Key Quantitative Figures

  • Total Revenue: ₹41.45 lakhs (FY 2025-26) vs. ₹132.57 lakhs (FY 2024-25)
  • Total Expenditure: ₹85.70 lakhs (FY 2025-26) vs. ₹86.15 lakhs (FY 2024-25)
  • Profit/(Loss) Before Tax: (₹44.25) lakhs (Loss) vs. ₹46.42 lakhs (Profit)
  • Profit/(Loss) After Tax: (₹44.25) lakhs (Loss) vs. ₹46.42 lakhs (Profit)
  • Basic & Diluted EPS: (₹0.30) per share vs. ₹0.31 per share
  • Authorized Share Capital: ₹15,00,00,000 (150 lakh shares of ₹10 each)
  • Paid-Up Share Capital: ₹14,85,90,000 (148.59 lakh shares of ₹10 each); unchanged during the year.
  • Investments (Non-current): ₹1,104.27 lakhs (primarily in partnership firms/SPVs)
  • Inventories: ₹1,380.93 lakhs (land parcels)
  • Short-term Borrowings: ₹908.09 lakhs (from customers & others)
  • Non-current Borrowings: ₹707.00 lakhs (unsecured loans)
  • Contingent Liability: ₹13.76 lakhs (Income tax demands)

Dates of Action

  • AGM Date: 28th September 2026 (scheduled)
  • Record Date for AGM: 21st September 2026
  • Remote E-voting Period: 25th September 2026 (9:00 AM) to 27th September 2026 (5:00 PM)
  • Statutory Auditor Resignation: 9th August 2026 (S R P C & CO LLP)
  • New Auditor Appointment by Board: 10th August 2026 (M/s A C M B & Co.)
  • Financial Year End: 31st March 2026
  • Board Report Date: 4th September 2026
  • Auditor's Report Date: 30th May 2026

Parties Involved

  • Listed Entity: B & B Realty Limited
  • Stock Exchange: BSE Limited
  • Outgoing Statutory Auditor: M/s. S R P C & CO LLP, Chartered Accountants (FRN: S000118)
  • Incoming Statutory Auditor: M/s. A C M B & Co., Chartered Accountants (FRN: 030487S)
  • Secretarial Auditor: M/s. Vikram Raj & Associates, Company Secretaries
  • Registrar & Share Transfer Agent: Maheshwari Datamatics Pvt. Ltd.
  • Bankers: City Union Bank, IDFC First Bank
  • Scrutinizer for E-voting: Mr. Vikram Raj G A, Practicing Company Secretaries
  • Key Managerial Personnel: Mr. Bharat Kumar Bhandari (Managing Director & CFO), Mrs. Vinita Sharma (Company Secretary)

Stated Rationale for Auditor Change

The outgoing statutory auditor, S R P C & CO LLP, resigned due to "an internal strategic realignment and a firm-level decision to restrict their assurance services, including statutory audits." The resignation was not related to any event concerning the Company's operations, governance, or performance. The Board appointed M/s. A C M B & Co. to fill the casual vacancy.

Financial & Operational Impact (as disclosed)

  • The loss for the year is attributed to income received by its SPVs not being recognized in accordance with applicable Accounting Standards. This income is expected to be recognized in FY 2026-27.
  • The company holds a land bank of approximately 30 acres in and around North Bangalore.
  • No dividend was recommended for the year due to the loss incurred.
  • The company's shares were suspended from trading on BSE during the period April 2025 to March 2026.

Capital Structure Impact

No change in share capital during the year. The promoter and promoter group holding stands at 53.5062%.

Cash Flow Implications

  • Net cash used in operating activities: ₹(56.90) lakhs
  • Net cash used in investing activities: ₹(230.60) lakhs (primarily additional investment in partnership firms)
  • Net cash from financing activities: ₹282.66 lakhs (from additional borrowings)
  • Net decrease in cash and cash equivalents: ₹(4.84) lakhs

Governance & Compliance Highlights

  • The Board met 5 times during the year.
  • The Secretarial Audit Report noted two observations: 1) Non-compliance by an Independent Director with the proficiency test requirement, and 2) The board had failed to appoint a new independent director following a resignation in February 2025. Management has noted these and stated steps are being taken to ensure compliance.
  • The company has received necessary declarations from all Independent Directors confirming their independence.
  • No fraud was reported by the auditors.
  • No material related party transactions were reported.

Forward-Looking Commentary (Explicitly Stated)

From the Management Discussion & Analysis:

  • "The said income [from SPVs] is expected to be recognised in FY 2026-27, which is expected to have a corresponding positive impact on the financial performance."
  • "The Company intends to focus on unlocking value from its existing assets and investments while selectively evaluating new opportunities."
  • "The Company will continue to adopt a cautious and disciplined approach towards capital deployment, land acquisition and investments in SPVs/JVs."