Dalal Street Investments Limited

Key Financial Figures

Financial Performance (₹ in lakhs):

  • Revenue from Operations: ₹60.51 (FY25: ₹55.00)
  • Other Income: ₹29.88 (FY25: ₹62.60)
  • Total Expenses: ₹91.84 (FY25: ₹103.49)
  • Loss Before Tax: ₹(1.45) (FY25: Profit ₹14.11)
  • Tax Expense: ₹0.19 (FY25: ₹0.28)
  • Net Loss After Tax: ₹(1.26) (FY25: Profit ₹13.83)
  • Total Comprehensive Income: ₹(14.91) (FY25: ₹(26.48))
  • Basic & Diluted EPS: ₹(0.40) (FY25: ₹4.39)

Key Financial Ratios:

  • Debt Service Coverage Ratio: 1.30 (FY25: 2.65)
  • Net Profit Ratio: (2.09)% (FY25: 25.15%)
  • Return on Capital Employed: 0.62% (FY25: 3.00%)
  • Return on Investment: (2.51)% (FY25: 17.10%)
  • Current Ratio: 1.41 (FY25: 0.51)
  • Debt Equity Ratio: 0.21 (FY25: 0.36)

Balance Sheet Position (₹ in thousands):

  • Property, Plant & Equipment: ₹6,987.74
  • Investment Property: ₹9,802.75
  • Investments: ₹8,397.42
  • Total Assets: ₹60,198.46
  • Equity Share Capital: ₹3,150.74
  • Other Equity: ₹45,027.94
  • Borrowings: ₹10,221.51 (Non-current: ₹4,712.25, Current: ₹5,509.27)

Dates and Timelines

  • AGM Date: September 22, 2026 at 10:30 AM IST through VC/OAVM
  • Cut-off Date for E-voting: September 15, 2026
  • Remote E-voting Period: September 19, 2026 (9:00 AM) to September 21, 2026 (5:00 PM)
  • Share Transfer Book Closure: September 16-22, 2026
  • Financial Year: April 1, 2025 to March 31, 2026

Parties Involved

Board of Directors:

  • Mr. Murzash Manekshana (Non-Executive Director)
  • Mrs. Geeta Manekshana (Managing Director)
  • Mr. Umesh Padamsi Gosar (Non-Executive Independent Director)
  • Mr. Pranav Pinakin Joshi (Non-Executive Independent Director)

Key Managerial Personnel:

  • Mrs. Geeta Manekshana (CEO)
  • Ms. Stefanie Leena Dsilva (CFO)
  • Mr. Mahesh Deshmukh (Company Secretary & Compliance Officer)

Auditors:

  • Statutory Auditors: Karia & Shah, Chartered Accountants
  • Secretarial Auditor: Pusalkar & Co., Company Secretaries
  • Internal Auditor: Praful Karia and Company

Bankers & Registrars:

  • Bankers: Axis Bank Limited
  • Registrar & Transfer Agent: MUFG Intime India Pvt. Ltd.

Business Overview and Performance Analysis

The company operates primarily in advisory services and investment activities. The decrease in profitability was primarily due to reduced other income from investments, which declined from ₹62.60 lakhs to ₹29.88 lakhs, despite an increase in revenue from operations.

Capital Structure

  • Authorized Share Capital: ₹2,00,00,000 (20,00,000 equity shares of ₹10 each)
  • Paid-up Equity Share Capital: ₹31,50,740 (3,15,074 equity shares of ₹10 each)
  • No change in share capital during the year

AGM Agenda Items

Ordinary Business:

1. Adoption of Audited Financial Statements for FY ended March 31, 2026

2. Re-appointment of Mrs. Geeta Manekshana (DIN: 03282077) as Director retiring by rotation

Dividend and Reserves

  • No dividend recommended for FY 2025-26
  • No amount transferred to reserves

Material Changes and Commitments

  • No material changes affecting financial position between year-end and report date
  • No change in nature of business during the year
  • No deposits accepted from public

Corporate Governance

  • Board met 5 times during the year
  • All committees (Audit, Nomination & Remuneration, Stakeholders Relationship, CSR) constituted and functional
  • No investor complaints pending during the year
  • No fraud reported under Section 143(12) of Companies Act, 2013

Related Party Transactions

Transactions with related parties include:

  • Loans from Geeta Manekshana: Opening ₹7,650, Repaid ₹8,000, Taken ₹5,052, Closing ₹4,702
  • Trade receivables from Verite Value Homes Projects Private Limited: ₹3,015
  • Compensation to KMPs: Mr. Mahesh Deshmukh ₹300, Mrs. Stefanie Leena Dsilva ₹1,550, Mrs. Geeta Manekshana ₹1,200

Other Significant Disclosures

  • Company does not meet criteria for Corporate Social Responsibility under Section 135
  • No subsidiary companies
  • No material orders passed by regulators/courts impacting going concern status
  • No application under Insolvency and Bankruptcy Code, 2016
  • No benami properties held
  • No wilful defaulter status
  • No transactions with struck-off companies

Auditor's Reports

  • Statutory Auditor's Report: Unmodified opinion without qualifications
  • Secretarial Audit Report: Generally complied with applicable laws with minor observation regarding delayed filing of certain forms
  • Internal Financial Controls: Adequate and operating effectively