B&B Realty Limited has scheduled its 43rd Annual General Meeting (AGM) for Monday, September 28, 2026. The meeting will convene to adopt the audited standalone financial statements for FY26 and approve key administrative resolutions.

The Board of Directors approved the notice during a meeting held on September 4, 2026. The AGM will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM) in compliance with Ministry of Corporate Affairs and SEBI circulars.

Auditor Appointment

A primary agenda item is the appointment of M/s. A C M B & Co., Chartered Accountants, as statutory auditors. The firm will fill a casual vacancy caused by the resignation of M/s. S R P C & Co LLP, which tendered its resignation on August 9, 2026.

M/s. A C M B & Co. holds Firm Registration Number 030487S and Peer Review Number 025777. The appointment, subject to shareholder approval, covers a term of five consecutive financial years from FY27 through FY31. Remuneration will be mutually agreed upon between the Board/Audit Committee and the auditors.

Director Re-appointment

Shareholders will also vote on the re-appointment of Mr. Gaurav Kumar Bhandari (DIN 01339056), who retires by rotation at this meeting. He is eligible and seeks re-appointment as a Director liable to retire by rotation.

Mr. Bhandari holds a Bachelor’s degree in Economics and Finance. He currently holds 10,04,800 shares in the company and is the brother of Managing Director Bharat Kumar Bhandari. He has no other directorships in public companies.

AGM Logistics and E-Voting

The meeting is scheduled for 12:00 noon on September 28, 2026. The record date for determining voting eligibility is Monday, September 21, 2026. The register of members and share transfer books will remain closed from September 22, 2026, to September 28, 2026.

Remote e-voting will be facilitated by National Securities Depository Limited (NSDL). The voting window opens on Friday, September 25, 2026, at 9:00 am and closes on Sunday, September 27, 2026, at 5:00 pm. Mr. Vikram Raj G A, a practicing company secretary, has been appointed as the scrutinizer for the e-voting process.

Members holding shares in demat mode can vote via their depository participants or directly through the NSDL e-voting portal. Physical shareholders must use their Folio Number and EVEN number for login. Proxy appointments are not permitted for this meeting, though body corporates may appoint authorized representatives.

B&B Realty Limited reported a widening net loss of ₹18.4 lakh for the quarter ended June 30, 2026, marking a significant deterioration from the ₹7.0 lakh loss recorded in the same period last year. The Bengaluru-based realty firm saw its core operations generate negligible income, with total income from operations dropping to ₹0.03 lakh compared to ₹18.3 lakh in Q1FY25.

The company’s Board of Directors approved the unaudited financial results on August 14, 2026. The results were reviewed by statutory auditors A C M B & Co., who issued a limited review report stating that nothing came to their attention to suggest material misstatement.

Financial Performance

The company’s revenue stream effectively dried up during the quarter. Net sales or income from operations were nil, while other operating income stood at just ₹0.03 lakh. This contrasts sharply with the preceding quarter (Q4FY26), where the company recorded ₹7.0 lakh in net sales and ₹16.2 lakh in other operating income.

Despite the collapse in top-line revenue, expenses remained relatively stable but insufficiently covered by income. Total expenses for Q1FY26 were ₹18.4 lakh, a slight decrease from ₹25.3 lakh in Q1FY25.

Employee benefits expense constituted the largest single cost component at ₹12.5 lakh, followed by other expenses of ₹5.6 lakh. Rent expense was minimal at ₹0.3 lakh. Depreciation and amortisation expenses were nil for the quarter, unlike the preceding quarter where they stood at ₹1.0 lakh.

What the Numbers Show

The divergence between the sharp decline in operating income and the persistence of fixed costs highlights the operational challenge. While total expenses fell by nearly 27% year-on-year, driven primarily by a drop in "other expenses" from ₹13.4 lakh to ₹5.6 lakh, this reduction was not enough to offset the near-total absence of revenue. The company’s paid-up equity share capital remained unchanged at ₹1,485.9 lakh.

There were no finance costs, exceptional items, or extraordinary items reported for the quarter. Consequently, the operating loss flowed directly to the bottom line without any tax impact, given the overall loss position. Earnings per share stood at (₹0.12), down from (₹0.05) in the corresponding quarter of the previous year.

No investor complaints were received or pending during the quarter. Segment reporting was not applicable as per Accounting Standard 17.