Approved the Appointment of Internal Auditor Ms. Ranjana Sahani for the FY 2026-27.
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Prime Property Development Corporation Ltd held its Board Meeting on May 30, 2026, and approved the audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. The company reported consolidated total revenue of Rs. 7,604.58 lakhs and total assets of Rs. 5,749.07 lakhs as of March 31, 2026. Statutory auditors Vora & Associates gave an unmodified (clean) opinion for both standalone and consolidated results. The Board appointed Ms. Ranjhana J Sahani, a post-graduate in commerce with expertise in accounts, audit, and risk management, as the Internal Auditor for FY 2026-27. The company operates in a single segment (property development) and has one wholly-owned subsidiary, Sea-King Club Private Limited.
Clean audit opinions indicate no material concerns in financial reporting, which is positive for shareholders. The appointment of a new internal auditor represents routine governance update. The positive cash flow from operations of Rs. 1,230.69 lakhs suggests healthy liquidity.