East Buildtech Limited shareholders have approved the re-appointment of Suresh Kumar Goenka as an Independent Director for a second term of five years. The decision was ratified during the company's 42nd Annual General Meeting (AGM) held on September 30, 2026.

The new term will commence on February 10, 2027, and continue until February 9, 2032. Mr. Goenka is not liable to retire by rotation during this period. This appointment follows the approval of ordinary business items, including the adoption of audited standalone financial statements for FY26 and the re-appointment of Madhusudan Agarwal as Director.

Appointment details and profile

The re-appointment was disclosed to stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key details regarding the appointment are outlined below:

Mr. Goenka brings over 41 years of experience in finance and working capital management. His expertise covers financial planning, treasury operations, cash flow optimization, and budgeting. The disclosure notes that he is not related to any other director of the company and is not debarred from holding office by any regulatory authority.

AGM proceedings and other resolutions

The 42nd AGM was conducted via Video Conferencing in accordance with Ministry of Corporate Affairs and SEBI circulars. Madhusudan Chokhani, Chairman and Managing Director, chaired the session, which commenced at 1:03 pm and concluded at 1:17 pm.

The Board of Directors present included:

• Madhusudan Chokhani (Chairman and Managing Director)
• Suresh Kumar Goenka (Independent Director)
• Priti Tulshan (Independent Director)
• Madhusudan Agarwal (Director)

Sanjiv Kumar Tiwari served as the Company Secretary and Compliance Officer. Statutory Auditors were represented by Rashi Goswami from Suresh Kumar Mittal & Co., while Secretarial Auditors were represented by Sanjeev Pandey from SSPK & Co.

Voting mechanism

Remote e-voting was available from September 27, 2026, at 9:00 am to September 29, 2026, at 5:00 pm. Shareholders who did not vote remotely could cast their votes during the AGM via the Beetal Financial and Computer Services Pvt. Ltd. portal. The e-voting facility remained open for 15 minutes after the conclusion of the meeting. The Scrutinizer's Report and voting results will be disclosed separately to stock exchanges.

East Buildtech reported a net loss of ₹49.02 lakh for the financial year ended March 31, 2026, reversing from a profit of ₹33.89 lakh in FY25. Revenue from operations contracted sharply by approximately 86% to ₹14.52 lakh, reflecting a significant downturn in core business activities. The company also raised substantial debt during the period, with non-current borrowings increasing to ₹1,026 lakh.

The Board of Directors decided against recommending any dividend for FY26 due to the absence of profits. Total comprehensive income stood at a loss of ₹46.41 lakh. Earnings per share (EPS) turned negative at (₹2.57), compared to positive EPS of ₹1.78 in the previous fiscal year.

Financial Performance Overview

Revenue from operations dropped significantly as sales of services vanished entirely in FY26, whereas they contributed ₹89.63 lakh in FY25. Rent received remained stable at ₹14.52 lakh across both periods. Total expenses rose marginally to ₹63.45 lakh from ₹57.24 lakh, primarily driven by employee benefits and other operational costs.

What the Numbers Show

A critical divergence exists between the company's revenue generation and its financing activities. While revenue collapsed to near-zero levels relative to the prior year, the company secured ₹1,026 lakh in new non-current borrowings from related parties. This suggests the firm is relying heavily on external funding to sustain operations or acquire assets, rather than generating cash from its core real estate business. Additionally, inventory of commercial space surged to ₹1,734.22 lakh from ₹666.25 lakh, indicating significant capital deployment into projects that have yet to generate sales revenue.

Balance Sheet and Capital Structure

Total assets expanded to ₹1,794.35 lakh from ₹697.64 lakh, driven largely by an increase in inventories and deferred tax assets. Equity share capital remained unchanged at ₹190.76 lakh. However, reserves and surplus declined to ₹437.53 lakh from ₹483.94 lakh, absorbing the current year's losses.

The debt-equity ratio deteriorated significantly to 1.63 from 0.02 in the previous year, highlighting increased financial leverage. Current liabilities rose to ₹140.06 lakh, up from ₹22.94 lakh, largely due to accrued interest payables of ₹116.56 lakh on the new borrowings.

Corporate Governance and AGM

The company has scheduled its 42nd Annual General Meeting for September 30, 2026, to be held via video conferencing. Mr. Madhusudan Agarwal, a non-executive director, is liable to retire by rotation and has offered himself for re-appointment. No material changes affecting the financial position were reported between the end of the financial year and the date of the report.