Rander Corporation Ltd

AGM Details

• Date and time: 30 September 2026 at 12:30 p.m., in-person meeting.
• Venue: 14115, Madhav-Kripa, Boisar, Palghar, Maharashtra.
• Mode: physical meeting with electronic voting facility.
• Attendance: 18 members attended.
• Voting method: remote e-voting and ballot voting; no show of hands.
• Scrutinizer: M/s Mihen Hatani & Associates appointed.

Ordinary Business

• Adopt Audited Standalone Financial Statements for the year ended 31 March 2026 with report.
• To re-appoint Amit Kumar Rander, retiring by rotation, eligible for re-appointment.

Rander Corporation Ltd — Trading Window closed from Oct 01, 2026 until completion of 48 hours after the communication of unaudited financial results for the quarter ending on September 30, 7026

Overview

• FY2025-26 total income ₹436.53 lakh; YoY rise from ₹160.21 lakh.
• Profit before tax: ₹-191.29 lakh; prior year ₹17.73 lakh.
• Profit after tax: ₹-144.16 lakh; prior year ₹-54.26 lakh.
• Earnings per share: ₹-1.17 (basic/diluted).
• Cash and cash equivalents ₹73.98 lakh; up from ₹35.69 lakh.
• Total assets ₹2,517.53 lakh; slight decline year-on-year.
• Shareholders’ funds ₹2,142.59 lakh.

Financial performance

• Total income of ₹436.53 lakh; NBFC and real estate components included.
• PBT on asset base subdued; significant rise in fair value losses impacted profitability.
• EPS negative; continuing losses driven by market valuations and impairments.
• Total income relative to assets ~17.3% vs 6.09% prior year.
• Cash position improved to ₹73.98 lakh; liquidity situation monitored.

Operations & geography

• Boisar real estate market remains core; ongoing Boisar project progressing.
• Projects in Krishna Nagar and Krishna Residency; geographic focus in Palghar, Panvel, Mumbai.
• NBFC exposure expanded; prudent lending, recovery focus, diversification planned.
• Monetisation of land assets via outright sale or joint development contemplated.

Balance sheet & liquidity

• Borrowings (excl. debt securities) ₹3,760 lakh, down from ₹5,120 lakh.
• Net debt at year-end: ₹4.26 million (negative).
• Total equity shares: 12,337,000; paid-up ₹123.37 crore.
• Investments: ₹10,831.79 lakh; mix of listed/unlisted equity.
• Net cashflow from operations negative; cash outflows outweighed operating receipts.

Dividends & AGM

• Dividend for FY2025-26 not recommended.
• 33rd AGM scheduled 30 Sep 2026; cut-off 23 Sep 2026.
• Remote e-voting from 27-29 Sep 2026; book closure 23-30 Sep 2026.

Governance & risk

• Board: 3 Executive Directors, 3 Independent Directors; four board meetings in FY2025-26.
• Independent Directors met on 13 Feb 2026; governance framework reviewed.
• Whistleblower mechanism active; no complaints received in FY2025-26.
• Secretarial audit by Amita Karia; no observations noted.

Related party transactions

• KMP remuneration: Amitkumar Rander ₹7.2 lakh; Amarchand Rander ₹7.2 lakh.
• Rent paid to relatives of KMP: Namita Rander and Durgadevi Rander ₹0.48 million each.
• Loans and advances to related parties include Rander Hospitality Pvt Ltd and Om Shanti Minerals LLP.
• All related party transactions disclosed and approved as applicable.

Outlook & risks

• Outlook: monetisation of land assets and NBFC diversification slated for sustainable growth.
• Market volatility and regulatory shifts remain key risks; prudent capital deployment planned.
• Management emphasizes cash flow improvement and balance-sheet strengthening amid uncertainty.

AGM Details

• 33rd AGM on Sep 30, 2026 at 12:30 PM, physical meeting at registered office.
• Book closure Sep 23–30, 2026 (inclusive).
• Cut-off date for voting Sep 23, 2026.
• Remote e-voting window Sep 27–29, 2026.

Ordinary Business

• Adopt Audited Standalone Financial Statements for year ended Mar 31, 2026.
• Re-appoint Amit Rander, who retires by rotation.

Director Appointment

• Amit Rander to be re-appointed; DIN 05311426, 40, first appointed 01/05/2024; remuneration Nil.
• Education: BE IT, MBA from IIT Delhi; shares 1,79,201.
• Relation: Son of Amarchand Rander.

Key disclosures

• Unaudited standalone results for quarter ended 30 June 2026 approved with Limited Review Report.
• Audit Committee reviewed results; Board took them on record; Limited Review by statutory auditor.
• Trading window for company securities opens August 17, 2026.
• No separate operating segments; NBFC with no subsidiaries; consolidated reporting not applicable.
• Independent Auditor's Review Report states no material misstatement.
• Results prepared in accordance with Ind AS 34 interim financial reporting.

Dematerialisation processing and listing status

• Securities received for dematerialisation during the period were confirmed to the depositories.
• Securities dematerialised have been listed on the relevant stock exchanges.
• Physical certificates were mutilated and cancelled; depository name substituted as registered owner within prescribed timelines.