Financial Results Approval
The Board approved multiple sets of financial results that were previously submitted to stock exchanges without board approval due to the Corporate Insolvency Resolution Process:
Q3 FY25 Results (31st December 2024):
- Un-audited standalone and consolidated financial results approved
- Limited review reports by statutory auditors M/s MRKS & Associates submitted
- Originally disseminated to exchanges on 4th April 2025
- No modifications from previously submitted results
Q4/FY25 Results (31st March 2025):
- Audited standalone and consolidated financial results approved
- Statement of Impact of Audit Qualifications submitted (for audit report with modified opinion)
- Auditor reports by M/s MRKS & Associates submitted
- Standalone results originally disseminated on 7th November 2025
- No modifications from previously submitted standalone results
- Consolidated results newly submitted for FY2024-25
Q1 FY26 Results (30th June 2025):
- Un-audited standalone financial results approved
- Limited review report by M/s MRKS & Associates submitted
- Originally disseminated to exchanges on 15th December 2025
- No modifications from previously submitted results
Q2 FY26 Results (30th September 2025):
- Un-audited standalone financial results approved
- Limited review report by M/s MRKS & Associates submitted
Q3 FY26 Results (31st December 2025):
- Un-audited standalone financial results approved
- Limited review report by M/s MRKS & Associates submitted
Consolidation Constraints
The company cannot provide consolidated financial results for Q1-Q3 FY26 due to subsidiaries and other companies to be consolidated under IND-AS 110 being separate legal entities. The company faces difficulty obtaining financial statements/relevant data from these companies.
Corporate Governance Changes
Director Status Change:
- Smt. Kanta Devi (DIN: 08682540), Non-Executive Woman Director
- Status changed from "not liable to retire by rotation" to "liable to retire by rotation" effective 17th June 2026
- Subject to shareholder approval at ensuing General Meeting
- Profile: Senior political leader, National President of Mission Ekta Party since January 2015, Director of 369 AKR Universe Private Limited
- Not debarred from directorship by SEBI or any authority
- Related to other directors on the board
Auditor Appointments:
- M/s. Roni & Associates, Company Secretaries (ICSI code: S2019DE671300) appointed as Secretarial Auditor for FY2025-30
- M/s J.D. Associates, Cost Accountants (Firm Registration No. 101443) appointed as Cost Auditor for FY2025-26
- MRKS and Associates, Chartered Accountants (ICAI Firm Registration No. 023711N) reappointed as Statutory Auditors from 58th AGM until 63rd AGM in 2030
- All appointments subject to shareholder approval at ensuing General Meeting
Dividend Declaration
No dividend recommended for the financial year ended 31st March 2025.
Insolvency Proceedings Update
1. NCLAT order dated 7th January 2026 confined Corporate Insolvency Resolution Process to Lucknow and Rajasthan projects (per settlement agreement dated 3rd March 2022 with IL&FS Financial Services Limited)
2. These projects managed by Shri Navneet Kumar Gupta, Resolution Professional (CP No.: IB-558(ND)/2024)
3. Serene Residency Group Housing Project, Greater Noida also managed by Shri Navneet Kumar Gupta - resolution plan approved by NCLT New Delhi Bench II on 6th October 2025
4. Fernhill Project, Gurgaon managed by Shri Jalesh Kumar Grover, Resolution Professional