SSPDL Ltd

AGM overview

• SSPDL held its 32nd AGM on 29 September 2026 via video conference.
• Total shareholders on record: 3,489; attendees: 26 (promoters 5, public 21).

Adoption of financial statements

• Ordinary resolution to adopt standalone and consolidated FY2026 financials.
• Votes polled: 65,45,688; assent 62,33,663 (95.23%); dissent 3,12,025 (4.77%).

Director reappointment

• Ordinary resolution for reappointment of Sri E. Bhaskar Rao (retiring by rotation).
• Votes polled: 65,45,688; assent 62,33,583 (95.23%); dissent 3,12,105 (4.77%).

Related-party revolving loan

• Ordinary resolution to avail revolving loan facility from Sri Prakash Challa (related party).
• Votes polled: 6,91,714; assent 3,79,609 (54.88%); dissent 3,12,105 (45.12%).

Scrutinizer report

• Scrutinizer's report confirms results; all resolutions passed with requisite majority.

AGM outcomes

• AGM held on 29 Sep 2026 via VC/OAVM with 26 members present.
• Audited standalone and consolidated financials for year ended 31 March 2026 to be adopted.
• Re-appointment of Sri E Bhaskar Rao as Director (retiring by rotation).
• Approval to avail revolving loan facility from Sri Prakash Challa, a related party.
• Annexure provides director profile and appointment details for Sri E Bhaskar Rao.

SSPDL Limited trading window closed from 1 October 2026 for the unaudited quarterly and half-year results ended 30 September 2026; remains closed till 48 hours of declaration financial results approved by the Board.

Financial highlights

• Standalone revenue: 3,42,652.46 thousand; PAT: 1,16,007.67 thousand.
• Consolidated revenue: 2,86,205.00 thousand; PAT: 74,944.02 thousand.
• EPS: standalone 8.97; consolidated 5.80.
• YoY standalone revenue rose from 63,896.12 thousand to 3,42,652.46 thousand; PAT turned positive.

AGM & governance

• 32nd AGM on 29 September 2026; VC/OAVM; e-voting window 25–28 September 2026.
• Auditors: Karvy & Co; Secretarial Auditor: Savita Jyoti Associates.
• Board committees reconstituted; independent directors ongoing; CSR Committee chaired by MD.

Capital structure & liquidity

• Consolidated net debt to equity ratio: 375% as of 31-03-2026.
• Revolving loan facility from Sri Prakash Challa up to ₹40 crore; 12% interest; five-year window.
• Cash and cash equivalents (consolidated) reported; liquidity managed with credit lines.

Subsidiaries & associates

• SSPDL Infratech Private Limited (subsidiary): revenue ₹0.03 lakh; PAT ₹565.64 lakh loss.
• Northwood Properties India Private Limited (associate): revenue nil; PAT ₹0.42 lakh loss.
• Subsidiaries/associates disclosure in Form AOC-1 and notes.

Related party transactions

• Material RPT: revolving loan to be availed from Sri Prakash Challa of ₹40 crore.
• Interest rate: 12% per annum; approval period 2026-27 to 2030-31; arm's length terms.
• Audit Committee approved; related party voting restricted per SEBI rules.

Projects & operations

• SSPDL Park Centre Chennai leased to Work Easy Space Solutions for 12 years with 5-year lock-in.
• Alpha City Chennai IT Park Projects: receivables of ₹2.05 crore settled; JDA with Hyderabad project.
• SSPDL Infratech and SIPL activities noted; Hyderabad and Chennai housing initiatives ongoing.

Risks & outlook

• Real estate cyclical risks; macro slowdown could affect project sales and funding.
• Execution delays may raise costs and impact reputation and returns.
• Higher borrowing costs and liquidity constraints are key macro risks.

Shareholder info & governance at a glance

• 47% of shares are held in electronic form; depository registrations encouraged.
• AGM and investor communications routed electronically; KFin Technologies as RTA.

Board approvals and governance actions

• Approved unaudited standalone and consolidated Q1 FY2026 results (three months ended 30 June 2026).
• Re-appointed Sri E. Bhaskar Rao as Director, liable to retire by rotation.
• Adopted Directors Report including Corporate Governance for FY ended 31 March 2026.
• Decided to convene the 32nd AGM on 29 September 2026 via video conferencing.
• Director profile: DIN 00003608; age 64; 32 years in poultry, real estate, construction.
• Holds 150,000 shares (1.16%); no director relatives per Companies Act.

Financials – Q1 FY27

• Consolidated total revenue ₹178.80 lakh for quarter ended 30/06/2026.
• Standalone revenue from operations ₹162.28 lakh; other income ₹16.52 lakh.
• Profit before tax ₹-42.77 lakh; net loss ₹-42.77 lakh.
• EPS (basic) ₹-0.33 for the quarter.
• Single segment: Property Development.
• Rs 1.34 crore recognized from sale of repossessed area.

Audit & approvals

• Audit Committee approved results; Board recorded on 13 Aug 2026.
• Limited review by Karvy & Co; no material misstatement detected.
• Audit opinion not provided.

Dematerialisation status

• Details of dematerialised/rematerialised securities have been furnished to all exchanges where listed.
• Dematerialisation/rematerialisation details reported to exchanges per Regulation 74(5).