scheduled on May 29, 2017Regulation 47 (1) (a) of SEBI (LODR) Regulations, 2015 - May 18, 2017Regulation 30 of SEBI (LODR) Regulations, 2015- May 05, 2017Regulation 47(1)(b) of SEBI(LODR) Regulations, 2015 - February 09, 2017Notice of Board Meeting scheduled on February 8, 2017Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 - November 14, 2016Notice of Board Meeting scheduled on November 12, 2016Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 - August 10, 2016Notice of Board Meeting rescheduled on August 09, 2016Notice of Board Meeting scheduled on August 08, 2016Notice of Board Meeting scheduled on May 25, 2016Notice of the Board Meeting scheduled on January 29, 2016
Notice
Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015_13.02.2024Notice of Board Meeting scheduled to be held on February 13, 2024Regulation 47(1) (b) of SEBI (LODR) Regulations, 2015- November 07, 2023Notice of Board Meeting scheduled to be held on November 07, 2023Notice of the Board Meeting scheduled to be held on August 11, 2023Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015- August 11, 2023Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – May 26, 2023Notice of the Board Meeting scheduled to be held on May 26, 2023Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – February 14, 2023Notice of Board Meeting scheduled on February 13, 2023Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 - November 15, 2022Notice of Board Meeting scheduled on November 13, 2022Regulation 47(1)(d) of SEBI (LODR) Regulations, 2015 - September 01, 2022Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – August 12, 2022Notice of Board Meeting scheduled on August 11, 2022Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – May 29, 2022Notice of Board Meeting scheduled on May 27, 2022Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – February 11, 2022Notice of Board Meeting scheduled on February 10, 2022Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – November 10, 2021Notice of Board Meeting scheduled on November 09, 2021Regulation 47(1)(d) of SEBI (LODR) Regulations, 2015 - September 04, 2021Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – August 13, 2021Notice of Board Meeting scheduled on August 12, 2021Shifting of Registered office of the Company– w.e.f. February 12, 2021Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – February 12, 2021Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015 – February 11, 2021Notice of Board Meeting scheduled on February 11, 2021Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – November 12, 2020Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015 – November 11, 2020Notice of Board Meeting scheduled on November 11, 2020Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – September 11, 2020Notice of Board Meeting scheduled on September 10, 2020Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015 – September 10, 2020Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015 – August 27, 2020Revised Notice of Board Meeting scheduled on August 27, 2020Notice of Board Meeting scheduled on August 27, 2020Notice of Board Meeting scheduled on 25.06.2020Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 - February 14, 2020Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015 – February 13, 2020Notice of Board Meeting scheduled on February 13, 2020Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – November 13, 2019Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015 – November 12, 2019Notice of Board Meeting scheduled on November 12, 2019Regulation 47(1)(d) of SEBI (LODR) Regulations, 2015 - August 29, 2019Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 - August 20, 2019Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015 – August 19, 2019Notice of Board Meeting scheduled on August 19, 2019Notice of the Board Meeting scheduled on May 22, 2019Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015- May 22, 2019Notice of the Board Meeting scheduled on February 11, 2019Information to shareholder – Dematerialization of physical sharesNotice of the Board Meeting scheduled on November 13, 2018Notice of the Board Meeting scheduled on August 14, 2018.Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015- August 08, 2018Notice of the Board Meeting scheduled on May 28, 2018Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015- February 10, 2018Notice of the Board Meeting scheduled on February 09, 2018Notice of the Board Meeting scheduled on December 12, 2017Notice of the Board Meeting scheduled on September 11, 2017Postponement of Board Meeting – September 07, 2017Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015 - September 04, 2017Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – May 30, 2017Notice for the Board Meeting scheduled on May 29, 2017Regulation 47 (1) (a) of SEBI (LODR) Regulations, 2015 - May 18, 2017Regulation 30 of SEBI (LODR) Regulations, 2015- May 05, 2017Regulation 47(1)(b) of SEBI(LODR) Regulations, 2015 - February 09, 2017Notice of Board Meeting scheduled on February 8, 2017Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 - November 14, 2016Notice of Board Meeting scheduled on November 12, 2016Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 - August 10, 2016Notice of Board Meeting rescheduled on August 09, 2016Notice of Board Meeting scheduled on August 08, 2016Notice of Board Meeting scheduled on May 25, 2016Notice of the Board Meeting scheduled on January 29, 2016

Details of Familirization Programmes Imparted to Independent Directors

  • a) Nature of Industry in which the Company operates
  • b) Business model of the Company
  • c) Roles, Rights, Responsibilities of Independent Directors and
  • d) Other relevant information

The Independent Directors who are newly appointed are given a brief profile of the Company which provides the details of the Industry in which the Company operates business of the Company and its Associates and Joint Ventures. They are also provided a copy of Annual Reports, presentations, recent press releases, Memorandum and Articles of Association.

The Company believes that the Board Members should be continuously made aware of the latest development in the Company’s business and the external environment affecting the Company and the Industry as whole.

After the conclusion of every Board Meeting every quarter, the Company through its Chairman/Key Managerial Personnel conducts programmes/presentations to familiarize the Independent Directors with strategy operations, functions of the Company, the policies, changes in Regulatory environment in which the operates. Besides that the Independent Directors are also apprised of working capital management, fund flows, Compliance of tax and other laws.

The programmes/power point presentation enables the Independent Directors to understand the Company’s strategy, business model, markets, organization structure, risk management and such other areas from time to time.

A detailed appointment letter incorporating the roles, duties and responsibilities, remuneration and performance evaluation process is issued for acceptance of Independent Directors

The Independent Directors were informed on their roles, rights and responsibilities in context with the new Companies Act, 2013, SEBI Guidelines on Corporate Governance and the SEBI ( Listing Obligations and Disclosure Requirements ), Regulations, 2015.

A special meeting of Independent Directors is also held to discuss issues of immediate requirements.

The details of Familiarization Programmes conducted for the Independent Directors are as follows:

Date of programme Details of programme
May 28, 2018

Familiarization programme was held for the Director on the following:

  • 1) Notification dated May 09, 2018 issued by Securities and Exchange Board of India on SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2018
  • 2) SEBI Circular No. SEBI/HO/CFD/CMD/CIR/P/2018/79 dated May 10, 2018 w.r.t. implementation of certain recommendations of the Committee on Corporate Governance under the Chairmanship of Shri UdayKotak
  • 3) Companies (Appointment and Qualification of Directors) Second Amendment Rules, 2018 dated May 07, 2018 issued by MCA with regard to amendment in Rule 5 on Qualifications of Independent Director
February 11, 2019

Familiarization programme was held for the Director on the following:

  • 1) Notification dated November 16, 2018 issued by Securities and Exchange Board of India on SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2018
  • 2) Circular dated December 07, 2018 issued by SEBI for Disclosure of significant beneficial ownership in the shareholding pattern
  • 3) Notification dated December 31, 2018 issued by Securities and Exchange Board of India on SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018
  • 4) Notification dated January 12, 2019 on the Companies (Amendment) Ordinance 2019 issued by Ministry of Law and Justice
May 23, 2019

Familiarization programme was held for the Director on the following:

  • 1) Circular dated March 29, 2019 issued by Securities and Exchange Board of India (SEBI) for Procedure and formats for limited review / audit report of the listed entity and those entities whose accounts are to be consolidated with the listed entity.
  • 2) Ministry of Corporate Affairs (MCA) vide its Notification dated April 30, 2019 have notified the Companies (Acceptance of Deposits) Second Amendment Rules, 2019 regarding filing of one time return in DPT-3 Form by every company other than Government Company
  • 3) Notification dated February 08, 2019 issued by the Ministry of Corporate Affairs (MCA) on declaration of Significant Beneficial Owners (SBO) in an Indian company
August 19, 2019

Familiarization programme was held for the Director on the following:

  • 1) Compliance w.r.t. Clause 7B of Part A of Schedule III of SEBI (LODR) on resignation of independent director and an e-mail received from nse on the same
  • 2) SEBI Circular No. SEBI/HO/CFD/DCR1/CIR/P/2019/90 dated August 07, 2019 on Disclosure of reasons for encumbrance by promoter of listed companies
  • 3) Highlights of the important amendments in the Companies (Amendment) Act, 2019
  • 4) RBI Direction DBR.No.BP.BC.45/21.04.048/2018-19 dated June 07, 2019 on Prudential Framework for Resolution of Stressed Assets
  • 5) RBI Master Direction DNBR. PD. 008/03.10.119/2016-17 issued for Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 updated as on August 02, 2019
November 13, 2019

Familiarization programme was held for the Director on the following:

  • 1) Government has brought in the Taxation Laws (Amendment) Ordinance 2019 to make certain amendments in the Income-tax Act 1961 and the Finance (No. 2) Act 2019. This was announced by the Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitaraman during the Press Conference in Goa on September 20, 2019 as a Press Note of even date.
  • 2) MCA’s Notification dated October 22, 2019 on Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2019.
  • 3) MCA’s Notification dated October 22, 2019 on Companies (Creation and Maintenance of databank of Independent Directors) Rules, 2019.
June 25,2020
  • 1) Circular dated May 20, 2020 issued by SEBI on Advisory on disclosure of material impact of COVID – 19 pandemic on listed entities under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR Regulations’ / ‘LODR’):
  • 2) Circulars dated March 19, 2020, March 26, 2020, April 13, 2020 and May 12, 2020 issued by SEBI on Relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 due to the CoVID -19 virus pandemic:
  • 3) Circular dated March 27, 2020 issued by SEBI on Relaxation from compliance with certain provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SAST Regulations) due to the COVID-19 pandemic:
  • 4) Ministry of Corporate Affairs (MCA) vide its General Circular No.12/2020 dated March 30, 2020 have introduced Companies Fresh Start Scheme, 2020:
  • 5) Ministry of Corporate Affairs (MCA) vide its Notification dated March 19, 2020 issued the Companies (Meetings of Board and its Powers) Amendment Rules, 2020 regarding holding of the Board Meetings on matters referred to in sub-rule (1) of Rule 4 of the said Rules through video conferencing or other audio visual means in accordance with rule 3
  • 6) Ministry of Corporate Affairs (MCA) vide its General Circular No.20/2020 dated May 05, 2020 regarding holding of annual general meetings by companies through video conferencing or other audio visual means
February 11, 2021

SEBI Circular dated 15.01.2021 on Relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 due to the COVID-19 pandemic

March 24, 2021

SEBI Circular No. SEBI/HO/ISD/ISD/CIR/P/202 dated September 09, 2020 on Automation of Continual Disclosures under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 - System driven disclosures

June 25, 2021
  • 1) Circular dated April 29, 2021 issued by SEBI on Relaxation from compliance with certain provisions of the SEBI (Listing Obligations Disclosure Requirements) Regulations, 2015 due to the CoVID-19 pandemic
  • 2) Circular dated May 03, 2021 issued by Ministry of Corporate Affairs on gap between two board meetings under Section 173 of the Companies Act, 2013
November 09, 2021
  • 1) MCA has made amendments in Schedule III (General Instructions for Preparation of Balance Sheet and Statement of Profit and Loss) to the Companies Act, 2013 vide its notification dated March 24, 2021; Changes effective from April 01, 2021
  • 2) SEBI has amended SEBI (Listing Obligations Disclosure Requirements) Regulations, 2015 vide its notification dated August 03, 2021; Changes effective from January 01, 2022
  • a) SEBI’s amendments on Obligations with respect to Independent Directors
  • b) SEBI strengthens the criteria for determination of status of Independent directors
  • c) SEBI mandates Letter of resignation of the Independent director to be provided to the Stock Exchanges
  • d) SEBI mandates approval of Related Party Transactions by Independent Directors
  • e) SEBI mandates approval by Shareholders for Appointment of Directors at the next General meeting or within three months from the date of appointment whichever is earlier under Regulation 17(1C):
  • f) SEBI widens the role of Nomination and Remuneration Committee
  • g) SEBI stipulates Audit Committee to have at least Two-third representation as Independent Directors:
  • h) SEBI stipulates changes in the composition of Nomination and Remuneration Committee
March 23, 2022

1)SEBI Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 dated January 25, 2022 on Issuance of Securities in dematerialized form in case of Investor Service Requests

August 08, 2022
  • 1) SEBI Circular dated 25.05.2022 on Simplification of procedure and standardization of formats of documents for issuance of duplicate securities certificates.
  • 2) SEBI Circular dated 05.08.2022 on Trading Window closure period under Clause 4 of Schedule B read with Regulation 9 of SEBI (Prohibition of Insider Trading) Regulations, 2015 (“PIT Regulations”) – Framework for restricting trading by Designated Persons (“DPs”) by freezing PAN at security level.
  • 3) NSE Circular dated 02.08.2022 on use of digital signature certificate for announcements submitted by listed companies
  • 4) BSE / NSE E-mails dated 04.08.2022 / 05.08.2022 on submission of Compliance Certificate on Reg. 3(5) of SEBI (PIT) Regulations, 2015 which requires maintenance of Structured Digital Database (SDD)
November 13, 2022
  • 1)MCA vide Circular dated September 15, 2022 amended the definition of small company
  • 2) Circular dated October 28, 2022 issued by BSE on Standard Operating Process under SEBI (PIT) Regulations, 2015 for ensuring compliance with Structured Digital Database (SDD)
February 13, 2023
  • 1) (Ministry of Corporate Affairs (MCA) has issued General Circular No.10/2022 dated December 28, 2022, regarding Clarification of holding of Annual General Meeting (AGM) through Video Conference (VC) or Other Audio Visual Means (OAVM).
  • 2) Securities and Exchange Board of India (SEBI) has issued Circular No. SEBI/HO/CFD/PoD-2/P/CIR/2023/4 dated January 05, 2023, regarding Relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • 3) Bombay Stock Exchange (BSE) has issued Circular No. 20230125-33 dated January 25, 2023, regarding Standard Operating Process under SEBI (PIT) Regulations, 2015 for ensuring compliance with Structured Digital Database (“SDD”).
  • 4) Securities and Exchange Board of India (SEBI) has issued Circular No. SEBI/HO/OIAE/2023/03391 dated January 27, 2023, regarding General awareness on availability of Dispute Resolution Mechanism at Stock Exchanges against Listed Companies/Registrar to an Issue and Share Transfer Agents (RTAs).
Name of Independent Directors No. of programmes attended No. of hours spent in the programmes attended
F.Y. 2017-18 F.Y. 2018-19 F.Y. 2019-20 F.Y. 2020-21 F.Y. 2021-22 F.Y. 2022-23 On cumulative basis till date F.Y. 2017-18 F.Y. 2018-19 F.Y. 2019-20 F.Y. 2020-21 F.Y. 2021-22 F.Y. 2022-23 On cumulative basis till date
Mr. Venkatesan Narayanan 1 2 3 3 3 3 15 3 3 3 3 3 3 18
Ms. Sujata Chattopadhyay - 1 2 3 3 3 12 - 1 2 3 3 3 12
Mr. Milind S. Desai NA 1 3 3 3 3 13 NA 1 3 3 3 3 13
Notice
Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015_13.02.2024Notice of Board Meeting scheduled to be held on February 13, 2024Regulation 47(1) (b) of SEBI (LODR) Regulations, 2015- November 07, 2023Notice of Board Meeting scheduled to be held on November 07, 2023Notice of the Board Meeting scheduled to be held on August 11, 2023Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015- August 11, 2023Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – May 26, 2023Notice of the Board Meeting scheduled to be held on May 26, 2023Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – February 14, 2023Notice of Board Meeting scheduled on February 13, 2023Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 - November 15, 2022Notice of Board Meeting scheduled on November 13, 2022Regulation 47(1)(d) of SEBI (LODR) Regulations, 2015 - September 01, 2022Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – August 12, 2022Notice of Board Meeting scheduled on August 11, 2022Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – May 29, 2022Notice of Board Meeting scheduled on May 27, 2022Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – February 11, 2022Notice of Board Meeting scheduled on February 10, 2022Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – November 10, 2021Notice of Board Meeting scheduled on November 09, 2021Regulation 47(1)(d) of SEBI (LODR) Regulations, 2015 - September 04, 2021Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – August 13, 2021Notice of Board Meeting scheduled on August 12, 2021Shifting of Registered office of the Company– w.e.f. February 12, 2021Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – February 12, 2021Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015 – February 11, 2021Notice of Board Meeting scheduled on February 11, 2021Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – November 12, 2020Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015 – November 11, 2020Notice of Board Meeting scheduled on November 11, 2020Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – September 11, 2020Notice of Board Meeting scheduled on September 10, 2020Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015 – September 10, 2020Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015 – August 27, 2020Revised Notice of Board Meeting scheduled on August 27, 2020Notice of Board Meeting scheduled on August 27, 2020Notice of Board Meeting scheduled on 25.06.2020Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 - February 14, 2020Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015 – February 13, 2020Notice of Board Meeting scheduled on February 13, 2020Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – November 13, 2019Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015 – November 12, 2019Notice of Board Meeting scheduled on November 12, 2019Regulation 47(1)(d) of SEBI (LODR) Regulations, 2015 - August 29, 2019Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 - August 20, 2019Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015 – August 19, 2019Notice of Board Meeting scheduled on August 19, 2019Notice of the Board Meeting scheduled on May 22, 2019Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015- May 22, 2019Notice of the Board Meeting scheduled on February 11, 2019Information to shareholder – Dematerialization of physical sharesNotice of the Board Meeting scheduled on November 13, 2018Notice of the Board Meeting scheduled on August 14, 2018.Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015- August 08, 2018Notice of the Board Meeting scheduled on May 28, 2018Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015- February 10, 2018Notice of the Board Meeting scheduled on February 09, 2018Notice of the Board Meeting scheduled on December 12, 2017Notice of the Board Meeting scheduled on September 11, 2017Postponement of Board Meeting – September 07, 2017Regulation 47(1)(a) of SEBI (LODR) Regulations, 2015 - September 04, 2017Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 – May 30, 2017Notice for the Board Meeting scheduled on May 29, 2017Regulation 47 (1) (a) of SEBI (LODR) Regulations, 2015 - May 18, 2017Regulation 30 of SEBI (LODR) Regulations, 2015- May 05, 2017Regulation 47(1)(b) of SEBI(LODR) Regulations, 2015 - February 09, 2017Notice of Board Meeting scheduled on February 8, 2017Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 - November 14, 2016Notice of Board Meeting scheduled on November 12, 2016Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015 - August 10, 2016Notice of Board Meeting rescheduled on August 09, 2016Notice of Board Meeting scheduled on August 08, 2016Notice of Board Meeting scheduled on May 25, 2016Notice of the Board Meeting scheduled on January 29, 2016

Terms and Conditions of appointment of Independent Directors

Pursuant to declarations received under Section 149(6) of Companies Act, 2013 and based on the recommendation of Nomination and Remuneration Committee, the Board and the Shareholders have approved the appointment of following Directors as Independent Directors.

The terms and conditions of appointment of the following Independent Directors are subject to the extant provisions of the (i) applicable laws, including the Companies Act, 2013 (‘2013 Act’) and Clause 49 of the Listing Agreement (as amended from time to time) and (ii) Articles of Association of the Company

Sl.No. Name of Independent Director With effect from To
1 Mr.Venkatesan Narayanan September 21, 2019 Till conclusion of 30th AGM to be held in the year 2024.
2 Mr.Milind Desai September 21, 2019 Till conclusion of 30th AGM to be held in the year 2024.
3 Mrs. Sujata Chattopadhyay September 21, 2018 Till conclusion of 29th AGM to be held in the year 2023.

The broad terms and conditions of their appointments as Independent Directors of the Company are reproduced hereunder:

1. Appointment The appointment will be for the period mentioned against their respective names (“Term”). The Company may disengage Independent Directors prior to completion of the Term subject to compliance of relevant provisions of the 2013 Act.

As Independent Directors, they will not be liable to retire by rotation.

Reappointment at the end of the Term shall be based on the recommendation of the Nomination and Remuneration Committee and subject to the approval of the Board and the shareholders. The reappointment would be considered by the Board based on the outcome of the performance evaluation process and the directors continuing to meet the independence criteria.

The directors may be requested to be a member / Chairman of any one or more Committees of the Board which may be constituted from time to time.

2. Role and Duties The role and duties will be those normally required of a Non-Executive Independent Director under the Companies Act, 2013 and the listing agreement. There are certain duties prescribed for all Directors, both Executive and Non-Executive, which are fiduciary in nature and are as under:

  • I. They shall act in accordance with the Company’s Articles of Association.
  • II. They shall act in good faith in order to promote the objects of the Company for the benefit of its members as a whole, and in the best interest of the Company.
  • III. They shall discharge their duties with due and reasonable care, skill and diligence.
  • IV. They shall not involve themselves in a situation in which they may have a direct or indirect interest that conflicts, or possibly may conflict, with the interest of the Company.
  • V. They shall not achieve or attempt to achieve any undue gain or advantage either to themselves or to their relatives, partners or associates.
  • VI. They shall not assign their office as Director and any assignments so made shall be void.

In addition to the above requirements applicable to all Directors, Non-Executive Director:

  • i) Should constructively challenge and help developproposals on strategy;
  • ii) Should scrutinise the performance ofmanagement in meeting agreed goals and objectives;
  • iii) Should satisfy themselves on the integrity of financialinformation and that financial controls and systems of risk management are robust and defensible;
  • iv) Are responsible for determining appropriate levelsof remuneration of Executive Directors and have a prime role in appointing, and where necessary, removing Executive Directors and in succession planning;
  • v) Should take responsibility for the processes for accurately reporting on performance and the financial position of IITL Projects Limited; and
  • vi) Should keep governance and compliance withthe applicable legislation and regulations under review and the conformity of IITL Projects Limited practices to accepted norms.

3. Status of Appointment They will not be an employee of the Company. They will be paid such remuneration by way of sitting fees for meetings of the Board and its Committees as may be decided by the Board and approved by the Shareholders from time to time. Further, they may be paid remuneration by way of commission as may be approved by the Board and the Shareholders from time to time.

4. Reimbursement of Expenses In addition to the remuneration described in paragraph 5 the Company may, for the period of appointment of Independent Directors, reimburse them for travel, hotel and other incidental expenses incurred by them in the performance of their role and duties.

5. Conflict of Interest

5.1 It is accepted and acknowledged that they may have business interests other than those of the Company. As a condition to their appointment commencing, they are required to declare any such directorships, appointments and interests to the Board in writing in the prescribed form at the time of their appointment.

5.2 In the event that their circumstances seem likely to change and might give rise to a conflict of interest or, when applicable, circumstances that might lead the Board to revise its judgment that they are independent, this should be disclosed to the Chairman of the Company.

6. Confidentiality All information acquired during their appointment is confidential to IITL Projects Limited and should not be released, either during their appointment or following termination (by whatever means) to third parties without prior clearance from the Chairman unless required by law or by the rules of any stock exchange or regulatory body.

Their attention is also drawn to the requirements under the applicable regulations and the IITL Projects Limited’s Code of Insider Trading which concern the disclosure of price sensitive information and dealing in the securities of IITL Projects Limited. Consequently they should avoid making any statements or performing any transactions that might risk a breach of these requirements without prior clearance from the Chairman.

7. EvaluationThe Company will follow the following Evaluation mechanism:

7.1 Based on the evaluation and recommendation by the Nomination and Remuneration Committee, the Company will carry out an evaluation of the performance of the Board as a whole, Board Committees and Directors on an annual basis.

7.2 On the basis of the report of performance evaluation, it shall be determinedwhether to extend or continue the term of appointment as anIndependent Director.

8. Insurance IITLProjects Limited has Directors’ and Officers’ liability insurance and it is intended that IITL Projects Limited will assume and maintain such cover for the full term of their appointment.

9. Independent Professional Advice There may be occasions when they consider that they need professional advice in furtherance of their duties as a Director and it will be appropriate for them to consult independent advisers at the Company’s expense. The Company will reimburse the full cost of expenditure incurred in accordance with the Company’s policy.

10. Disclosure of Interest The Company must include in its Annual Accounts a note of any material interest that a Director may have in any transaction or arrangement that the Company has entered into. Such interest should be disclosed no later than when the transaction or arrangement comes up at a Board meeting so that the minutes may record their interest appropriately and our records are updated. A general notice that they are interested in any contracts with a particular person, firm or company is acceptable.

11. Code for Independent Directors, Code of Conduct for Directors and Code of Conduct for Prevention of Insider Trading

They are required to abide by theCode for Independent Directors, Code of Conduct for Directors and Code of Conduct for Prevention of Insider Trading, as issued by the Company.

12. Termination

  • a. They may resign from their position at any time and should they wish to do so, they are requested to serve a reasonable written notice on the Board.
  • b. Continuation of their appointment is contingent on their getting re-elected by the shareholders in accordance with provisions of Companies Act, 2013 and the Articles of Association of the Company, from time to time in force. They will not be entitled to compensation if the shareholders do not re-elect them at any time.
CIN No.

L01110MH1994PLC082421

IITL

Corporate & Registered Office

MUMBAI

Office No. 101A, B wing,"The Capital", G-Block, Plot No.C-70, Bandra Kurla Complex, Bandra (East), Mumbai - 400051.

022-43250100
DELHI

503 ,Vikas Deep Building, District Centre, Laxmi Nagar, Delhi- 110 092

011- 43020300

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