E & E Enterprises Limited shareholders approved all ordinary and special resolutions proposed at its 85th Annual General Meeting (AGM) held on August 18, 2026. The meeting transacted business including the adoption of audited financial statements for FY26, declaration of a final dividend, and key board appointments.

All resolutions received unanimous support from voting shareholders. A total of 2,04,038 votes were cast in favour across all agenda items, representing 85% of the 2,40,000 outstanding shares. No votes were recorded against any resolution.

Key Resolutions Passed

The AGM covered both ordinary and special business items:

• Adoption of audited financial statements for the fiscal year ended March 31, 2026
• Declaration of final dividend on equity shares for FY26
• Reappointment of Director Sunil Adukia, who retires by rotation
• Reappointment of statutory auditors
• Reappointment of Snehal Parikh as Non-Executive Independent Director
• Confirmation of revised certificate under SEBI Listing Regulations Regulation 45
• Granting authority to make loans and investments under Section 186 of the Companies Act, 2013

Voting Participation

Voting was conducted through remote e-voting facilitated by National Securities Depository Limited (NSDL). The e-voting window ran from August 15, 2026, to August 17, 2026.

Promoter and promoter group shareholders participated fully, casting votes on all their holdings. Among public non-institutional shareholders, approximately 41% of eligible shares were voted. No institutional public shareholders participated in the voting process.

The company had 67 members on the record date, with notices dispatched to all eligible shareholders. The scrutinizer's report was filed pursuant to Section 108 of the Companies Act, 2013 and Regulation 44 of the SEBI Listing Regulations.

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.