Considered and approved Audited Standalone Financial Results for the quarter and year ended 31st March, 2026 and Re-appointment of Internal Auditor of the Company and Re-appointment of ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lake Shore Realty Limited (formerly Mahaan Foods Limited) reported audited standalone financial results for FY26 ending March 31, 2026. The company posted Profit After Tax of Rs. 16.49 lakhs, a significant decline from Rs. 72.85 lakhs in FY25 (approximately 77% drop). Revenue from operations was minimal at Rs. 0.30 lakhs, with other income (primarily interest income) of Rs. 131.16 lakhs. The company underwent a change in control during the year with new promoters acquiring a controlling stake, changing its name and business focus from food to realty. Net cash from operating activities turned positive at Rs. 0.27 lakhs versus negative Rs. 66.13 lakhs in the previous year. The Board also approved re-appointment of internal and secretarial auditors, and proposed a postal ballot for appointment of an independent director, shifting registered office to Maharashtra, and related party loans under Section 185.
The sharp decline in profitability and near-zero operating revenue suggests the company is essentially a shell with investment income. Shareholders should note the change in control and significant related party loans (Rs. 13.5 crore to Indigo Advisory Private Limited). The postal ballot proposals, especially office relocation and loan approvals, could materially affect minority shareholders.