Lake Shore Realty Reports FY26 Net Profit of Rs 16.41 Lakh

1 min read     Updated on 25 May 2026, 04:42 PM
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Lake Shore Realty Limited announced its audited standalone financial results for the year ended March 31, 2026, reporting a net profit of Rs 16.41 lakh, a significant decline from Rs 72.85 lakh in the previous year. Total income for the year decreased to Rs 131.46 lakh from Rs 135.80 lakh, primarily due to increased total expenses. The board also approved the re-appointment of statutory auditors and other key administrative decisions.

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Lake Shore Realty Limited has announced its audited standalone financial results for the quarter and financial year ended March 31, 2026. The Board of Directors approved the results during its meeting held on May 23, 2026. For the financial year 2025-26, the company reported a total income of Rs 131.46 lakh and a net profit of Rs 16.41 lakh. In the corresponding previous year, the company recorded a total income of Rs 135.80 lakh and a net profit of Rs 72.85 lakh.

Financial Performance

The company's financial performance for the year ended March 31, 2026, reflects a decrease in profitability compared to the previous year. The key financial metrics are outlined below:

Particulars Year Ended March 31, 2026 (Rs. in lakhs) Year Ended March 31, 2025 (Rs. in lakhs)
Total Income 131.46 135.80
Total Expenses 108.17 38.95
Profit Before Tax 23.29 96.85
Net Profit 16.41 72.85
Earnings Per Share (Basic) 0.47 2.08

The decrease in net profit is attributed to higher total expenses during the current financial year. The company's net worth stood at Rs 2,037.51 lakh as of March 31, 2026, compared to Rs 2,021.10 lakh in the previous year.

Board Decisions

In addition to the financial results, the board approved the re-appointment of statutory auditors for the financial year 2026-27. Mr. Yogesh Agre was re-appointed as the Internal Auditor, and Dipti Zaveri & Co., Practicing Company Secretary, was re-appointed as the Secretarial Auditor. The board also approved conducting a postal ballot for the appointment of an Independent Director, shifting the registered office from Delhi to Maharashtra, and considering loans or guarantees under Section 185 of the Companies Act, 2013.

Regulatory Compliance

The intimation regarding the board meeting outcome was submitted to BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Ankit Dinesh Singh, Company Secretary and Compliance Officer.

Historical Stock Returns for Mahaan Foods

1 Day5 Days1 Month6 Months1 Year5 Years
+2.01%-0.94%-1.03%-30.06%-22.78%+117.15%

What specific cost drivers caused total expenses to nearly triple from Rs 38.95 lakh to Rs 108.17 lakh in FY2026, and are these expense increases expected to persist into FY2027?

How might the proposed shift of the registered office from Delhi to Maharashtra impact Lake Shore Realty's operational strategy, tax obligations, and access to real estate markets?

Who is being considered for the Independent Director appointment via postal ballot, and how might this addition strengthen the company's corporate governance amid declining profitability?

Lake Shore Realty Appoints Narendra Kumar Verma as Independent Director, Reconstitutes Board Committees

3 min read     Updated on 15 May 2026, 04:24 PM
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Lake Shore Realty Limited (formerly Mahaan Foods Limited) appointed Mr. Narendra Kumar Verma (DIN: 05164866) as Additional Non-Executive Independent Director for a 5-year term effective 15 May 2026, subject to member approval at the ensuing General Meeting. Mr. Verma brings over 46 years of Oil & Gas experience, including board-level roles at ONGC and ONGC Videsh. The Board also reconstituted its Audit, Nomination & Remuneration, and Stakeholders Relationship Committees following the resignation of Mrs. Ruchi Ghanashyam.

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Lake Shore Realty Limited (formerly Mahaan Foods Limited) convened a Board of Directors meeting on 15 May 2026 at its registered office in Punjabi Bagh, West Delhi. The meeting, which commenced at 12:00 p.m. and concluded at 12:40 p.m., resulted in two significant governance decisions: the appointment of a new Independent Director and the reconstitution of three key board committees. These actions were disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment of Additional Non-Executive Independent Director

The Board approved the appointment of Mr. Narendra Kumar Verma as an Additional Non-Executive Independent Director of Lake Shore Realty Limited for a term of 5 (Five) consecutive years, effective 15 May 2026 to 14 May 2031. The appointment is subject to approval by members at the ensuing General Meeting, and Mr. Verma is not liable to retire by rotation. The company has affirmed that Mr. Verma is not debarred from holding the office of director by virtue of any order of SEBI or any other such authority. His shareholding in the company is nil, and no relationship exists between him and the other directors.

Parameter: Details
Name: Mr. Narendra Kumar Verma
DIN: 05164866
Designation: Additional Non-Executive Independent Director
Tenure: 5 (Five) years
Effective From: 15 May 2026
Effective To: 14 May 2031
Liable to Retire by Rotation: No
Shareholding in Company: Nil

Director's Professional Profile

Mr. Narendra Kumar Verma brings over 46 years of experience in Oil & Gas exploration and production, including 8 years in board-level positions as Director Exploration and Business Development and as Managing Director and CEO of a Fortune 500 National Oil company (ONGC) with a global footprint. His career highlights include the following roles:

  • Oil and Natural Gas Corporation India (Fortune 500 Company): Exploration Manager and other capacities from September 1980 to December 2011
  • ONGC Videsh (International E&P Company) – Board Member: Director Exploration and Business Development from January 2012 to March 2013
  • Oil and Natural Gas Corporation India – Board Member: Director Exploration and Chairman, ONGC-Teri Biotech from April 2013 to July 2014
  • ONGC Videsh (International E&P Company) – Board Member: MD and CEO of ONGC Videsh and member of the ONGC Board from August 2014 to January 2019
  • Post February 2019 onwards: President, Rezlytix Technologies Ltd.; Ex. Chairman, Cogniwave AI Technologies Ltd.; Ex. Sr. Advisor to the Board of GEOPARK Ltd. (US-based E&P Company); Ex. Sr. Advisor to HSA Associates (Singapore-based Oil and Gas Service Company); MD, Tech Synergy LLC (UAE-based technology company); Ex. Partner MD, SSS Petroleum (UAE-based Petroleum Trading Company); Partner MD, Pheonix Partners LLC (US-based E&P Company)

Reconstitution of Board Committees

Following the resignation of Mrs. Ruchi Ghanashyam (DIN: 09148241) and the appointment of Mr. Narendra Kumar Verma, the Board reconstituted its three statutory committees. The revised compositions are as follows:

Audit Committee

Sr. No.: Name of Member Designation Category
1. Mr. Narendra Kumar Verma Chairperson Non-Executive, Independent Director
2. Mr. Vijay Kumar Member Non-Executive, Independent Director
3. Ms. Bhairavi Chandrakant Goswami Member Promoter, Executive Director

Nomination & Remuneration Committee

Sr. No.: Name of Member Designation Category
1. Mr. Narendra Kumar Verma Chairperson Non-Executive, Independent Director
2. Mr. Vijay Kumar Member Non-Executive, Independent Director
3. Mr. Chandan Hiralal Prajapati Member Non-Executive, Non-Independent Director

Stakeholders Relationship Committee

Sr. No.: Name of Member Designation Category
1. Ms. Bhairavi Chandrakant Goswami Chairperson Promoter, Executive Director
2. Mr. Chandan Hiralal Prajapati Member Non-Executive, Independent Director
3. Mr. Narendra Kumar Verma Member Non-Executive, Independent Director

The disclosures were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the relevant SEBI Circulars. The filing was signed by Ankit Dinesh Singh, Company Secretary and Compliance Officer of Lake Shore Realty Limited.

Historical Stock Returns for Mahaan Foods

1 Day5 Days1 Month6 Months1 Year5 Years
+2.01%-0.94%-1.03%-30.06%-22.78%+117.15%

How might Mr. Narendra Kumar Verma's extensive Oil & Gas background influence Lake Shore Realty's strategic direction, given the company's apparent focus on real estate?

What prompted Mrs. Ruchi Ghanashyam's resignation from the board, and could further leadership changes be expected at Lake Shore Realty in the near term?

Will shareholders approve Mr. Verma's appointment at the ensuing General Meeting, and are there any potential governance concerns that could complicate ratification?

More News on Mahaan Foods

1 Year Returns:-22.78%