The Board of Directors approved the following items:
A) Approval of Audited Financial Statements
- Approved the Audited Financial Statements (Standalone and Consolidated) for the quarter and year ended March 31, 2026, as recommended by the Audit Committee pursuant to Regulation 33.
- The Statutory Auditors, Jain Vinay & Associates, issued audit reports with unmodified opinions on these financial results.
- The results for the fourth quarter represent balancing figures between the audited full-year figures and the published unaudited year-to-date figures up to the third quarter, which were subject to limited review by the auditors.
B) Authorization for Financial Assistance
- Approved granting loans, corporate guarantees, and investments to subsidiary/associate companies under Section 179 of the Companies Act, 2013.
- The approved limit for such transactions is ₹60 crores.
- This authorization is subject to approval by shareholders under applicable provisions of the Companies Act, 2013, if required.
Financial Performance Highlights (Standalone)
For the Year Ended March 31, 2026:
- Total Income from Operations: ₹694.38 crore
- Profit Before Tax: ₹437.88 crore
- Net Profit for the period: ₹438.46 crore
- Total Comprehensive Income: ₹438.51 crore
- Basic and Diluted EPS: ₹74.55
For the Quarter Ended March 31, 2026:
- Total Income from Operations: ₹8.12 crore
- Profit Before Tax: ₹5.86 crore
- Net Profit for the period: ₹6.44 crore
- Total Comprehensive Income: ₹6.49 crore
- Basic and Diluted EPS: ₹1.09
Comparative Performance (Year Ended March 31, 2025):
- Total Income from Operations: ₹3.48 crore
- Loss Before Tax: ₹10.49 crore
- Net Loss for the period: ₹6.93 crore
- Total Comprehensive Income: ₹27.72 crore
- Basic and Diluted EPS: ₹(1.18)
Consolidated Financial Performance
For the Year Ended March 31, 2026:
- Total Income from Operations: ₹694.38 crore
- Profit Before Tax: ₹437.81 crore
- Net Profit for the period: ₹438.29 crore
- Total Comprehensive Income: ₹438.35 crore
- Basic and Diluted EPS: ₹74.53
For the Quarter Ended March 31, 2026:
- Total Income from Operations: ₹8.12 crore
- Profit Before Tax: ₹5.70 crore
- Net Profit for the period: ₹6.27 crore
- Total Comprehensive Income: ₹6.33 crore
- Basic and Diluted EPS: ₹1.07
Comparative Performance (Year Ended March 31, 2025):
- Total Income from Operations: ₹3.48 crore
- Loss Before Tax: ₹19.73 crore
- Net Loss for the period: ₹16.18 crore
- Total Comprehensive Income: ₹18.48 crore
- Basic and Diluted EPS: ₹(2.75)
Key Financial Position (Standalone as at March 31, 2026)
- Total Assets: ₹553.79 crore
- Total Equity: ₹546.71 crore
- Equity Share Capital: ₹58.81 crore
- Other Equity: ₹487.90 crore
- Total Liabilities: ₹7.07 crore
- Cash and Cash Equivalents: ₹1.26 crore
Key Financial Position (Consolidated as at March 31, 2026)
- Total Assets: ₹553.62 crore
- Total Equity: ₹546.55 crore
- Equity Share Capital: ₹58.81 crore
- Other Equity: ₹487.74 crore
- Total Liabilities: ₹7.07 crore
- Cash and Cash Equivalents: ₹1.26 crore
Business Segment Information
The company is engaged primarily in the business of renting of property, which constitutes a single reportable segment. Accordingly, the company is a single segment company in accordance with Ind AS 108 "Operating Segments."
Audit Qualification - Consolidated Results
The auditors noted that financial information relating to White River Properties LLP, considered an associate of the company, was not made available for consolidation due to a pending dispute between partners. Consequently, the investment in this LLP has not been accounted for under the equity method as required under Ind AS 28, and the impact on the consolidated financial statements has not been determined. The audit opinion is not modified regarding this matter.
Additional Information
- The company has regrouped/rearranged previous year's figures wherever necessary.
- The financial results were reviewed by the Audit Committee before Board approval.