East Buildtech schedules AGM on Sep 30 to adopt FY26 accounts

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Reviewed by
Ashish TScanX News Team
Key Highlights
  • East Buildtech holds its 42nd AGM on September 30, 2026, via video conferencing
  • Shareholders to adopt audited standalone financial statements for FY26
  • Board seeks reappointment of independent director Suresh Kumar Goenka for five years
  • Remote e-voting window opens September 27 and closes September 29, 2026
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East Buildtech has scheduled its 42nd Annual General Meeting for September 30, 2026, to transact business for the financial year ended March 31, 2026. The meeting will be held via video conferencing or other audio-visual means.

The primary ordinary business item involves considering and adopting the audited standalone financial statements for FY26, along with the reports of the Board of Directors and the Auditors.

Key Agenda Items

Shareholders will vote on the following resolutions:

  • Adoption of audited standalone financial statements for FY26.
  • Reappointment of Madhusudan Agarwal as a Director, who retires by rotation and offers himself for re-election.
  • Reappointment of Suresh Kumar Goenka as a Non-Executive & Independent Director for a second term of five consecutive years, effective February 10, 2027.

Voting Details

Remote e-voting will be available from September 27, 2026, at 9:00 am to September 29, 2026, at 5:00 pm. The cut-off date for determining voting eligibility is September 23, 2026. Shareholders holding shares in demat mode can access the voting facility through their Depository Participants (CDSL/NSDL). Physical shareholders must log in via the CDSL e-voting system using their folio numbers.

The Register of Members and Share Transfer Books will remain closed from September 24, 2026, to September 30, 2026, to determine members eligible for voting.

Historical Stock Returns for East Buildtech

1 Day5 Days1 Month6 Months1 Year5 Years
-2.00%-2.61%+11.38%0.0%+0.41%0.0%

How might the reappointment of Suresh Kumar Goenka for a second term as Independent Director influence East Buildtech's corporate governance strategy and board oversight in the coming years?

What specific growth initiatives or capital allocation plans is the Board likely to propose for FY27 following the adoption of the FY26 audited financial statements?

Given the shift to virtual AGMs, how does East Buildtech plan to enhance shareholder engagement and transparency in future meetings compared to previous years?

East Buildtech Q1FY27 net profit turns positive to ₹11.38 lakh

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Reviewed by
Shriram SScanX News Team
Key Highlights

East Buildtech Limited reported a standalone net profit of ₹11.38 lakh for Q1FY27, reversing a ₹13.39 lakh loss in Q1FY25. Revenue surged 1,179% to ₹46.43 lakh, driven by the real estate segment. The turnaround reflects specific project completions and capitalized interest expenses.

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East Buildtech Limited reported a standalone net profit of ₹11.38 lakh for the quarter ended June 30, 2026, marking a significant turnaround from the ₹13.39 lakh net loss recorded in the same period of FY25. The company’s revenue from operations surged to ₹46.43 lakh, up from ₹3.63 lakh in Q1FY25, driven primarily by activity in its real estate and construction segment.

The Board of Directors approved the unaudited financial results in a meeting held on August 14, 2026. Suresh Kumar Mittal & Co., the statutory auditors, issued an unmodified limited review report on the quarterly financials, confirming compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Financial Performance

Revenue from operations saw a substantial increase, reflecting higher sales or project completions in the current quarter. While other income remained negligible at ₹0.00 lakh (compared to ₹0.02 lakh in Q1FY25), the core operational revenue drove total revenue to ₹46.43 lakh.

Total expenses stood at ₹31.20 lakh, compared to ₹17.22 lakh in the prior year quarter. This increase was largely attributable to the cost of land, plots, development rights, and constructed properties, which amounted to ₹37.90 lakh. However, this was partially offset by a decrease in inventories of finished goods, work in progress, and stock-in-trade, valued at (₹19.40 lakh). Employee benefits expense rose to ₹5.87 lakh from ₹3.85 lakh, while finance costs increased to ₹1.11 lakh from ₹0.47 lakh.

Metric Q1FY27 (Unaudited) Q1FY26 (Unaudited) Change
Revenue from Operations ₹46.43 lakh ₹3.63 lakh +1,179%
Total Expenses ₹31.20 lakh ₹17.22 lakh +81%
Profit Before Tax ₹15.23 lakh (₹13.57) lakh Turnaround
Net Profit ₹11.38 lakh (₹13.39) lakh Turnaround

The company reported a profit before tax of ₹15.23 lakh, against a loss of ₹13.57 lakh in the previous year. After accounting for deferred tax liabilities of ₹3.85 lakh, the net profit for the period reached ₹11.38 lakh. Earnings per share (basic and diluted) were ₹0.61, compared to a loss per share of ₹0.71 in Q1FY26.

Segment Analysis

The real estate and construction segment (Segment A) contributed all ₹46.43 lakh of the operating revenue. It reported a segment result (profit before tax and interest) of ₹23.63 lakh, a sharp improvement from the ₹1.93 lakh loss in the same segment during Q1FY26. The consultancy segment (Segment B) reported no revenue or results in the current quarter, having posted a loss of ₹5.32 lakh in the prior year quarter.

Capital employed in the real estate segment increased to ₹636.75 lakh as on June 30, 2026, from ₹553.55 lakh a year ago. Total capital employed across all segments stood at ₹639.23 lakh, down slightly from ₹661.31 lakh in Q1FY26.

What the Numbers Show

The turnaround in profitability is directly linked to the recognition of revenue in the real estate segment, which had been dormant in terms of contribution in the prior year quarter. The high cost of construction properties (₹37.90 lakh) matched closely with the inventory reduction (₹19.40 lakh) and revenue recognized (₹46.43 lakh), indicating that the profit is derived from specific project completions or sales rather than ongoing operational margins. Additionally, the company capitalized interest on borrowings amounting to ₹37.90 lakh towards inventory, as per legal opinions on tax admissibility, which significantly reduced the finance cost impact on the P&L statement for the quarter.

Historical Stock Returns for East Buildtech

1 Day5 Days1 Month6 Months1 Year5 Years
-2.00%-2.61%+11.38%0.0%+0.41%0.0%

Will East Buildtech be able to sustain this revenue momentum in Q2FY27, or was the surge driven by one-off project completions?

How does the capitalization of ₹37.90 lakh in interest affect the company's long-term debt servicing capacity and future finance costs?

What is the current pipeline of active projects in the real estate segment to support continued growth beyond the recognized revenue?

More News on East Buildtech

1 Year Returns:+0.41%