Re-appointment of DIPTI ZAVERI & CO., Practicing Company Secretary, as Secretarial Auditor of the Company.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lake Shore Realty Limited held a Board Meeting on May 23, 2026, where the Board approved the audited standalone financial results for Q4 and FY 2025-26, and re-appointed Dipti Zaveri & Co. as Secretarial Auditor for FY 2026-27. For the full year, total income was Rs. 131.46 lakhs (down from Rs. 135.80 lakhs), profit after tax fell to Rs. 16.49 lakhs from Rs. 72.85 lakhs in the prior year, and EPS declined to Rs. 0.47 from Rs. 2.08. The Board also approved a Postal Ballot for appointing Mr. Narendra Kumar Verma as Independent Director and shifting the registered office from Delhi to Maharashtra. The auditors noted that during the year the company underwent a change in control with new promoters acquiring a controlling stake and changing the business focus from Mahaan Foods Limited.
The significant decline in profitability and EPS year-on-year may concern investors, though the company maintains a strong net worth of Rs. 2,037.51 lakhs and adequate cash reserves. The change in control and business focus represents a major strategic shift. The re-appointment of the secretarial auditor is routine and does not indicate any concerns.