Key Financial Figures

  • Revenue from operations: ₹0.30 lakh for FY 2025-26
  • Other income: ₹131.16 lakh for FY 2025-26
  • Total income: ₹131.46 lakh for FY 2025-26 (compared to ₹135.80 lakh in FY 2024-25)
  • Profit before tax: ₹23.29 lakh for FY 2025-26 (compared to ₹96.85 lakh in FY 2024-25)
  • Profit after tax: ₹16.41 lakh for FY 2025-26 (compared to ₹72.85 lakh in FY 2024-25)
  • No dividend recommended for FY 2025-26
  • No amount transferred to General Reserve

Share Capital Structure

  • Authorized share capital: ₹20,00,00,000 divided into 2,00,00,000 equity shares of ₹10 each
  • Issued capital: ₹3,50,07,000 as of 31st March, 2026
  • Subscribed capital: ₹3,50,07,000
  • Paid-up capital: ₹3,50,07,000 (35,00,700 equity shares of ₹10 each)
  • No change in paid-up capital during the year
  • No buyback, sweat equity, bonus shares, or ESOPs issued during the year
  • 87.76% of equity shares held in dematerialized form as of 31st March, 2026

Business Transformation

During FY 2025-26, the company underwent significant changes in its nature of business operations:

  • Previously engaged in manufacturing of dairy products and pharma nutritional products
  • Members approved diversification into development and management of projects relating to real estate, infrastructure, hospitality, education, healthcare, industrial warehousing etc.
  • Special Resolution passed through Postal Ballot on 17th January 2025 approved alteration of Objects Clause of Memorandum of Association
  • Company name changed from "Mahaan Foods Limited" to "Lake Shore Realty Limited" effective 22nd April, 2025
  • Ministry of Corporate Affairs issued fresh Certificate of Incorporation pursuant to name change

Management Changes

Appointments during FY 2025-26:

  • Mr. Chandan Hiralal Prajapati (DIN: 07214900) appointed as Additional Non-Executive Director w.e.f. 04th August, 2025
  • Ms. Bhairavi Chandrakant Goswami (DIN: 00576641) appointed as Additional Director and Managing Director w.e.f. 04th August, 2025
  • Mr Vijay Kumar (DIN: 07904740) appointed as Additional Independent Director w.e.f. 4th August, 2025
  • Mrs. Ruchi Ghanashyam (DIN: 09148241) appointed as Additional Independent Director w.e.f. 4th August, 2025
  • Mr. Himanshu Dineshkumar Joshi appointed as CFO w.e.f. 13th November, 2025
  • Mr. Ankit Dinesh Singh appointed as Company Secretary & Compliance Officer w.e.f. 13th August, 2025

Cessations during FY 2025-26:

  • Mrs. Saloni Goyal (DIN: 00400832) ceased w.e.f. 4th August, 2025
  • Mrs. Manisha Goyal (DIN: 00724073) ceased w.e.f. 4th August, 2025
  • Mr. Sanjeev Goyal (DIN: 00221099) ceased w.e.f. 4th August, 2025
  • Mr. Dharmesh Bhutani (DIN: 00235301) ceased w.e.f. 4th August, 2025
  • Mr. Achal Kumar Khaneja (DIN: 02282489) ceased w.e.f. 4th August, 2025
  • Mr. Ankit Agarwal resigned as Company Secretary & Compliance Officer w.e.f. 13th August, 2025

Post-Year End Changes (after 31st March, 2026):

  • Mr. Narendra Kumar Verma (DIN: 05164866) appointed as Additional Independent Director w.e.f. 15th May, 2026
  • Mrs. Ruchi Ghanashyam (DIN: 09148241) resigned w.e.f. closing of business hours on 1st April, 2026
  • Mr. Chandan Hiralal Prajapati to retire by rotation at ensuing AGM

Board Composition as of 31st March, 2026

1. Ms. Bhairavi Chandrakant Goswami - Managing Director

2. Mr. Chandan Hiralal Prajapati - Non-Executive Non-Independent Director

3. Mr. Vijay Kumar - Non-Executive Independent Director

4. Mrs. Ruchi Ghanashyam - Non-Executive Independent Director

Board Meetings

Six Board Meetings held during FY 2025-26 on:

1. 18-04-2025 (5 directors present)

2. 08-07-2025 (5 directors present)

3. 04-08-2025 (5 directors present)

4. 29-08-2025 (4 directors present)

5. 13-11-2025 (4 directors present)

6. 12-02-2026 (4 directors present)

Committee Composition

Audit Committee (as of 31st March, 2026):

  • Mrs. Ruchi Ghanashyam (Chairperson)
  • Mr Vijay Kumar (Member)
  • Ms. Bhairavi Chandrakant Goswami (Member)

Nomination and Remuneration Committee (as of 31st March, 2026):

  • Mrs. Ruchi Ghanashyam (Chairperson)
  • Mr Vijay Kumar (Member)
  • Mr. Chandan Hiralal Prajapati (Member)

Stakeholders Relationship Committee (as of 31st March, 2026):

  • Ms. Bhairavi Chandrakant Goswami (Chairperson)
  • Mr. Chandan Hiralal Prajapati (Member)
  • Mrs. Ruchi Ghanashyam (Member)

Auditors

  • Statutory Auditors: M/s PGS & Associates, Chartered Accountants (Firm Registration No. 122384W) appointed for 5 years until 43rd AGM
  • Internal Auditor: Mr. Yogesh Agre, employee of the Company
  • Secretarial Auditor: CS Dipti Zaveri, Practising Company Secretary (Membership No. 10170)
  • Secretarial Audit Report contains no qualifications, observations, or adverse remarks

Corporate Governance Exemption

The company is exempt from certain corporate governance provisions under SEBI LODR Regulations as paid-up share capital is less than ₹10 crore and net-worth is less than ₹25 crores as of 31st March, 2026.

Other Key Disclosures

  • No subsidiaries, joint ventures, or associate companies
  • No material orders passed by regulators/courts impacting going concern status
  • No deposits accepted from public under Section 73 of Companies Act, 2013
  • No loans, guarantees, or investments under Section 186 of the Act
  • Corporate Social Responsibility provisions not applicable
  • No employee drawing remuneration above prescribed limits under Section 197(12)
  • Gender composition: 2 male employees, 1 female employee, 0 transgender employees
  • No applications or proceedings under Insolvency and Bankruptcy Code, 2016
  • No fraud reported by auditors during the year

Future Outlook

The company's vision is to lead in development and management of large-scale projects across real estate, infrastructure, hospitality, education, healthcare, and industrial warehousing sectors. Priorities include increasing involvement in high-impact projects, providing integrated solutions covering full project lifecycle, and exploring international growth opportunities.