Key Quantitative Figures and Financial Results

  • Revenue from Operations: ₹2,299.19 lakhs for H1 FY27 (compared to ₹1,691.49 lakhs in H1 FY26)
  • Other Income: ₹18.06 lakhs for H1 FY27
  • Total Income: ₹2,317.25 lakhs for H1 FY27
  • Net Profit: ₹143.98 lakhs for H1 FY27 (compared to ₹116.33 lakhs in H1 FY26)
  • Earnings Per Share (Basic & Diluted): ₹3.57 for H1 FY27
  • Share Capital: ₹403.20 lakhs (40,32,000 equity shares of ₹10 each)
  • Reserves and Surplus: ₹3,881.29 lakhs as of 30th September 2026
  • Long-Term Borrowings: ₹3,434.62 lakhs as of 30th September 2026
  • Short-Term Borrowings: ₹635.19 lakhs as of 30th September 2026
  • Cash and Cash Equivalents: ₹584.55 lakhs as of 30th September 2026
  • Capital Work-in-Progress: ₹2,392.74 lakhs as of 30th September 2026 (includes ₹706.02 lakhs for Bangalore center)

Dates of Action

  • Board Meeting Date: 31st October 2026
  • Financial Period: Half-Year ended 30th September 2026
  • Resignation Effective Date: 30th October 2026 (close of business hours)
  • Cut-off date for Postal Ballot: 30th October 2026
  • Remote e-voting period: 3rd November 2026 to 2nd December 2026
  • Accounting Policy Change Effective: 1st April 2026

Parties Involved

  • Stock Exchange: BSE Limited (SME Platform)
  • Statutory Auditors: M.K. Aggarwal & Company (Firm Registration No. 001411N)
  • Scrutinizer: Advocate Kanika Kimothi (Enrolment No. UK/04/2022) of M/s K&K Associates, Delhi, or failing her, Ms. Deepika Tomar, Company Secretary in Whole-time Practice (CP No. 27943) of M/s Deepika Tomar & Co., New Delhi
  • E-voting Agency: Bigshare Services Private Limited
  • Resigning Employee: Mr. Anurag Gupta, Lead Manager – Facilities (Facilities Head)

Key Decisions and Approvals

1. Financial Results Approval

The Board approved the Un-audited Standalone Financial Results for the Half-Year ended 30th September 2026, including:

  • Statement of Assets and Liabilities
  • Cash Flow Statement
  • Limited Review Report of Statutory Auditors (with unmodified conclusion)
  • CEO & CFO Certificate under Regulation 33(2)(a)
  • Statement of Deviation(s)/Variation(s) under Regulation 32
2. Change in Accounting Policy

The Board approved changing the method of charging depreciation on Property, Plant and Equipment from Written Down Value (WDV) Method to Straight-Line Method (SLM) with effect from 1st April 2026. The financial impact resulted in depreciation being lower by ₹222.94 lakhs during the half year ended 30th September 2026.

3. Resignation of Senior Management

The Board noted the resignation of Mr. Anurag Gupta, Lead Manager – Facilities (Facilities Head), effective from the close of business hours on 30th October 2026. His resignation letter was dated 5th October 2026.

4. Dissolution of Stakeholders Relationship Committee

The Board approved dissolution of the Stakeholders Relationship Committee with effect from 31st October 2026, citing that constitution of such committee is not applicable as the company's equity shares are listed on the SME Platform of BSE Limited and the number of security holders does not exceed one thousand.

5. Alteration of Memorandum of Association

The Board approved alteration of Clause III(A) (Objects Clause) of the Memorandum of Association by amending existing sub-clauses and inserting new sub-clauses 1 to 6, subject to member approval by Special Resolution through Postal Ballot. The new objects include:

  • Flexible, shared and specialised workspaces including co-working, co-living, managed offices
  • Turnkey contracting for development of residential and commercial buildings
  • Value addition, renovation, refurbishment of properties
  • Facility management services
  • Real estate brokerage and consultancy
  • Property and asset management services
6. Increase in Authorised Share Capital

The Board approved increasing the Authorised Share Capital from ₹6,00,00,000 (60,00,000 equity shares of ₹10 each) to ₹12,00,00,000 (1,20,00,000 equity shares of ₹10 each), subject to member approval by Ordinary Resolution through Postal Ballot.

7. Postal Ballot Process

The Board approved the Postal Ballot Notice with Explanatory Statement for seeking member approval for the alteration of MOA and increase in authorized share capital. Bigshare Services Private Limited was appointed to provide remote e-voting facility.

Financial Impact Disclosures

  • The Bangalore center with CWIP of ₹706.02 lakhs remains non-operational due to unresolved issues with the landlord
  • Depreciation charge reduced by ₹222.94 lakhs due to change in accounting policy
  • No deviation or variation in utilization of IPO proceeds (₹3,170.23 lakhs raised on 4th March 2025)
  • Total assets stood at ₹10,764.19 lakhs as of 30th September 2026
  • Net cash flow from operating activities was negative ₹806.31 lakhs for H1 FY27

Capital Structure Impact

The proposed increase in authorized share capital would enable creation of 60,00,000 additional equity shares of ₹10 each ranking pari passu with existing shares, providing capacity for future fundraising activities.

Forward-looking Information

The document does not contain explicit forward-looking guidance or management commentary beyond the stated corporate actions requiring shareholder approval.