Financial Results for Quarter Ended June 30, 2026

The Board approved the unaudited financial results for Q1 FY27 (quarter ended June 30, 2026):

  • Total Income: ₹0.00 lakh (compared to ₹29.04 lakh in Q4 FY26 and ₹0.00 lakh in Q1 FY25)
  • Total Expenses: ₹5.97 lakh (compared to ₹7.99 lakh in Q4 FY26 and ₹4.27 lakh in Q1 FY25)
  • Employee benefits expense: ₹1.90 lakh
  • Other expenses: ₹4.07 lakh
  • Loss Before Tax: ₹(5.97) lakh (compared to profit of ₹21.05 lakh in Q4 FY26 and loss of ₹(4.27) lakh in Q1 FY25)
  • Net Loss: ₹(5.97) lakh (compared to net profit of ₹21.05 lakh in Q4 FY26 and net loss of ₹(4.27) lakh in Q1 FY25)
  • Loss Per Share: ₹(0.19) (basic and diluted)
  • Paid-up Equity Share Capital: ₹315.00 lakh (face value ₹10 each)

The financial results were reviewed by MSKA & Associates LLP, Statutory Auditors, who issued an unmodified limited review report.

Board Appointments and Re-appointments

1. Re-appointment of Ms. Ritika Bhalla (DIN: 09668373) as Independent Director for a second term of 5 consecutive years from July 22, 2027 to July 21, 2032, subject to shareholder approval. Profile: Extensive experience in corporate law compliance, due diligence, audit, and account completion. Not related to any other directors and not debarred from directorship.

2. Re-appointment of Mr. Jinesh Shah (DIN: 08847375) as Independent Director for a second term of 5 consecutive years from July 22, 2027 to July 21, 2032, subject to shareholder approval. Profile: Chartered Accountant with over 18 years of experience in corporate taxation, statutory audits, and financial reporting. Partner at G.P. Kapadia & Co. Not related to any other directors and not debarred from directorship.

3. Appointment of Mr. Vikas Jain as Chief Executive Officer effective July 14, 2026. Profile: Chartered Accountant with Bachelor's degree in Commerce from Mumbai University. Brings over 19 years of expertise in retail credit, mortgages, home loan services, credit risk management, and strategic partnerships with financial institutions. Previously Co-Head Debt Finance at Lodha Group since 2013, with prior roles at Kotak Mahindra Prime Limited, ICICI Bank Limited, and Ruchi Soya Industries Limited.

Additional Information

  • The Board meeting commenced at 3:45 PM IST and concluded at 4:15 PM IST on July 14, 2026.
  • The company operates in one reportable segment: Real estate development, confined to India.
  • The company has no subsidiaries, joint ventures, or associate companies.
  • The figures for Q4 FY26 (March 31, 2026) represent balancing figures between audited full-year figures and published year-to-date figures up to Q3 FY26.
  • The intimation is being uploaded on the company's website at www.sanathnagar.in.