Key Quantitative Figures

  • Revenue from operations: ₹2,041.81 lakhs (FY2025-26) vs ₹2,232.97 lakhs (FY2024-25)
  • Other Income: ₹1,953.96 lakhs (FY2025-26) vs ₹1,813.40 lakhs (FY2024-25)
  • Total Income: ₹3,995.77 lakhs (FY2025-26) vs ₹4,046.37 lakhs (FY2024-25)
  • Profit before tax: ₹1,327.93 lakhs (FY2025-26) vs ₹1,827.03 lakhs (FY2024-25)
  • Profit after tax: ₹965.89 lakhs (FY2025-26) vs ₹1,319.92 lakhs (FY2024-25)
  • No dividend recommended for FY2025-26
  • No amount proposed to be transferred to reserves

AGM Details

  • 63rd Annual General Meeting to be held on Friday, August 28, 2026 at 3:00 PM IST
  • Meeting to be conducted through video conferencing/other audio visual means
  • Record date: Friday, August 21, 2026

Ordinary Business Items

1. Adoption of audited financial statements for FY2025-26

2. Re-appointment of Mr. Kurian Arimpur (DIN: 08265692) who retires by rotation

3. Appointment of M/s. Walker Chandiok & Co LLP as Statutory Auditors for 5 years from conclusion of 63rd AGM till conclusion of 68th AGM in 2031 at remuneration of ₹5 lakh per annum plus out-of-pocket expenses

Special Business Items

4. Appointment of Mr. Vikas Jain (DIN: 11383069) as Non-Executive Non-Independent Director (Ordinary Resolution)

5. Appointment of Mr. Sanjay Bahad (DIN: 09066910) as Non-Executive Independent Director for term July 6, 2026 to July 5, 2031 (Special Resolution)

6. Re-appointment of Ms. Ritika Bhalla (DIN: 09668373) as Non-Executive Independent Director for second term July 12, 2027 to July 11, 2032 (Special Resolution)

7. Approval of material related party transactions with Cowtown Infotech Services Limited for aggregate value not exceeding ₹75 crore during FY2026-27 (Ordinary Resolution)

Related Party Transaction Details

  • Proposed transactions with Cowtown Infotech Services Limited (fellow subsidiary):
  • Sale of building materials: ₹25 crore
  • Loans & advances given: ₹50 crore
  • Interest to be charged at SBI fixed deposit rate
  • Transactions to be at arm's length basis
  • Previous transactions with Cowtown in FY2025-26: Sale of building materials ₹19.30 crore
  • Value of proposed transactions as percentage of company's turnover: 367%
  • Value of proposed transactions as percentage of related party's turnover: 2%

Financial Impact

Financial impact of RPTs quantified in disclosure. Remuneration for new auditors represents no material change from retiring auditors' remuneration of ₹7.5 lakh for FY2025-26.

Board and Management Changes

  • Mr. Vikas Jain appointed as Additional Director (Non-Executive Non-Independent) from July 6, 2026
  • Mr. Sanjay Bahad appointed as Additional Director (Independent) from July 6, 2026
  • Ms. Smita Ghag resigned as Director effective November 6, 2025
  • Mr. Bhushan Shah ceased as director upon completion of second term on July 5, 2026
  • Mr. Vinod Shah ceased as director upon completion of first term on July 19, 2026
  • Mr. Rohit Singhvi appointed as CFO effective April 18, 2026 replacing Mr. Rameshchandra Chechani who resigned April 17, 2026

Corporate Developments

  • Company filed application for Scheme of Merger by Absorption with holding company Lodha Developers Limited before NCLT Mumbai Bench on June 11, 2026
  • Company has no ongoing real estate projects and focuses on trading of building and construction materials
  • No active business operations or plans for new real estate development

Voting Arrangements

  • Remote e-voting period: August 25, 2026 (9:00 AM) to August 27, 2026 (5:00 PM)
  • E-voting facility provided by NSDL
  • Scrutinizer: Mr. Shravan Gupta of Shravan A. Gupta & Associates

Capital Structure Impact

No change in authorized or paid-up share capital during FY2025-26. Authorized and paid-up capital remains at ₹20 crore consisting of 2,00,00,000 equity shares of ₹10 each.

Cash Flow Implications

Disclosed financial statements show cash and cash equivalents of ₹1,171.50 lakhs as at March 31, 2026 compared to ₹25.77 lakhs as at March 31, 2025.