Roselabs Finance Limited shareholders are advised that the company’s 32nd Annual General Meeting (AGM) will be held on Thursday, August 27, 2026, at 11:00 a.m. (IST) via Video Conference or Other Audio-Visual Means (OAVM). The meeting aims to transact routine business, including the approval of financial statements for FY25-26. Remote e-voting is available from August 24 to August 26, 2026, with National Securities Depository Limited (NSDL) facilitating the process.

In other market developments, Larsen & Toubro Limited announced its unaudited consolidated financial results for the quarter ended June 30, 2026. The engineering and construction major reported a net profit attributable to owners of ₹4,122.85 crore, up from ₹3,617.19 crore in Q4FY25. This growth was underpinned by a 7% year-on-year increase in revenue from operations, which stood at ₹67,941.74 crore compared to ₹63,678.92 crore in the previous year’s corresponding quarter.

Financial Performance Overview

The company’s profitability metrics showed consistent improvement during the period. Profit before tax (PBT) rose to ₹6,922.26 crore from ₹5,859.53 crore in Q4FY25. Basic earnings per share (EPS) increased to ₹29.97 from ₹26.30 in the prior year quarter. For the full financial year ended March 31, 2026, L&T reported a total revenue of ₹285,874.36 crore and a net profit attributable to owners of ₹16,083.99 crore.

Strategic Divestments and Corporate Actions

L&T has been actively restructuring its portfolio through strategic divestments. The company divested its entire stake in Nabha Power Limited (NPL), a step-down subsidiary, on June 25, 2026, via its wholly-owned subsidiary L&T Power Development Limited. Consequently, NPL ceased to be part of L&T’s consolidated group.

Additionally, L&T signed a Share Purchase Agreement on April 29, 2026, with Hyderabad Metro Rail Limited to divest its entire equity stake in L&T Metro Rail (Hyderabad) Limited (LTMRHL). The conditions precedent for this closure are expected to be completed by September 30, 2026. Until then, the assets and liabilities of LTMRHL continue to be classified as "Held for Sale" in the financial statements.

What the Numbers Show

The divergence between revenue growth and profit expansion highlights improving operational efficiency. While revenue grew by approximately 7%, profit before tax expanded by nearly 18%, suggesting effective cost management and margin optimization. The absence of exceptional items in Q4FY26, compared to a gain of ₹68.65 crore in Q4FY25, indicates that the current quarter’s profit growth is primarily driven by core operational performance rather than one-off gains. This operational strength positions L&T well for sustained earnings quality in the coming quarters.

Roselabs Finance Limited reported a 70% year-on-year surge in revenue from operations to ₹120.75 lakhs for the financial year ended March 31, 2026 (FY26), driven by sales of building materials. Despite the top-line growth, the company recorded a wider net loss of ₹30.70 lakhs compared to ₹29.17 lakhs in FY25, as total expenses rose to ₹140.53 lakhs from ₹101.76 lakhs. The holding company, Lodha Developers Limited, continues to fund Roselabs Finance’s operations through interest-free loans, with outstanding borrowings reaching ₹507.45 lakhs.

The Board of Directors has convened the 32nd Annual General Meeting (AGM) for Thursday, August 27, 2026, via Video Conference or Other Audio-Visual Means. Shareholders will vote on the reappointment of Mr. Raghava Reddy Balineni as Managing Director for a five-year term starting May 31, 2026, and the appointment of M/s Walker Chandiok & Co. LLP as Statutory Auditors. Ms. Sanjyot Rangnekar also retires by rotation and offers herself for reappointment. Remote e-voting opens on Monday, August 24, 2026, at 9:00 a.m. IST and closes on Wednesday, August 26, 2026, at 5:00 p.m. IST.

Financial Performance Overview

Roselabs Finance does not have ongoing business operations or NBFC activities, having had its Certificate of Registration cancelled in FY18-19. The revenue growth in FY26 stems primarily from related-party transactions, specifically the sale of building materials to Cowtown Infotech Services Limited, a subsidiary of the holding company. This contrasts with FY25, where similar sales were made to Lodha Developers Limited.

The increase in expenses outpaced revenue growth, leading to a decline in the net profit ratio to -0.25% from -0.40%. The company’s current ratio fell by 46.16% to 3.05, reflecting a decrease in current assets. No dividend was recommended for the year due to accumulated losses.

Governance and Auditor Changes

M/s MSKA & Associates LLP completes its second consecutive five-year term as Statutory Auditor upon conclusion of the AGM. The Audit Committee selected M/s Walker Chandiok & Co. LLP through a tender process evaluating independence and technical skills. The proposed remuneration for the new auditors is ₹3,00,000 for FY26-27, matching the fee paid to outgoing auditors. Mr. Balineni will continue to draw no remuneration from Roselabs Finance, receiving compensation instead from Lodha Developers Limited.

Merger Progress

Roselabs Finance, along with National Standard (India) Limited, filed a Scheme of Merger by Absorption with Lodha Developers Limited before the National Company Law Tribunal (NCLT), Mumbai Bench, on June 11, 2026. The scheme was approved by BSE Limited on December 30, 2025. The merger aims to streamline the group structure, as Roselabs Finance has no independent operational footprint.