Prime Property Development Corporation Limited reported a 56% year-on-year increase in standalone net profit for the financial year ended March 31, 2026, reaching ₹338.84 lakh compared to ₹217.43 lakh in the previous year. The company's board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, during a meeting held on May 30, 2026. The statutory auditors, M/s. Vora & Associates, provided an unmodified opinion on the financial statements.

Financial Performance

The standalone total income for FY26 stood at ₹699.92 lakh, up from ₹475.04 lakh in FY25. For the quarter ended March 31, 2026, the company reported a net profit of ₹46.31 lakh. On a consolidated basis, the company reported a net profit of ₹2,471.59 lakh for FY26, a significant turnaround from the previous year's ₹269.39 lakh. Consolidated revenue for the year surged to ₹8,217.67 lakh, driven by revenue from operations of ₹7,542.00 lakh.

Governance and Appointments

The board approved the appointment of Ms. Ranjhana J Sahani as the Internal Auditor for the financial year 2026-27, effective May 30, 2026. Ms. Sahani is a postgraduate in commerce with experience in accounts, audit, and risk management. The meeting also reviewed the Statement of Assets and Liabilities and the Cash Flow Statement, which showed a net increase in cash and cash equivalents of ₹407.00 lakh for the standalone entity and ₹1,637.68 lakh on a consolidated basis.

Prime property development corp has announced the sad demise of Mr. Satendra Kumar Bhatnagar, Non-Executive Independent Director of the company. The announcement was made through a regulatory filing to the Bombay Stock Exchange under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director's Demise Details

Mr. Satendra Kumar Bhatnagar (DIN: 01813940) passed away on Monday, April 27, 2026. The company received intimation about his demise from family members on Thursday, April 30, 2026. The regulatory disclosure was filed on the same day to comply with stock exchange requirements.

Company's Response

The company has expressed that Mr. Satendra Kumar Bhatnagar's unexpected demise will be an irreparable loss to the organization. All directors and employees have extended their deep sympathy, sorrow, and condolences to his family during this difficult time.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, with detailed information provided as per the Master Circular issued vide circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The filing was signed by P L Soni, Chairman (DIN: 00006463), on behalf of Prime Property Development Corporation Limited.

Additional Information

According to the regulatory filing, Mr. Bhatnagar did not hold directorships in any other listed entities at the time of his demise. The company has requested the stock exchange to take the intimation on record as part of standard regulatory procedures.