Outcome of the Board Meeting dated May 29, 2026
GANESHHOU · price
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Ganesh Housing Ltd reported FY2026 audited financial results with significant declines. Standalone revenue dropped to Rs 12,774 Lakhs from Rs 67,802 Lakhs (down 81%), while consolidated revenue fell to Rs 51,137 Lakhs from Rs 95,976 Lakhs (down 47%). Standalone PAT declined to Rs 3,571 Lakhs from Rs 38,045 Lakhs, and consolidated PAT fell to Rs 31,626 Lakhs from Rs 59,806 Lakhs. The Board recommended a dividend of Rs 1.50 per share (15%) for FY2025-26, subject to shareholder approval at the 35th AGM on September 11, 2026. Statutory auditors J.M Parikh & Associates issued unmodified (clean) audit opinions on both standalone and consolidated results. The company also appointed J.B Mistri & Co. as Cost Auditor and Purnesh R. Mehta & Co. as Internal Auditor for FY2026-27.
The sharp revenue and profit decline reflects a challenging year for the real estate developer, though the clean audit opinion and maintained dividend payout signal management confidence. Shareholders can expect the stock to react negatively given the substantial drop in earnings per share (standalone EPS fell from Rs 45.62 to Rs 4.28).