Announced Mon, 14 Jul · 18:46 IST

Appointment of Company Secretary and Compliance Officer

Management Changes View source PDF

Price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Citadel Realty's board, meeting on July 14, 2025, approved unaudited Q1 FY26 results (quarter ended June 30, 2025) with standalone net profit rising to Rs. 39.60 lakhs (up ~28% from Rs. 31.00 lakhs in Q1 FY25) on total income of Rs. 98.93 lakhs. Consolidated net profit came in at Rs. 40.60 lakhs, and basic EPS stood at Rs. 0.48 (standalone). The board declared an interim dividend of Rs. 0.50 per equity share (5% on face value of Rs. 10), with a record date of July 18, 2025, and payment to be made by August 4, 2025. Additionally, Mr. Raj Kukreja was appointed as Whole Time Company Secretary and Compliance Officer, and Mr. Ashish Mehta was appointed as Internal Auditor for FY 2025-26. The company remains primarily focused on real estate.

Likely market impact

The double-digit profit growth and maiden interim dividend are mildly positive signals for shareholders, indicating healthy profitability and capital returns despite the company's small scale. The key managerial and internal auditor appointments strengthen governance but are routine in nature with no immediate stock price catalyst expected.