Ladam Affordable Housing Ltd

Dematerialisation status

• All dematerialisation requests in the reporting period processed; dematerialised securities listed on exchanges.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification; depository name substituted as registered owner.
• Dematerialised: 600 shares and 2,000 shares during the reporting period.

Ladam Affordable Housing Limited: Trading window closed from 01 October 2026 and opened 48 hours after declaration of Un-audited Standalone and Consolidated Financial Results for the quarter ended 30 September 2026 with the Limited Review Report.

Corrigendum context

• Corrigendum updates typographical errors in the FY2025-26 Annual Report.
• Rectifies errors on Financial Results and Business Results pages 22-23.
• Corrigendum forms integral part of the Annual Report and should be read with it.
• Updated Annual Report available at ladamaffordablehousing.com.
• AGM resolutions unaffected; corrigendum has no impact on resolutions.
• AGM 47th held Aug 19, 2026 via VC/OAVM.

Financial highlights

• Standalone revenue Rs 15,64,078; Consolidated revenue Rs 25,39,520.
• Standalone PAT Rs (1,96,28,061); Consolidated Rs (27,69,150).
• EPS Basic/Diluted Rs (1.072) for 2026.
• Dividend not declared due to losses.

Impairments and de-consolidation

• Impairment of Ladam Foods Pvt Ltd and Lacon India totaling ₹1,78,71,673.
• De-consolidation adjustments recognized in consolidated results.
• Subsidiary STK-2 status: Ladam Foods Under Process; Lacon India not filed.

Subsidiaries and associates

• Subsidiaries/associates include Ladam Homes Pvt Ltd (52.53%), Ladam Foods Pvt Ltd (49.88%), Ladam Flora Pvt Ltd (30.81%).
• Associates include Ladam Steels Ltd (24.49%), Spearhead Metals & Alloys Ltd (20.42%), Lacon India Ltd (associate 38.36%).
• Note: Ladam Foods and Lacon India are under strike-off per MCA filings.

Debt, liquidity and capital structure

• Standalone borrowings: current ₹1,171.1 Lakh; non-current ₹1,102.9 Lakh.
• Consolidated borrowings: current ₹1,127.6 Lakh; non-current ₹1,059.9 Lakh.
• Standalone total assets ₹3,465.2 Lakh; equity ₹2,257.9 Lakh.
• Consolidated total assets ₹4,686.2 Lakh; equity ₹3,378.2 Lakh.

Governance and audit

• Board changes: Pillai resigned Sept 22, 2025; Phadke appointed independent director Sept 18, 2025.
• Secretarial audit flagged promoter shares in physical form; DIR-12 filing underway.
• Key Audit Matters: impairment of Ladam Foods and Lacon India; ₹1,78,71,673; de-consolidation entries.
• Going concern risk noted due to absence of revenue from active operations.
• CSR not applicable; cost records not applicable.

AGM Details

• AGM held on 19 Aug 2026 at 3:30 PM via VC/OAVM.
• Record cut-off date for voting: 12 Aug 2026; total shareholders: 5,628.

Ordinary Business

• Item 1: Adoption of standalone and consolidated financial statements approved.
• Item 2: Re-appointment of director by rotation approved.

Special Business

• Item 3: Borrowing powers increased under the Companies Act approved.
• Item 4: Increase in limits for loans/guarantees/securities approved.

Related Party Transactions

• Items 5–7: Unsecured loans to related parties approved under Section 188.

Voting Outcomes

• All resolutions passed with overwhelming support (in favour ~99.98–99.99%).

Dividend and Auditors

• No dividend proposal reported.
• No auditor appointments or changes disclosed.

AGM details

• Date and time: 19 August 2026, 3:30 PM IST, via VC/OAVM.
• Remote e-voting: Aug 16–18, 2026; Purva engaged; Scrutinizer appointed.
• Statutory auditors issued no disclaimer; secretarial auditors raised two qualifications.
• AGM concluded at 4:02 PM; e-voting closed at 4:17 PM.

Key resolutions

• Ordinary: adoption of audited financial statements approved.
• Ordinary: re-appointment of director retiring by rotation approved.
• Special: borrowing powers increased approved.
• Special: limits for loans, guarantees and investments increased approved.
• Special: unsecured loan to Ladam Steels Limited approved.
• Special: unsecured loan to Ladam Flora Private Limited approved.
• Special: unsecured loan to Spearhead Metals and Alloys Limited approved.

Dividend

• No dividend proposed or declared.

Director changes

• Director re-appointment approved; retires by rotation.

Auditors

• Statutory auditors reported no disclaimer; no appointment changes.

Material related party transactions

• Unsecured loan to Ladam Steels Limited (related party) approved.
• Unsecured loan to Ladam Flora Private Limited approved.
• Unsecured loan to Spearhead Metals and Alloys Limited approved.

AGM Details

• AGM date/time/mode: 19 August 2026 at 3:30 PM via VC/OAVM.
• Voting period: 16-18 August 2026.
• Register of Members closed 13-19 August 2026 (inclusive).
• Cut-off date for voting eligibility: 12 August 2026.

Key Resolutions

• Ordinary: Adopt standalone and consolidated financial statements.
• Ordinary: Re-appointment of director retiring by rotation.
• Special: Increase borrowing powers to Rs 1,000 crores.
• Special: Increase limits for loans/guarantees/securities/investments to Rs 1,000 crores.
• Ordinary: Grant unsecured loan to Ladam Steels Limited up to Rs 25 Lakhs.
• Ordinary: Grant unsecured loan to Ladam Flora Private Limited up to Rs 5 Lakhs.
• Ordinary: Grant unsecured loan to Spearhead Metals and Alloys Limited up to Rs 5 Lakhs.

Voting Results

• Voting results not provided in this filing.

Dividend

• Dividend: Board did not recommend any dividend for FY 2025-26.

Directors & Management

• Jayaprasad Pillai stepped down as Non-Executive Independent Director on 22 Sep 2025.
• Vinayak Ganesh Phadke appointed Independent Director on 18 Sep 2025.
• Hemanshi Lodaya resigned as Company Secretary; Khushbu Yadav appointed CS & Compliance Officer on 01 Dec 2025.
• Ashwin Kumar Sharma to retire by rotation; offers himself for re-appointment.
• Board committees reconstituted on 13 Nov 2025.

Auditors

• Statutory Auditors reappointed for four consecutive years.
• Secretarial Auditor: Ashita Kaul & Associates.
• Internal Auditor: I. P. Mehta & Co.

Material Related Party Transactions

• Ladam Steels Limited unsecured loan up to Rs 25 Lakhs; Audit Committee approved.
• Ladam Flora Private Limited unsecured loan up to Rs 5 Lakhs; Audit Committee approved.
• Spearhead Metals and Alloys Limited unsecured loan up to Rs 5 Lakhs; Audit Committee approved.

Other Material Approvals

• Special Resolution to raise borrowing powers to Rs 1,000 Crores.
• Special Resolution to enable loans/guarantees/securities/investments up to Rs 1,000 Crores.

Meeting Details

• Board meeting scheduled for 22 July 2026 at 05:00 PM in Thane, Maharashtra.

Key Agenda Items

• Un-Audited standalone and consolidated financial results with Limited Review Report for quarter ended 30 June 2026.

Other Notes

• Trading window closed for designated persons till 24 July 2026.

Dematerialisation status

• Dematerialisation requests processed; dematerialised securities listed on exchanges where earlier issues are listed.
• Physical certificates for dematerialisation mutilated and cancelled; depository named as registered owner in records.
• Depository name substituted as registered owner within prescribed timelines.