Lake Shore Realty Limited returned to profitability in the quarter ended June 30, 2026, reporting a net profit of ₹18.80 lakh. This marks a significant turnaround from the net loss of ₹5.60 lakh recorded in the quarter ended March 31, 2026. The company’s financial performance was driven entirely by other income, as revenue from operations remained at ₹0.00 for the period.

The Board of Directors approved the unaudited financial results for Q1FY26 during a meeting held on July 17, 2026. The meeting commenced at 12:30 p.m. and concluded at 01:35 p.m. The board also took on record the Limited Review Report issued by M/s PGS & Associates, the statutory auditors, in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Total income for the quarter stood at ₹36.00 lakh, solely comprising other income, which decreased from ₹61.76 lakh in the previous quarter. Total expenses for the period were ₹10.89 lakh, a sharp reduction from the ₹60.14 lakh incurred in the quarter ended March 31, 2026. This contraction in expenses, alongside the absence of finance costs and fees, contributed to the improved bottom line.

The profit before tax for the quarter was ₹25.11 lakh. Following a tax expense of ₹6.31 lakh, comprising current tax and deferred tax, the company arrived at a profit for the period of ₹18.80 lakh. Basic and diluted earnings per share (EPS) for the quarter were reported at ₹0.54, compared to a loss per share of ₹0.16 in the preceding quarter.

Financial Performance Summary

The independent auditor's review report confirmed that the financial results were prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34. The review was conducted in accordance with the Standard on Review Engagements (SRE) 2410 issued by the Institute of Chartered Accountants of India (ICAI).

Lake Shore Realty Limited (formerly Mahaan Foods Limited) conducted its 39th Annual General Meeting on July 15, 2026, through video conferencing to adopt the audited financial statements for the financial year ended March 31, 2026. The meeting, chaired by Ms. Bhairavi Chandrakant Goswami, commenced at 12:10 P.M. IST with requisite quorum present and concluded at 12:38 P.M. IST. The proceedings were conducted in accordance with circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.

The company's total shareholder base stood at 4,430 as of the cut-off date of July 8, 2026. A total of 59 shareholders attended the meeting through video conferencing, comprising one from the promoter group and 58 from the public category. No shareholders were present in person or through proxy. All Directors of the company attended the AGM.

Key Resolutions

Shareholders transacted two ordinary resolutions during the meeting. The first resolution involved receiving, considering, and adopting the standalone audited financial statements for FY26 along with the Board's Report and Auditors' Report. The second resolution pertained to the reappointment of Ms. Bhairavi Chandrakant Goswami as Managing Director, who was liable to retire by rotation.

The Moderator introduced Mr. Ankit Singh, who was appointed as Company Secretary and Compliance Officer effective from November 13, 2025. The company appointed CS Dipti Zaveri, a Practicing Company Secretary, as the Scrutinizer to oversee the e-voting process. The statutory auditors' report and secretarial audit report had no qualifications and were taken as read.

Ms. Goswami addressed the meeting regarding the company's projects in the realty sector. Shareholders sought clarifications on the company's accounts and businesses, which the Chairperson addressed. The e-voting window closed at 12:53 P.M. IST, and the results will be declared upon receipt of the Scrutinizer's report. The final voting results will be submitted to the stock exchanges and uploaded to the company's website in due course.