Outcome of the Board Meeting of the Company held on 20th May, 2026 as the attached annexure.
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E & E Enterprises Limited (formerly The Swastik Safe Deposit and Investments Limited) held its Board Meeting on 20th May 2026 and approved the audited financial results for Q4 and the year ended 31st March 2026. The company reported revenue from operations of Rs. 54.49 Lakhs, a massive jump from Rs. 3.00 Lakhs in the previous year. Profit after tax grew to Rs. 17.33 Lakhs from Rs. 11.82 Lakhs in FY2025. The Board recommended a dividend of Rs. 1 per equity share (10% on face value of Rs. 10), subject to shareholder approval. The auditors issued an unqualified opinion with an emphasis of matter highlighting the company's voluntary surrender of its NBFC license to RBI in July 2025 and its transition to a new business model focused on hospitality and real estate. Comparative figures for the previous year have been restated due to this business change.
The stock may see positive sentiment from strong PAT growth and dividend payout, though investors should note the significant business model change from NBFC to hospitality/real estate and the restated financials. The Q4 quarter itself showed a loss of Rs. 9.72 Lakhs, indicating the new business is still in early stages.