Popular Estate Management Limited has submitted its integrated filing for the quarter and year ended March 31, 2026, pursuant to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185. The standalone audited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on May 9, 2026. The statutory auditor, H.S. Jani & Associates (FRN: 127515W), conducted an audit of the annual results and a limited review of the quarterly results, concluding that the financial statements present a true and fair view in conformity with Indian Accounting Standards.

Quarterly Financial Performance

For the quarter ended March 31, 2026, the company reported zero revenue from operations, compared to Rs. 46.58 lakhs in the corresponding quarter of the previous year. Popular Estate Management recorded a net loss of Rs. 6.99 lakhs for Q4FY26, widening from the net loss of Rs. 5.11 lakhs in the preceding quarter ended December 31, 2025. In Q4FY25, the company had posted a net profit of Rs. 20.24 lakhs.

The table below summarises the key quarterly financial metrics:

Full-Year Financial Performance

For the full year ended March 31, 2026, Popular Estate Management reported total income from operations of nil, compared to Rs. 46.58 lakhs in FY25. The company recorded a net loss of Rs. 29.22 lakhs for FY26, an improvement over the net loss of Rs. 35.51 lakhs reported in the previous year. The total comprehensive income for the year stood at a loss of Rs. 29.22 lakhs.

The table below presents the full-year financial comparison:

Capital Structure and Disclosures

The equity share capital remained unchanged at Rs. 1,400.02 lakhs, comprising 14,000,200 shares of Rs. 10 each. Reserves and surplus, excluding revaluation reserves, were reported as nil. The company confirmed there were no defaults on loans and debt securities during the quarter. The disclosure of related party transactions and the statement on the impact of audit qualifications were submitted in XBRL mode.

Subsequently, pursuant to Regulation 33(3)(d) of SEBI (LODR) Regulations, 2015, Popular Estate Management filed a declaration with BSE on May 16, 2026, confirming that H.S. Jani & Associates issued an audit report with unmodified opinion in respect of the standalone financial results for the quarter and year ended March 31, 2026. The declaration was signed by Vikram Patel, Director (DIN: 00166707), who also serves as Manager and CFO of the company.

Popular Estate Management Limited held its board meeting on May 9, 2026, at its registered office in Thaltej, Ahmedabad, commencing at 02:00 p.m. and concluding at 03:00 p.m. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the board approved the audited standalone financial results under Indian Accounting Standards (Ind AS) for the quarter and year ended March 31, 2026, as reviewed by the Audit Committee. The statutory audit was conducted by M/s. H. S. Jani & Associates (FRN: 127515W), whose independent auditor's report confirmed that the financial results give a true and fair view of the net profit and other financial information in accordance with applicable Indian Accounting Standards.

Financial Performance

The company reported no revenue from operations for the quarter and year ended March 31, 2026. The following table presents the key financial results (₹ in lakhs, except per share data):

The company recorded a net loss of ₹29.22 lakhs for FY26, an improvement compared to the net loss of ₹35.51 lakhs in FY25. Total expenses declined significantly to ₹29.22 lakhs in FY26 from ₹67.50 lakhs in FY25, primarily driven by lower depreciation and other expenses. The paid-up equity share capital stood at ₹1,400.02 lakhs, comprising 1,40,00,200 shares of ₹10 each.

Balance Sheet Highlights

The following table summarises the company's assets and liabilities as at March 31, 2026 (₹ in lakhs):

Total assets remained largely stable at ₹5,048.21 lakhs as at March 31, 2026, compared to ₹5,049.02 lakhs a year earlier. Inventories were unchanged at ₹501.30 lakhs, while cash and cash equivalents improved marginally to ₹1.43 lakhs from ₹1.25 lakhs. Non-current borrowings increased to ₹827.64 lakhs from ₹796.89 lakhs.

Cash Flow Summary

The cash flow statement for the year ended March 31, 2026 is summarised below (₹ in lakhs):

Financing activities generated a net inflow of ₹30.75 lakhs in FY26, primarily from additional borrowings, compared to a net outflow of ₹1.00 lakh in FY25.

Contingent Liabilities and Other Notes

The company disclosed contingent liabilities of ₹2,216.79 lakhs as at March 31, 2026 (₹2,216.69 lakhs as at March 31, 2025), representing claims not acknowledged as debts under the Income Tax Act, 1961. The management, along with its tax advisors, believes these proceedings will not have a material adverse effect on the company's financial position. The company operates solely in the infrastructure segment and does not prepare consolidated financial results for two associated partnership firms, as there were no operations in those entities during the period. Additionally, two cars with zero book value remain registered in the company's name, with insurance expenses charged to the profit and loss account.

The results were reviewed by the Audit Committee and approved by the Board of Directors. The intimation was signed by Director Vikram Chhaganlal Patel (DIN: 00166707) on May 9, 2026.