Cochin Malabar Estates and Industries Limited has approved the re-appointment of Mr. Chandra Prakash Sharma as Wholetime Director for a further period of three years, effective from June 15, 2026. The decision was taken by the Board of Directors during its meeting held on June 12, 2026. This re-appointment is subject to the approval of the company's shareholders, who will vote on the matter in due course.

Mr. Sharma's new term will extend from June 15, 2026, to June 14, 2029. He will be liable to retire by rotation. The company disclosed that Mr. Sharma is not related to any other Board members and is not debarred from accessing capital markets or holding the directorship by any SEBI order or other authority.

Director Profile

Mr. Chandra Prakash Sharma, aged 63 years, is a B. Com and Law Graduate. He possesses 36 years of experience in finance, taxation, legal, and professional matters. As of the date of the notice, he holds 100 shares in the company.

Key Details of Re-appointment

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.