Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Citadel Realty and Developers Ltd reported FY 2025-26 audited results with total income of Rs. 393.01 lakhs, up 10.9% from Rs. 354.29 lakhs in the previous year. Net profit after share of profit grew 29.4% to Rs. 150.74 lakhs from Rs. 116.50 lakhs. The Board recommended a final dividend of Rs. 0.50 per share, which combined with the interim dividend of Rs. 0.50 makes total dividend of Rs. 1.00 per share for the year. Statutory auditors issued an unmodified (clean) audit opinion on both standalone and consolidated results. The company also re-appointed Mr. Ashish Mehta as Internal Auditor for FY 2026-27. Notably, cash and cash equivalents declined sharply from Rs. 3.12 lakhs to just Rs. 0.42 lakhs, while borrowings stand at Rs. 1,479.54 lakhs.
The 29.4% PAT growth and clean audit signal financial health, which could be positive for the stock. However, the very low cash position (Rs. 0.42 lakhs) and high borrowings relative to equity may raise concerns about liquidity and financial flexibility for shareholders.