Prime Urban Development India Ltd

AGM details

• Date, time, mode: 30 Sep 2026, 11:00 AM, VC/OAVM.
• Quorum met; all directors attended via VC except one independent director.
• Chairman: Purusottamdas Patodia; Audit and Stakeholders Relationship chairs online; statutory and secretarial auditors online.
• E-voting facility open 15 minutes; Scrutinizer appointed for tally.
• Meeting concluded at 11:16 AM.

Key resolutions

• Ordinary: Adoption of Audited Financial Statements (including Consolidated) for FY 2026 — passed.
• Ordinary: Re-appointment of Manoj Kumar Patodia by rotation — passed.

Voting and results

• All resolutions passed with requisite majority; results to be intimated to Stock Exchange and on company site.

Prime Urban Development India Ltd: Trading Window closed from October 1, 2026 till 48 hours after declaration of unaudited financial results for the quarter and half year ending September 30, 2026

Q1 FY27 results

• Board approved standalone and consolidated un-audited results for quarter ended 30 June 2026.
• Standalone revenue from operations Rs 88.20 lakhs; total income Rs 120.24 lakhs.
• Standalone total expenses Rs 135.66 lakhs; PBT and PAT both negative Rs 15.42 lakhs.
• EPS basic/diluted: Rs -0.06 for quarter.
• Consolidated results were un-audited; Limited Review Report attached.
• Two-segment operations: Realty and Trading & Investment; current quarter revenue from Trading & Investment.
• Amalgamation scheme of ATL Textile Processors and Newline Buildtech is under progress.
• Paid-up equity share capital Rs 532.87 lakhs.
• Board meeting started 11:55 am and ended 12:20 pm.
• Revenue for quarter June 30 2026 solely from Trading & Investment; Realty revenue in prior quarters.

Meeting Details

• Scheduled board meeting on August 12, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve Standalone and Consolidated Un-audited Financial results for quarter ended June 30, 2026.

Other Notes

• Trading window closed from July 1, 2026 until 48 hours after results declaration.

Management Change ️

• Mr. Kishor Khandelwal appointed Chief Financial Officer effective February 11, 2026.
• Holds office as per Companies Act, 2013 provisions.
• Finance professional with B.Com and M.Com from University of Mumbai; 6 years with the company.
• Experience in financial management, accounting standards, budgeting, reporting, and statutory coordination.
• No disclosed relationship with other directors.

Financial Results

• Standalone and consolidated unaudited financial results approved for quarter and nine months ended December 31, 2025.
• Limited review of financial results conducted by statutory auditors.

Financial Performance 📊

• Standalone Q3 revenue: Rs 33.72 lakhs; net loss before tax: Rs 15.89 lakhs; EPS: -Rs 0.06.
• Standalone nine months revenue: Rs 153.74 lakhs; net loss before tax: Rs 0.75 lakhs; EPS: -Rs 0.00.
• Consolidated Q3 revenue: Rs 12.59 lakhs; net loss before tax: Rs 16.29 lakhs; EPS: -Rs 0.06.
• Consolidated nine months revenue: Rs 59.36 lakhs; net loss before tax: Rs 4.67 lakhs; EPS: -Rs 0.02.
• Limited review of financial results completed by statutory auditors with no qualifications.

Business Model & Corporate Actions

• Company operates in realty with one reportable segment; added investment and trading as new activities.
• Scheme of amalgamation of two wholly owned subsidiaries effective April 1, 2022, pending approvals.

Risks & Legal Issues ⚠️

• Rs 330 lakhs received in 2007 from Prime Mal Developers treated as non-current liability; legal dispute ongoing.

Management Changes

• Mr. Kishor Khandelwal appointed CFO effective February 11, 2026; finance professional with 6 years company experience.

Financial Performance

• Approved standalone and consolidated unaudited financial results for Q3 and nine months ended December 31, 2025.
• Net loss before tax: Rs. 15.89 lakhs (standalone) and Rs. 16.29 lakhs (consolidated) for Q3 2025.
• Earnings per share (not annualized): Rs. (0.06) standalone and Rs. (0.06) consolidated for Q3 2025.
• Limited Review Report by statutory auditors received for these results.

Corporate Actions

• Scheme of amalgamation of ATL Textile Processors and Nowline Buildtech Pvt Ltd with the company is in progress, effective April 1, 2022, pending regulatory approvals.
• Rs. 330 lakhs received in 2007 from Prime Mal Developers treated as non-current liability; legal dispute ongoing before Sole Arbitrator appointed by Madras High Court.

Appointments

• Mr. Kishor Khandelwal appointed Chief Financial Officer effective February 11, 2026.

Business Segments & Accounting

• Company operates in one reportable segment: realty business; investment and trading added as business activities.
• Financial results prepared as per Indian Accounting Standards (Ind AS 34) and Companies Act, 2013.