Financial Performance Highlights
- Revenue from operations: ₹120.75 lakhs (FY 2024-25: ₹70.91 lakhs)
- Other income: ₹0.00 lakhs (FY 2024-25: ₹1.68 lakhs)
- Total income: ₹120.75 lakhs (FY 2024-25: ₹72.59 lakhs)
- Total expense: ₹140.53 lakhs (FY 2024-25: ₹101.76 lakhs)
- Loss before tax: ₹19.78 lakhs (FY 2024-25: ₹29.17 lakhs)
- Tax expense: ₹10.92 lakhs (MAT credit written off)
- Net loss after tax: ₹30.70 lakhs (FY 2024-25: ₹29.17 lakhs)
- Cash and cash equivalents: ₹5.28 lakhs (FY 2024-25: ₹11.61 lakhs)
- Borrowings from related parties: ₹507.45 lakhs (FY 2024-25: ₹493.35 lakhs)
- Equity share capital: ₹1,000.00 lakhs (unchanged)
- Retained earnings: (₹1,503.46) lakhs (FY 2024-25: (₹1,472.76) lakhs)
Annual General Meeting Details
- Date: Thursday, August 27, 2026 at 11:00 AM IST
- Mode: Video Conferencing / Other Audio-Visual Means
- Deemed venue: One Lodha Place, Near Lodha World Towers, Senapati Bapat Marg, Mumbai-400013
- Cut-off date for voting rights: Thursday, August 20, 2026
- Remote e-voting period: Monday, August 24, 2026 (9:00 AM) to Wednesday, August 26, 2026 (5:00 PM)
Agenda Items
Ordinary Business
1. To adopt Audited Financial Statements for FY 2025-26 with Board's and Auditors' reports
2. To reappoint Ms. Sanjyot Rangnekar (DIN: 07128992) who retires by rotation
3. To appoint Walker Chandiok & Co. LLP as Statutory Auditors for 5 years (FY 2026-27 to 2030-31)
Special Business
4. To reappoint Mr. Raghava Reddy Balineni (DIN: 09185972) as Managing Director for 5 years from May 31, 2026 to May 30, 2031
Auditor Appointment Details
- Current auditors: MSKA & Associates LLP (term ending at 32nd AGM)
- Proposed auditors: Walker Chandiok & Co. LLP, Chartered Accountants (Firm Registration No. 001076N/N500013)
- Proposed remuneration: ₹3,00,000 for FY 2026-27 (same as previous auditor)
- Selection process: Fair tender process followed by comprehensive assessment
Management Changes
- Mr. Raghava Reddy Balineni reappointed as Managing Director for 5 years (no remuneration from company, draws salary from Lodha Developers Limited)
- Ms. Sanjyot Rangnekar retires by rotation and seeks reappointment
Corporate Structure
- Holding company: Lodha Developers Limited (74.25% shareholding)
- Ultimate holding company: Sambhavnath Infrabuild and Farms Private Limited
- No subsidiaries, joint ventures, or associate companies
- Key Managerial Personnel:
- Mr. Raghava Reddy Balineni (Managing Director)
- Mr. Pravin Kumar Kabra (Chief Financial Officer)
- Mr. Gunjan Taunk (Company Secretary & Compliance Officer)
Operational Status
- Company has no ongoing business operations
- NBFC certificate of registration was cancelled in FY 2018-19
- No intention to undertake new business activities
- Revenue primarily from sale of building materials to related parties
Merger Scheme
- Company filed Scheme of Merger by Absorption with Lodha Developers Limited before NCLT Mumbai Bench on June 11, 2026
- Scheme filed under Sections 230-232 of Companies Act, 2013
- Also involves merger with National Standard (India) Limited
Board and Committee Meetings
- 5 Board meetings held during FY 2025-26 (100% attendance by all directors)
- 5 Audit Committee meetings held
- 2 Nomination & Remuneration Committee meetings held
- 1 Stakeholders' Relationship Committee meeting held
- 2 Independent Directors' meetings held
Shareholding Pattern
- Promoter holding: 74.25% (Lodha Developers Limited)
- Public holding: 25.75%
- No change in share capital during the year
Dividend and Reserves
- No dividend recommended due to losses
- No amount transferred to reserves
Important Dates
- Board meeting date for results: April 16, 2026
- Annual Report submission date: July 28, 2026
- AGM notice date: July 17, 2026
- Financial year end: March 31, 2026
Registrar & Share Transfer Agent
MUFG Intime India Private Limited
C 101, 247 Park, LBS Road, Surya Nagar, Gandhi Nagar, Vikhroli West, Mumbai - 400083