cochin malabar estates has reported a net loss of ₹46.02 lakh for the financial year ended March 31, 2026. This represents a significant decline from the net profit of ₹128.10 lakh recorded in the previous year ended March 31, 2025. The company's board of directors approved the standalone audited financial results for the quarter and year ended March 31, 2026 at a meeting held on May 21, 2026.

The total income for the year stood at ₹22.13 lakh, compared to ₹137.64 lakh in the prior year. Revenue from operations remained nil for both periods, while other income decreased to ₹22.13 lakh from ₹137.64 lakh. Total expenses for the year increased to ₹83.63 lakh from ₹65.80 lakh in the previous year. The company reported a basic and diluted earnings per share (EPS) of (₹2.60) for FY26, down from ₹7.23 in FY25.

Financial Performance

The statement of assets and liabilities as of March 31, 2026, shows total assets of ₹202.72 lakh, a decrease from ₹208.37 lakh in the previous year. The company's net worth has been fully eroded, with total equity reported at (₹210.49) lakh. Total current liabilities increased to ₹413.21 lakh from ₹372.84 lakh in the previous year.

Auditor's Report and Going Concern

M/s. Singhi & Co., Chartered Accountants, issued an audit report with an unmodified opinion on the annual financial results. However, the auditors highlighted a material uncertainty related to the company's ability to continue as a going concern. The note accompanying the results states that the net worth of the company has been fully eroded and current liabilities exceed current assets. The company maintains its going concern status based on its plans to develop land assets in Goa.

Cochin Malabar Estates and Industries Limited has submitted additional details to BSE Limited regarding the demise of Mr. Jay Kumar Surana (DIN: 00582653), an Independent Director of the Company. The supplementary disclosure, filed on May 11, 2026, was submitted in response to a clarification sought by the exchange in respect of the earlier announcement filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Background: Initial Disclosure

The Company had first intimated the stock exchanges on May 8, 2026, about the passing of Mr. Jay Kumar Surana, who passed away on March 17, 2026. The initial filing was made in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015, read with the Master Circular issued vide circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The Board of Directors and employees expressed their deep sympathy and condolences to his family, noting that his unexpected demise would be an irreparable loss to the Company.

Additional Clarification Filed

In the subsequent filing dated May 11, 2026, the Company provided the following clarifications regarding the timeline of its awareness and disclosure:

The Company clarified that it had made several attempts to contact Mr. Surana prior to receiving the information about his demise, but received no response. The Company confirmed it was not in possession of any information regarding his passing before May 8, 2026, and that the disclosure was submitted promptly upon confirmation of the event.

Regulatory Disclosure Details

The original exchange filing included the following details as part of Annexure-A, submitted in compliance with SEBI's disclosure requirements:

Both filings were signed by Mohit Kandoi, Company Secretary (Membership No. ACS 49202), on behalf of The Cochin Malabar Estates and Industries Limited. The Company reiterated its commitment to ensuring compliance with all applicable provisions of Regulation 30 of the SEBI (LODR) Regulations, 2015.