Alfavision Overseas (India) Ltd has appointed Wadia Ghandy & Co., Advocates & Solicitors, as legal counsel for a proposed development project with Della Resorts & Adventure Private Limited. The project involves the development of land aggregating approximately 220 acres situated at Village Saras, Taluka Icchawar, District Sehore, Madhya Pradesh. The estimated Gross Development Value (GDV) potential of the project is over ₹2,000 Crores.

The scope of engagement includes the preparation, discussion, and finalization of a proposed collaboration agreement between the landowners of the Alfavision Group and Della Resorts & Adventure Private Limited. Wadia Ghandy & Co. will also provide legal advisory services relating to the proposed integrated real estate, hospitality, and leisure development project.

The appointment follows the execution of a Term Sheet between the Alfavision Group and Della Resorts & Adventure Private Limited, which was intimated to the exchange on March 6, 2026. The engagement is for legal advisory and documentation purposes only in connection with the proposed strategic development arrangement.

Wadia Ghandy & Co. is one of India's oldest full-service law firms, established in 1883. The firm combines a rich legal heritage with contemporary expertise across corporate, commercial, and dispute resolution practices.

The proposed transaction remains subject to the completion of due diligence, commercial negotiations, execution of definitive agreements, and receipt of necessary statutory, regulatory, and other requisite approvals. No definitive collaboration or development agreement has been executed pursuant to this appointment.

Key Disclosures

Alfavision Overseas (India) Limited reported a net profit of ₹14.10 lakh for the financial year ended March 31, 2026, compared to ₹12.18 lakh in the previous year. Revenue from operations for FY26 rose to ₹199.06 lakh from ₹192.20 lakh in FY25. The board approved the audited standalone financial results during a meeting held on May 30, 2026. Additionally, the company disclosed the resignation of Independent Director Mrs. Niharika Roongta effective May 30, 2026, and subsequently submitted compliance details to BSE Limited regarding the disclosure.

Financial Performance

The company recorded a profit before tax of ₹14.10 lakh for the year ended March 31, 2026, up from ₹12.18 lakh in the corresponding period last year. Total revenue increased to ₹199.06 lakh in FY26 from ₹192.20 lakh in FY25. For the quarter ended March 31, 2026, the company posted a profit of ₹12.69 lakh on a revenue of ₹66.09 lakh.

Board Appointments and Resignations

The board approved the appointment of CS Ankit Gupta (ACS: 72103) as the Company Secretary and Compliance Officer, effective June 1, 2026. The board took on record the resignation of Mrs. Niharika Roongta (DIN: 08858090) as an Independent Director, effective May 30, 2026. The resignation was attributed to increasing professional commitments and engagements in other assignments. Mrs. Roongta confirmed there were no other material reasons for her resignation.

Regulatory Filings and Compliance

The financial results were submitted to BSE Limited under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors, S.N. Gadiya & Co., issued an unmodified opinion on the standalone financial results. Following an observation by BSE regarding the omission of the resignation letter in the initial filing, the company submitted a fresh corporate announcement on June 5, 2026, enclosing the resignation letter of Mrs. Niharika Roongta to comply with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Key Financial Metrics