Popular Estate Management Reports FY26 Net Loss

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, 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:

Metric:	Q4FY26 (31.03.2026) Audited	Q3FY26 (31.12.2025) Unaudited	Q4FY25 (31.03.2025) Audited
Total Income from Operations (Net) (Rs. Lakhs):	--	--	46.58
Net Profit/(Loss) before Tax & Exceptional Items (Rs. Lakhs):	(6.99)	(5.11)	34.83
Net Profit/(Loss) before Tax after Exceptional Items (Rs. Lakhs):	(6.99)	(5.11)	20.24
Net Profit/(Loss) after Tax & Exceptional Items (Rs. Lakhs):	(6.99)	(5.11)	20.24
Total Comprehensive Income (Rs. Lakhs):	(6.99)	(5.11)	20.24
Basic EPS (Rs.):	(0.05)	(0.04)	0.14
Diluted EPS (Rs.):	(0.05)	(0.04)	0.14

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:

Metric:	FY26 (31.03.2026) Audited	FY25 (31.03.2025) Audited
Total Income from Operations (Net) (Rs. Lakhs):	--	46.58
Net Profit/(Loss) before Tax & Exceptional Items (Rs. Lakhs):	(29.22)	(20.92)
Net Profit/(Loss) before Tax after Exceptional Items (Rs. Lakhs):	(29.22)	(35.51)
Net Profit/(Loss) after Tax & Exceptional Items (Rs. Lakhs):	(29.22)	(35.51)
Total Comprehensive Income (Rs. Lakhs):	(29.22)	(35.51)
Basic EPS (Rs.):	(0.21)	(0.25)
Diluted EPS (Rs.):	(0.21)	(0.25)

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. Additionally, the disclosure of related party transactions and the statement on the impact of audit qualifications were submitted in XBRL mode. The filing was signed by Vikram Patel, Director, Manager, and CFO.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-2.87%	+8.77%	-21.57%	-22.03%	+178.06%

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):

Metric:	Q4 FY26	Q3 FY26	Q4 FY25	FY26	FY25
Revenue from Operations:	—	—	—	—	—
Other Income:	—	—	46.58	—	46.58
Total Income:	—	—	46.58	—	46.58
Employee Benefits Expenses:	3.43	3.58	2.64	13.96	11.76
Depreciation & Amortisation:	0.09	0.09	3.83	0.30	16.77
Other Expenses:	3.47	1.44	5.28	14.96	38.97
Total Expenses:	6.99	5.11	11.75	29.22	67.50
Profit/(Loss) Before Exceptional Items & Tax:	(6.99)	(5.11)	34.83	(29.22)	(20.92)
Exceptional Items:	—	—	14.59	—	14.59
Profit/(Loss) Before Tax:	(6.99)	(5.11)	20.24	(29.22)	(35.51)
Net Profit/(Loss):	(6.99)	(5.11)	20.24	(29.22)	(35.51)
Basic EPS (₹, not annualised):	(0.05)	(0.04)	0.14	(0.21)	(0.25)
Diluted EPS (₹, not annualised):	(0.05)	(0.04)	0.14	(0.21)	(0.25)

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):

Parameter:	As at 31-03-26 (Audited)	As at 31-03-25 (Audited)
Total Non-Current Assets:	151.91	151.68
Total Current Assets:	4,896.30	4,897.34
Total Assets:	5,048.21	5,049.02
Share Capital:	1,400.02	1,400.02
Other Equity:	2,813.40	2,842.62
Non-Current Liabilities (Borrowings):	827.64	796.89
Total Current Liabilities:	7.15	9.49
Total Equity and Liabilities:	5,048.21	5,049.02

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):

Particulars:	FY26	FY25
Net Cash from/(used in) Operating Activities:	(30.04)	(53.77)
Net Cash from/(used in) Investing Activities:	(0.53)	54.67
Net Cash from/(used in) Financing Activities:	30.75	(1.00)
Net Increase/(Decrease) in Cash:	0.18	(0.10)
Cash at Beginning of Year:	1.25	1.35
Cash at End of Year:	1.43	1.25

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.