Announced Fri, 19 Jun · 14:09 IST

Board approves Directors Report for FY26; profit drops sharply, no dividend

Board & Shareholder Meetings View source PDF

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-2.4%1-day move

₹62.99

prior close

₹62.05

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AI summary

The board of Lake Shore Realty (formerly Mahaan Foods) met on 19 June 2026 and approved the Directors Report for FY ending 31 March 2026. Total revenue stood at Rs 131.46 lakhs against Rs 135.80 lakhs in the previous year. Net profit fell sharply to Rs 16.41 lakhs from Rs 72.85 lakhs. No dividend was recommended. The company recently shifted from dairy and pharma products to real estate, infrastructure, hospitality, healthcare and warehousing. Its name changed from Mahaan Foods to Lake Shore Realty in April 2025. The board saw a major overhaul in August 2025 with new directors taking charge.

Likely market impact

Sharp profit decline and no dividend may worry shareholders, but business pivot to real estate marks a strategic reset worth watching.