Appointment of Internal Auditor for Financial year 2025-26.
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Citadel Realty and Developers reported its Q1 FY26 (quarter ended June 30, 2025) results alongside other board decisions. Standalone total income rose to Rs. 98.93 lakhs from Rs. 88.33 lakhs in Q1 FY25, and net profit grew to Rs. 39.60 lakhs from Rs. 31.00 lakhs, with EPS at Rs. 0.48 versus Rs. 0.40. The board declared an interim dividend of Re. 0.50 per share (5%) with a record date of July 18, 2025 and payment by August 4, 2025. 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 statutory auditor (Bipin B. Shah & Co.) issued an unmodified limited review report on the results.
Modest improvement in quarterly earnings and a small interim dividend are mildly positive for shareholders, but the company remains very small (total income under Rs. 1 crore per quarter) and the dividend payout is nominal (Re. 0.50 per share). Routine appointments of CS and internal auditor signal normal governance housekeeping rather than any structural change.