National Standard Q1 profit rises 158% to ₹254.04 lakh

National Standard (India) Limited reported a profit of ₹254.04 lakh for the quarter ended June 30, 2026, marking a 158% increase from ₹98.68 lakh in the corresponding period of the previous year. The company's total income for the quarter stood at ₹346.67 lakh, while total expenses were recorded at ₹7.19 lakh. The financial results were reviewed by the statutory auditors, MSKA & Associates LLP, who issued an unmodified conclusion.

The Board of Directors, at its meeting held on July 20, 2026, approved the unaudited financial results for the quarter ended June 30, 2026. The board also approved the re-appointment of Ms. Ritika Bhalla as an Independent Director for a second term of five years, commencing from July 12, 2027, subject to shareholder approval. Additionally, the 63rd Annual General Meeting was scheduled for August 28, 2026, via video conferencing.

A notable factor in the quarterly results was the reversal of revenue recognized in an earlier period. During the quarter, the company entered into a deed of cancellation for a unit sold previously, resulting in the reversal of revenue amounting to ₹101.57 lakh and a corresponding cost of ₹37.37 lakh. Consequently, revenue from operations for the quarter was reported as negative ₹101.57 lakh, compared to nil in the previous year.

The company operates in a single reportable segment, real estate development, confined to India. It does not have any subsidiaries, joint ventures, or associate companies. A Scheme of Merger with Lodha Developers Limited, the holding company, has been filed with the National Company Law Tribunal, Mumbai Bench, on June 11, 2026, and is pending approval.

Financial Performance

Particulars	Q1FY26 (Unaudited)	Q1FY25 (Unaudited)	FY26 (Audited)
Revenue from Operations	(101.57)	-	2,041.81
Other Income	448.24	433.71	1,953.96
Total Income	346.67	433.71	3,995.77
Total Expenses	7.19	285.02	2,667.84
Profit Before Tax	339.48	148.69	1,327.93
Profit for the Period	254.04	98.68	965.89
Earnings Per Share (Basic)	1.27	0.49	4.83

Figures in ₹ lakh except per share data.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE166R01015/ab2866b1-f650-4845-9926-b7d10b2fb829.pdf

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-5.00%	-26.45%	-81.49%	-83.32%	-83.32%	-83.32%

Independent Director Mr. Vinod Shah will cease to be a director of National Standard (India) Ltd effective July 19, 2026, following the completion of his tenure. The disclosure was submitted to BSE Limited under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company informed the exchange that Mr. Vinod Shah, holding Director Identification Number (DIN) 00127085, will step down from his position at the close of business hours on July 19, 2026. This transition is attributed to the completion of his term as an Independent Director.

Regulatory Compliance

The filing was made in compliance with Regulation 30 read with Schedule III of the Listing Regulations. Additionally, the disclosure adheres to the requirements specified in SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Details of Cessation

The following table outlines the key details regarding the change in directorship:

Sr. No.	Particulars	Details
1.	Reason for change	Completion of term as Independent Director
2.	Date of cessation	July 19, 2026
3.	Brief profile	Not Applicable
4.	Disclosure of relationships	Not Applicable

The information is also available on the company's official website. Hitesh Marthak, Company Secretary and Compliance Officer, signed the disclosure on behalf of National Standard (India) Ltd.