Financial results for quarter ended 30.09.2025
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The board approved unaudited standalone and consolidated financial results for Q2 and H1 FY26 (ended September 30, 2025). The auditor (G.P. Sharma & Co. LLP) issued a clean review report with no qualifications. The board also approved the disposal of the company's 99% partnership interest in M/s Mark Developers (Surat) to M/s Graceunited Developers Pvt. Ltd. for a token consideration of Rs. 99,000. As of September 30, 2025, the partnership carried a negative net investment of Rs. (150.73) lakhs, indicating accumulated losses exceeded capital, so disposal effectively removes a loss-making entity from the books. Additionally, Mr. Sandeep Gaur (DIN: 05284870) was appointed as Additional Wholetime Director. The transactions are confirmed as not related-party in nature. Standalone profit after tax for H1 FY26 came in at Rs. 35.51 lakhs, a sharp decline compared to the prior-year period.
The disposal of the loss-making partnership stake is a positive cleanup move for shareholders, removing accumulated losses from the books. However, the sharp year-over-year drop in profitability and the token sale value signal weak operating performance, which may weigh on investor sentiment.