Grovy India Limited reported a 61.5% rise in net profit to ₹289.81 lakh for the financial year ended March 31, 2026, compared to ₹179.43 lakh in the previous year. Revenue from operations increased to ₹3,320.10 lakh from ₹2,541.68 lakh in FY25, driven by the execution of premium residential projects in South Delhi. The company’s total income stood at ₹3,534.88 lakh for the year.

The Board of Directors has recommended a dividend of 1%, or ₹0.10 per share, for the financial year 2025-26. This dividend is subject to shareholder approval at the Annual General Meeting scheduled for July 8, 2026. The record date for determining shareholder eligibility is July 1, 2026.

Financial Performance

The company’s Profit Before Depreciation and Tax improved to ₹3,142.65 lakh in FY26 from ₹2,389.48 lakh in the previous year. Earnings Per Share (EPS) increased to ₹2.17 from ₹1.35 in the prior year. Reserves and Surplus grew to ₹971.74 lakh as of March 31, 2026, up from ₹708.00 lakh at the end of FY25.

Operational Highlights

During the year, Grovy India successfully delivered residential projects in Greater Kailash 1, covering areas of 20,000 sq.ft and 22,000 sq.ft. The company continues to focus on redevelopment opportunities in supply-constrained markets of South Delhi and Lutyens Delhi. Ongoing projects include developments in Hauz Khas, Anand Niketan, and Neeti Bagh.

Corporate Governance

M/s. Ajay Rattan & Co., Chartered Accountants, were appointed as the Statutory Auditors for a term of five years. The company confirmed that no material changes or commitments affecting its financial position occurred between the end of the financial year and the date of the report. The Board also approved the re-appointment of Independent Directors Mr. Nawal Kishore Choudhury and Mr. Anupam Singh Sisodia.

Grovy India Limited has approved a comprehensive restructuring of its senior management and leadership framework. The Board of Directors, at its meeting held on June 12, 2026, appointed Mr. Prakash Chand Jalan as the Managing Director & Chairperson for a period of five years, subject to shareholder approval. This strategic realignment aims to strengthen the company's executive hierarchy and leverage the extensive experience of its leadership in the real estate sector.

The Board approved the cessation of Mr. Nishit Jalan from the position of Whole-time Director & Chief Executive Officer and his subsequent appointment as Chief Financial Officer with effect from June 12, 2026. Additionally, Mr. Ankur Jalan ceased his role as Chief Financial Officer to take up the position of Non-Executive Director, also effective June 12, 2026. These transitions are part of a broader reshuffle designed to optimize the company's management structure.

The following table outlines the approved changes in roles for the key personnel:

Mr. Prakash Chand Jalan possesses extensive experience in business strategy, project development, and corporate management. The disclosures confirm that he is related to Mr. Nishit Jalan, Mrs. Anita Jalan, and Mr. Ankur Jalan. The resignations of Mr. Nishit Jalan and Mr. Ankur Jalan from their previous posts were submitted pursuant to this proposed restructuring, with no other material reasons cited.

The intimation regarding these appointments and cessations has been submitted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 04:00 P.M. and concluded at 05:30 P.M. on June 12, 2026.