Outcome of the Board Meeting held on Tuesday, August 12, 2025, in accordance provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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The Board of Directors of Sheraton Properties & Finance Ltd approved the unaudited standalone financial results for Q1 FY26 (quarter ended June 30, 2025) at a meeting held on August 12, 2025. The company reported zero revenue from operations and only Rs. 3.83 lakhs of other income, resulting in a total income of Rs. 3.83 lakhs against Rs. 0.43 lakhs in the same quarter last year. Total expenses stood at Rs. 7.06 lakhs (employee cost Rs. 2.64 lakhs, other expenses Rs. 4.42 lakhs), leading to a loss before tax of Rs. 3.23 lakhs and a net loss of Rs. 35 lakhs for the quarter (EPS of Rs. -0.28). The loss narrowed from Rs. 7.29 lakhs reported in Q1 FY25. However, other comprehensive income was Rs. 1,559.65 lakhs, lifting total comprehensive income to Rs. 1,556.30 lakhs, likely reflecting fair-value gains on investments. The statutory auditor issued an unmodified (clean) limited review report with no qualifications.
The company continues to post operating losses with no core revenue, relying on fair-value gains on investments to show overall positive comprehensive income. Shareholders should note the weak operational performance; the cleaner-than-prior-year loss is a small positive but does not change the fundamentally loss-making nature of operations. No immediate dividend, fundraising, or material strategic change was announced in this filing.