To consider and approve un-audited financial results (standalone and consolidated) for the quarter and half year ended 30 September 2025 with Limited review report.
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The board approved unaudited financial results for Q2 and H1 FY26, with the limited review report issued by CNK JBMS & Associates (clean, unqualified). Standalone revenue from operations for H1 FY26 grew to ₹189.27 lakhs from ₹160.22 lakhs a year ago, while Q2 FY26 stood at ₹82.78 lakhs (down from ₹87.28 lakhs YoY). A one-time exceptional gain of ₹394.94 lakhs was booked from the sale of a freehold land parcel in Bhiwandi for ₹401 lakhs. Because of this, standalone H1 FY26 swung to a pre-tax profit of ₹366.35 lakhs, but Q2 FY26 standalone still posted a loss (negative EPS of ₹0.52). Consolidated H1 FY26 EPS came in at ₹8.21 versus a loss of ₹1.54 in the same period last year, aided by the associate company Navasasyam Dandekar Pvt Ltd (NDPL) contributing ₹36.56 lakhs share of profit. Total borrowings stood at ₹3.95 crore with no defaults reported. Related party transactions were disclosed, including sale of goods/services worth ₹58.22 lakhs to Actin Technologies India Pvt Ltd (promoter group).
Core leasing operations remain weak — Q2 FY26 standalone posted a loss and revenue is broadly flat to slightly declining, meaning the headline profit swing is entirely driven by a one-off land sale gain, not recurring business. The accepted NDPL buyback and CCPS conversion add some asset rebalancing but ongoing income-tax disputes (AY 2011-12 and 2013-14) remain an overhang until the Vivaad se Vishwas application is settled.