Grovy India Limited has acquired a new premium luxury residential project situated in Defence Colony, New Delhi. The acquisition, announced on May 27, 2026, covers an approximate development area of 15,000 sq. ft. This strategic move is designed to reinforce the company's footprint in one of South Delhi's most prestigious residential neighbourhoods and support its long-term growth in the premium real estate segment.

Project Details

The newly acquired asset aligns with Grovy India Limited's vision of developing high-quality residential spaces characterized by modern design and refined urban aesthetics. The company disclosed that this development will contribute positively to its project portfolio.

The disclosure regarding this acquisition was made voluntarily to the stock exchange. The company confirmed that the attached information does not qualify as “Material Information” under regulatory norms but was shared to keep stakeholders informed about its expansion activities.

Grovy India Limited submitted the newspaper publication of its audited financial results for the quarter and year ended March 31, 2026, to BSE Limited under Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Simran Rajput digitally signed the submission on May 1, 2026, at 15:45:17 +05'30', confirming publication in Financial Express (English) and Jansatta (Hindi).

Strong Financial Performance Highlights

The audited results, previously showcased in the investor presentation submitted on April 30, 2026, demonstrated robust financial metrics for FY26. Total revenue reached ₹3,534.88 lakhs, representing a 34.09% increase from ₹2,636.17 lakhs in the previous year. Profit After Tax surged by 61.52% to ₹289.81 lakhs from ₹179.43 lakhs, while Earnings Per Share grew 60.74% from ₹1.35 to ₹2.17.

Strategic Market Positioning

Established in 1985 with over 40 years of experience, Grovy India has delivered 100+ projects serving 500+ families across South and Lutyens Delhi. The company operates as a niche luxury developer focusing on supply-constrained premium markets through turnkey, outright, and joint venture models. The company maintains a strategic advantage in South Delhi's redevelopment market, valued at ₹6 lakh crore across 40 colonies.

Comprehensive Project Portfolio

The company maintains an extensive project pipeline across prime South Delhi locations including Greater Kailash, Hauz Khas, East of Kailash, Anand Niketan, Neeti Bagh, and Defence Colony. Multiple projects spanning areas from 10,000 to 36,000 sq.ft are in various stages of completion, with deliveries scheduled through Q4 FY28.

Regulatory Compliance and Governance

The Board of Directors approved the results at their meeting on April 30, 2026. Company Secretary Simran Rajput (Membership A77691) ensured regulatory compliance through both the investor presentation submission under Regulation 30 and the newspaper publication under Regulation 47. The company maintains transparency through regular BSE filings and adherence to SEBI listing regulations.