Geecee Ventures Limited convened its Board of Directors meeting on Saturday, May 16, 2026, wherein the board considered and approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board also recommended a final dividend of Rs. 2/- (Rupees two only) per equity share of Rs. 10/- each for the financial year ended March 31, 2026, subject to approval by members at the ensuing Annual General Meeting. The date of the Annual General Meeting, along with the dividend payment date and record date, will be intimated to the stock exchanges separately. The meeting commenced at 12:15 P.M. and concluded at 02:00 P.M.

Standalone Financial Performance

On a standalone basis, Geecee Ventures reported a net profit of Rs. 4,166.65 lakhs for the year ended March 31, 2026, compared to Rs. 4,138.84 lakhs in the previous year. Total income for the year stood at Rs. 7,456.87 lakhs, against Rs. 12,731.35 lakhs in the prior year. The Financial Services segment was the primary revenue driver, contributing Rs. 5,707.28 lakhs to income from investments and loans for the year. The company noted that during the quarter, income from investments and loans includes a mark-to-market gain of ₹26.18 crores on a single unquoted financial investment. Total comprehensive income for the year was Rs. 5,554.28 lakhs, compared to Rs. 13,211.58 lakhs in the previous year.

The following table summarises the key standalone financial results:

Segment-wise Standalone Performance

On a standalone segment basis, the Real Estate segment contributed revenue of Rs. 1,454.51 lakhs for the year ended March 31, 2026, compared to Rs. 9,373.28 lakhs in the prior year, with segment profit before tax and interest of Rs. 263.44 lakhs versus Rs. 2,965.89 lakhs previously. The Financial Services segment reported revenue of Rs. 5,707.28 lakhs for the year, up from Rs. 3,128.00 lakhs, with segment results of Rs. 5,119.81 lakhs compared to Rs. 2,642.99 lakhs in the prior year. Total standalone segment assets stood at Rs. 1,36,727.58 lakhs as at March 31, 2026, against Rs. 1,14,919.76 lakhs as at March 31, 2025, while total segment liabilities were Rs. 57,657.32 lakhs versus Rs. 40,985.55 lakhs, resulting in capital employed of Rs. 79,070.26 lakhs compared to Rs. 73,934.21 lakhs.

Consolidated Financial Performance

On a consolidated basis, which includes subsidiaries Geecee Fincap Limited, Geecee Business Private Limited, Retold Farming Private Limited, Neptune Farming Private Limited, Oldview Agriculture Private Limited, and joint venture Geecee Nirmaan LLP, the company reported a net profit of Rs. 4,207.23 lakhs for the year ended March 31, 2026, compared to Rs. 4,674.99 lakhs in the previous year. Consolidated total income for the year was Rs. 7,584.70 lakhs against Rs. 13,557.96 lakhs in the prior year. Total comprehensive income on a consolidated basis stood at Rs. 5,921.70 lakhs for the year, compared to Rs. 13,907.95 lakhs previously.

Standalone Balance Sheet Highlights

The standalone statement of assets and liabilities as at March 31, 2026 reflects total assets of Rs. 1,36,727.58 lakhs, compared to Rs. 1,14,919.76 lakhs as at March 31, 2025. Total equity stood at Rs. 79,070.26 lakhs, comprising equity share capital of Rs. 2,091.17 lakhs and other equity of Rs. 76,979.09 lakhs. Inventories increased significantly to Rs. 65,631.00 lakhs from Rs. 36,658.54 lakhs, while cash and cash equivalents stood at Rs. 21,869.88 lakhs versus Rs. 26,625.30 lakhs in the prior year. Total liabilities were Rs. 57,657.32 lakhs against Rs. 40,985.55 lakhs previously.

Auditor's Report and Other Developments

The statutory auditor, M/s. M R B & Associates, Chartered Accountants (ICAI Firm Registration No. 136306W), issued an unmodified opinion on both the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026. In addition, the board re-appointed M/s. K. K. Naulakha & Co., Practicing Chartered Accountants, as the Internal Auditor for the Financial Year 2026-27. M/s K. K. Naulakha & Co. is a partnership firm established in 1982, led by senior partner CA. K. K. Naulakha, who holds qualifications in Information System Audit, Insurance & Risk Management, Valuation (ICAI), IFRS, Arbitration, Forensic Accounting and Fraud Examination, Co-operative Laws, Anti-Money Laundering, and GRI Certified Sustainability Training from BSI. The firm offers professional services across sectors including finance companies, metals, chemicals, garments, trading, investments, diamonds, share broking, properties, forex services, exports, banks, insurance, co-operative societies, public transportation, construction, stock audits, and photography.

Geecee Ventures Limited has informed the stock exchanges that its income tax appeal has been dismissed by the Commissioner of Income Tax (Appeals), prompting the company to plan a further appeal before the Income Tax Appellate Tribunal (ITAT).

Appeal Dismissal Details

The company received the dismissal order on April 27, 2026, at 04:46 p.m. on the same day it was issued. This appeal was originally filed against an Assessment Order dated May 30, 2023, passed by the Assessing Officer for Assessment Year 2017-18 (Financial Year 2016-17).

Nature of Tax Dispute

The income tax demand arose from the Assessing Officer's decision to disallow and add back dividend income that the company had claimed as exempt income. This addition of Rs. 13.40 crores to the company's total income formed the basis of the tax demand that Geecee Ventures contested through its appeal to the CIT(A).

Company's Next Steps

Following the dismissal of its appeal, Geecee Ventures has announced its intention to file a further appeal before the Income Tax Appellate Tribunal (ITAT) within the prescribed timelines. The company maintains confidence in its position, stating that it believes it has a reasonable case on merits.

Financial Impact Assessment

The company has indicated that it does not expect any material adverse impact on its financial position from this litigation. The expected financial implications are limited to the extent of the demand made, which amounts to Rs. 13.40 crores.

Regulatory Compliance

This disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, continuing the company's earlier disclosure dated May 30, 2023, regarding the raising of demand and filing of the initial appeal.