Suvidha Infraestate Corporation Ltd

AGM notice & annual report

• 34th AGM will be held on 19 September 2026 via VC/OAVM.
• Remote e-voting will run 16–18 September 2026 with a cutoff on 12 September 2026.
• Annual Report 2025-26 is available electronically on the company and BSE websites.

Governance changes

• Abhijeet Ashokkumar Goswami is appointed as Director, effective 1 November 2025.
• Abhijeet Goswami resigns as CFO effective 24 July 2026, and Haresh J. Assanani is appointed CFO.
• Hemang Shah resigns as Independent Director; Jaini Shah ceases as Independent Director on 31 March 2026.
• Kishore Goswami will retire by rotation and is proposed for reappointment.

Secretarial auditor

• Secretarial Auditor Kashyap R. Mehta & Partners appointed for five years 2026–31.

Financial highlights

• FY2025-26 revenue 7.95 lakh; net loss 7.85 lakh; borrowings 365.13 lakh; equity negative 243.91 lakh.

Management changes

• Appointed Haresh J. Assanani as Chief Financial Officer, effective 24 July 2026.
• Abhijeet A. Goswami resigned as CFO, effective 24 July 2026, due to pre-occupation.
• Hemang Shah Yagnesh resigned as Independent Director, effective 24 July 2026.
• Kishore K. Goswami appointed Managing Director, effective 25 July 2026.
• Abhijeet A. Goswami appointed Director, effective 25 July 2026.
• Parul K. Gajjar appointed Company Secretary, effective 25 July 2026.
• Dharmendra Champaneri appointed Independent Director, effective 25 July 2026.
• Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee reconstituted, effective 24 July 2026.
• M/s Kashyap R. Mehta & Partners appointed Secretarial Auditor for 2026-31.
• Statutory Auditor appointed: M/s. Ka (FRN: P2025GJ10600) for consecutive years, subject to AGM approval.
• Hemang Shah Yagnesh does not hold any other listed directorships.

Dematerialisation status

• Securities for dematerialisation during Q ended 30 June 2026 were confirmed to depositories by the RTA.
• Securities dematerialised have been listed on the stock exchanges where the earlier issues are listed.
• Physical certificates for dematerialisation were mutilated and cancelled; depository's name substituted as registered owner.

Financial Performance 📊

• Suvidha Infraestate reported standalone Q3 FY26 loss of Rs. 1.93 lakh versus Rs. 1.78 lakh loss in Q3 FY25.
• Total expenses rose to Rs. 1.93 lakh in Q3 FY26 from Rs. 1.78 lakh in Q3 FY25; employee cost was Rs. 0.39 lakh.
• Nine-month cumulative loss widened to Rs. 9.31 lakh in FY26 from Rs. 9.28 lakh in FY25.
• No revenue from operations or other income reported in Q3 FY26; previous full year revenue was Rs. 19.18 lakh.
• EPS (basic and diluted) was negative Rs. 0.02 in Q3 FY26, unchanged from Q3 FY25.
• Other expenses increased to Rs. 1.54 lakh in Q3 FY26; no finance costs or depreciation expenses reported.

Risks & Asset Quality ⚠️

• Company has significant accumulated losses and is not carrying out major economic activities currently.
• Deferred tax asset not recognized due to uncertainty of future profit recovery.

Operations & Compliance 🗒️

• No exceptional items or tax expenses recognized in Q3 FY26; tax provision deferred to year-end.
• Company operates solely in construction of residential and commercial complexes segment.
• Limited review report issued with no qualifications or material misstatements noted.
• No outstanding loans, debt securities, or defaults reported as of 31 December 2025.

Financial Performance

• Board approved standalone unaudited financial results for quarter ended 31 Dec 2025.
• Reported loss of Rs. 1.93 lakh for the quarter and Rs. 9.31 lakh for nine months ended 31 Dec 2025.
• Total income for the quarter was nil; expenses totaled Rs. 1.93 lakh.
• Earnings per share (EPS) loss was Rs. 0.02 per share for the quarter.
• No tax provision made; deferred tax not recognized due to uncertainty of future profit.

Business and Operations

• Company has significant accumulated losses and is not carrying out major economic activities currently.
• Single reportable segment: construction of residential and commercial complexes.
• No subsidiaries or associates.

Financial Position

• No loans, debt securities, or financial indebtedness outstanding as of the date.
• No proceeds from public issues, rights issues, preferential issues, or QIPs during the period.

Audit and Compliance

• Limited review report by auditors found no material misstatements or deviations from accounting standards.
• No auditor qualifications or emphasis of matter reported.

🗓️ Meeting Details

• Board meeting scheduled for 29 January 2026 to approve unaudited financial results for Q3 ended 31 December 2025.

📊 Financial Performance

• Approval of unaudited financial results for the quarter ended 31 December 2025 is on the agenda.