Rander Corporation Limited submitted the voting results and scrutinizer's report for its 33rd Annual General Meeting to BSE on October 1, 2026. The meeting, held on September 30, 2026, saw both ordinary resolutions passed with a combined 99.82% of votes in favour.

The primary agenda included the adoption of audited standalone financial statements for the fiscal year ended March 31, 2026, and the re-appointment of director Amitkumar Rander. The meeting commenced at 12:30 pm and concluded at 12:55 pm at the registered office in Boisar, Maharashtra. A total of 18 members attended in person or through proxy, satisfying the requisite quorum.

Voting Outcome and Scrutinizer Report

M/s Mihen Halani & Associates, practicing company secretaries, served as the scrutinizer. The report confirmed that no invalid votes were recorded for either resolution. The voting process involved remote e-voting between September 27 and September 29, 2026, and a poll conducted at the meeting.

For both Resolution 1 (Adoption of Financial Statements) and Resolution 2 (Director Re-appointment), the voting pattern was identical:

• Promoters and Promoter Group: Voted 100% in favour (29,78,311 votes).
• Public Non-Institutions: Voted 98.24% in favour (3,41,508 votes) and 1.76% against (6,120 votes).
• Public Institutions: No votes polled.

Detailed Voting Statistics

Meeting Logistics and Attendance

The company disclosed that there were 2,426 shareholders on the record date of September 23, 2026. Of these, 12 promoters and 6 public shareholders attended the meeting either in person or through proxy. No shareholders attended via video conferencing.

The Chairman, Amitkumar Rander, introduced the board members and welcomed shareholders before calling the meeting to order. Clarifications were provided to queries raised by members during the session. The results were disclosed to the stock exchange and made available on the company's website and NSDL within two working days of the meeting's conclusion.

Rander Corporation reported a net loss of ₹144.2 lakh for the financial year ended March 31, 2026 (FY26), widening significantly from a net loss of ₹54.3 lakh in the previous year. The company's total income surged 172% year-on-year to ₹436.5 lakh, primarily driven by a sharp increase in real estate sales and stable interest income from its NBFC operations.

Financial Performance

The company recorded revenue from operations of ₹432.0 lakh in FY26, compared to ₹156.3 lakh in FY25. Sales of products, largely comprising residential and commercial real estate units, jumped to ₹377.7 lakh from ₹97.9 lakh in the prior year. Interest income remained relatively flat at ₹54.3 lakh, down slightly from ₹58.4 lakh in FY25.

Total expenses rose sharply to ₹627.8 lakh from ₹142.5 lakh in FY25. This increase was largely attributed to a net loss on fair value changes of ₹253.7 lakh on financial instruments at fair value through profit or loss (FVTPL), compared to a loss of ₹24.4 lakh in the previous year. Additionally, the company recognized an impairment loss on financial instruments of ₹52.5 lakh in FY26, whereas no such provision was made in FY25.

The profit before tax swung to a loss of ₹191.3 lakh from a profit of ₹17.7 lakh in FY25. Tax expenses included a current tax provision of ₹30.4 lakh and a deferred tax benefit of ₹77.5 lakh, resulting in a net tax credit that partially offset the pre-tax loss.

What the Numbers Show

Despite the significant growth in operational income, particularly from real estate sales, the company's bottom line was severely impacted by market-linked valuation adjustments. The fair value loss of ₹253.7 lakh alone exceeded the total income generated by the company during the year. Furthermore, the recognition of a ₹52.5 lakh impairment allowance indicates deteriorating credit quality within its loan portfolio, with specific loans classified as Stage 3 (credit-impaired). This divergence highlights the volatility inherent in the company's investment book relative to its core lending and real estate activities.

Balance Sheet and Cash Flow

As of March 31, 2026, total assets stood at ₹2,517.5 lakh, down from ₹2,627.7 lakh in FY25. Loans outstanding decreased slightly to ₹113.2 lakh (net of impairment) from ₹116.4 lakh. Cash and cash equivalents improved to ₹74.0 lakh from ₹35.7 lakh, reflecting better liquidity management. Borrowings were reduced to ₹37.6 lakh from ₹51.2 lakh.

The company did not recommend any dividend for FY26. The 33rd Annual General Meeting is scheduled for September 30, 2026, where shareholders will consider the re-appointment of Mr. Amitkumar Rander as a director retiring by rotation.