Modis Navnirman Limited reported an 84% increase in revenue to ₹18,931.35 lakh for the financial year ended March 31, 2026. The company’s profit after tax rose 26% to ₹2,917.86 lakh, while total comprehensive income stood at ₹2,913.65 lakh.

The company’s strong performance was driven by robust sales momentum across its residential portfolio. It delivered two redevelopment projects, Rashmi Vasudeo and Rashmi Celestia, during the year. Additionally, the company secured new redevelopment projects with an estimated Gross Development Value of approximately ₹400 crore, including New Chitra Society in Kandivali west and Bank of India Staff Sheetal in Borivali west.

A key strategic milestone during the year was the migration from the SME platform to the Main Board of BSE and NSE, effective November 14, 2025. The company also completed the amalgamation of its wholly owned subsidiary, Shree Modis Navn|irman Private Limited, with itself following NCLT approval on October 16, 2025. Furthermore, the company incorporated Modis Navnirman Foundation, a Section 8 company, as a wholly owned subsidiary on January 20, 2026.

The board has decided to retain the entire profit for the year in the business and has not recommended any dividend. The company continues to remain debt-free, providing a strong financial foundation for future growth. The audited financial statements for the year ended March 31, 2026, were prepared in compliance with the Indian Accounting Standards (Ind AS).

Financial Performance

Strategic Developments

The company successfully migrated from the SME platform to the Main Board of BSE and NSE, enhancing market visibility and liquidity. It also completed the amalgamation of Shree Modis Navnirman Private Limited, a wholly owned subsidiary, to strengthen operational capabilities. To expand its development pipeline, the company secured new redevelopment mandates in Mumbai’s western suburbs with a combined estimated GDV of ₹400 crore.

Modis Navnirman Ltd has cancelled the analyst and institutional investor meetings that were scheduled for June 26, 2026, at 10:00 AM IST due to exigencies. The company informed the stock exchanges of this decision on June 25, 2026. The cancellation impacts the physical interaction planned under the category of One on One/Group Meeting with Analysts/Investors.

The meeting was originally intended to rely on generally available information and was not meant to pertain to any Unpublished Price Sensitive Information, in accordance with the company’s code of practices for fair disclosure. The company had previously communicated the schedule for this interaction.

The disclosure regarding the cancellation was submitted pursuant to Regulation 30 (6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, pursuant to Regulation 46(2) of the Listing Regulations, the information is available on the company’s website.

Nishi Mahek Modi, Company Secretary & Compliance Officer, signed the intimation on behalf of Modis Navnirman Limited.