Board Approval

The Board of Directors approved the following at its meeting held on November 14, 2026:

1. Unaudited Standalone Financial Results for Quarter and Half Year ended September 30, 2026

2. Unaudited Consolidated Financial Results for Quarter and Half Year ended September 30, 2026

Standalone Financial Performance (₹ in Lakh)

Quarter Ended September 30, 2026:

  • Total Income: ₹37.35
  • Revenue from operations: ₹35.28
  • Other income: ₹2.07
  • Total Expenses: ₹54.68
  • Employee benefits expense: ₹21.91
  • Depreciation & amortization: ₹18.85
  • Other expenditure: ₹12.92
  • Loss before tax: ₹(17.33)
  • Tax expense: ₹(3.38) [Deferred tax]
  • Net loss after tax: ₹(13.95)
  • Total comprehensive loss: ₹(13.95)
  • Basic and diluted EPS: ₹(0.02)

Half Year Ended September 30, 2026:

  • Total Income: ₹74.91
  • Revenue from operations: ₹70.66
  • Other income: ₹4.95
  • Total Expenses: ₹108.73
  • Loss before tax: ₹(31.82)
  • Tax expense: ₹(7.05) [Deferred tax]
  • Net loss after tax: ₹(24.77)
  • Total comprehensive loss: ₹(24.77)
  • Basic and diluted EPS: ₹(0.04)

Consolidated Financial Performance (₹ in Lakh)

Quarter Ended September 30, 2026:

  • Total Income: ₹180.81
  • Revenue from operations: ₹1.47
  • Other income: ₹179.34
  • Total Expenses: ₹896.35
  • Employee benefits expense: ₹207.29
  • Depreciation & amortization: ₹86.34
  • Other expenditure: ₹699.82
  • Loss before tax: ₹(715.54)
  • Tax expense: ₹5.15
  • Current tax: ₹1.70
  • Deferred tax: ₹(6.85)
  • Net loss after tax: ₹(710.39)
  • Total comprehensive loss: ₹(710.39)
  • Basic and diluted EPS: ₹(1.18)

Half Year Ended September 30, 2026:

  • Total Income: ₹384.10
  • Revenue from operations: ₹2.81
  • Other income: ₹381.29
  • Total Expenses: ₹1,278.06
  • Loss before tax: ₹(893.96)
  • Tax expense: ₹14.85
  • Current tax: ₹4.42
  • Deferred tax: ₹(18.97)
  • Net loss after tax: ₹(879.11)
  • Total comprehensive loss: ₹(879.11)
  • Basic and diluted EPS: ₹(1.43)

Standalone Financial Position (as of September 30, 2026)

  • Total Assets: ₹36,637.64 lakh
  • Financial Assets: ₹34,008.71 lakh (including investments ₹33,856.49 lakh)
  • Non-Financial Assets: ₹2,628.93 lakh
  • Total Liabilities and Equity: ₹36,637.64 lakh
  • Equity: ₹36,190.59 lakh (Share capital: ₹613.26 lakh, Other equity: ₹35,577.33 lakh)
  • Liabilities: ₹447.05 lakh

Consolidated Financial Position (as of September 30, 2026)

  • Total Assets: ₹35,032.51 lakh
  • Non-Current Assets: ₹8,248.19 lakh
  • Current Assets: ₹26,784.32 lakh (including inventories ₹16,557.59 lakh)
  • Total Equity and Liabilities: ₹35,032.51 lakh
  • Equity: ₹28,112.58 lakh (Share capital: ₹613.26 lakh, Other equity: ₹27,499.32 lakh)
  • Liabilities: ₹6,919.93 lakh

Cash Flow Statements

Standalone (H1 FY27):

  • Net cash used in operating activities: ₹(8.87) lakh
  • Net cash from investing activities: ₹4.18 lakh
  • Net decrease in cash: ₹(4.69) lakh

Consolidated (H1 FY27):

  • Net cash from operating activities: ₹2,379.39 lakh
  • Net cash used in investing activities: ₹(2,837.80) lakh
  • Net cash used in financing activities: ₹(5.77) lakh
  • Net decrease in cash: ₹(464.19) lakh

Subsidiary Information

The consolidated results include:

  • Holding Company: Ravinder Heights Limited
  • Subsidiary: Radhika Heights Limited
  • Subsidiaries of Radhika Heights Limited:
  • Radicura Infra Limited
  • Sunanda Infra Limited
  • Cabana Construction Private Limited
  • Nirmala Buildwell Private Limited
  • Nirmala Organic Farms & Resorts Private Limited

Material Note - Collaboration Agreement

During Q2 FY26, Radhika Heights Limited (wholly owned subsidiary) with its subsidiaries and Bestech India Pvt. Ltd. executed a Second Addendum on September 14, 2025, to the original Collaboration Agreement dated December 10, 2019. The Developer paid:

  • Additional non-refundable security deposit of ₹3,000.00 lakh on September 19, 2025
  • Final tranche of non-refundable security deposit of ₹2,000.00 lakh on November 19, 2025

Revenue recognition from this security deposit:

  • Q2 FY27: ₹Nil
  • H1 FY27: ₹Nil
  • Q2 FY26: ₹5,500 lakh
  • H1 FY26: ₹5,500 lakh
  • FY26: ₹7,500.00 lakh

The company has received ₹4,765.36 lakh from customers under this project as of September 30, 2026.

Auditor Review

Dewan P N Chopra & Co issued limited review reports for both standalone and consolidated financial results, stating nothing came to their attention causing belief that the statements contain material misstatements.

Additional Information

  • The group operates in a single segment: real estate development
  • Previous periods' figures have been regrouped/reclassified where necessary
  • Results are available on BSE, NSE, and company website