Ganesh Housing promoters declare no encumbrance in FY26

1 min read     Updated on 16 Jun 2026, 12:30 AM
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Ganesh Housing Limited disclosed that its promoters and persons acting in concert (PACs) have not created any encumbrance on their shares during the financial year 2025-2026, other than those previously disclosed. The declaration was submitted to the stock exchanges in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing lists ten individuals and entities under the promoter and promoter group categories.

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Ganesh Housing Limited has informed the stock exchanges that its promoters and persons acting in concert (PACs) did not create any fresh encumbrance on their shares during the financial year 2025-2026, apart from those already disclosed. The disclosure was made to comply with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, ensuring transparency regarding the pledging of shares by key stakeholders.

The filing, dated April 06, 2026, confirms that no direct or indirect encumbrances were established by the promoter group during the specified period. This declaration provides shareholders with assurance regarding the financial leverage of the company's primary owners, as unencumbered promoter holdings are generally viewed as a positive indicator of corporate governance.

The disclosure identifies ten individuals and entities falling under the categories of Promoter and Promoter Group. The list includes key personnel such as Shekhar Govindhai Patel and Dipakkumar Govindhai Patel, who signed the declaration on behalf of the entity.

Promoter and PAC Details

The following table outlines the entities and individuals covered under the disclosure:

Sr No. Name of Entity/Person Category
1 SHEKHAR GOVINDBHAI PATEL Promoter
2 DIPAKKUMAR GOVINDBHAI PATEL Promoter
3 ANMOL DIPAKKUMAR PATEL Promoter Group
4 AMANVIR SHEKHAR PATEL Promoter Group
5 SAPNABEN DIPAKKUMAR PATEL Promoter Group
6 ANERI DIPAKKUMAR PATEL Promoter Group
7 ARCHANA SHEKHARBHAI PATEL Promoter Group
8 KAILASHBEN JAYANTILAL PATEL Promoter Group
9 HEMANG JAYANTIBHAI PATEL Promoter Group
10 SHRI GANESH CONSTRUCTION PVT LTD Promoter Group

The communication was addressed to BSE Limited and the National Stock Exchange of India Ltd., with copies sent to the Members of the Audit Committee of ganesh housing . The company is formerly known as Ganesh Housing Corporation Limited.

Historical Stock Returns for Ganesh Housing

1 Day5 Days1 Month6 Months1 Year5 Years
+1.29%+2.12%+9.95%-2.89%-16.89%+669.28%

How will the absence of fresh share encumbrances impact Ganesh Housing's ability to secure future financing for expansion?

Does this clean pledge status position the company to attract increased institutional investor interest in the upcoming fiscal year?

What are the company's capital allocation plans given the promoters' current unencumbered holding position?

Ganesh Housing FY26 profit falls 47%, eyes FY27 growth

2 min read     Updated on 04 Jun 2026, 01:42 AM
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Ganesh Housing Corporation Limited reported a 47% decline in consolidated net profit to ₹31,625.81 lakh for FY26, with revenue decreasing to ₹51,137.42 lakh. The board recommended a dividend of ₹1.50 per share. Management cited FY26 as a transition year, highlighting progress at Million Minds Tech City and Malabar Retreat, while maintaining strong land reserves.

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Ganesh Housing Corporation Limited reported a 47% decline in consolidated net profit to ₹31,625.81 lakh for the financial year ended March 31, 2026, compared to ₹59,806.00 lakh in the previous year. The company, now known as Ganesh Housing Limited, disclosed its audited standalone and consolidated financial results for Q4 and FY26 on May 29, 2026. Revenue from operations for the year stood at ₹51,137.42 lakh, a decrease from ₹95,976.18 lakh in FY25. For the quarter ended March 31, 2026, the company reported a standalone net loss of ₹147.43 lakh, compared to a net profit of ₹1,053.84 lakh in the corresponding quarter of the previous year.

Financial Performance

The board has recommended a dividend of ₹1.50 per equity share of ₹10 each for FY26, subject to shareholder approval at the Annual General Meeting scheduled for September 11, 2026. The record date for determining dividend entitlement has been fixed as August 31, 2026. M/s J.M Parikh & Associates, Chartered Accountants (Statutory Auditors), issued an audit report with an unmodified opinion on the standalone and consolidated financial results.

Metric (₹ in Lakhs) Q4 FY26 Q4 FY25 YoY Change
Revenue from Operations 9,506.07 25,138.95 (62%)
Total Income 12,175.61 25,908.48 (53%)
Net Profit (Consolidated) 6,136.20 16,490.02 (63%)
Net Profit/(Loss) (Standalone) (147.43) 1,053.84 -

Operational Updates and Outlook

Management characterized FY26 as a transition year focused on project advancements and leasing progress, citing geopolitical challenges and input cost pressures. The company highlighted the inauguration of the first phase of Million Minds Tech City, a 65-acre development with a potential of 18 million square feet. Leasing traction for Phase 1, which has a leasable area of 0.85 million square feet, has reached 60% to 65%, with inquiries increasing post-inauguration. The project is expected to generate annual lease revenues exceeding ₹75 crores upon stabilization.

The Malabar Retreat project is approximately 79% complete, with bookings and sales commitments of ₹175 crores against a project value of ₹450 crores. The One 91 Thaltej project is in the planning and design approval stages. The company holds approximately 518 acres of fully paid land reserves across high-growth corridors in Ahmedabad, with recent acquisitions of roughly 7 acres in Q4 FY26.

Auditor and Board Appointments

The board appointed J.B Mistri & Co., Cost Accountants, as the Cost Auditor for the financial year 2026-2027. Additionally, Purnesh R. Mehta & Co., Chartered Accountants, was appointed as the Internal Auditor for FY27. These appointments were made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015, the company published newspaper advertisements for the audited financial results in Financial Express (English) and Financial Express (Gujarati) on May 30, 2026.

Historical Stock Returns for Ganesh Housing

1 Day5 Days1 Month6 Months1 Year5 Years
+1.29%+2.12%+9.95%-2.89%-16.89%+669.28%

What is the expected timeline for the Malabar Retreat project to reach full completion and realize the remaining sales potential?

How will the company mitigate input cost pressures and geopolitical challenges in the upcoming financial year?

What are the projected revenue contributions from the Million Minds Tech City once it reaches full stabilization?

More News on Ganesh Housing

1 Year Returns:-16.89%