Lake Shore Realty Limited has scheduled its 39th Annual General Meeting for July 15, 2026, to adopt the audited financial statements for the financial year ended March 31, 2026. The meeting will be conducted exclusively through video conferencing and other audio-visual means in compliance with Ministry of Corporate Affairs and SEBI circulars. The board proposes the re-appointment of Ms. Bhairavi Chandrakant Goswami as Managing Director, liable to retire by rotation.

For the financial year ended March 31, 2026, the company reported a net profit of ₹16.41 lakh, a decrease from ₹72.85 lakh in the previous year. Total revenue stood at ₹131.46 lakh, compared to ₹135.80 lakh in FY25. The earnings per share (EPS) declined to ₹0.47 from ₹2.08 in the preceding year. The company's current ratio improved to 31.26 times in FY26 from 47.94 times in FY25, while the debt-equity ratio remained at 0.

Remote e-voting will commence on July 12, 2026, at 09:00 a.m. IST and conclude on July 14, 2026, at 05:00 p.m. IST. Central Depository Services (India) Limited (CDSL) has been engaged as the authorized agency to conduct the remote e-voting process and provide e-voting facilities during the AGM. CS Dipti Zaveri, Practicing Company Secretary, has been appointed as the Scrutinizer.

The cut-off date for determining shareholder eligibility to vote and attend the meeting is July 8, 2026. Members participating through VC/OAVM will be counted for quorum purposes under Section 103 of the Companies Act, 2013. The facility for the meeting is being provided by Central Depository Services Limited.

Mahaan Foods reported a 77% decline in net profit to ₹16.41 lakh for the financial year ended March 31, 2026, down from ₹72.85 lakh in the previous year. The company, which changed its name from Mahaan Foods Limited to Lake Shore Realty Limited effective April 22, 2025, recorded revenue from operations of ₹0.30 lakh compared to nil in the prior year. Other income decreased to ₹131.16 lakh from ₹135.80 lakh in FY25, resulting in a total revenue of ₹131.46 lakh.

The Board of Directors approved the audited financial results and the Directors' Report for FY26 at a meeting held on June 19, 2026. Profit before tax for the year stood at ₹23.29 lakh, a significant decrease from ₹96.85 lakh in the previous year. The company provided for current tax of ₹5.87 lakh and deferred tax of ₹0.18 lakh during the year.

Financial Performance

The company's financial statements for the year reflect the transition in its business operations from manufacturing dairy and pharma nutritional products to real estate and infrastructure development. The paid-up share capital remained unchanged at ₹3,50,07,000, divided into 35,00,700 equity shares of ₹10 each.

Management and Governance Changes

During the financial year, the company underwent a significant change in management and control pursuant to a Share Purchase Agreement executed on May 30, 2025. Consequently, several directors resigned, and new appointments were made to the Board. Ms. Bhairavi Chandrakant Goswami was appointed as Managing Director, while Mr. Himanshu Dineshkumar Joshi and Mr. Ankit Dinesh Singh were appointed as CFO and Company Secretary & Compliance Officer, respectively.

The Board was reconstituted post the financial year, with Mr. Narendra Kumar Verma appointed as an Additional Independent Director effective May 15, 2026. Mrs. Ruchi Ghanashyam resigned from the Board effective April 1, 2026. The Audit, Nomination & Remuneration, and Stakeholder Relationship Committees were also reconstituted to align with the new Board composition.

Operational Outlook

The company stated that it is constantly looking for viable business proposals and is formulating business plans for future growth. Its vision involves leading in the development and management of large-scale projects across real estate, infrastructure, hospitality, education, healthcare, and industrial warehousing sectors. The company aims to explore opportunities for growth beyond domestic borders and provide integrated turnkey services.