Ajwa Fun World & Resort Ltd reported a net profit of ₹4,924.39 lakh for the financial year ended March 31, 2026, a substantial increase from ₹29.92 lakh in the prior year. The company’s board approved the standalone audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026. The statutory auditor, M/s. SPVP & Co., Chartered Accountants, provided an unmodified opinion on the results.

The company recorded total income from operations of ₹61.67 lakh for FY26, down from ₹270.24 lakh in FY25. Total expenses for the year stood at ₹88.69 lakh, compared to ₹205.34 lakh in the previous year. The profit for the period was significantly impacted by exceptional items, which included an expenditure of ₹5,431.41 lakh during the year.

Financial Performance

The board approved the re-appointment of Akash Shah & Associates as internal auditors for FY 2026-27. The firm, represented by proprietor Mr. Akash Shah, has over five years of experience in direct and indirect taxation and internal audits.

Balance Sheet Highlights

The company’s total assets increased to ₹5,389.05 lakh as of March 31, 2026, from ₹1,285.25 lakh in the previous year. This rise was primarily driven by other non-current assets, which stood at ₹3,757.34 lakh. Total equity surged to ₹4,736.57 lakh, turning positive from a negative balance of ₹(187.82) lakh in FY25, largely due to reserves and surplus of ₹4,097.57 lakh.

Cash Flow Statement

Cash flow from operating activities resulted in a net usage of ₹1,970.59 lakh during the year. Investing activities generated ₹1,987.27 lakh, largely due to the sale of property, plant, and equipment amounting to ₹5,597.74 lakh. Financing activities saw a net outflow of ₹7.08 lakh. The closing balance of cash and cash equivalents was ₹18.02 lakh.

Ajwa Fun World & Resort Ltd. has submitted a formal application to BSE Limited on May 14, 2026, seeking no-objection for the reclassification of certain promoter/promoter group members to the public category. The submission was made in accordance with Regulation 31A(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), following the Board of Directors' approval of the reclassification request at its meeting held on April 18, 2026.

Background and Regulatory Context

The company had issued an earlier intimation dated April 7, 2026, informing stakeholders that the Board had approved the reclassification request received from certain members of the promoter/promoter group. The approval was granted subject to the receipt of no-objection or approval from BSE Limited, as well as any other approvals, confirmations, or consents required under Regulation 31A of the Listing Regulations. The May 14, 2026 application to the stock exchange marks the formal initiation of the regulatory approval process.

Shareholders Seeking Reclassification

Three individuals from the promoter/promoter group have applied for reclassification to the public category. The details of their respective shareholdings are presented below:

Collectively, the three shareholders hold 21,300 shares, accounting for 0.34% of the company's paid-up capital.

Next Steps and Disclosures

Ajwa Fun World & Resort Ltd. has stated that it will make necessary disclosures on all material developments related to this reclassification as per applicable statutory requirements. The reclassification will be effective only upon receipt of the requisite no-objection or approval from BSE Limited and fulfillment of any other regulatory conditions. The application was filed by Kosha Anilbhai Shah, Company Secretary and Compliance Officer of the company, on behalf of Ajwa Fun World and Resort Limited.