In continuation of our letter dated July 22, 2025, we wish to inform you that the Board of Directors of the Company at its meeting held today, has inter-alia considered and approved the followings:
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The Board of Radhe Developers approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations jumped to Rs 514.83 lakhs from just Rs 20.00 lakhs in the same quarter last year, while profit after tax swung to Rs 387.79 lakhs from a loss of Rs 101.85 lakhs earlier. The Board re-appointed Mr. Ashish Patel (DIN: 00228026) as Managing Director designated as CEO for another 5-year term starting January 1, 2026. Additionally, Mr. Rajendra Bholabhai Patel (DIN: 00800183), a Civil Engineer with 25+ years in real estate, was appointed as an Additional Non-Executive Independent Director for five years, subject to shareholder approval. The Board also approved the FY25 Board's Report and the notice for the 31st Annual General Meeting.
Strong quarter-on-quarter turnaround in revenue and profit signals improved business momentum, which is positive for shareholders. Continuity in leadership with the MD/CEO re-appointment brings stability, while the addition of an experienced real estate professional to the Board may strengthen governance and project oversight ahead of the AGM.