Ratnabhumi Developers appoints internal auditor for FY27-FY31

Ratnabhumi Developers Ltd has appointed Mr. Darshan Gandhi as the Internal Auditor for a period of five consecutive financial years, spanning from 2026-2027 to 2030-2031. The Board of Directors approved this appointment during its meeting on June 29, 2026. This decision is part of the company's ongoing governance and compliance measures to strengthen internal oversight.

Mr. Darshan Gandhi is a Commerce Graduate and possesses more than 25 years of experience in Accounting, Finance and Tax Consultation. His expertise spans various sectors, with a primary focus on the Real Estate and Textile industries. The company confirmed that he is not related to any director of the company.

The Board meeting, which commenced at 04:00 P.M. and concluded at 05:00 P.M., was held in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kaivan Jitendrakumar Shah, Chairman & Managing Director, oversaw the proceedings.

Key Approvals

The Board's decisions focused on strengthening internal oversight. The specific approvals include:

Internal Auditor: Mr. Darshan Gandhi appointed for FY27 to FY31.
Related Party Transactions: Approval granted for specific transactions.
Other Business: Routine matters were discussed.

Meeting Details

Detail	Information
Date	June 29, 2026
Start Time	04:00 P.M.
End Time	05:00 P.M.
Regulation Reference	Regulation 30 of SEBI (LODR) Regulations, 2015

The company confirmed that the relevant details regarding these approvals will be made available on its official website. Ratnabhumi Developers Limited is headquartered at Ratna Corporate House, Near Santoor Bungalows, Ambli Daskroi, Ahmedabad.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.06%	-3.85%	-29.10%	-13.56%	-8.41%	+140.96%

Ratnabhumi Developers Limited has released its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results during its meeting held on May 21, 2026. The statutory auditors, M/s. MAAK & Associates, issued an audit report with an unmodified opinion on the standalone and consolidated financial results.

Consolidated Financial Performance

For the financial year ended March 31, 2026, the company reported a consolidated net profit of ₹314.41 lakh, a decrease from ₹573.33 lakh in the previous year. Total income for the year stood at ₹6,220.69 lakh, down from ₹21,483.52 lakh in FY25. Revenue from operations for the year was ₹6,145.45 lakh. For the quarter ended March 31, 2026, the net profit was ₹28.32 lakh, with total income of ₹1,510.67 lakh.

Standalone Financial Performance

On a standalone basis, the company reported a net profit of ₹311.49 lakh for the year ended March 31, 2026, compared to ₹570.82 lakh in the previous year. Total standalone income for the year was ₹6,180.28 lakh. Revenue from operations for the year stood at ₹6,105.25 lakh. For the quarter ended March 31, 2026, the standalone net profit was ₹30.31 lakh on a total income of ₹1,487.27 lakh.

Financial Position

The standalone balance sheet as of March 31, 2026, showed total assets of ₹19,429.74 lakh, a decrease from ₹20,130.47 lakh in the previous year. Total equity stood at ₹4,399.80 lakh, while total liabilities were ₹15,029.94 lakh. The company reported cash and cash equivalents of ₹407.83 lakh at the end of the fiscal year, compared to ₹166.10 lakh at the end of the previous year.