78th Annual General Meeting of the Company to be held on September 30, 2025
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Sanathnagar Enterprises Ltd has fixed Tuesday, September 30, 2025 as the date for its 78th Annual General Meeting. Alongside, the board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025), which showed zero revenue from operations and a net loss of ₹4.27 lakhs, compared to a loss of ₹5.44 lakhs in Q1 FY25. Statutory auditor MSKA & Associates issued an unmodified (clean) limited review opinion. The company operates in a single segment — real estate development — and reported negative other equity of ₹(1,561.68) lakhs. A scheme of merger by absorption with its holding company, Lodha Developers Limited (formerly Macrotech Developers), was approved by the board in July 2024 and remains pending necessary approvals.
The AGM is expected to seek shareholder approval on the pending merger with Lodha Developers, which is the most material event for shareholders given the company's zero revenue and accumulated losses. Completion of the merger would effectively delist or absorb this subsidiary into the Lodha Group.