Company Overview
Ravinder Heights Limited (Scrip Code: 543251) submitted its Annual Report for FY 2025-26 and conducted its 7th Annual General Meeting on September 26, 2026. The company operates as a Core Investment Company with significant real estate development activities.
Financial Performance
Consolidated Results (₹ crore):
- Revenue from Operations: ₹751.62 crore (FY25: ₹5.73 crore) - driven primarily by ₹750 crore recognition from non-refundable security deposits
- Profit Before Tax: ₹663.07 crore (FY25: Loss of ₹33.26 crore)
- Net Profit: ₹488.91 crore (FY25: Loss of ₹25.37 crore)
- Earnings Per Share: ₹7.97 (FY25: ₹(0.41))
Standalone Results (₹ lakhs):
- Revenue from Operations: ₹141.12 lakhs (flat YoY)
- Loss Before Tax: ₹(72.94) lakhs
- Loss After Tax: ₹(59.22) lakhs
Strategic Developments
The company launched "Bestech City 2," an affordable residential plotted colony project in joint development with Bestech India Private Limited. The project spans 39.43 acres in Sector-89A, Gurugram, Haryana, developed under the DDJAY scheme. Subsidiaries hold 105.62 acres of land in the same location with licenses received in 2021.
Regulatory Compliance Issues
Ravinder Heights faced SEBI penalties totaling ₹1.49 lakh (including GST) for:
- Delayed prior intimation of board meeting (May 27, 2025) by one day
- 32-day delay in obtaining shareholder approval for independent director above 75 years
The company also disclosed contingent liabilities of ₹50.30 crore from ongoing income tax assessments for AY 2015-16, with matters pending with CIT(A).
Corporate Governance & Subsidiaries
Board Composition: 8 directors (2 executive, 6 non-executive including 5 independent)
Key Personnel: Sunanda Jain (CMD), Kamal Lakhani (CFO), Vertika (Company Secretary)
Subsidiaries: Radhika Heights Limited, Nirmala Buildwell Private Limited, Radicura Infra Limited, Sunanda Infra Limited, Cabana Construction Private Limited, Nirmala Organic Farms & Resorts Private Limited
Auditors: M/s Dewan P N Chopra & Co. (Statutory), M/s RAA & Associates LLP (Secretarial)
Related Party Transactions
- Loan from director Radhika Jain: ₹100 lakh at 11.5% interest p.a.
- Rent received from related parties: ₹3.89 lakh
- Interest paid to director: ₹11.50 lakh
- Consultancy payments to related parties: ₹68.74 lakh
Capital Structure
- Equity Share Capital: ₹6.13 crore (613.26 lakh shares of ₹1 each)
- Capital Reserve: ₹244.23 crore
- Retained Earnings: ₹394.42 crore
- 100% shares held in dematerialized form
- No dividend recommended due to inadequate profits at standalone level