Board Meeting Details

The meeting commenced at 12:30 PM IST and concluded at 1:40 PM IST at the company's registered office in Chennai.

Key Decisions Approved

1. Unaudited Financial Results: The board approved the unaudited financial results (standalone and consolidated) along with limited review reports for the quarter ended June 30, 2026, pursuant to Regulation 33 of SEBI LODR Regulations.

2. CFO Resignation: The board accepted the resignation of Sri. B. Parameswar as Chief Financial Officer of the company with effect from August 3, 2026.

3. Land Acquisition Case Update: The board took on record an update regarding the company's case for additional compensation pertaining to compulsory acquisition of 3 acres and 16 guntas of land by the Karnataka Government. The matter was referred to the Karnataka Mediation Center by the Hon'ble High Court of Karnataka but has been referred back to the High Court for further proceedings based on a request by the Karnataka Government.

Financial Performance (Standalone - Quarter Ended June 30, 2026)

  • Revenue From Operations: ₹47.23 lakhs (vs. ₹62.24 lakhs in Q1 FY26)
  • Other Income: ₹88.03 lakhs (vs. ₹77.26 lakhs in Q1 FY26)
  • Total Income: ₹135.26 lakhs (vs. ₹139.50 lakhs in Q1 FY26)
  • Total Expenses: ₹187.11 lakhs (vs. ₹131.45 lakhs in Q1 FY26)
  • Loss Before Tax: ₹(51.85) lakhs (vs. profit of ₹8.04 lakhs in Q1 FY26)
  • Net Loss: ₹(51.85) lakhs (vs. profit of ₹8.04 lakhs in Q1 FY26)
  • EPS (Basic): ₹(0.29) (vs. ₹0.04 in Q1 FY26)
  • Paid-up Equity Share Capital: ₹904.15 lakhs (unchanged)

Financial Performance (Consolidated - Quarter Ended June 30, 2026)

  • Revenue From Operations: ₹72.04 lakhs
  • Other Income: ₹833.53 lakhs
  • Total Income: ₹905.57 lakhs
  • Total Expenses: ₹218.40 lakhs
  • Profit Before Tax: ₹687.17 lakhs
  • Tax Expense: ₹206.00 lakhs
  • Net Profit: ₹481.17 lakhs
  • Share of Profit from Associate: ₹2.15 lakhs
  • Total Comprehensive Income: ₹483.32 lakhs
  • EPS (Basic): ₹2.67

Segment Information

The company operates only in one segment: Real Estate Development activities.

Subsidiary and Associate Information

The consolidated results include:

  • Subsidiary: S V Global Finance Private Ltd
  • Associate: The Adyar Property Holdings Company Private Ltd

The subsidiary's unaudited financial results show total revenue of ₹846.24 lakhs and net profit of ₹739.02 lakhs for the quarter ended June 30, 2026.

Auditor Review

M/s. S. Viswanathan LLP, Chartered Accountants (FRN NO 004770S/S200025) issued limited review reports for both standalone and consolidated financial results, stating that nothing has come to their attention suggesting material misstatement or non-compliance with SEBI LODR Regulation 33 requirements.