Ajwa Fun World & Resort Limited reported a standalone net profit of ₹4,924.4 lakh for the fiscal year ended March 31, 2026, a significant increase from the ₹29.9 lakh profit recorded in FY25.

The company’s board of directors approved the audited financial results in a meeting held on May 29, 2026. The results were reviewed by the audit committee and received an unmodified opinion from statutory auditors SPVP & Co LLP.

Financial Performance

For the full year, total income from operations stood at ₹61.7 lakh, down sharply from ₹310.0 lakh in the previous year. Net sales were nil for FY26, compared to ₹270.2 lakh in FY25. Other operating income contributed ₹61.7 lakh to the top line.

Total expenses decreased to ₹88.7 lakh from ₹205.3 lakh in FY25. Employee benefits expense fell to ₹47.8 lakh from ₹70.1 lakh, while other expenses dropped to ₹38.2 lakh from ₹75.7 lakh. Finance costs remained stable at ₹2.6 lakh.

The company recorded an operating loss of ₹27.0 lakh for the year, contrasting with an operating profit of ₹104.7 lakh in FY25.

What the Numbers Show

The surge in net profit was entirely non-operational. Exceptional items contributed ₹5,431.4 lakh to the bottom line, primarily from gains on the sale of assets. Without this one-time gain, the company would have reported a net loss before tax of approximately ₹27 lakh. This indicates that core operational profitability remains under pressure, with net sales dropping to zero while reliance on asset liquidation drove the reported earnings.

Balance Sheet & Cash Flow

As of March 31, 2026, total assets rose to ₹5,389.1 lakh from ₹1,285.3 lakh in the prior year. This increase was driven by a rise in other non-current assets to ₹3,757.3 lakh from ₹103.6 lakh, and loans and advances increasing to ₹837.3 lakh from ₹170.5 lakh. Property, plant, and equipment declined significantly to ₹13.7 lakh from ₹187.0 lakh, reflecting the asset sales.

Cash and cash equivalents increased to ₹18.0 lakh from ₹8.4 lakh. Total equity improved to ₹4,736.6 lakh from a deficit of ₹187.8 lakh, aided by the retention of profits. Long-term borrowings reduced to ₹92.1 lakh from ₹431.5 lakh.

Corporate Actions

The board also reappointed Akash Shah & Associates as the internal auditor for the financial year 2026-27. The firm has been practicing for over five years with expertise in taxation and internal audits.

Ajwa Fun World & Resort held its 34th Annual General Meeting on August 29, 2026, approving all key governance resolutions with unanimous shareholder support. The company disclosed its financial performance for FY26, reporting nil revenue from operations alongside a profit after tax of ₹4,924.39 lakh.

The meeting, chaired by Chairman Rajeshkumar Chunilal Jain, commenced at 3:00 pm via video conferencing. Company Secretary Kosha Anilbhai Shah managed the proceedings, which concluded at 3:14 pm following the completion of all agenda items.

Governance Resolutions

Members approved several ordinary and special business items during the session. All resolutions were passed with 100% of the votes polled in favour.

Dipak Bhagwatilal Nagarwala retires by rotation and offered himself for re-appointment. Santukumar Pranlal Lalani was regularized as an additional director by appointing him as an independent director for five consecutive years. S P V P & Co LLP was appointed as Statutory Auditor following the conversion of the earlier firm into an LLP, for the remaining tenure up to the conclusion of the 39th AGM.

Financial Performance

FY 2025-26 was described as a year of strategic evaluation and transition. The company continued reviewing its existing business and evaluating diversification opportunities.

• Revenue from Operations: Nil during the year, as the company was evaluating and pursuing diversification opportunities.
• Other Income: ₹61.67 lakh.
• Profit After Tax: ₹4,924.39 lakh.

The results were affected by exceptional items. The company noted that financial performance should be considered in the context of its overall financial position and restructuring or business plans.

Voting Details

Remote e-voting was conducted from August 26, 2026, at 9:00 am to August 28, 2026, at 5:00 pm. A total of 31,69,900 votes were polled out of 63,90,000 shares held on the record date, representing a 49.61% turnout. Promoters and promoter group held 31,65,500 shares, while public non-institutions held 32,24,500 shares. No votes were cast against any resolution.

Procedural Details

The company complied with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. E-voting remained open for 15 minutes after the live session concluded. Detailed voting results were submitted under Regulation 44(3). The Board thanked directors, auditors, and members for their participation.