B&B Realty Limited has appointed M/s. A C M B & Co., Chartered Accountants, as its statutory auditors for a term of five consecutive years. The appointment is subject to shareholder approval at the upcoming annual general meeting.

The Board of Directors approved the decision during a meeting held on September 4, 2026, at the company's registered office in Bengaluru. The tenure commences from the financial year 2026-27 and extends through FY31, contingent upon ratification by members at the ensuing AGM.

Annual General Meeting Details

The board also approved the notice for the 43rd Annual General Meeting (AGM), scheduled to be convened on Monday, September 28, 2026, at 12:00 noon. The meeting will be held through Video Conferencing (VC) or Other Audio Visual Means (OAVM).

Key dates and logistical details for the AGM are outlined below:

The register of members and share transfer books will remain closed from September 22, 2026, to September 28, 2026, both days inclusive. Mr. Vikram Raj G A, a practising company secretary, was appointed as the scrutinizer for e-voting purposes.

Auditor Profile

M/s. A C M B & Co. holds Firm Registration Number (FRN) 030487S and Peer Review Number 025777. The firm is located in Bengaluru and has been peer-reviewed by the Peer Review Board of the Institute of Chartered Accountants of India (ICAI). The appointment replaces the previous auditor arrangement, with no specific reason for change cited other than the standard renewal process.

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.