Financial Results - Consolidated (Q1 FY27)

Income Statement (₹ in millions):

  • Revenue from operations: ₹5,519.89 (Q1 FY26: ₹8,656.69; Q4 FY26: ₹11,072.66)
  • Other income: ₹597.35 (Q1 FY26: ₹326.83)
  • Total income: ₹6,117.24 (Q1 FY26: ₹8,983.52)
  • Total expenses: ₹6,325.16 (Q1 FY26: ₹8,526.20)
  • Loss before tax, share of joint venture and exceptional items: ₹(207.92) (Q1 FY26 profit: ₹457.32)
  • Share of loss in joint venture: ₹(2.18)
  • Loss before tax: ₹(210.10) (Q1 FY26 profit: ₹457.32)
  • Tax credit: ₹(44.81)
  • Net loss for the period: ₹(165.29) (Q1 FY26 profit: ₹344.35)
  • Total comprehensive loss: ₹(166.88) (Q1 FY26 profit: ₹339.70)

Key Metrics:

  • Earnings per share (basic): ₹(1.18) (Q1 FY26: ₹2.45)
  • Paid-up equity share capital: ₹140.69 million
  • Reserves (other equity): Not specified for current quarter

Segment Performance (₹ in millions):

  • Real estate revenue: ₹5,433.80
  • NBFC revenue: ₹0.75
  • Others revenue: ₹1,924.17
  • Inter-segment revenues: ₹(1,845.53)

Operational Ratios:

  • Debt-Equity ratio: 1.56 (Q1 FY26: 3.22)
  • Current ratio: 1.14 (Q1 FY26: 1.17)
  • Operating margin: -8.10% (Q1 FY26: 3.83%)
  • Net profit margin: -2.99% (Q1 FY26: 3.98%)
  • Interest Service Coverage Ratio: 0.52 (Q1 FY26: 5.24)
  • Debt Service Coverage Ratio: 0.05 (Q1 FY26: 0.28)

Financial Results - Standalone (Q1 FY27)

Income Statement (₹ in millions):

  • Revenue from operations: ₹2,245.24 (Q1 FY26: ₹3,654.28)
  • Other income: ₹697.39 (Q1 FY26: ₹368.33)
  • Total income: ₹2,942.63 (Q1 FY26: ₹4,022.61)
  • Total expenses: ₹3,282.88 (Q1 FY26: ₹3,843.07)
  • Loss before tax: ₹(340.25) (Q1 FY26 profit: ₹179.54)
  • Tax credit: ₹(85.58)
  • Net loss for the period: ₹(254.67) (Q1 FY26 profit: ₹130.23)
  • Earnings per share: ₹(1.81) (Q1 FY26: ₹0.93)

NCD Details

  • Issued 87,500 rated, listed, secured, redeemable Non-Convertible Debentures (NCDs) of face value ₹100,000 each aggregating ₹8,750.00 million to International Finance Corporation (IFC)
  • Interest rate: 11% per annum, payable quarterly
  • Listed on BSE on 17 October 2025
  • Redeemable in twelve equal quarterly instalments from 15 April 2026 to 15 January 2029
  • Secured by first ranking exclusive charge over specified assets of Signatureglobal Business Park Limited and company's rights
  • Security cover requirement: Minimum 1.50x of outstanding principal and interest
  • Market value of secured project land: ₹36,155.00 million as of 30 June 2026
  • Next interest payment due: 15 July 2026
  • Next principal payment due: 15 July 2026

Corporate Actions

Re-appointment of Independent Directors:

1. Mr. Chandra Wadhwa (DIN: 00764576) - Second term of 5 years effective 15th February 2027

  • Profile: Master's in commerce, bachelor's in law, registered insolvency professional, fellow member of ICSI and ICMAI
  • Former President of ICMAI (2007-08), Central Council Member of ICAI (2016-25)
  • First appointed on 15th February 2022

2. Ms. Lata Pillai (DIN: 02271155) - Second term of 5 years effective 15th March 2027

  • Profile: Career banker with 36+ years experience, currently Head of India Capital Markets at JLL Limited
  • Former positions at Yes Bank, Edelweiss group, Deutsche Bank AG, and ICICI Bank/ICICI Limited
  • First appointed on 15th March 2022

3. Mr. Venkatesan Narayanan (DIN: 00765294) - Second term of 5 years effective 15th March 2027

  • Profile: Bachelor's in commerce, intermediate ICSI, 35+ years in management and consulting
  • Former Senior VP at Centrum Infrastructure and Realty Limited, independent director at Industrial Investment Trust Limited
  • First appointed on 15th March 2022

All appointments subject to shareholder approval at ensuing Annual General Meeting.

Appointment of Cost Auditor:

  • M/s. Goyal, Goyal & Associates, Cost Accountants (FRN: 000100) appointed as Cost Auditor for FY 2026-27
  • Firm has 24+ years of experience across various industries including auto, dairy, textiles, garments, steel/copper/aluminium

Joint Venture Transaction

  • Entered into Securities Subscription and Purchase Agreement with Millennia Realtors Private Limited (RMZ Group) on 14 February 2026
  • For development of mixed-use project comprising office buildings, hotel(s) and retail space utilizing approximately 3.94 million square feet FSI on Southern Peripheral Road, Gurugram
  • Transaction consummated on 30 March 2026
  • Company transferred 3,569,731 equity shares in GCL to RMZ for cash consideration of ₹567.03 million
  • GCL issued 77,860,538 fresh equity shares at ₹158.84 each to RMZ for aggregate consideration of ₹12,367.71 million
  • Resulting shareholding: Company 50%, RMZ 50%
  • Company recognized realized gain of ₹532.20 million from partial stake sale
  • GCL classified as Joint Venture effective 30 March 2026

ESOP Allotment

  • Allotted 175,335 equity shares upon exercise of Employee Stock Options under Signatureglobal Employee Stock Option Plan 2024
  • Options were granted during quarter ended 30 June 2025 (850,000 stock options with graded vesting over 1-4 years)

Meeting Details

  • Board meeting commenced at 14:43 Hours and concluded at 16:28 Hours on 6th August 2026