Summary of Key Information:

Reporting Period: Quarter ended June 30, 2026 (Q1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting and Financial Results

Audit Opinion:

Unmodified opinion expressed by statutory auditors on both standalone and consolidated financial results.

Key Financial Highlights [Rs. in Lakhs]:

Standalone Results:

Revenue from Operations: ₹2,191.82 (Q1 FY27) vs ₹2,166.56 (Q1 FY26) - Increase of 1.17% YoY

Total Income: ₹2,429.91 (Q1 FY27) vs ₹2,319.62 (Q1 FY26) - Increase of 4.75% YoY

Net Profit: ₹254.89 (Q1 FY27) vs ₹120.58 (Q1 FY26) - Increase of 111.39% YoY

EPS: Basic ₹0.40, Diluted ₹0.36 (Q1 FY27)

Other Equity: Not specified for current quarter

Cash and Cash Equivalents: Not disclosed

Debt: Not separately disclosed

Consolidated Results:

Revenue from Operations: ₹2,464.00 (Q1 FY27) vs ₹2,443.91 (Q1 FY26) - Increase of 0.82% YoY

Total Income: ₹2,731.01 (Q1 FY27) vs ₹2,634.33 (Q1 FY26) - Increase of 3.67% YoY

Net Profit: ₹180.32 (Q1 FY27) vs ₹146.83 (Q1 FY26) - Increase of 22.81% YoY

EPS: Basic ₹0.31, Diluted ₹0.28 (Q1 FY27)

Other Equity: Not specified for current quarter

Cash and Cash Equivalents: Not disclosed

Debt: Not separately disclosed

Segment-wise Performance:

The Company operates in only one segment namely "Property and Related Services" and consequently does not have separate reportable business segments as per Ind AS 108 - Operating Segments.

Corporate Actions:

Surplus Finvest Private Limited converted 31,18,574 Warrants into 31,18,574 Equity Shares on June 13, 2026.

Warrants Lapsed and forfeiture of amount received:

  • 1,99,00,000 Warrants issued to Jurox Enterprises Private Limited
  • 33,81,426 Warrants issued to Surplus Finvest Private Limited

National Company Law Tribunal - Mumbai Bench Court - IV approved the withdrawal of the Scheme of Arrangement with Metawear Limited vide their order dated June 18, 2026.

Significant Legal Contingencies:

Yes Bank/JC Flowers Matter:

  • Company received demand notice for ₹18,448.96 lakhs from Yes Bank Limited dated April 19, 2022
  • Company has pledged 3,830 equity shares of Riddhi Siddhi Mall Management Private Limited and secondary charge on immovable property of Big Bazaar (Ground+1) at Raipur-Hirpur, Ahmedabad (fair value ₹6,267.00 lakhs as of March 31, 2023)
  • Yes Bank assigned debt to JC Flowers, who filed application for physical possession of 10 Acre Mall in Ahmedabad
  • JC Flowers withdrew notice for taking physical possession
  • Yes Bank filed OA before DRT New Delhi (TA/96/2022) - matter listed for clarification on August 13, 2026
  • FMNL filed securitization application (S.A. 1 of 2022) before DRT-I, Ahmedabad
  • FMNL and Basuti filed SA against JC Flowers ARC challenging Section 13(4) notice - next date August 18, 2026

Future Retail Limited Matter:

  • FMNL filed IA 3861 of 2023 in CP No. 527 of 2022 before NCLT Mumbai for possession of "Akashganga Enclave" at 10 Acre Mall, Ahmedabad and payment of outstanding lease rental
  • FRL admitted into liquidation on July 29, 2024
  • FMNL filed claim of ₹16,51,41,173 before liquidator of FRL on April 18, 2025
  • IA 3861 of 2023 dismissed on March 18, 2025

Arbitration Matter with Mr. Surana:

  • Arbitral Award dated May 19, 2016 awarded ₹12.90 Crores related to commercial premises at Kharghpur, West Bengal
  • ₹10.25 Cr paid to claimant from bank guarantees, claimant received additional ₹7.75 crores post termination
  • Matter pending before court, appeal under Section 37 listed for hearing in September 2026

RBL Bank Matter (Suhani Mall Subsidiary):

  • Suhani Mall provided leasehold property in Visakhapatnam as collateral for loan availed by Future Corporate Resources Private Limited
  • RBL Bank filed OA No. 3/2023 for recovery of ₹13,24,196,228.56
  • Suhani Mall's liability limited to realizable value of property subject to maximum ₹80 Cr
  • DRT Delhi dismissed OA on November 12, 2025
  • RBL Bank challenged order, matter pending
  • FIR No. 33/2026 registered alleging security interest created without prior approval
  • Quashing petition filed before Andhra Pradesh High Court, listed for hearing on August 17, 2026

Jeremia Real Estate Matter:

  • Jeremia filed IAs regarding removal of FLFL's goods from Bhiwandi warehouse and reimbursement
  • FLFL admitted into liquidation on July 9, 2026

Other Significant Information:

The financial results have been prepared in accordance with Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under section 133 of the Companies Act, 2013.

Figures of the previous financial period/year have been re-arranged/re-grouped/reclassified wherever necessary.

Entities in Consolidation:

  • Aashirwad Malls Private Limited (Wholly Owned Subsidiary)
  • Jeremia Real Estate Private Limited (Subsidiary)
  • Sun City Properties Private Limited (Subsidiary)
  • Suhani Mall Management Company Private Limited (Subsidiary)
  • Riddhi Siddhi Mall Management Private Limited (Joint Venture)