Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Financial Year ended March 31, 2026

Nature of Filing / Announcement: Outcome of Board Meeting pursuant to Regulation 33 and 30 of SEBI LODR Regulations

Date of Board Meeting / Approval: May 29, 2026 (Meeting held from 02:30 p.m. to 04:28 p.m.)

Audit Opinion: Unmodified Opinion (Clean)

Auditor’s Comment: Statutory Auditors, M/s. S R B C & Co. LLP, issued audit reports with unmodified opinion on both standalone and consolidated financial results.

Key Financial Highlights [Rs. In Lakhs]

Standalone Results:

Revenue from Operations:

  • Q4 FY26: 4,026 (vs Q4 FY25: 6,265; -35.7% YoY)
  • FY26: 14,125 (vs FY25: 24,165; -41.5% YoY)

Total Income:

  • Q4 FY26: 5,308
  • FY26: 16,907

Net Profit/(Loss):

  • Q4 FY26: (11,858)
  • FY26: (15,368) (vs FY25: (2,527); significant deterioration)

EPS (Face value of Rs.2 each):

  • Q4 FY26 Basic & Diluted: (3.56)
  • FY26 Basic & Diluted: (4.63)

Other Equity:

  • As of Mar 31, 2026: (2,207) (vs Mar 31, 2025: 10,098)

Cash and Cash Equivalents:

  • As of Mar 31, 2026: 1,298 (vs Mar 31, 2025: 4,389)

Debt (from Balance Sheet):

Non-Current Borrowings: 17,166 (Mar 31, 2026) vs 19,758 (Mar 31, 2025)

Current Borrowings: 2,870 (Mar 31, 2026) vs 15,498 (Mar 31, 2025)

Consolidated Results:

Revenue from Operations:

  • Q4 FY26: 4,088 (vs Q4 FY25: 6,309; -35.2% YoY)
  • FY26: 14,321 (vs FY25: 25,774; -44.4% YoY)

Total Income:

  • Q4 FY26: 5,411
  • FY26: 17,167

Net Profit/(Loss) attributable to Owners:

  • Q4 FY26: (11,825)
  • FY26: (15,364) (vs FY25: (3,600); significant deterioration)

EPS (Face value of Rs.2 each):

  • Q4 FY26 Basic & Diluted: (3.56)
  • FY26 Basic & Diluted: (4.63)

Other Equity:

  • As of Mar 31, 2026: 486 (Attributable to Owners) (vs Mar 31, 2025: 13,067)

Cash and Cash Equivalents:

  • As of Mar 31, 2026: 1,610 (vs Mar 31, 2025: 4,671)

Exceptional Items [Non-Recurring]:

Standalone FY26: (14,025) Lakhs

  • Impairment of loans to subsidiaries, joint ventures and associates: (14,025)

Consolidated FY26: (13,208) Lakhs

  • Impairment of loans and investments in equity of Associates & Joint ventures: (13,208)

The impairment primarily relates to the full provision of the carrying value of the exposure to Hem Infrastructure and Property Developers Private Limited (HIPDPL), a Joint Venture entity, due to the initiation of Corporate Insolvency Resolution Process (CIRP).

Segment-wise Performance:

The Company/Group is primarily engaged in the business of real estate development, which is the only reportable segment as per IND AS 108.

Corporate Actions:

Dividend: Not Specified

Share Split/Bonus/Buyback: Not Specified

Other Significant Information:

Labour Code Implementation:

  • The Government notified new Labour Codes on November 21, 2025. The Company has recognized an additional charge of Rs. 166 lakhs under employee benefit expenses for FY26 based on its evaluation.

Capital Transactions:

  • During the year, the Company converted 77,27,000 fully paid-up 0% Unsecured Compulsorily Convertible Debentures (face value Rs. 2 each) into an equivalent number of equity shares on April 16, 2025, at a conversion price of Rs. 44 per share.
  • The Company redeemed and repaid Optionally Convertible Debentures (OCDs) aggregating Rs. 15,000 lakhs, partly funded by redeeming investments in Non-Convertible Debentures (NCDs) of Rs. 11,250 lakhs.

Entities in Consolidation:

  • The consolidated results include the Holding Company, 23 subsidiaries, and 9 joint ventures (as listed in Annexure 1 of the Auditor's Report). HIPDPL is not consolidated w.e.f. July 14, 2025, upon commencement of CIRP.

Auditor: S R B C & CO LLP, Chartered Accountants

Company Secretary and Compliance Officer: Pooja Babul Sutradhar (Membership Number A40807)