Submission of outcome of Board meeting held on 12th August, 2025
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The Board approved unaudited financial results for Q1 FY26 (quarter ended 30th June 2025). Revenue from operations jumped sharply to Rs 263.93 lakhs from Rs 17.53 lakhs in Q1 FY25, driven mainly by the Real Estate segment. However, the company slipped into a net loss of Rs 15.85 lakhs versus a small profit of Rs 2.03 lakhs in the same quarter last year. No dividend has been declared. The Board also approved adoption of new Memorandum and Articles of Association, re-appointment of Mr. Gourav as Independent Director for another 5-year term, an increase in remuneration for Managing Director Mr. Naveen Narang, and appointment of M/s Shailendra Roy & Associates as Secretarial Auditor for 5 years. The 44th Annual General Meeting is scheduled for 19th September 2025 via video conferencing.
Strong revenue growth signals business revival or scaling in the Real Estate segment, but the swing to a net loss indicates costs have outpaced top-line gains, so the operational picture remains mixed. No dividend means no income for shareholders in the short term; several items including director re-appointment and MD remuneration hike require shareholder approval at the upcoming AGM.