Signatureglobal (India) Ltd

Auditor resignations across material subsidiaries

• Intimation under Regulation 30 of the Listing Regulations.
• Walker Chandiok & Co LLP resigned as statutory auditors of three material subsidiaries.
• Subsidiaries affected: Sternal Buildcon Limited, Signature Infrabuild Limited, Signatureglobal Homes Limited.
• Resignations dated 12 August 2026 to align with Signatureglobal (India) Limited, the holding company.
• Alignment aims for consistency and uniform audit across the group.
• Sternal Buildcon Limited appointment date: 25 September 2022 for five years.
• Signature Infrabuild Limited appointment: 19 September 2025; term until 2030.
• Signatureglobal Homes Limited appointment: 19 September 2025; term until 2030.
• Audit Committee comments not required; no concerns reported by subsidiary auditors.
• Annexures I and II contain the detailed disclosures.

Financial Performance

• Tonino Lamborghini branded residence: 12+ acres, >2 mn sq ft; price > Rs 22,000 per sq ft.
• GDV for Tonino Lamborghini project: > Rs 4,000 cr (approx Rs 44 bn).
• Total units ~800; Phase 1 launch ~400 units; ~300+ sold.
• Guidance: new launches worth Rs 150 bn for this year; more in Q3/Q4.
• Pre-sales target: ~Rs 100 bn for the year; ~20% achieved in Q1.
• Realization: Rs 17,000 per sq ft this quarter; last year ~Rs 15,000+.
• Collections: Rs 6.7 bn in this quarter.
• Revenue from completed inventory: expected > Rs 50 bn for the year; completed inventory < Rs 6,000 per sq ft.
• Delivered area: 19 mn sq ft; ~9 mn sq ft remaining to complete over 2–5 quarters.
• Launched since Feb 2024: 23 mn sq ft; GDV ~ Rs 334 bn.

Projects and Portfolio

• Upcoming portfolio: ~17 mn sq ft; 5 mn sq ft commercial with RMZ; 12 mn sq ft to launch.
• Portfolio cash and liquidity: cash ~ Rs 25 bn; net debt ~ Rs 3.9 bn.
• Outside NCR: evaluating opportunities; focus on large-format low-rise, mid-income projects.

Balance Sheet and Cash Flow

• Cash and bank balances ~ Rs 25 bn; net debt ~ Rs 3.9 bn.
• Affordable housing completions largely done; remaining few quarters to finish.
• Completed inventory realization this quarter < Rs 6,000 per sq ft.

Capex and Land

• Land CAPEX outside NCR for the year: Rs 1,500-1,800 crores.
• Strategy: large-format, low-rise developments 100–150 acres; mid-income focus outside NCR.

Outlook and Guidance

• Guidance reaffirmed: new launches worth Rs 150 bn this year.

Q&A Highlights

• Outside-NCR opportunities: evaluating few geographies; possible Dwarka Expressway or SPR.
• SPR ticket size: Rs 5–5.5 crores.
• Monetization cycle: around 50% sold within 3–6 months; ~10% annually until completion.
• Q1 collections Rs 6.7 bn; expect next quarter to improve toward historical ~₹1,100 cr per quarter.
• Cost outlook: 7–8% annual escalation; no inordinate spikes yet.
• Strategy: focus on large-format, low-rise developments outside NCR; mid-income focus.

Financial highlights

• Q1 FY27 pre-sales: INR 19.7 billion, up 25% QoQ.
• Average realization: INR 17,093 per sq ft in Q1 FY27.
• Collections: INR 6.7 billion in Q1 FY27.
• Units sold: 226 in Q1 FY27.
• Area sold: 0.72 million sq ft in Q1 FY27.
• Net debt: INR 3.9 billion.
• Cash and bank balances including fixed deposits: INR 25.22 billion as of 30 Jun 2026.

Strategic developments

• Tonino Lamborghini branded residences collaboration announced; first phase launched at Gurugram SPR Sector 71.
• Phase I has received an overwhelming response from homebuyers.
• First phase on Southern Peripheral Road, Gurugram.

Liquidity and balance sheet

• Net debt: INR 3.9 billion.
• Cash balances provide financial flexibility to support growth.

Outlook and management commentary

• Chairman highlights sustained demand and execution strength.

Q1FY27 highlights

• Pre-sales up 25% QoQ to INR 19.7 bn in Q1FY27.
• Average sales realization rose to INR 17,093 per sq ft in Q1FY27.
• Collections were INR 6.7 bn in Q1FY27.
• Net debt stood at INR 3.9 bn; cash & bank balances 25.22 bn as of 30 Jun 2026.
• Notes: provisional figures and subject to audit; figures net of cancellations.

Independent Director Appointment

• Appointment of Mr. Bharat Bhushan as Independent Director for 5-year term starting 13 May 2026.
• Not liable to retire by rotation.
• First term of five consecutive years.
• Approved via Special Resolution through Postal Ballot on 28 June 2026.
• Subject to Regulation 30 and 51 of SEBI LODR.

Independent Director appointment

• Purpose: Special postal ballot to appoint Bharat Bhushan as Independent Director.
• Outcome: Special resolution approved by requisite majority; 177 in favour, 12 against.
• Vote share: 99.9999% in favour; 0.0001% against.
• Role: Independent Director; term not disclosed.
• Impact: Enhancement of board independence and governance.