Financial Performance Highlights

Consolidated Results (FY2026):

  • Total Income: ₹213.36 crores (Previous year: ₹164.17 crores)
  • Revenue from Operations: ₹190.56 crores (Previous year: ₹145.49 crores)
  • Net Loss: ₹121.85 crores (Previous year: ₹140.39 crores)
  • Basic EPS: ₹(23.85) (Previous year: ₹(31.55))
  • Total Comprehensive Loss: ₹121.18 crores (Previous year: ₹139.18 crores)

Quarterly Consolidated Results (Q4 FY2026):

  • Total Income: ₹72.04 crores
  • Revenue from Operations: ₹65.63 crores
  • Net Loss: ₹19.29 crores
  • Basic EPS: ₹(3.67)

Segment-wise Performance (FY2026):

  • Senior Living: Revenue ₹73.45 crores, Segment Result ₹(0.86) crores
  • Assisted Care: Revenue ₹108.41 crores, Segment Result ₹(112.06) crores
  • Business Investments: Revenue ₹10.88 crores, Segment Result ₹(11.48) crores

Key Corporate Actions

Rights Issue (Completed):

  • Allotment date: May 23, 2025
  • 82,81,973 equity shares of face value ₹10 each at issue price of ₹150 per share
  • Total proceeds: ₹124.23 crores
  • Utilization: ₹65 crores for branding/marketing in Antara Assisted Care, ₹35 crores for working capital, ₹21 crores for general corporate purposes, ₹3.23 crores for issue expenses

Preferential Warrant Allotment:

  • Approved: September 24, 2025
  • 36,19,594 Fully Convertible Warrants at ₹222 per warrant
  • Total amount: ₹80.35 crores
  • 50% consideration (₹40.17 crores) received by September 30, 2025
  • ₹40 crores invested in Antara Senior Living Limited as of March 31, 2026

Exceptional Items

FY2026 Exceptional Items:

  • Profit on sale of Max Tower floors: ₹9.53 crores (net of expenses)
  • Rights issue expenses: ₹1.73 crores
  • Employee benefit provisions due to Code on Wages 2019: ₹2.85 crores (Gratuity ₹2.31 crores + Leave Encashment ₹0.54 crores)
  • Additional donation: ₹0.16 crore

Subsidiary and Joint Venture Updates

Max UK Limited: Dissolved effective May 26, 2026 after strike-off application filed February 13, 2026. Investment already fully provided for in earlier years.

Contend Builders Private Limited (Joint Venture - 62.50%):

  • Paid approximately ₹176 crores to NOIDA Authority to clear outstanding dues
  • Received partial Occupancy Certificate for Antara Noida Phase 1 on May 25, 2026
  • Ban on approvals lifted by NOIDA Authority board in April 2026
  • Process of handing over possession to home buyers to commence
  • Taking steps for extension/revalidation of building plan approvals for Phase 2

Capital Structure

  • Paid-up equity share capital: ₹52.52 crores (Face value ₹10 per share)
  • Shareholding pattern restated for rights issue impact

Cash Flow Statements

Consolidated Cash Flow (FY2026):

  • Net cash used in operating activities: ₹(94.72) crores
  • Net cash used in investing activities: ₹(49.72) crores
  • Net cash from financing activities: ₹148.32 crores
  • Net increase in cash: ₹3.88 crores

Board Meeting Details

  • Meeting held on May 28, 2026
  • Commenced at 16:30 hrs, concluded at 17:35 hrs
  • Audit Committee reviewed results before board approval

Auditor Information

  • Ravi Rajan & Co. LLP, Chartered Accountants
  • ICAI Firm Registration No: 009073N/N500320
  • Signed by Ravi Gujral, Partner (Membership No. 514254)