Emerald Leisures Limited reported a net loss of Rs 852.17 lakh for the financial year ended March 31, 2026, narrowing from Rs 1079.84 lakh in the previous year. Revenue from operations increased to Rs 1651.91 lakh from Rs 1500.34 lakh in FY25. The Board has recommended the re-appointment of two directors and sought shareholder approval for related party transactions and issuance of non-convertible debentures.

Financial Performance

The company recorded a total income of Rs 1674.15 lakh on a standalone basis for FY 2025-26, compared to Rs 1523.29 lakh in the previous financial year. The loss before depreciation, interest and tax improved to Rs 670.35 lakh from Rs 861.31 lakh in FY 2024-25. Depreciation and amortization expenses reduced to Rs 181.82 lakh during the year from Rs 218.53 lakh in the previous year.

On a consolidated basis, the company recorded a total income of Rs 1670.29 lakh during FY 2025-26. Consolidated loss after tax stood at Rs 856.04 lakh as against Rs 1079.84 lakh in FY 2024-25.

Operations and Future Outlook

The company continued to focus on enhancing operational efficiencies and cost optimization during the year. The management stated that the company has successfully obtained a Letter of Intent (LOI) for its real estate project at Chembur in April 2026 and is working towards securing further approvals. The company expects to start the project by Q3 of the financial year.

Board and Shareholder Approvals

The Board has recommended the re-appointment of Mr. Nikhil Vinod Mehta and Mr. Jashwant Bhaichand Mehta as directors, who retire by rotation at the 92nd Annual General Meeting (AGM) scheduled for July 23, 2026.

Shareholders will vote on an ordinary resolution to approve material related party transactions up to an aggregate limit of Rs 100 crore for the financial year 2026-27 and up to September 30, 2027. Additionally, the company has sought approval to issue secured or unsecured redeemable non-convertible debentures on a private placement basis in one or more tranches.

The Board has also proposed altering the Articles of Association to insert a new Article 95A, enabling the appointment of nominee directors by banks, financial institutions, or lenders.

Emerald Leisures Limited has scheduled its 92nd Annual General Meeting (AGM) for July 23, 2026, via Video Conferencing (VC) or Other Audio Visual Means (OAVM). The Register of Members and Share Transfer Books will remain closed from July 17, 2026, to July 23, 2026, to determine shareholder eligibility for the meeting. The cut-off date for e-voting eligibility is July 16, 2026.

The board has recommended the re-appointment of Mr. Nikhil Vinod Mehta and Mr. Jashwant Bhaichand Mehta, Directors retiring by rotation. Shareholders will also vote on an Ordinary Resolution to approve Material Related Party Transactions up to an aggregate limit of ₹100 Crores for FY 2026-27 until September 30, 2027.

Key Resolutions

The AGM agenda includes special business items requiring shareholder approval:

• Fundraising: Approval to issue secured or unsecured redeemable Non-Convertible Debentures (NCDs) on a private placement basis within overall borrowing limits.
• Articles of Association: Alteration to insert Article 95A, enabling the Board to appoint a Nominee Director.
• RPT Limit: Authorization for the Board to enter into contracts with related parties including Mr. Jaydeep Vinod Mehta and Mr. Rajesh Loya, covering transactions such as borrowing up to ₹80 Crores and property leasing up to ₹30 Crores.

Meeting and Voting Details

Ms. Zankhana Bhansali, Proprietor of M/s. Zankhana Bhansali & Associates, has been appointed as the Scrutinizer. The remote e-voting period commences on July 20, 2026, at 9:00 a.m. IST and concludes on July 22, 2026, at 5:00 p.m. IST. The facility to attend the AGM through VC/OAVM will be available to 1,000 members on a first-come, first-served basis, excluding large shareholders and promoters.