E & E Enterprises reported a net loss of ₹9.60 lakh for the quarter ended June 30, 2026, marking a significant reversal from the net profit of ₹15.44 lakh recorded in the corresponding quarter of the previous fiscal year. The Mumbai-based real estate firm generated zero revenue from operations during the period, relying entirely on other income which also stood at nil. This operational stagnation, combined with rising expenses, underscores the challenges facing the company as it navigates its current business cycle.

The Board of Directors, meeting on August 11, 2026, approved the unaudited financial results pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sunil Adukia, Non-Executive Director, authorized the filing. The results were subjected to a limited review by K K Birla & Co., the statutory auditors, who issued an unmodified conclusion stating that nothing came to their attention to suggest material misstatement.

Financial Performance

Total expenses for the quarter increased by 103% year-on-year to ₹9.60 lakh from ₹4.73 lakh in Q1FY25. This rise was driven primarily by depreciation and amortization expenses, which climbed to ₹7.41 lakh from nil in the prior year period. Other expenses also saw a moderate increase to ₹2.19 lakh from ₹4.73 lakh. With no offsetting revenue or other income, the pre-tax loss widened significantly.

The earnings per share (EPS) turned negative, standing at ₹(4.00) per equity share, compared to ₹6.43 in the same quarter last year. The paid-up equity share capital remained unchanged at ₹24.00 lakh.

What the Numbers Show

The most critical aspect of this quarter’s performance is the complete absence of operating revenue, which highlights a lack of active business generation in the real estate segment. While the company previously relied on other income—₹25.35 lakh in Q1FY25—to drive profitability, this source has also dried up. The simultaneous emergence of depreciation expenses, which were nil in the prior comparable period, suggests the activation of new assets or accounting adjustments that are currently not generating corresponding returns. Investors should monitor whether these capitalized costs will yield future revenue streams or continue to weigh on the bottom line.

E & E Enterprises has recommended a final dividend of ₹1 per equity share for the financial year ended March 31, 2026. The Board of Directors fixed Tuesday, August 11, 2026, as the record date to determine shareholder eligibility for the dividend payout, subject to approval at the Annual General Meeting (AGM). The company reported a net profit of ₹17.33 Lakhs for the fiscal year, compared to ₹11.81 Lakhs in the previous year, while total income stood at ₹54.49 Lakhs.

The 85th AGM is scheduled to be held on Tuesday, August 18, 2026, at 11:00 a.m. IST at the company's registered office in Mumbai. In compliance with SEBI regulations, the company informed that the Annual Report for FY 2025-26 is available on its website. Members can access the report via the navigation path Home > Investors > Yearly Reports. The record date also serves as the cut-off for ascertaining members entitled to cast their votes electronically at the AGM.

Financial Performance

The financial statements for the year ended March 31, 2026, were prepared in accordance with Indian Accounting Standards (Ind AS). The profit before tax for the year was ₹24.07 Lakhs. The company’s net worth as of March 31, 2026, stood at ₹64,318.31 Lakhs, representing a marginal increase from the previous year.

Business Operations

During the year under review, the company voluntarily surrendered its Certificate of Registration as a Non-Banking Financial Company (NBFC) to the Reserve Bank of India (RBI). Consequently, the RBI cancelled the registration effective July 24, 2025. Following this, the company amended its Memorandum of Association to shift its principal business objectives towards real estate, investing in non-financial assets, and trading activities.

Board Proposals

The Board has proposed the re-appointment of M/s. K. K. Birla & Co., Chartered Accountants, as statutory auditors for a term of five years. Additionally, the Board recommended the re-appointment of Mr. Snehal Parikh as a Non-Executive Independent Director for a second term of five years effective from December 30, 2026. Shareholders will also vote on a special resolution to seek authority for loans and investments under Section 186 of the Companies Act, 2013, up to an aggregate limit of ₹700 Crores.