Board Meeting Decisions

The Board of Directors meeting commenced at 2:00 PM and concluded at 3:00 PM on August 13, 2026. Key decisions included:

  • Approved unaudited standalone financial results for quarter ended June 30, 2026, along with Limited Review Report
  • Considered retirement of Mr. Ashutosh A. Maheshwari, Whole-Time Director, by rotation at ensuing 32nd AGM
  • Approved re-appointment of Mr. Ashutosh A. Maheshwari as Whole-Time Director for three consecutive years from October 1, 2026 to September 30, 2029 (subject to shareholder approval)
  • Approved Board's Report, Corporate Governance Report, Management Discussion and Analysis Report for FY ended March 31, 2026
  • Decided to hold 32nd Annual General Meeting on Wednesday, September 30, 2026 at 4:00 PM through Video Conferencing/Other Audio-Visual Means
  • Register of Members and Share Transfer Registers will remain closed from September 24, 2026 to September 30, 2026 (both days inclusive) for AGM
  • Fixed Wednesday, September 23, 2026 as cut-off date for remote e-voting for AGM
  • Appointed M/s. M. Maheshwari & Associates, Practicing Company Secretaries, as Scrutinizer for voting process
  • Approved notice convening the 32nd AGM

Financial Results (Quarter Ended June 30, 2026)

Income Statement (₹ in lakh):

  • Revenue from operations: ₹371.13
  • Other income: ₹88.25 (includes ₹77.76 lakh gain on remeasurement of investment at fair value through P&L)
  • Total revenue: ₹459.38
  • Total expenses: ₹325.65
  • Profit before tax: ₹133.73
  • Tax expense: ₹87.69 (Current tax: ₹1.80, Deferred tax: ₹85.84, Earlier year tax: ₹0.05)
  • Profit for the period: ₹46.09
  • Other comprehensive income: ₹0
  • Total comprehensive income: ₹46.09
  • Basic and diluted EPS: ₹0.42 (face value ₹10 per share)
  • Paid-up equity share capital: ₹1,108.85 lakh

Comparative Figures:

  • Q1 FY26 (June 30, 2025): Profit ₹161.54 lakh, Revenue ₹480.94 lakh
  • Q4 FY26 (March 31, 2026): Profit ₹63.91 lakh, Revenue ₹426.29 lakh
  • Full Year FY26: Profit ₹487.61 lakh, Revenue ₹1,865.52 lakh

Segment-wise Performance (₹ in lakh)

Revenue:

  • Real estate: ₹381.56
  • Investment: ₹77.82
  • Total segment revenue: ₹459.38
  • Less inter-segment revenue: ₹0
  • Net revenue: ₹459.38

Segment Results (Profit/Loss before interest and tax):

  • Real estate: ₹196.54
  • Investment: ₹62.59
  • Total segment results: ₹259.13
  • Less: Interest: ₹64.75
  • Less: Other unallocable expenditure: ₹60.65
  • Add: Unallocable income: ₹0
  • Total profit before tax: ₹133.73

Capital Employed (Segment Assets as of June 30, 2026):

  • Real estate: ₹7,549.27
  • Investment: ₹3,262.46
  • Unallocated: ₹11,483.02
  • Total: ₹22,294.75

Debt and Default Position

As of June 30, 2026:

  • Loans/revolving facilities from banks/financial institutions: ₹3,416.92 lakh outstanding
  • Amount of default: NIL
  • Unlisted debt securities (NCDs/NCRPS): NIL outstanding
  • Total financial indebtedness: ₹3,416.92 lakh

Additional Information

  • Financial results reviewed by Audit Committee and approved by Board on August 13, 2026
  • Limited review performed by statutory auditors Arora Banthia & Tulsiyan, Chartered Accountants
  • Previous period figures have been restated/regrouped/reclassified for comparability
  • Investment in unquoted shares valued as of June 30, 2026
  • Company maintains provision for leave encashment and gratuity as per actuarial valuation report dated March 31, 2026, with half-yearly treatment scheduled for September 30, 2026 and March 31, 2027