Announced Sat, 30 May · 17:25 IST

Outcome of Board Meeting

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AI summary

Prime Property Development Corporation Limited's Board approved the audited standalone and consolidated financial results for the quarter and year ended 31st March 2026. The statutory auditors M/s Vora & Associates have issued an unmodified (clean) opinion on both standalone and consolidated results. The company has appointed Ms. Ranjhana J Sahani as Internal Auditor for FY 2026-27. Consolidated total revenue stands at Rs. 7,604.58 Lakhs with total assets of Rs. 5,749.07 Lakhs and net cash inflows from operations of Rs. 1,230.69 Lakhs. Standalone revenue is Rs. 5,826.65 Lakhs. The group operates in a single business segment (property development) and includes wholly-owned subsidiary Sea-King Club Private Limited. The quarter figures for Q4 are balancing amounts between annual audited figures and previously published nine-month figures subject to limited review.

Likely market impact

Clean audit opinions for both standalone and consolidated results indicate no major accounting concerns. Positive operating cash inflows and stable revenue suggest reasonable financial health. Appointment of a new internal auditor may lead to stronger internal controls going forward.