Ruby Mills Ltd

Transaction details

• Sale of The Ruby's 33rd-floor commercial premises with parking spaces.
• Agreement date: August 19, 2026; completion date: August 19, 2026.
• Consideration received: Rs 124.08 crore.
• Buyer: Torrent Pharmaceuticals Limited; not part of promoter group.
• Not a related-party transaction; outside Scheme of Arrangement.
• Turnover details not applicable as the property is vacant.

Asset sale

• The Ruby Mills Limited to sell commercial premises on the 33rd floor of The Ruby with parking spaces.
• Agreement date: August 19, 2026; expected completion: August 19, 2026.
• Sale consideration: Rs 124.08 crore.
• Buyer: Torrent Pharmaceuticals Limited; buyer not in promoter group.
• Not a related party transaction; outside Scheme of Arrangement.
• Property is vacant; turnover details not applicable.
• Not a slump sale.

Standalone results

• Standalone revenue from operations for quarter ended 30 June 2026: 5,148.22 lakhs.
• Standalone total income: 10,505.06 lakhs.
• Standalone total expenses: 8,372.08 lakhs.
• Standalone profit before tax: 1,632.08 lakhs.
• Standalone profit after tax: 1,182.49 lakhs.
• Standalone earnings per share (basic/diluted): 3.54.
• Standalone segment revenue: Textiles 5,755.60; Real Estate 3,392.62; total 9,148.22.
• Standalone segment profit before tax: Textiles 198.55; Real Estate 851.37; total 1,049.92.
• Standalone capital employed: Textile 24,222.02; Real Estate 26,728.41; Unallocated 17,560.72; Total 68,511.15.

Consolidated results

• Consolidated revenue from operations for quarter ended 30 June 2026: 9,148.22 lakhs.
• Consolidated segment revenue: Textiles 5,755.60; Real Estate and related 3,392.62; total 9,148.22.
• Consolidated profit before tax: 1,619.39 lakhs.
• Group revenue from subsidiaries Nil; net loss after tax from subsidiaries Rs 12.39 lakhs.
• Consolidated profit after tax for the quarter: 449.30 lakhs.
• Independent Auditor's Review: unmodified opinion on standalone and consolidated results.

Notes & subsidiaries

• Two wholly owned subsidiaries Ruby GreenTech T Private Limited and Ruby GreenTech K Private Limited incorporated on 18 March 2026.
• Comparatives for June 30, 2025 not applicable due to cancellation of development agreement.
• Annexure lists subsidiaries: Ruby GreenTech T Private Limited and Ruby GreenTech K Private Limited.

Key financial results and corporate actions

• Standalone unaudited results for quarter ended 30 June 2026 approved by the Board.
• Consolidated unaudited results for quarter ended 30 June 2026 approved by the Board.
• Audit Committee reviewed and recommended adoption; Board approval date 12 August 2026.
• Two wholly owned subsidiaries formed: Ruby GreenTech T and Ruby GreenTech K (inc. 18 Mar 2026).
• Subsidiaries' results not material to Group; included in annexure.
• Real Estate segment comparability impacted due to cancellation of Development Agreement dated 11 Dec 2025.
• Independent Auditor's Review Reports issued with unmodified opinions for standalone and consolidated results.

Parties and objective

• The Ruby Mills Limited and Mindset Estates Private Limited executed Settlement and Cancellation Agreements.

Purpose details

• The agreements give legal effect to settlement and cancellation of the Development Agreement.

Key terms

• Settlement provides full and final settlement; Cancellation records cessation and cancellation of the Development Agreement.
• No changes to commercial terms, asset allocation, rights, obligations, or financial impact previously disclosed.
• Registration completed with the Office of the Sub-Registrar of Assurances, Mumbai.

Related party status

• There is no related party relationship between the parties.

Impact

• No incremental financial impact expected beyond amounts already disclosed.
• Cancellation ends the Development Agreement, with ongoing rights or obligations governed by registered documents.

Other disclosures

• Registration completed; no new regulatory approvals required beyond registration.
• No conflicts of interest disclosed.