Considered and Approved Standalone Financials along with Audit Report for the year ended 31st March 2026
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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. Total income was Rs. 131.46 lakhs (down from Rs. 135.80 lakhs in FY25), primarily from interest income. Profit after tax declined significantly to Rs. 16.49 lakhs from Rs. 72.85 lakhs in FY25, a drop of about 77%. EPS fell to Rs. 0.47 from Rs. 2.08. The company underwent a change in control during the year with new promoters acquiring a controlling stake and shifting business focus from food to realty. Auditors identified this change in control as a Key Audit Matter. Fixed assets write-off was done as certain assets could not be physically traced after the ownership change. The auditor issued a clean unqualified opinion.
The sharp 77% decline in profit and minimal operating revenue raise concerns about the company's business viability under new management. The Rs. 13.5 crore loan to a related party (Indigo Advisory) and substantial loans/advances of Rs. 1,374.72 lakhs represent significant related party exposure that shareholders should monitor closely.