Manas Properties confirmed the book closure period for its 22nd annual general meeting (AGM). The register of members and share transfer books will remain closed from September 22, 2026, to September 28, 2026.

The company issued a notice to BSE Limited on September 3, 2026, citing Section 91 of the Companies Act, 2023 and Regulation 42 of SEBI Listing Obligation and Disclosure Requirement, 2015. This logistical update follows recent governance changes approved by the board.

Board Composition Changes

The board appointed Mr. Tushar R Momaiyah as an additional non-executive independent director effective September 2, 2026. The board also accepted the resignation of Mr. Shailesh Vora, who cited personal commitments as the reason for his departure.

Mr. Momaiyah brings legal expertise to the board. He is an advocate with a B.Com and LL.B from Mumbai University. His practice includes civil, criminal, and constitutional cases in the Bombay High Court and the Supreme Court. He has handled matters involving financial institutions, corporate houses, and public interest litigations.

Mr. Vora resigned as a non-executive independent director effective September 2, 2026. His resignation letter stated that pre-occupation with other personal commitments prevented him from devoting sufficient time to the company’s affairs. He confirmed there were no other material reasons for his departure.

Committee Reconstitution

The board reconstituted its key committees effective September 2, 2026. Mr. Momaiyah was appointed chairman of the Audit Committee, Nomination and Remuneration Committee, Stakeholder Relationship Committee, and Corporate Social Responsibility (CSR) Committee.

Ms. Sony Ngatangmi Keishing remains a member of the Audit and Nomination and Remuneration committees. Mrs. Tanam Vijay Thakkar serves on all four committees. Mr. Dev Vijay Thakkar, the managing director, serves on the Stakeholder Relationship and CSR committees.

Annual General Meeting Details

The board approved convening the 22nd AGM for the financial year ended March 31, 2026. The meeting is scheduled for Monday, September 28, 2026, at 4:00 pm at the company’s registered office. Shareholders can vote electronically between September 25, 2026, at 9:00 am and September 27, 2026, at 5:00 pm. The cut-off date for recording voting entitlements is September 21, 2026.

The register of members and share transfer books will remain closed from September 22, 2026, to September 28, 2026. The board also approved the Director’s Report, Annual Report, and Notice for the financial year 2025-2026.

Manas Properties reported a 15% increase in net profit for the financial year ended March 31, 2026, reaching ₹3,175.11 lakh compared to ₹2,761.74 lakh in the previous year. The board approved the audited standalone financial results for the half-year and full year at a meeting held on May 27, 2026. The statutory auditors issued an unmodified opinion on the results.

Financial Performance

The company’s total revenue for FY26 stood at ₹4,413.29 lakh, up from ₹3,972.63 lakh in FY25. Other income, which constituted the entire revenue as revenue from operations was nil, increased to ₹4,413.29 lakh from ₹3,972.63 lakh. Total expenses for the year decreased to ₹527.65 lakh from ₹537.84 lakh in the prior year.

Basic earnings per share (EPS) for the year rose to ₹76.32 from ₹66.39 in the previous year. For the half-year ended March 31, 2026, the company recorded a net profit of ₹1,914.14 lakh and a basic EPS of ₹46.01.

Assets and Cash Flow

The company’s total assets increased to ₹17,203.51 lakh as of March 31, 2026, from ₹13,984.56 lakh a year earlier. Cash and cash equivalents surged to ₹10,541.43 lakh, comprising ₹9,967.96 lakh in fixed deposits and ₹573.47 lakh in current accounts. Shareholders' funds grew to ₹14,265.75 lakh from ₹11,090.64 lakh.

Net cash generated from operating activities was ₹2,265.38 lakh, while investing activities contributed ₹937.07 lakh, resulting in a net increase in cash and cash equivalents of ₹3,202.45 lakh for the year.

Board Decisions

In addition to the financial results, the board approved the standalone statement of assets and liabilities and the cash flow statement for the year ended March 31, 2026. The directors also appointed M/s Bhuta Shah & Co LLP, Chartered Accountants, as the internal auditor for the financial year 2026-27, effective May 25, 2026.