Board Meeting Details

The Board of Directors meeting was held on August 12, 2026, commencing at 3:30 PM and concluding at 5:45 PM. The meeting addressed four key agenda items:

Financial Results Approval

The Board approved the Un-Audited Financial Results (both Standalone and Consolidated) for the quarter ended June 30, 2026. The results were reviewed by the Audit Committee in its meeting held on the same date.

Standalone Financial Results (Q1 FY27)

  • Revenue from operations: ₹432.36 lakhs (compared to ₹394.30 lakhs in Q1 FY26)
  • Other income: ₹191.25 lakhs (compared to ₹10.84 lakhs in Q1 FY26)
  • Total income: ₹623.61 lakhs
  • Profit before tax: ₹213.56 lakhs (compared to ₹4.80 lakhs in Q1 FY26)
  • Tax expense: ₹34.87 lakhs (Current tax: ₹35.67 lakhs, Deferred tax: ₹-0.82 lakhs)
  • Net profit: ₹178.71 lakhs (compared to ₹3.80 lakhs in Q1 FY26)
  • Earnings per share (Basic & Diluted): ₹2.43 (compared to ₹0.05 in Q1 FY26)
  • Paid-up equity share capital: ₹147.10 lakhs (face value ₹2 each)

Consolidated Financial Results (Q1 FY27)

  • Revenue from operations: ₹446.71 lakhs
  • Other income: ₹191.10 lakhs
  • Total income: ₹637.81 lakhs
  • Profit before tax: ₹207.25 lakhs
  • Tax expense: ₹34.20 lakhs (Current tax: ₹35.07 lakhs, Deferred tax: ₹-0.88 lakhs)
  • Net profit: ₹172.45 lakhs
  • Earnings per share (Basic & Diluted): ₹2.35

Annual General Meeting

The 41st Annual General Meeting of shareholders will be convened on Monday, September 28, 2026, at 11:30 AM (IST) through Video Conferencing/Other Audio Visual Means.

Dividend Record Date

The Board fixed September 21, 2026, as the Record Date for determining entitlement of members for payment of Final Dividend for Financial Year 2025-26, subject to shareholder approval. This follows the previous intimation dated May 29, 2026.

Director Reappointment

The Board approved the reappointment of Mr. Srinivasan Vasudevan (DIN: 01567080) as an Independent Director for a second term of five consecutive years, commencing from November 13, 2026, subject to shareholder approval.

Director Profile

Mr. Srinivasan Vasudevan is a chartered accountant with over forty years of experience in finance, accounts, and real estate. He has held significant positions including:

  • Director (Operations) with Embassy Group, responsible for integrated township projects in Chennai
  • Chief Executive (Southern Region) for DLF Group's IT/ITES SEZ launch in Chennai
  • Core team member for property development business launch of Sanmar Group
  • Managing Director of a group company in SICAL

He is not related to any other director or key managerial personnel of the company.

Amalgamation Completion

During the quarter, the Scheme of Merger of Lancor Maintenance and Services Limited (wholly-owned subsidiary) with the Company received approval from the National Company Law Tribunal (NCLT), Chennai.

  • Appointed date: April 1, 2024
  • Effective date: June 3, 2026
  • Accounting method: Pooling of interest method under Ind AS 103
  • Capital reserve created: ₹19.74 lakhs
  • Authorized capital increased to: ₹190.60 lakhs (8,53,00,000 equity shares of ₹2 each)

Comparative figures for previous periods have been restated to reflect this amalgamation.

Warrant Issuance Details

The Company had issued 33,33,330 warrants of ₹30.00 per warrant on April 26, 2025, amounting to ₹999.99 lakhs, convertible into equity shares in 1:1 ratio within 18 months from allotment date. Warrant holders have paid 25% of the issue price, with the balance 75% payable at the time of exercise.

Auditor Review

The financial results were subject to limited review by statutory auditors G.M. Kapadia & Co. (Firm Registration No. 104767W), who issued an unmodified review conclusion.