Appointment of Mr. Himanshu Joshi as Chief Financial Officer of the Company with effect from 13th November, 2025.
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Lake Shore Realty Ltd (formerly Mahaan Foods Ltd) held a board meeting on 13th November 2025 with several key decisions. Mr. Himanshu Joshi, a legal and finance professional with 20+ years of experience across real estate and corporate sectors (previously at Borosil, Blue Star, Peninsula Land), was appointed as the new Chief Financial Officer. Mr. Ankit Singh was also appointed as Company Secretary and Compliance Officer. The board approved standalone unaudited financial results for Q2/H1 FY26 (ended 30 September 2025), reporting total revenue of ₹35.37 lakhs for the half-year and a profit after tax of ₹7.08 lakhs, down sharply from ₹32.92 lakhs in the same period last year. Q2 alone saw a loss of ₹9.89 lakhs versus a profit of ₹27.88 lakhs a year ago. The board also approved shifting the registered office from Delhi to Maharashtra.
The CFO and CS appointments fill key compliance roles, and the registered office shift to Maharashtra (where the auditor is based in Mumbai) signals operational realignment. However, the sharp decline in profitability and near-zero operating revenue continue to highlight weak core business activity, which may concern shareholders.