1. Approve the increase in borrowing powers of the Company under Section 180(1)(c) of the Companies Act, 2013, subject to the approval of members of the company. ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ladam Affordable Housing Ltd held its Board Meeting on May 27, 2026, and approved the Standalone and Consolidated Audited Financial Results for Q4 and FY ended March 31, 2026. Standalone revenue was Rs. 15.64 lakhs with a net loss of Rs. 196.28 lakhs, significantly higher than previous year's loss of Rs. 8.19 lakhs due to exceptional provisions of Rs. 178.72 lakhs for impairment of investments and expected credit losses on loans to Ladam Foods Pvt Ltd (subsidiary under strike-off process) and Lacon India Limited (associate). Consolidated revenue was Rs. 25.40 lakhs with a net loss of Rs. 27.51 lakhs. The Board also approved seeking shareholder approval for increasing borrowing powers under Section 180(1)(c) and limits for loans/guarantees/investments under Section 186 of the Companies Act, 2013.
The company is seeking authorization to take on more debt, which could support future growth but also increases financial risk. The large provisions for subsidiary and associate write-offs signal stressed assets that have materially impacted profitability this year.