Croissance Limited has closed its trading window for securities dealing starting October 1, 2026. The closure remains in effect until 48 hours after the declaration of un-audited financial results for the quarter and half-year ended September 30, 2026.

This action is taken pursuant to the company's Code of Conduct for Prevention of Insider Trading, adopted under SEBI (Prohibition of Insider Trading) Regulations, 2015. The restriction applies to all designated persons, their immediate relatives, and connected persons covered by the code.

Compliance Details

The notification was submitted to BSE Limited on September 29, 2026. Sravan Prabhakar Veledandi, Managing Director of Croissance Limited, signed the communication digitally. The closure ensures that no sensitive price-sensitive information is traded upon during the critical period preceding the release of the company's second-quarter fiscal year 2027 performance metrics.

Croissance Limited reported a standalone net profit of ₹0.44 lakh for the quarter ended June 30, 2026, marking a decline from ₹1.36 lakh in the same period of the previous year. The company’s statutory auditor, YCRJ & Associates, issued a qualified opinion on both standalone and consolidated financial results, raising concerns about revenue recognition and subsidiary audit coverage. Despite the financial contraction, Croissance announced the strategic launch of a new corporate identity for its real estate segment under the brand name 'Croissance Realty'.

The qualification by the auditor stems from two primary issues. First, the company recognized other income of ₹9.05 lakh in the quarter without providing adequate supporting documentation or basis for verification. Second, the annual financial results of its 85% subsidiary, Delicieux Restaurants Private Limited, were not subjected to limited review by auditors; instead, management-certified unaudited figures were included in the consolidated statement. Consequently, the auditors stated they were unable to confirm whether the revenue was appropriately stated or comment on the true and fair view of the consolidated results.

Financial Performance

Revenue from operations stood at ₹3.24 lakh in Q1FY26, compared to nil in the corresponding quarter of FY25. However, total revenue reached ₹12.29 lakh, driven significantly by the aforementioned other income of ₹9.05 lakh. In the preceding quarter (Q4FY26), total revenue was higher at ₹27.70 lakh, with ₹27.70 lakh coming from operations.

Total expenses remained relatively stable at ₹11.70 lakh, down slightly from ₹11.66 lakh in Q1FY25 but lower than the ₹25.11 lakh recorded in Q4FY26. Employee benefit expenses decreased to ₹4.50 lakh from ₹15.61 lakh in the previous quarter. Finance costs were negligible at nil for the quarter.

What the Numbers Show

The reliance on other income to sustain total revenue is a notable divergence in the current quarter’s performance. While operational revenue contributed only ₹3.24 lakh, other income accounted for approximately 73.6% of total revenue. This structural shift, combined with the auditor’s inability to verify the basis of this income, introduces significant uncertainty regarding the quality of earnings. The drop in employee benefit expenses suggests reduced operational activity compared to the preceding quarter, yet the fixed cost base remains largely intact.

Strategic Developments

Beyond financial results, the Board of Directors approved the rebranding of its real estate business as 'Croissance Realty'. The company intends to initiate formal trademark applications under relevant classes of the Trade Marks Act, 1999, to protect its intellectual property rights. This move signals a strategic focus on consolidating its real estate operations under a distinct brand identity.

The Board meeting, held on August 5, 2026, also took note of the limited review reports for both standalone and consolidated entities. The results were prepared in accordance with Ind AS prescribed under Section 133 of the Companies Act, 2013, and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.