Pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we hereby inform you that the Board of Directors of the Company at their ....
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The Board of Directors of Mount Housing and Infrastructure Ltd, a small real estate company based in Coimbatore, held a meeting on September 8, 2025 primarily to schedule its 30th Annual General Meeting for September 30, 2025, approve the Directors' Report for FY ended March 31, 2025, and appoint a scrutinizer for the e-voting process. The accompanying AGM notice reveals a sharp deterioration in financial performance: revenue from operations fell to Rs 0 (from Rs 201.62 lakhs in FY24) because the company had completed all existing projects and could not launch new ones due to unfavorable industry conditions. The company swung from a Rs 8.08 lakh profit after tax in FY24 to a loss of Rs 85.92 lakhs in FY25, with management attributing this to no new project launches. Management indicated that new projects in the pipeline may generate future revenue, but stated that any improvement in productivity and profits is 'not measurable' given volatile real estate conditions. Director Ramesh Chand Bafna is also being reappointed via rotation at the AGM.
Shareholders should view this as a significant red flag – zero operating revenue and a swing to a loss suggest the company's core business has stalled, with management unable to quantify any near-term recovery. Watch for the AGM outcome and any updates on new project launches, as continued losses could raise concerns about the company's ability to sustain operations.