Board Meeting Details
The Board of Directors meeting was held on May 30, 2026. The meeting commenced at 18:00 hours and concluded at 22:30 hours.
Key Approvals
The Board considered and approved the following items:
1. Audited Standalone Financial Results for the year ended March 31, 2026
2. Auditor's Report on the Standalone Financial Results
The company declared that the Statutory Auditors, M/s. GASM DANSR AND CO., Chartered Accountants, Chennai (Firm Registration No: 005986S), have issued their audit reports with an unmodified opinion on both standalone and consolidated financial results.
Financial Results Overview
Standalone Financial Results (Amounts in ₹ Lakhs)
Quarter Ended March 31, 2026:
- Revenue from operations: ₹4,325.92
- Total Revenue: ₹4,359.85
- Total Expenses: ₹3,806.19
- Profit before tax: ₹553.42
- Tax expense: ₹162.16 (Current tax: ₹159.98, Deferred tax: ₹2.18)
- Profit after tax: ₹391.25
- Earnings per share (Basic & Diluted): ₹0.79
Year Ended March 31, 2026:
- Revenue from operations: ₹16,675.19
- Total Revenue: ₹16,766.21
- Total Expenses: ₹15,678.58
- Profit before exceptional items and tax: ₹1,087.63
- Exceptional Items: ₹69.59
- Profit before tax: ₹1,018.04
- Tax expense: ₹306.37 (Current tax: ₹300.70, Deferred tax: ₹5.67)
- Profit after tax: ₹711.67
- Earnings per share (Basic & Diluted): ₹1.43
Consolidated Financial Results (Amounts in ₹ Lakhs)
Quarter Ended March 31, 2026:
- Revenue from operations: ₹4,325.92
- Total Revenue: ₹4,359.85
- Total Expenses: ₹3,806.19
- Profit before tax: ₹553.42
- Tax expense: ₹162.16 (Current tax: ₹159.98, Deferred tax: ₹2.18)
- Profit after tax: ₹391.25
- Earnings per share (Basic & Diluted): ₹0.79
Year Ended March 31, 2026:
- Revenue from operations: ₹16,675.19
- Total Revenue: ₹16,766.21
- Total Expenses: ₹15,678.58
- Profit before exceptional items and tax: ₹1,087.63
- Exceptional Items: ₹69.59
- Profit before tax: ₹1,018.04
- Tax expense: ₹306.37 (Current tax: ₹300.70, Deferred tax: ₹5.67)
- Profit after tax: ₹711.67
- Earnings per share (Basic & Diluted): ₹1.43
Exceptional Items
The company reported an exceptional item of ₹69.59 lakhs for the year ended March 31, 2026, relating to the incremental impact of changes in the new Labour Codes notified by the Government of India on November 21, 2025. This represents a gratuity obligation measured based on the statutory formula under the Payment of Gratuity Act, 1972, and has been recognized as a provision in the Balance Sheet. The company is in the process of establishing an Approved Gratuity Trust Fund with LIC.
Balance Sheet Position (Standalone as of March 31, 2026)
Assets (₹ Lakhs):
- Total Assets: ₹84,066.82
- Non-Current Assets: ₹831.82
- Current Assets: ₹83,235.00
- Inventories: ₹74,716.00
- Trade Receivables: ₹4,363.65
- Cash and Cash Equivalents: ₹281.38
- Loans: ₹2,749.02
Equity and Liabilities (₹ Lakhs):
- Equity Share Capital: ₹4,961.79
- Other Equity: ₹3,770.62
- Total Borrowings: ₹48,052.23 (Non-current: ₹14,012.34, Current: ₹34,039.89)
- Trade Payables: ₹1,100.19
- Other Financial Liabilities: ₹18,078.71
- Advances from Customers: ₹7,136.62
- Current Tax Liabilities: ₹158.24
Cash Flow Statement (Standalone FY26)
- Net cash from operating activities: (₹2,394.62)
- Net cash from investing activities: (₹651.92)
- Net cash from financing activities: ₹3,162.62
- Net increase in cash: ₹116.08
- Cash at beginning: ₹165.30
- Cash at end: ₹281.38
Segment Information
The company operates in a single reportable segment: Real Estate/Construction. Entity-wide disclosures:
- Revenue from domestic customers: ₹16,675.19 lakhs (FY25: ₹15,612.51 lakhs)
- Non-current assets in India: ₹831.83 lakhs
- No single external customer contributed 10% or more of total revenue
Subsidiary Information
The consolidated results include Rainbow Foundations and Real Estates Private Limited, which has not commenced operations for the year ended March 31, 2026. The subsidiary accounts for nil total assets, nil total liabilities, nil total revenue, nil total expenses and nil profit/(loss).