The Board at its meeting held today has approved the Unaudited Financial Results for the quarter and nine months ended on 31st December, 2025 which have been subjected to Limited Review ....
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E & E Enterprises (formerly Swastik Safe Deposit & Investments) reported Q3 FY26 results with total income of Rs 4.04 lakhs versus Rs 2.96 lakhs in Q3 FY25, but swung to a net loss of Rs 5.03 lakhs from a profit of Rs 15.63 lakhs a year ago, with EPS of Rs (2.10). For the nine months ended Dec 2025, total income fell to Rs 32.89 lakhs from Rs 64.43 lakhs, and the company posted a small net loss of Rs 0.59 lakhs versus a profit of Rs 43.80 lakhs in the prior year period. The company recently surrendered its NBFC licence to the RBI (cancelled July 24, 2025) and changed its name in October 2025, with its new business focused on hotels, restaurants, and real estate. The auditor (K K Birla & Co.) issued a clean limited review but highlighted the NBFC exit and business transition as an emphasis of matter. Reserves remain substantial at Rs 64,279.38 lakhs.
The company has effectively undergone a business transformation, exiting NBFC operations and re-entering as a real estate/hospitality entity, which explains the sharp drop in income and swing to losses. Shareholders should watch for new revenue streams from the revised business model, while the strong reserves provide a cushion during this transition phase.