Geecee Ventures Limited has successfully completed its final payment of Rs 1.39 crores for partly paid-up equity shares of Adani Enterprises Limited (AEL) on March 13, 2026. This payment represents the second and final call installment for the company's strategic investment in AEL shares.

Investment Details and Share Allotment

The company had initially applied for 34,000 partly paid-up equity shares of Adani Enterprises Limited at Rs 1800 per share. Following the application, AEL's Rights Issue Committee approved the allotment of 30,912 partly paid-up equity shares to Geecee Ventures.

Target Company Profile

Adani Enterprises Limited, incorporated on March 02, 1993, serves as the flagship company of the Adani Portfolio. The company operates in the trading-minerals sector and maintains a presence across India, Australia, Indonesia, Singapore, the Middle East, and parts of Southeast Asia.

Historical Performance Overview

Adani Enterprises Limited has demonstrated varying revenue performance over the past three years:

Investment Rationale and Regulatory Compliance

This investment forms part of Geecee Ventures' investment portfolio activities. The company has confirmed that this acquisition does not constitute a related party transaction, with no promoter or group company interest in the acquired entity. The total investment cost exceeds the threshold specified in Regulation 30(4)(i)(c) of SEBI (LODR) Regulations 2015, requiring mandatory disclosure to stock exchanges.

Transaction Completion

The acquisition has been completed entirely through cash consideration, with no governmental or regulatory approvals required. Geecee Ventures has now acquired 30,912 partly-paid up equity shares of AEL, representing a miniscule portion of the company's overall investment portfolio. The company completed all regulatory disclosures as required under SEBI regulations, ensuring full compliance with listing obligations.

Geecee Ventures reported its unaudited financial results for the third quarter of FY26 ended December 31, 2025, showing a significant decline in key financial metrics compared to the corresponding period last year. The Mumbai-based company, engaged in real estate and financial services, faced challenging market conditions during the quarter.

Financial Performance Overview

The company's standalone financial performance reflected a substantial year-on-year decline across major parameters:

Segment-wise Revenue Analysis

Geecee Ventures operates through two primary business segments, both experiencing revenue declines during the quarter:

The Real Estate segment, which constitutes the larger portion of the business, saw an 81.8% decline in revenue to ₹864.08 crores. However, the Financial Services segment showed resilience with a 9% growth to ₹721.45 crores.

Operational Metrics and Expenses

The company's expense structure showed mixed trends during the quarter. Total expenditure decreased to ₹997.06 crores from ₹3,311.07 crores in Q3FY25, primarily driven by lower material consumption and construction-related expenses.

Key expense components:

• Consumption of Raw Material & Construction Related Expenses: ₹18,092.44 crores
• Employee Benefit Expenses: ₹184.41 crores (up from ₹133.61 crores)
• Finance Cost: ₹15.50 crores (down from ₹24.60 crores)
• Depreciation: ₹50.70 crores (up from ₹49.90 crores)

Consolidated Results

On a consolidated basis, which includes subsidiaries and joint ventures, the company reported net profit attributable to shareholders of ₹493.69 crores compared to ₹1,951.34 crores in Q3FY25. Consolidated revenue from operations stood at ₹1,633.35 crores versus ₹5,873.58 crores in the previous year.

Nine-Month Performance

For the nine months ended December 31, 2025, the company reported standalone net profit of ₹1,816.37 crores compared to ₹3,800.84 crores in the corresponding period of FY25. Revenue from operations for the nine-month period was ₹4,076.78 crores against ₹11,200.04 crores in the previous year.

Corporate Governance

The Board of Directors approved these results at their meeting held on February 10, 2026, which commenced at 4:58 PM and concluded at 5:55 PM. The results have been subject to limited review by the company's statutory auditors, M R B & Associates, Chartered Accountants. The company maintains its paid-up equity share capital at ₹2,091.17 crores with a face value of ₹10 per share.