Board Meeting Details

The Board meeting commenced at 3:30 PM and concluded at 4:30 PM on July 24, 2026.

Key Decisions Approved

1. Financial Results Approval

  • Approved unaudited financial results for the quarter ended June 30, 2026
  • Results were reviewed by the Audit Committee and Statutory Auditors
  • Limited Review Report from statutory auditors D M K H & Co. (FRN: 116886W) was provided

2. Statutory Auditor Appointment

  • Recommended appointment of M/s. Nitin K Shah & Co., Chartered Accountants (FRN: 107140W)
  • Term: 5 consecutive years from conclusion of 51st AGM until conclusion of 56th AGM
  • Subject to shareholder approval at ensuing 51st Annual General Meeting
  • Based on recommendation of Audit Committee

3. Secretarial Auditor Appointment

  • Appointed M/s. PNK & Co., Practicing Company Secretaries (Peer Review Certificate No. 8139/2026)
  • To conduct Secretarial Audit for financial year 2026-2027
  • Based on recommendation of Audit Committee

Financial Results (Quarter Ended June 30, 2026)

All amounts in ₹ lakhs

Income Statement:

  • Revenue from operations (net): ₹21.65 (vs. ₹340.48 in Q1 FY26)
  • Other Income: ₹0.00
  • Total Income: ₹21.65 (vs. ₹340.48 in Q1 FY26)

Expenses:

  • Cost of materials consumed: ₹0.02 (vs. ₹-0.00 in Q1 FY26)
  • Employee benefits expense: ₹1.63 (vs. ₹1.30 in Q1 FY26)
  • Other expenses: ₹11.59 (vs. ₹7.95 in Q1 FY26)
  • Total expenses: ₹13.23 (vs. ₹9.25 in Q1 FY26)

Profit/Loss:

  • Loss from operations before tax: ₹(13.23) (vs. profit of ₹12.40 in Q1 FY26)
  • Tax expense: ₹0.00 (vs. ₹3.34 in Q1 FY26)
  • Net loss for period: ₹(13.23) (vs. profit of ₹9.07 in Q1 FY26)
  • Total comprehensive income: ₹(13.23) (vs. ₹9.07 in Q1 FY26)

Per Share Data:

  • Basic EPS: ₹(6.46) (vs. ₹4.42 in Q1 FY26)
  • Diluted EPS: ₹(6.46) (vs. ₹4.42 in Q1 FY26)
  • Paid-up equity share capital: ₹20.49 lakhs (face value ₹10 per share)

Comparative Figures

Quarter Ended June 30, 2025 (Q1 FY26):

  • Revenue: ₹340.48 lakhs
  • Net profit: ₹9.07 lakhs
  • EPS: ₹4.42

Year Ended March 31, 2026 (FY26):

  • Revenue: ₹516.66 lakhs
  • Net profit: ₹6.15 lakhs
  • EPS: ₹3.00

Operational Context

  • The company operates in one reportable segment: Real Estate and Trading Activities
  • Financial statements prepared in accordance with Indian Accounting Standards (Ind AS)
  • Previous year figures have been regrouped/reclassified where necessary

Auditor Profiles

M/s. Nitin K Shah & Co.: Chartered Accountants firm with significant experience in statutory audits of listed and unlisted companies, taxation, assurance, and corporate advisory services.

M/s. PNK & Co.: Practicing Company Secretaries firm with extensive experience in secretarial audits, corporate laws, SEBI regulations, corporate governance, and listing compliances.