Summary of Key Information:

Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting pursuant to SEBI LODR Regulations 30 and 33

Audit Opinion:

Unmodified conclusion (clean) on both standalone and consolidated financial results for the quarter ended June 30, 2026.

Key Financial Highlights [Indian Rupees in lakhs]:

Standalone Results:

  • Revenue from Operations: ₹0.00 (compared to ₹0.00 in Q1 FY26 and ₹52,913.96 lakhs in FY26)
  • Other Income: ₹228.99 lakhs (compared to ₹695.16 lakhs in Q1 FY26)
  • Total Income: ₹228.99 lakhs (compared to ₹695.16 lakhs in Q1 FY26)
  • EBITDA: Not explicitly disclosed
  • Net Profit/(Loss): ₹(2,168.63) lakhs loss (compared to ₹(621.35) lakhs loss in Q1 FY26)
  • EPS: ₹(0.40) basic and diluted (compared to ₹(0.12) in Q1 FY26)
  • Other Equity: ₹4,13,620.52 lakhs (as of March 31, 2026)
  • Cash and Cash Equivalents: Not specified
  • Debt: Not explicitly disclosed, but Finance Costs were ₹1,586.58 lakhs

Consolidated Results:

  • Revenue from Operations: Not explicitly itemized in provided data
  • Total Income: ₹11,848.18 lakhs
  • EBITDA: Not explicitly disclosed
  • Net Profit/(Loss) attributable to owners: ₹(125.04) lakhs
  • Total Net Profit/(Loss): ₹(132.87) lakhs
  • EPS: ₹(0.02) basic and diluted
  • Other Equity: Not specified for current period

Segment-wise Performance:

The Company/Group is engaged solely in the real estate business, which constitutes its only reportable segment. Accordingly, no segment reporting is applicable.

Corporate Actions:

The Board approved the appointment of M/s. Mehta Chokshi & Shah LLP, Chartered Accountants (Firm Registration No. 106201W/W100598) as Statutory Auditors of the Company for a first term of 5 consecutive years, commencing from the conclusion of the 20th Annual General Meeting (to be held in 2026) until the conclusion of 25th AGM (to be held in 2031), subject to shareholder approval at the ensuing 20th AGM.

M/s. N. A. Shah Associates LLP, the existing Statutory Auditors, will complete their term at the conclusion of the 20th AGM in 2026.

No dividends, share splits, bonus issues, buybacks, or other capital structure changes were announced.

Other Significant Information:

  • The figures for the quarter ended March 31, 2026 are derived figures between audited full-year figures and previously published unaudited year-to-date figures
  • During the previous quarter, the Board approved the acquisition of 9,89,800 Class A equity shares of Bamboo Hotels and Global Centre (Delhi) Private Limited for ₹59,670.49 lakhs and the existing outstanding loan of ₹1,05,889 lakhs from Advent Hotels International Limited, approved by shareholders on April 19, 2026. Pending lender consent, shares are yet to be transferred.
  • One wholly-owned subsidiary (MIG (Bandra) Realtors & Builders Private Limited) entered into an agreement with Adani Goodhomes Private Limited to acquire 95.22% equity shares of Radius Estates and Developers Private Limited for ₹37,283.00 lakhs, with completion expected by December 2027.
  • The Company has not recognized deferred tax assets on unabsorbed depreciation and carry forward losses on prudence basis.
  • The consolidated results include numerous subsidiaries, joint ventures, and associates as detailed in Annexure I of the report.