Epsom Properties has scheduled its 39th Annual General Meeting (AGM) for Monday, August 31, 2026, at 11:30 AM IST. The meeting will address matters pertaining to the financial year ended March 31, 2026, and will be conducted through Video Conferencing (VC) to ensure shareholder participation. This arrangement aligns with the Ministry of Corporate Affairs (MCA) General Circular No. 03/2025 dated September 22, 2025, and relevant Securities and Exchange Board of India (SEBI) circulars.

The company notified the Department of Corporate Services at BSE Limited on August 5, 2026, confirming compliance with Listing Regulations, SEBI Guidelines, and Company Laws. The AGM is a statutory requirement for listed entities to present annual accounts and seek shareholder approvals for key resolutions.

Key Meeting Details

The decision to hold the meeting via VC reflects adherence to regulatory flexibility provided under the MCA General Circular No. 03/2025. Shareholders are expected to participate remotely, ensuring broader accessibility while maintaining procedural integrity.

Tejaswi Sanga, Whole Time Director and Chief Financial Officer, authorized the communication to the exchange. The company’s registered office is located at Old No. 249, New No. 339, Safi House, 2nd Floor, Anna Salai, Teynampet, Chennai.

Epsom Properties Limited reported a narrowed net loss of ₹11.63 lakh for the first quarter ended June 30, 2026 (Q1FY26), compared to a ₹17.67 lakh loss in the preceding quarter ended March 31, 2026. The Chennai-based property developer recorded zero revenue from operations, with the improvement in profitability driven by a significant reduction in finance costs and stable employee benefit expenses.

The Board of Directors approved the unaudited standalone financial results on July 30, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by S. Vishnu & Co., Chartered Accountants, the company’s independent auditor. The financial statements were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) and Schedule III of the Companies Act, 2013.

Financial Performance Overview

The company continued to report nil revenue from operations, other operating income, and other income for the quarter. Total expenses stood at ₹11.63 lakh, comprising finance costs of ₹3.70 lakh, employee benefit expenses of ₹2.10 lakh, and other expenses of ₹5.83 lakh. There were no material consumed, stock-in-trade purchases, or depreciation charges recorded during the period.

Key Observations

The most significant driver behind the quarter-over-quarter improvement was the sharp decline in finance costs, which fell to ₹3.70 lakh from ₹12.87 lakh in the preceding quarter. This reduction offset a rise in other expenses, which increased to ₹5.83 lakh from ₹2.69 lakh. Employee benefit expenses remained flat at ₹2.10 lakh.

On a year-on-year basis, the net loss widened to ₹11.63 lakh from ₹8.02 lakh in Q1FY25, primarily due to the emergence of finance costs in the current period, whereas no such costs were reported in the corresponding quarter last year. The company’s paid-up equity share capital remained unchanged at ₹745.28 lakh, while reserves excluding revaluation reserves stood at negative ₹942.37 lakh, compared to negative ₹908.05 lakh in the previous accounting year. Earnings per share (EPS) were reported at -₹0.016 for the quarter.