AGM Details

The 66th Annual General Meeting is scheduled to be held on Friday, September 18, 2026 at 12:00 Noon IST through Video Conferencing (VC) facility/Other Audio Visual Means (OAVM).

Key Dates

  • Record Date: September 04, 2026
  • Cut-off date to vote on AGM resolutions: September 11, 2026
  • Book Closure dates: September 11, 2026 to September 18, 2026
  • E-voting period: September 15, 2026 (9:00 am IST) to September 17, 2026 (5:00 pm IST)

Financial Highlights (Amount in ₹ Crores)

| Particulars | FY 2025-26 | FY 2024-25 | Growth |

| Revenue from Operations | 3.93 | 3.54 | 11.0% |

| Standalone Net Profit | 1.50 | 1.16 | 29.6% |

| Consolidated Net Profit | 1.51 | 1.17 | 29.4% |

| Standalone Basic EPS (₹) | 1.80 | 1.48 | 21.6% |

| Consolidated Basic EPS (₹) | 1.79 | 1.47 | 21.8% |

Dividend Declaration

The Board has recommended a Final Dividend of ₹0.50 per equity share of ₹10 each (5%) for FY 2025-26. Together with the Interim Dividend of ₹0.50 per equity share already declared during the financial year, the total dividend for FY 2025-26 aggregates to ₹1.00 per equity share. The dividend will be paid to eligible shareholders as on Record Date of September 4, 2026.

Business Resolutions

Ordinary Business:

1. Adoption of audited standalone and consolidated financial statements for FY ended March 31, 2026

2. Declaration of final dividend of ₹0.50 per share

3. Re-appointment of Mrs. Sonal Mayur Shah (DIN: 00199734) as director who retires by rotation

Special Business:

4. Approval of Material Related Party Transactions consisting of Loans, Advances & Borrowings:

  • Loan to Shree Swami Samarth Builders and Developers (Joint Venture): ₹50 Crores maximum limit at 12% interest, repayable on demand
  • Borrowing from Marathon Realty Private Limited (Common Promoter Group): ₹50 Crores maximum limit at 12% interest, repayable on demand
  • Borrowing from Fibre Box Private Limited (Common Promoter Group): ₹10 Crores maximum limit at 12% interest, repayable on demand

5. Approval of Related Party Transaction - Transfer of Land to Shree SS Infra Developers Private Limited at market value/stamp duty value

Capital Structure Changes

The company converted 695,000 convertible warrants into equity shares during FY 2025-26, increasing the paid-up share capital from 83,05,000 equity shares to 90,00,000 equity shares of ₹10 each.

Related Party Transactions Details

The explanatory statement provides comprehensive details of the proposed material related party transactions:

Shree Swami Samarth Builders and Developers (Joint Venture):

  • Relationship: Joint Venture with 40% capital contribution by Citadel
  • Previous transactions: Interest income of ₹393.01 lakhs in FY 2025-26
  • Proposed transaction: Loan of ₹50 Crores at 12% interest, repayable on demand
  • Financial performance of related party: Turnover ₹4.22 lakhs, PAT ₹2.97 lakhs, Net worth ₹280.84 lakhs

Marathon Realty Private Limited (Associate):

  • Relationship: Holds 42.69% equity shares of Citadel
  • Previous transactions: Various transactions totaling ₹679.28 lakhs in FY 2025-26
  • Proposed transaction: Borrowing of ₹50 Crores at 12% interest, repayable on demand
  • Financial performance of related party: Turnover ₹19,170.88 lakhs, PAT ₹8,680.15 lakhs, Net worth ₹60,618.29 lakhs

Fibre Box Private Limited (Common Promoter Group):

  • Relationship: Holds 8.26% stake in Citadel
  • Previous transactions: Inter-corporate deposit taken ₹243.56 lakhs, advance against development ₹640.59 lakhs
  • Proposed transaction: Borrowing of ₹10 Crores at 12% interest, repayable on demand
  • Financial performance of related party: PAT ₹0.99 lakhs, Net worth ₹1,291.43 lakhs

Shree SS Infra Developers Private Limited:

  • Relationship: Entity having common directors with Citadel
  • Proposed transaction: Transfer of land at market value/stamp duty value
  • Financial performance of related party: Turnover ₹3,542.37 lakhs, PAT ₹171.90 lakhs, Net worth ₹537.91 lakhs

Shareholding Pattern

As of March 31, 2026:

  • Promoter and Promoter Group: 66.67%
  • Public Shareholding: 33.32%
  • Shares in dematerialized form: 97.32%
  • Physical shares: 2.68%

Voting Arrangements

The company has made arrangements for remote e-voting through NSDL. Members can vote electronically from September 15, 2026 (9:00 am) to September 17, 2026 (5:00 pm).

Legal and Regulatory Compliance

The document includes Director's Report, Management Discussion & Analysis, Corporate Governance Report, and various statutory annexures including:

  • Secretarial Audit Report (Form MR-3)
  • Disclosure under Rule 5 of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014
  • Corporate Governance Certificate
  • Certificate of Non-Disqualification of Directors

Financial Statements

The annual report contains complete standalone and consolidated financial statements for FY 2025-26, including balance sheets, profit and loss statements, cash flow statements, and notes to accounts, all certified by the statutory auditors.