Board Meeting held to consider and approve the following : 1) To Consider and approve the unaudited Standalone and Consolidated financial results for the quarter ended December 31, 2025 ....
Awaiting price reaction for this filing.
The board approved unaudited standalone and consolidated financial results for Q3 FY26 (quarter ended December 31, 2025) with an unmodified limited review report from statutory auditor S D P M & Co. On a standalone basis, the company reported total revenue of Rs. 50.19 lakhs (vs Rs. 119.16 lakhs in Q3 FY25) and net profit of Rs. 19.87 lakhs (vs Rs. 104.76 lakhs in Q3 FY25), reflecting a sharp YoY decline. On a consolidated basis, 9-month FY26 net loss stood at Rs. 129.14 lakhs compared to a full-year FY25 profit of Rs. 417.97 lakhs, dragged down by subsidiary Avishkar Keval Kunj Redevelopment Pvt Ltd. The board also approved acquisition of 50% stake in Transcon Businesspark Private Limited and a proposal to raise the investment/loan/guarantee limit to Rs. 100 crore under Section 186, subject to shareholder approval via postal ballot.
Weak operating performance continues — revenue remains nil from operations and profits have collapsed YoY on a standalone basis, while the consolidated entity has slipped into a 9-month loss. The proposed acquisition of a 50% stake in Transcon Businesspark and the expanded Rs. 100 crore investment/loan limit could be positive if value-accretive, but shareholders should watch for dilution of capital and execution risk in the subsidiary business.