Pursuant to Regulation 20 of LODR, outcome of Board Meeting is attached herewith
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The Board approved unaudited Standalone and Consolidated Financial Results for the half year ended September 30, 2025. Standalone revenue from operations dipped to ₹3,663.29 lakhs from ₹3,917.76 lakhs in H1 FY25 (~6.5% decline), while profit after tax fell to ₹602.70 lakhs from ₹700.13 lakhs (~13.9% decline), largely due to a sharp jump in finance costs (₹130.77 lakhs vs ₹22.18 lakhs). Basic EPS stood at ₹4.35 vs ₹5.80. Net cash flow from operating activities was negative at ₹(308.91) lakhs on a standalone basis. The auditor (SMMP & Company) issued a clean limited review report with no qualifications. The company recently listed on the SME platform on October 1, 2025 after raising ~₹57.7 crore via IPO, which has strengthened reserves and cash balances sharply. The Board also noted receipt of new sales mandates covering 1,385 units across Pune and Mumbai with a Gross Development Value of ~₹1,545 crore and potential revenue of ₹39–43 crore. M/s SKHD & Associates was appointed as Internal Auditor and M/s Ronak Jhuthawat & Co as Secretarial Auditor for FY 2025-26.
First post-listing results show softening in revenue and profitability, though the balance sheet is now much stronger from IPO inflows. The fresh 1,385-unit mandates offer good forward revenue visibility, but negative operating cash flows and rising finance costs are watch points for shareholders.