Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026

Nature of Filing / Announcement: Outcome of Board Meeting - Unaudited Financial Results (Standalone and Consolidated)

Audit Opinion:

The Statutory Auditor, Singhi & Co., issued an unmodified review report on both standalone and consolidated financial results. The review report includes an emphasis of matter regarding the Manesar project compensation claim.

Auditor’s Comment:

The auditor drew attention to Note 5/6 regarding a housing project in Manesar, Gurugram, Haryana. Arbitration proceedings concluded with an award of ₹6,672.44 lakhs in favor of the Company, against which the Company is filing an appeal for further enhancement. The Board considers the aggregate compensation of ₹18,417.43 lakhs (net of provision) recognized in the books as fully recoverable.

Key Financial Highlights [Rs. in Lakhs]:

Consolidated Results:

QUARTER ENDED SEPTEMBER 30, 2026:

  • Revenue from Operations: 12,881.42 (vs. 687.06 in Q2 FY25; vs. 21,712.59 in Q1 FY26)
  • Other Income: 525.56
  • Total Income: 13,406.98
  • Total Expenses: 14,713.13
  • Profit/(Loss) from operations before exceptional items: (1,306.15)
  • Exceptional Items: 0.00
  • Profit/(Loss) before tax: (1,306.15)
  • Tax Expense: Current Tax: 53.19, Earlier years tax: 16.33, Deferred Tax: (1,815.04)
  • Profit/(Loss) after tax and before share of loss in associates: Not Specified
  • Share of loss in associates: 439.36
  • Profit/(Loss) for the period: 439.36
  • EPS Basic: ₹0.15
  • EPS Diluted: ₹0.15

HALF YEAR ENDED SEPTEMBER 30, 2026:

  • Revenue from Operations: 34,594.01 (vs. 8,276.54 in H1 FY25)
  • Other Income: 684.02
  • Total Income: 35,278.03
  • Profit/(Loss) for the period: 2,703.93
  • EPS Basic: ₹0.92
  • EPS Diluted: ₹0.92

Consolidated Balance Sheet as at September 30, 2026:

  • Cash and Cash Equivalents: 8,538.71
  • Other Equity: 1,02,973.97
  • Total Non-Current Borrowings: 1,47,240.71
  • Total Current Borrowings: 33,151.85
  • Total Equity: 1,08,896.11
  • Total Liabilities: 3,65,582.73

Standalone Results:

QUARTER ENDED SEPTEMBER 30, 2026:

  • Revenue from Operations: 56.45 (vs. 177.75 in Q2 FY25; vs. 1,059.00 in Q1 FY26)
  • Other Income: 180.72
  • Total Income: 237.17
  • Total Expenses: 2,632.97
  • Profit/(Loss) from operations before exceptional items: (2,395.80)
  • Exceptional Items: 0.00
  • Profit/(Loss) before tax: (2,395.80)
  • Tax Expense: Deferred Tax: (1,562.73)
  • Profit/(Loss) for the period: (833.07)
  • EPS Basic: (₹0.28)
  • EPS Diluted: (₹0.28)

HALF YEAR ENDED SEPTEMBER 30, 2026:

  • Revenue from Operations: 1,115.45 (vs. 177.75 in H1 FY25)
  • Other Income: 351.93
  • Total Income: 1,467.38
  • Profit/(Loss) for the period: (3,280.03)
  • EPS Basic: (₹1.11)
  • EPS Diluted: (₹1.11)

Standalone Balance Sheet as at September 30, 2026:

  • Cash and Cash Equivalents: 6,008.55
  • Other Equity: 1,00,317.71
  • Total Non-Current Borrowings: 41,431.98
  • Total Current Borrowings: 35,689.21
  • Total Equity: 1,06,219.64
  • Total Liabilities: 1,81,926.98

Segment-wise Performance:

The Group operates in a single business segment, i.e., Real Estate business. There are no reportable geographical segments.

Corporate Actions:

Not Specified

Other Significant Information:

Manesar Project Matter: Pursuant to a Scheme of Demerger effective in FY 2020-21, a residential group housing project located in Manesar, Gurugram (Haryana) was vested in the Company. The project was compulsorily acquired by HSIIDC. An initial compensation of ₹1,168.00 lakhs (net of customer advances of ₹10,318 lakhs) was awarded in FY 2018-19. The Company filed an appeal, and the matter was referred to arbitration. Arbitration concluded with an award of ₹6,672.44 lakhs in favor of the Company. The Company is filing an appeal for further enhancement. The Board considers the aggregate compensation of ₹18,417.43 lakhs (net of provision) recognized in the books as fully recoverable.