Key Quantitative Figures

Financial Performance FY 2025-26:

  • Revenue: ₹169.9 crore (62% year-on-year growth)
  • Net Profit: ₹35.1 crore
  • Pre-sales: ₹286.4 crore (54% year-on-year growth)
  • Units Sold: 624 units (approximately 3.94 lakh sq. ft.)
  • Adjusted EBITDA Margins: 36.6%
  • New Projects Added: 8 projects with combined Gross Development Value (GDV) of ₹1,055 crore

Standalone Financials (as of March 31, 2026):

  • Total Income: ₹4,195.30 lakhs (compared to ₹773 lakhs in previous year)
  • Net Profit: ₹3,692.43 lakhs (compared to ₹59.30 lakhs in previous year)
  • Authorized Share Capital: ₹11,00,00,000 (1,10,00,000 equity shares of ₹10 each)
  • Paid-up Capital: ₹10,33,12,000 (1,03,31,200 equity shares of ₹10 each)

Consolidated Financials (as of March 31, 2026):

  • Total Income: ₹16,992.60 lakhs (compared to ₹10,490.06 lakhs in previous year)
  • Net Profit: ₹3,514.63 lakhs (compared to ₹169.21 lakhs in previous year)

Operational Highlights

Project Portfolio:

  • 11 ongoing projects across Mumbai and surrounding regions
  • 18 projects in pipeline
  • Key ongoing projects: Luxorica (Malad), Safalya (Andheri), Ambika Nagar (Jogeshwari)
  • Project completion targets ranging from December 2027 to March 2029

Business Models:

1. Society Redevelopment

2. Slum Rehabilitation Authority (SRA) Projects

3. Stressed Redevelopment

Corporate Actions and AGM Details

19th Annual General Meeting:

  • Date: Friday, August 14, 2026
  • Time: 04:00 p.m.
  • Venue: Westin Grand Ballroom, International Business Park, Oberoi Garden City, Goregaon (East), Mumbai - 400063
  • Cut-off Date: August 7, 2026 for determining eligible voters

Agenda Items:

Ordinary Business:

1. Adoption of Audited Standalone and Consolidated Financial Statements for year ended March 31, 2026

2. Re-appointment of Mr. Sanjay Nathalal Shah as Director retiring by rotation

Special Business:

1. Regularization of Additional Director Mr. Prashant Shirsat (DIN: 05212829)

2. Closure of Fixed Deposit Scheme of the Company

3. Approval of "BRRL - Employee Stock Option Scheme 2026" (10,33,120 ESOPs)

4. Extension of ESOP Scheme 2026 to subsidiary, holding and associate companies

5. Approval of "BRRL - Performance Based Stock Unit Scheme 2026" (5,16,560 PSUs)

6. Extension of PSU Scheme 2026 to subsidiary and associate companies

Corporate Governance

Board Composition:

  • Mr. Sanjay Nathalal Shah (Chairman and Managing Director)
  • Mr. Paras Mal Jain (Independent Director)
  • Ms. Bhumi Bakulesh Tolia (Independent Director)
  • Mr. Prashant Shirsat (Non-Executive Director, appointed November 13, 2025)

Key Managerial Personnel:

  • Bhagyashree Mehadia (Company Secretary & Compliance Officer, appointed June 19, 2025)
  • Jinal Mukeshkumar Mehta (Chief Financial Officer)

Board Committees:

  • Audit Committee
  • Nomination & Remuneration Committee
  • Shareholders & Investor's Grievance Committee
  • Finance Committee (Non-Mandatory)

Capital Structure Impact

  • No change in share capital during the year
  • 100% of equity shares held in dematerialized form
  • Proposed ESOP schemes could potentially dilute equity by up to 15% if fully exercised

Cash Flow Implications

  • Fixed Deposit Scheme closure: Existing deposits of ₹64,00,000 to be serviced until maturity
  • No dividend declared for FY 2025-26
  • CSR initiatives undertaken voluntarily (not mandatory for the company)

Forward-looking Information

The document contains forward-looking statements about expected future performance, business outlook, and financial results, subject to various risks and uncertainties. The company is optimistic about growth opportunities in the Mumbai Metropolitan Region real estate market.

Auditors and Regulatory Compliance

Statutory Auditors:

  • JMMK & Co., Chartered Accountants (Firm Registration Number: 120459W)

Secretarial Auditor:

  • DSM & Associates, Company Secretaries (C.O.P. No.: 09394)

Internal Auditor:

  • DMS & Co, Chartered Accountant Firm (Firm Registration Number: 001169C)

All auditors provided unqualified reports for FY 2025-26.