Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Year ended March 31, 2026
Nature of Filing / Announcement: Outcome of Board Meeting and Audited Financial Results under SEBI LODR Regulations
Date of Board Meeting / Approval: May 26, 2026
Audit Opinion: Unmodified opinion on standalone results; Qualified opinion on consolidated results.
Auditor’s Comment: Emphasis of Matter on standalone results regarding provision for ICD. Basis for Qualified Opinion on consolidated results concerning share of profit from an associate (Oswal Greentech Ltd) due to non-provisioning of interest income and unconfirmed ICDs/advances.
Key Financial Highlights [₹ in Lakhs]
Standalone Results:
Revenue from Operations (FY26): ₹1,925.75 (FY25: ₹16,176.69)
Total Income (FY26): ₹3,757.42 (FY25: ₹17,368.38)
Net Profit/(Loss) (FY26): ₹861.98 (FY25: ₹10,882.44)
EPS (FY26): ₹0.64 (FY25: ₹8.11)
Other Equity (as of Mar 31, 2026): ₹58,345.54
Cash and Cash Equivalents (as of Mar 31, 2026): ₹6,706.57
Debt: Not explicitly disclosed as a separate line item.
Consolidated Results:
Revenue from Operations (FY26): ₹1,925.75 (FY25: ₹16,176.69)
Total Income (FY26): ₹3,757.42 (FY25: ₹17,368.38)
Net Profit/(Loss) attributable to owners (FY26): (₹220.32) (FY25: ₹1,128.36)
EPS (FY26): (₹1.64) (FY25: ₹8.41)
Other Equity (as of Mar 31, 2026): ₹76,277.44
Cash and Cash Equivalents (as of Mar 31, 2026): ₹6,706.57
Debt: Not explicitly disclosed as a separate line item.
Segment-wise Performance [₹ in Lakhs] (Standalone)
Segment Revenue (FY26):
- Investment Activities: ₹1,834.73
- Real Estate: ₹1,905.41
- Trading: ₹0.44
Segment Result - Profit/(Loss) before tax and interest (FY26):
- Investment Activities: ₹1,250.38
- Real Estate: ₹1,320.39
- Trading: ₹0.43
Corporate Actions:
Not Specified
Other Significant Information:
Exceptional Item: A full provision of ₹571.79 lakhs (₹5.72 Cr) was made against an Inter-Corporate Deposit (principal and interest) extended to Eternys Infra Pvt Ltd due to significant uncertainty regarding recoverability.
Transferable Development Rights (TDR): The company received TDRs of 1,06,374.15 sq. mtr. from BMC. Approximately 81,357.47 sq. mtr. were sold as of March 31, 2026.
Associate Company Issues (Consolidated): The qualified opinion relates to the associate, Oswal Greentech Ltd. Issues include an arbitration award dispute leading to non-recognition of interest income (understating PAT by ₹2,086.73 lakh and investments by ₹5,772.67 lakh) and unconfirmed ICDs/real estate advances of ₹1,22,676.83 lakh.