Eldeco Housing & Industries Ltd

Eldeco Housing & Industries Ltd: Closure of trading window

Meeting details

• Event: Analyst/Investor Meet under Company Update.

AGM details

• Date/time: 23-09-2026, 3:30 PM to 5:05 PM, via VC/OAVM.
• Record date: 16-09-2026; postal ballot last date: 23-09-2026.
• Shareholders on record: 3,814.
• Attendance via VC/OAVM: 3 promoters and 32 public.

Key resolutions

• Item 1: Adopt standalone and consolidated financial statements (Ordinary resolution).
• Item 2: Final dividend of Rs 9 per equity share.
• Item 3: Re-appointment by rotation of Shri Shrikant Jajodia.
• Item 4: Ratify Cost Auditors remuneration for FY ending March 31, 2027.

Voting results

• Resolution 1 passed; in-favour 62,30,537; against 61.
• Resolution 2 passed; in-favour 62,30,537; against 61.
• Resolution 3 passed; in-favour 62,30,537; against 61.
• Resolution 4 passed; in-favour 62,30,537; against 61.

Director changes

• Director by rotation: Shri Shrikant Jajodia re-appointment approved.

Auditor matters

• Cost Auditors remuneration ratified for FY 2027.

AGM details

• AGM held on Wednesday, September 23, 2026 at 3:30 PM IST.
• Conducted via Video Conferencing/Other Audio Visual Means.
• Notice of AGM dated 12 August 2026 was transacted at the meeting.

AGM Details

• Date and time: 23 September 2026, 3:30 p.m. IST; mode: VC/OAVM.

Notice Access

• Notice and Annual Report available on company website, BSE/NSE portals, evoting portal, and RTA site.

Email Registration Cut-off

• Cut-off for email registration: Friday, 28 August 2026.

KYC Update Reminder

• KYC update reminder for physical holders; electronic payments apply if details are incomplete.

AGM Details

• 41st AGM scheduled Sept 23, 2026 at 3:30 PM IST via VC/OAVM.
• Deemed venue: Shop No. S-16, Eldeco Station-1, Faridabad.
• Register closure: Sept 17–23, 2026; record date Sept 16, 2026.
• Remote e-voting: Sept 19–22, 2026; attendance via VC/OAVM.

Key Resolutions

• Adopt standalone financial statements for year ended 31 March 2026.
• Adopt consolidated financial statements for year ended 31 March 2026.
• Declare final dividend of ₹9 per equity share (450%).
• Re-appoint Shrikant Jajodia as Director, retiring by rotation.
• Ratify remuneration of Cost Auditors for FY2026-27 (₹1,00,000).

Dividend

• Final dividend proposed: ₹9 per share; subject to member approval; payout within 30 days.

Director Changes

• Mr. Shrikant Jajodia to be re-appointed as Director (retiring by rotation).

Auditors

• Statutory Auditor: Doogar & Associates; tenure until 42nd AGM (2027).
• Secretarial Auditor: RK Tandon & Associates; five-year term (2025-2030).
• Internal Auditor: Seth & Associates; re-appointed for 2026-2027.
• Cost Auditor: Paliwal & Associates; remuneration ₹1,00,000; ratification.

Other Material Approvals / Related Party

• No material Related Party Transactions proposed/approved at this AGM.

Financial snapshot

• Consolidated total income ₹17,571.70 Lacs; PAT ₹2,428.31 Lacs; EBITDA ₹4,150 Lacs.
• Consolidated EBITDA margin 23.6%; PAT margin 13.8% for FY26.
• Standalone total income ₹16,253.10 Lacs; PAT ₹3,110.06 Lacs; EBITDA ₹4,? (see below).
• Consolidated EPS ₹24.70; final dividend ₹9 per share recommended.
• Net debt is negative ₹10.7488 Cr; net debt to equity is -0.27x.

Operational highlights

• Booking value rose to ₹743.9 Cr; area booked 10.77 lakh sq ft.
• Solano Gardens launched; 5.11 lakh sq ft booked, ₹384.5 Cr value.
• Three new Lucknow land parcels added; ~₹2,000 Cr GDV expansion.
• Deliveries: 2.78 lakh sq ft across 280 homes; revenue mix favoring premium segments.
• Average realization ₹6,909 per sq ft; up from ₹6,568 in FY25.

Capital structure & dividends

• Total consolidated debt ₹15,373.9 Lacs; non-current ₹9,252.1 Lacs; current ₹576.1 Lacs.
• Net debt position: net cash ₹10.75 Cr; net debt/Equity approximately -0.27x.
• Equity capital: ₹1.9666 Cr; five decades of dividend record; final dividend proposed ₹9 per share.
• Consolidated assets approx ₹1,053.2 Cr; equity ₹39.96 Cr; strong liquidity profile.
• Dividend payable within 30 days of AGM; record date 16 Sep 2026.

Projects & pipeline

• FY26 pipeline strengthened with ~₹2,000 Cr GDV via 3 land parcels.
• Five ongoing projects; Solano Gardens is a marquee template expansion.
• 6- to 7-year monetization horizon for pipeline; design/approval phases progressing.

Governance & audit

• Statutory auditors: M/s Doogar & Associates; Secretarial auditors: R K Tandon & Associates.
• FY26 board: Archana Tripathi joined; Rupali Chopra ceased; Pankaj Bajaj reappointed MD for 5 years.
• Independent directors met; board evaluations completed; governance policies published on website.
• Registered office shifted to Haryana; new CIN L45202HR1985PLC132536.

CSR & sustainability

• CSR obligation for FY26: ₹81.92 Lacs; spent ₹36.27 Lacs; ₹45.64 Lacs unspent moved to separate CSR account.
• CSR committee chaired by Harendra Kumar Jaggi; focus areas include education, health, environment.
• CSR policy publicly available; annual CSR report submitted.

Key governance changes & risk

• Board comprised 6 directors; 3 independent; one woman director; MD reappointed for 5 years.
• Internal controls robust; whistleblower policy in place; no material control weaknesses reported.
• Real estate market outlook: premium housing demand supported by policy and urbanization trends.

Other investor-relevant notes

• Solano Gardens’ rapid sell-through validates Eldeco brand and execution capabilities.
• Solano Gardens GDV and land parcels strengthen medium-term development visibility.
• RERA compliance maintained; disclosures on related party transactions as per IND AS 24.

Financial Performance

• Total income Q1 FY27: INR 50.3 crores; EBITDA INR 18.7 crores; PAT INR 15.1 crores.
• EBITDA margin 37.1%; PAT margin 30.0%.
• Bookings Q1 FY27: INR 105.7 crores; area booked 1.26 lakh sq ft.
• Collections INR 131.2 crores; up 68% YoY.
• Construction spend INR 57.8 crores; +47.2% YoY.
• Homes delivered: 52; area 49,400 sq ft.
• Imperia Avenue launched; 44 units; booking value INR 14.6 crores.
• Faith Tower launched at Eldeco Trinity.
• Land expansion: contig >50 acres in Lucknow; approx 15 acres aggregated.
• Legacy inventory ~INR 75 crores; 40-60% to liquidate this year.
• Latitude 27: completion certificate targeted November 2027.
• Latitude 27: 15-20% GDV recognition between Mar–May 2027.
• Solano Gardens: 9.5 acres; 5-acre extension.
• Remainder inventory to liquidate this year; launches this year.
• Pipeline size: 3.4 million sq ft; majority to be launched FY27.
• New land parcel: 50-acre contracted; vertical/horizontal mix under discussion.
• FY27 booking value target: INR 745 crores.

Projects and Pipeline

• Imperia Avenue: 44 units; booking value INR 14.6 crores.
• Imperia Phase 2: approx INR 170-180 crores revenue recognition expected.
• 85% of Q1 FY27 revenue from Imperia Phase 2; margins ~60%.
• Latitude 27: completion certificate targeted November 2027.
• Latitude 27: 15-20% GDV recognition between Mar–May 2027.
• Solano Gardens: 9.5 acres; 5-acre extension.
• Remainder inventory to liquidate this year; launches this year.
• Pipeline size: 3.4 million sq ft; majority to be launched FY27.
• New land parcel: 50-acre contracted; vertical/horizontal mix under discussion.

Outlook and Guidance

• FY27 booking value guidance: INR 745 crores.
• FY28 onwards: pivotal change in trajectory; presales and sales growth expected.
• Capital-allocation options, including buybacks, under active consideration.

Q&A Highlights

• Question on Imperia Phase 2 revenue recognition timing; management expects 170–180 crores.
• 85% of Q1 FY27 revenue from Imperia Phase 2; margins ~60%.
• 75 crores legacy inventory; 40-60% liquidate this year.
• Latitude 27: 15-20% GDV recognition Mar–May 2027.
• 4 million sq ft pipeline; launch within FY27.
• FY27 booking value target: INR 745 crores.
• Open market buybacks and other capital-deployment options under active consideration.