Meeting Details

The board meeting was held on August 14, 2026, commencing at 4:30 PM and concluding at 5:05 PM.

Financial Results Overview

Standalone Results (₹ in lakhs)

Revenue:

  • Construction and Development of Property: 123.56
  • Hospitality Hotels and Resorts: 332.47
  • Unallocated Corporate Revenue: 167.06
  • Total Revenue: 623.09

Segment Results:

  • Construction and Development of Property: (276.37) loss
  • Hospitality Hotels and Resorts: (54.70) loss
  • Total Segment Result: (331.07) loss

Other Expenses:

  • Finance costs: 11.05
  • Other unallocated expenses: (128.52)
  • Profit before exceptional items and tax: (213.60) loss

Consolidated Results (₹ in lakhs)

Revenue:

  • Construction and Development of Property: 153.56
  • Hospitality Hotels and Resorts: 332.47
  • Unallocated Corporate Revenue: 167.93
  • Total Revenue: 653.96

Segment Results:

  • Construction and Development of Property: (295.12) loss
  • Hospitality Hotels and Resorts: (54.70) loss
  • Total Segment Result: (342.98) loss

Other Expenses:

  • Finance costs: 11.13
  • Other unallocated expenses: (123.52)
  • Profit before exceptional items and tax: (232.43) loss

Subsidiaries and Associates Included in Consolidated Results

Subsidiaries:

  • Prajay Holdings Private Limited
  • Prajay Retail Properties Private Limited
  • Secunderabad Golf and Leisure Resorts Private Limited

Associates:

  • Prajay Properties Private Limited

Legal and Regulatory Matters

NCLT Settlement

In furtherance to mediation proceedings pertaining to disputes between investor entities (White Stock Limited and Belclare Limited) and Prajay Entities including Prajay Engineers Syndicate Limited, a Settlement Agreement has been executed among the parties under the auspices of International Arbitration and Mediation Centre (IAMC), Hyderabad. The compromise terms have been filed before the National Company Law Tribunal (NCLT), Hyderabad, and the cases filed by the investor entities have been disposed off.

Arbitration Proceedings

The Government of Andhra Pradesh (Youth Advancement Tourism & Culture Department, now Government of Telangana) and the Company (including subsidiary Secunderabad Golf and Leisure Resort Private Limited) entered into Lease Agreement and Construction & Management Agreement. The Company invoked the arbitration clause due to issues that arose with the Tourism Department. The Hon'ble High Court appointed Hon'ble S M Rafee (Retired District Judge) as Arbitrator in Arbitration Application No. 86 of 2022 vide order dated July 28, 2022. The arbitration proceedings are in progress.

Segment Reporting

The company has identified two business segments in accordance with Indian Accounting Standard 108:

1. Construction and Development of Property

2. Hospitality Hotels and Resorts

Additional Information

The financial results have been reviewed by the statutory auditors, Karumanchi & Associates, and approved by the Audit Committee and Board of Directors. The results are prepared in accordance with Indian Accounting Standards (Ind-AS) prescribed under the Companies Act, 2013.

Business Environment Note

The company notes that due to economic slowdown and continued recessionary tendencies in the realty sector, realizations from customers are very slow.