Square Four Projects India Ltd

AGM details

• Held on 24-09-2026 at 4:00 PM IST via VC/OAVM.
• Last date for postal ballot receipt: 24-09-2026.
• Record date: 17-09-2026.
• Meeting ended at 4:25 PM; duration about 25 minutes.

Key resolutions

• Resolution 1 (Ordinary): Adopt audited standalone and consolidated financial statements for year ended 31 March 2026.
• Resolution 2 (Ordinary): Re-appoint director retiring by rotation: Somnath Samanta (DIN 02970050).

Voting results

• Resolution 1 passed with near-unanimous in-favour votes (≈99.999%).
• Resolution 2 passed with requisite majority; no significant dissent recorded.

Director changes

• Director Somnath Samanta retires by rotation; re-appointment approved.

AGM details

• AGM held on 24 September 2026 at 04:00 PM IST via VC/OAVM.
• Record date for voting eligibility fixed on 17 September 2026.
• Remote e-voting open Sep 21–23, 2026; votes unblocked Sep 24, 2026.

Resolutions

• Resolution 1: Adoption of audited financial statements approved.
• Resolution 2: Re-appointment of director by rotation approved.

Voting results

• Resolution 1 passed with requisite majority; minority opposition noted.
• Resolution 2 passed with requisite majority; no opposition observed.

Director changes

• Director re-appointment approved (retiring by rotation).

Auditors

• No changes in statutory, secretarial, cost, or internal auditors disclosed.

Square Four Projects India Ltd - Closure of Trading Window from 1 October 2026 until 48 hours after unaudited results for quarter ended 30 September 2026

AGM and annual report details

• AGM 34th scheduled for Sept 24, 2026 at 4:00 PM IST via VC/OAVM.
• Annual report FY2025-26 online at https://www.squarefourgroup.in/Essen_Docoments/Squarefour_Annual%20Report_2025_2026.pdf
• Weblink sent to members without registered emails; update email addresses with depository participants.
• RTA for queries: M/s Niche Technologies Private Limited.
• Encourages Green Initiative; documents available online for shareholders.

Financial performance

• Standalone revenue from operations: 38.43 lakhs; prior year 52.29 lakhs.
• Standalone profit after tax: 9.73 lakhs; EPS 0.05.
• Consolidated revenue: 1.36 lakhs; consolidated PAT: -28.21 lakhs.
• Equity capital: 980.89 lakhs; net worth: 637.73 lakhs; company remains debt-free.
• Inter-corporate loans/financial assets: 556.52 lakhs; cash and cash equivalents: 7.23 lakhs.
• Dividend not proposed for the year; no transfer to reserves.

Capital structure & liquidity

• No borrowings; the company is debt-free.
• Net debt: -7.23 lakhs; net debt to equity: -0.01.
• Current ratio: 64.17; current assets 563.83 lakhs; current liabilities 8.79 lakhs.
• Cash flow: operating outflow 37.74 lakhs; investing inflow 38.43 lakhs; no financing cash flows.
• Consolidated debt: 175.44 lakhs; consolidated net debt: 166.97 lakhs; gearing 0.09.

Dividend & capital allocation

• Dividends: none declared for FY2025-26.
• No transfers to reserves; retained earnings negative at year-end.

Governance & management

• Ms. Sneha Saraswat resigned as Company Secretary w.e.f. 05-03-2026; Ms. Richa Saraf appointed same date.
• Mr. Somnath Samanta seeks re-appointment as director; non-executive non-independent.
• Independent Directors meetings held 31-12-2025; audit and nomination committees in place.

Audit & internal controls

• Auditors: PARV & Associates; qualified opinion due to lack of fair valuation for ₹39.50 lakhs.
• Material weakness in internal financial controls over fair valuation; Audit Committee to address.
• Secretarial audit flagged delay in shareholding pattern filing; fine of Rs 21,240 paid.

Subsidiaries & consolidation

• Wholly owned subsidiary: BRC Construction Co. Private Limited (100%).
• Consolidated statements reflect group; subsidiary contributes to inter-company loans and investments.

Related party transactions

• Remuneration to KMP: 5.59 lakhs; payments to CFO and Company Secretary as disclosed.
• Loans to/from related parties: subsidiary loan receivable 523.07 lakhs; investments 39.50 lakhs.
• Inter-company income: BRC Construction Co. Pvt Ltd interest recorded; related party balances disclosed.

Outlook & key risks

• Going concern dependent on promoter support and regulatory approvals for project revival.
• Concentration risk: 93.99% of inter-corporate loans to a single related party.
• No independent fair valuation for unquoted investments; measurement risk remains.
• Revenue absence implies inherent uncertainty in short-term outlook.

Regulatory disclosures & governance

• Company listed on BSE; ISIN INE716K01020; demat shares mandatory.
• e-voting facility via CDSL/NSDL; AGM through VC/OAVM due to MCA guidelines.
• Secretarial policy and risk management disclosed; CSR not applicable per Act.

Standalone results

• Total income (standalone) Rs 917 lacs.
• Net profit for the quarter Rs 202 lacs.
• Earnings per share: Basic Rs 0.01, Diluted Rs 0.01.
• Paid-up equity share capital Rs 980.89 lacs.
• Board approved the results on 05-Aug-2026.

Consolidated results

• Consolidated results include one subsidiary, BRC Construction Private Limited.

Audit status

• Limited review; qualified conclusion due to fair value measurement of assets.
• Assets aggregating Rs 39.50 lakh require fair value appraisal.
• Audit report by Parv & Associates, Kolkata.

Notes

• Single segment: Real Estate; no separate segment reporting.

Meeting Details

• Date, time, and venue: 5 Aug 2026 at 4:00 PM, Registered Office, 238A A.J.C Bose Road, Kolkata 700020.

Key Agenda Items

• Unaudited financial results (Provisional) for quarter ended 30.06.2026 to be considered.

Other Notes

• Trading window for dealing in the company's securities is closed and will reopen on 10 August 2026.