Radhe Developers India Ltd

Remote e-voting window

• Remote e-voting for AGM 2026 opens Sep 16, 2026 at 9:00 a.m.
• Closes Sep 18, 2026 at 5:00 p.m.; cutoff date Sep 13, 2026.
• Members as on the cutoff date can vote online.

Scrutinizer appointment

• Mr. Alkesh Jalan, Practicing Company Secretary, appointed Scrutinizer.

Regulatory basis

• Intimation under Regulation 44 LODR and Section 108 of the Companies Act, 2013.

Book closure for AGM

• Book closure from 13 Sep 2026 to 19 Sep 2026 for AGM on 19 Sep 2026.
• Record date for members not disclosed.

Financial performance

• Revenue from operations: ₹1,110.84 lakh; up from ₹765.81 lakh.
• Total revenue: ₹1,124.36 lakh; up from ₹768.59 lakh.
• PBT: ₹342.75 lakh; up from ₹145.33 lakh.
• PAT: ₹324.35 lakh; up from ₹134.60 lakh.
• Total comprehensive income: ₹324.42 lakh; up from ₹142.36 lakh.
• Dividend declared for year: none; dividend not recommended.

Capital structure & equity

• Authorized capital: ₹100 crore.
• Issued/subscribed and paid-up: ₹54.8881 crore.
• Preferential allotment of 2,51,39,620 equity shares to promoter.
• Listing: approval February 13, 2026; trading approval February 26, 2026.
• Demat: 98.31% of shares; 1.69% physical.
• Promoter holding: 49.69% at year-end; Jahnavi Patel 25.70%, Ashish Patel 23.82%.

Shareholding & major holders

• Top holders: Jahnavi Patel (14,10,88,113 shares), Ashish Patel (13,07,35,560).
• Total shares: 54,88,81,540.
• Dematerialisation: 98.31% in demat; 1.69% physical.

Governance & board

• Board size: 7 directors; 6 Non-Executive, 1 Executive.
• Tushar Patel resigned: 29 May 2025.
• Independent Directors appointed: Dineshsingh Kshatriya and Rajendra Patel in 2025.
• Bharat Pandya completed term: 31 March 2026.

Related party transactions & controls

• Related party transactions disclosed; all at arms' length; prior Audit Committee approvals.
• Remuneration to KMP: Ashish Patel ₹33 L, Pranav Patel ₹3.96 L, Khyati Patel ₹6 L.
• Promoter loans outstanding: Ashish P Patel ₹2,072.43 L; repayments ₹1,525.29 L.
• Salaries payable to promoters: Ashish ₹2.75 L, Pranav ₹0.30 L, Khyati ₹0.50 L.

MD&A & market outlook

• Industry: real estate growth supported by urbanization and infra development in India.
• Segment: single reportable segment—Construction and Real Estate Development.
• Major customers: five customers contributed ₹991.67 lakh, ~89% of revenue in FY2025-26.
• Risks: approvals delays, rising costs, funding constraints, land, monsoon impacts.

Cash flows & liquidity

• Cash from operating activities: ₹291.27 lakh.
• Net financing activities: ₹78.78 lakh.
• Net decrease in cash and cash equivalents: ₹2.71 lakh.

Audits & compliance

• Statutory auditors: S. Parth & Co.; appointed to fill casual vacancy, later regular.
• Secretarial auditor: Jalan Alkesh & Associates; no qualifications.

AGM Details

• 32nd AGM scheduled Sep 19, 2026 at 11:00 AM, at Radhe Acres, Ahmedabad
• Book closure Sep 13–19, 2026 (inclusive)

Ordinary Resolutions

• Adopt Audited Standalone Financial Statements and reports
• Re-appoint Alok Vaidya as Director, retiring by rotation

EGM Resolutions

• Special resolution: promoter loan conversion into equity via 2,51,39,620 shares
• Listing and trading approvals obtained in Feb 2026

Dividend

• Dividend not recommended for FY2025-26

Director Changes

• New Independent Directors appointed: Dineshsingh Kshatriya and Rajendra Patel in 2025
• Tusharkumar Patel resigned May 29, 2025; Bharat Pandya term ended Mar 31, 2026
• Alok Vaidya re-appointment subject to member approval

Auditors & Secretarial

• Statutory auditors appointed Aug 11, 2025 to fill casual vacancy; five-year term thereafter
• Secretarial Auditor Jalan Alkesh & Associates appointed for five years from AGM 2025
• Internal Auditor Kishan Tilva & Co appointed for 2026-27

Related Party Transactions

• No material related party transactions; RPTs at arms length and disclosed
• Promoter-related remuneration and borrowings disclosed; notes cover details

Promoter Equity Action

• Preferential allotment of 2,51,39,620 equity shares to promoter on loan conversion
• Completion Feb 2, 2026; listing and trading approvals secured Feb 2026

Office impact and response

• Registered Office in Shela, Ahmedabad, severely waterlogged after continuous heavy rainfall.
• Premises damage includes electrical systems, computer equipment, data storage facilities, and certain physical records.
• Management is safeguarding records, restoring operations, recovering data, and minimizing business disruption.
• Intimation to local Police Authorities has been filed for information and record-keeping.

Financial results

• Unaudited standalone quarterly results for quarter ended 30 June 2026 approved with Limited Review Report.
• Prepared in accordance with Indian Accounting Standards and SEBI LODR Regulation 33.
• Consolidated financial statements are not applicable.
• Group operations fall under Construction; only reportable segment.

Corporate actions

• Notice of the 32nd Annual General Meeting approved.

Governance & compliance

• Audit Committee reviewed the results prior to Board approval.
• Results prepared under Companies Act 2013 and Indian Accounting Standards.

Meeting Details

• Board meeting scheduled for July 17, 2026; time and venue not disclosed.

Key Agenda Items

• Consider, approve and record unaudited quarterly results for quarter ended June 30, 2026.
• Approve the Notice of the 32nd Annual General Meeting.

Other Notes

• Trading window will open after 48 hours from the announcement of the June 30, 2026 results.

Summary of dematerialisation actions

• Dematerialisation requests were confirmed to depositories (accepted/rejected) for quarter ended 30 June 2026.
• Securities dematerialised have been listed on the exchanges where existing securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled after verification.
• Depository name substituted as registered owner within 15 days.