Signs Strategic Investment Agreement for Mathura township project; proposes to invest up to Rs. 10 crores

Strategic Investment Agreement dated September 30, 2026 with Kaamag Private Limited and Maayin's Real Estate Private Limited.

Sat 3 Oct 2026

Proposed Investment

up to Rs. 10 crores, in one or more tranches

Saleable Area Entitlement

2,400 square yards (800 square yards per acre over 3 acres)

Minimum Return

Rs. 12 crores

Minimum Sale Price

Rs. 50,000 per square yard

Agreement Date / Sale Period

September 30, 2026 to March 31, 2028

What was announced

IITL Projects Ltd has entered into a Strategic Investment Agreement dated September 30, 2026 with Kaamag Private Limited and Maayin's Real Estate Private Limited (together, the "Land Owners"). The executed agreement was received by the company on October 03, 2026.

What the agreement is for

The agreement has been entered into to facilitate the company's strategic investment in a proposed integrated residential township project proposed to be developed by the Land Owners on land situated at Surajmal Road, Mauza Neemgaon, Tehsil Govardhan, District Mathura, Uttar Pradesh.

Money involved

• The company proposes to invest an amount of up to Rs. 10 crores, in one or more tranches.
• In consideration of the investment amount, the company is entitled to a saleable area of 2,400 square yards, calculated at 800 square yards per acre over 3 acres of the project land.

How the sale is planned

• Upon sanction of the layout plan, the Land Owners shall earmark the company's area and offer the same for sale in priority to other inventory.
• The sale period shall be from September 30, 2026 to March 31, 2028, at a minimum price of Rs. 50,000 per square yard.
• The company is entitled to the sale proceeds from the company's area and a Minimum Return of Rs. 12 crores in respect of the full investment amount, which shall be jointly and severally ensured by the Land Owners.

Security and safeguards

• The Land Owners shall deposit the original title deeds relating to approximately 3 acres of the project land with the company as security, subject to the terms of the agreement.
• In the event of failure by the Land Owners to sell the company's area and pay the Minimum Return, or in case of material breach, the company may terminate the agreement and require refund of the amount actually invested together with interest at 16% per annum, less amounts already received, subject to the terms of the agreement.

Other points to note

• The company is not acquiring any shareholding in Kaamag Private Limited or Maayin's Real Estate Private Limited pursuant to the agreement.
• The agreement does not confer on the company any right to appoint or nominate directors, right of first refusal or right to subscribe to shares, or right to restrict the capital structure of the Land Owners.
• The parties are not related to promoter/promoter group/group companies in any manner, and the transaction would not fall within related party transactions.
• No shares are being issued to the parties under this agreement.

For a retail reader, the key factual takeaway is that this is a proposed investment into a residential township project, made in one or more tranches, where the company's entitlement is to a saleable area of land and a stated Minimum Return, rather than to shares or to any shareholding in the Land Owners.

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