Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Samor Reality Ltd reported deeply negative financial results for FY2026 ending March 31, with a net loss after tax of Rs 681.83 Lacs, a significant deterioration from the Rs 62.71 Lacs loss in FY2025. Revenue from operations was minimal at Rs 2.99 Lacs for Q4 and Rs 23.37 Lacs for the full year, while the cost of land and development rights stood at Rs 1,886.29 Lacs. The company reported negative operating cash flow of Rs 812.82 Lacs for the year. The statutory auditor issued an unmodified (clean) opinion on the financial statements. The board also appointed Mr. Jagdish Vadaliya as Internal Auditor for 3 years and confirmed no default on loans. The company clarified it does not fall under SEBI's Large Corporate category. Note 7 disclosed significant reclassification of expenses between cost of land, employee benefits, and finance costs for presentation purposes.
The company is experiencing severe financial stress with expanding losses and negative operating cash flows. While the auditor gave a clean opinion, the sustainability of operations is questionable given near-zero revenue and heavy reliance on asset disposals and borrowings. Shareholders should monitor the company's ability to monetize its large inventory of Rs 10,015.68 Lacs.