Company Overview
Country Condo's Limited (Scrip Code: 531024) filed comprehensive disclosures for FY26 including financial results and notice for its 39th Annual General Meeting scheduled for September 28, 2026.
Financial Performance
FY26 revenue from operations stood at ₹1,748.35 lakhs (FY25: ₹1,670.69 lakhs) with net profit of ₹59.41 lakhs, maintaining similar performance to the previous year's ₹59.75 lakhs. Basic and diluted EPS remained constant at ₹0.08. The company reported improved return on equity of 11.35% (from 9.60%) and net profit ratio of 5.04% (from 4.46%).
Key financial metrics showed gearing ratio increased to 41.87% from 31.81% due to higher other payables of ₹1,929.84 lakhs, while maintaining no bank borrowings. Current ratio decreased to 2.30 times from 3.02 times, and inventory turnover ratio declined to 0.12 times from 0.19 times.
AGM Details and Corporate Actions
The 39th AGM will be held via video conferencing on September 28, 2026. Key resolutions include:
- Adoption of FY26 financial statements
- Reappointment of Y. Siddharth Reddy as director
- Appointment of Poojitha Baheti as Independent Director for 5 years
- Reappointment of D. Krishna Kumar Raju as Vice-Chairman & CEO with remuneration of ₹3,00,000 per month plus commission up to 5% of net profits
No dividend was recommended for FY26 to reinvest capital in business development opportunities.
Operational and Business Highlights
The company maintains a land portfolio of 5,011 acres across multiple states, with 4,415 acres already developed and delivered. Total deeds executed reached 68,579 across all projects, primarily in residential plotted developments. Closing inventories of land and development expenditure amounted to ₹4,294.40 lakhs.
Corporate Governance and Compliance
Filed pursuant to SEBI Listing Regulations 30, 34, 44 and 53, following multiple MCA and SEBI circulars. The company maintains adequate internal financial controls with no reportable material weaknesses. All related party transactions were in ordinary course of business at arm's length basis.
Board composition includes 11 directors with the addition of Smt. Poojitha Baheti as Independent Additional Director effective September 4, 2026. The company held 5 board meetings during FY25-26.
Risk Management and Outlook
Key risks include regulatory delays, skilled labor availability, rising construction costs, and over-regulated environment. The company focuses on opportunistic growth with expansion plans into condos, holiday homes, and resort-linked developments. Maintains 75 permanent employees with cordial labor relations.
Important Dates
- Book Closure: September 19-28, 2026
- E-voting Period: September 25-27, 2026
- Results Declaration: By September 30, 2026