Board Meeting Details

The Board of Directors meeting was held on Friday, 13th November 2026, commencing at 3:30 p.m. and concluding at 4:00 p.m. The board considered, approved, and recommended the following:

  • Un-Audited Financial Results of the Company for the half year ended 30th September 2026 along with Limited Review Report of the Statutory Auditors
  • Standalone Statement of Assets and Liabilities for the half year ended 30th September 2026

Financial Results Highlights (Half Year Ended 30th September 2026)

Profit & Loss Statement (Amount in ₹ lakhs):

  • Revenue from Operations: ₹1,500.00
  • Other Income: ₹385.82
  • Total Revenue: ₹1,885.82
  • Employee Benefit Expense: ₹11.58
  • Finance Cost: ₹23.39
  • Depreciation and Amortisation Expense: ₹160.03
  • Other Expenses: ₹195.00
  • Total Expenses: ₹1,690.83
  • Profit before tax: ₹1,690.83
  • Tax Expenses:
  • Current Tax: ₹313.66
  • Deferred tax credit: ₹(11.45)
  • Profit for the period: ₹1,388.62
  • Earnings per Equity Share (Face Value ₹10/- each):
  • Basic: ₹33.38
  • Diluted: ₹33.38

Comparative Figures:

  • Half Year Ended 30th September 2025: Profit of ₹1,260.97 lakh, EPS ₹30.31
  • Year Ended 31st March 2026: Profit of ₹3,175.11 lakh, EPS ₹76.32

Balance Sheet Position (As at 30th September 2026)

Equity and Liabilities (Amount in ₹ lakhs):

  • Share Capital: ₹416.00 (unchanged from 31-Mar-26)
  • Reserves and Surplus: ₹15,238.37 (increased from ₹10,674.64 as at 31-Mar-26)
  • Shareholders' funds: ₹15,654.37 (increased from ₹11,090.64)
  • Long-term borrowings: ₹10.00 (unchanged)
  • Deferred tax liabilities (net): ₹23.93 (increased from ₹16.60)
  • Other long-term liabilities: ₹2,106.00 (increased from ₹2,105.00)
  • Trade payables:
  • MSME: ₹0.32 (decreased from ₹1.46)
  • Others: ₹656.45 (decreased from ₹738.01)
  • Other current liabilities: ₹684.83 (increased from ₹22.84)
  • Short-term provisions: ₹1,341.60 (increased from ₹762.32)
  • Total Equity and Liabilities: ₹19,135.89 (increased from ₹13,984.56)

Assets (Amount in ₹ lakhs):

  • Fixed assets: ₹126.42 (decreased from ₹217.82)
  • Non-current investments: ₹4,955.84 (increased from ₹4,764.39)
  • Deferred Tax Asset: ₹951.38 (decreased from ₹1,591.40)
  • Inventories: ₹350.00 (new position, not present as at 31-Mar-26)
  • Trade receivables: ₹12,040.65 (increased from ₹7,338.97)
  • Short-term loans and advances: ₹711.60 (increased from ₹71.97)
  • Other current assets: ₹13,102.25 (increased from ₹7,410.94)
  • Total Assets: ₹19,135.90 (increased from ₹13,984.56)

Cash Flow Statement (Half Year Ended 30th September 2026)

  • Net cash generated from operating activities: ₹1,601.74
  • Net cash generated from investing activities: ₹581.27
  • Net increase in cash and cash equivalents: ₹2,183.01
  • Cash and cash equivalents at period end: ₹12,724.44 comprising:
  • Current Accounts: ₹28.11
  • Fixed Deposits: ₹12,012.54
  • Cash-in-Hand: ₹0.00

Related Party Transactions Disclosure

The company disclosed the following related party transactions for the half year ended 30th September 2026:

1. Dev land & Limited (Promoter)

  • Transaction: Rent Expenses
  • Value during reporting period: ₹60,00,000.00
  • Closing Balance: ₹9,51,37,721.00
  • PAN: AAECM2637C

2. Dev Thakkar (Managing Director)

  • Transaction: Management/Service
  • Value during reporting period: ₹90,000,000.00
  • Closing Balance: ₹74,61,480.00
  • PAN: MECH2637C

3. Kamlesh Thakkar (Chief Financial Officer)

  • Transaction: Salary paid
  • Value during reporting period: ₹51,37,024.00
  • Closing Balance: ₹73,800.00
  • PAN: ABVPTB664P

4. Vijay Thakkar (Director)

  • Transaction: Managerial Personnel Remuneration to Key
  • Value during reporting period: ₹6,00,000.00
  • Closing Balance: ₹10,00,000.00
  • PAN: AAECH25721

5. Videv Realtors Private Limited

  • Transaction: Other Advance Paid (Repayment)
  • Value during reporting period: ₹69,000.00
  • Closing Balance: Not specified
  • PAN: AMECH2637C

Auditor's Review

Ashok Shyam & Associates, Chartered Accountants (Firm Registration No.: 011223N), issued a limited review report stating that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement. The review was conducted in accordance with SRE 2410 issued by ICAI.

Business Segment Information

The Company's business activity falls within a single primary business segment: Construction, Redevelopment and Leasing of Properties.