Ravinder Heights Ltd has re-appointed M/s SNVA & Co., Chartered Accountants, as its Internal Auditors for the financial year 2026-27. The decision was taken by the Board of Directors during its meeting held on August 07, 2026, based on the recommendations of the Audit Committee. This appointment ensures continuity in the company’s internal audit processes and aligns with the requirements under Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The re-appointment follows a review of M/s SNVA & Co.’s performance and expertise in corporate law, statutory audits, internal audits, legal compliances, and taxation matters. The firm is not related to any of the directors of Ravinder Heights Ltd, ensuring independence in its audit functions. The Board also approved other governance matters during the same meeting, including the appointment of Mr. Girish Madan as the Scrutinizer for the e-voting process for the upcoming Annual General Meeting (AGM).

Governance and Compliance Updates

In addition to the auditor re-appointment, the Board addressed several key governance issues. The company announced that its 7th Annual General Meeting will be held on Saturday, September 26, 2026, at 10:00 AM at Best Western Maryland Hotel, Zirakpur. Shareholders holding shares as of the cut-off date, Friday, September 18, 2026, are eligible to cast their votes electronically. The remote e-voting period commences on Wednesday, September 23, 2026, at 9:00 AM (IST) and concludes on Friday, September 25, 2026, at 5:00 PM (IST).

To ensure smooth voting procedures, the Register of Members and Share Transfer Books will remain closed from Saturday, September 19, 2026, to Saturday, September 26, 2026, in accordance with Regulation 42 of the SEBI LODR Regulations and Section 91 of the Companies Act, 2013. These measures underscore the company’s commitment to transparency and shareholder engagement.

Financial Context

While the primary focus of this update is on governance, it is worth noting the broader financial context. In Q1FY26, Ravinder Heights reported a narrowed consolidated net loss of ₹168.72 lakh, improving from ₹294.02 lakh in the previous quarter. This improvement was driven by a decline in other expenditure and a surge in other income, rather than growth in core real estate operations. Standalone results showed a net loss of ₹10.82 lakh, compared to ₹13.25 lakh in the prior period.

What the Numbers Show

The narrowing of the consolidated net loss from ₹294.02 lakh to ₹168.72 lakh was largely due to reduced operating expenses rather than growth in core operational revenue. While revenue from operations remained stagnant at ₹1.34 lakh, other income surged to ₹201.95 lakh, accounting for the majority of total income. This suggests that the improvement in bottom-line performance is heavily dependent on non-operating income streams rather than core real estate development activities, which generated negligible revenue during the quarter. Investors should monitor whether these non-operating gains can sustainably support the company’s financial health.

Ravinder Heights Limited reported a consolidated net profit of ₹4,889.10 lakh for the financial year ended March 31, 2026, marking a turnaround from a net loss of ₹253.74 lakh in the previous year. The company's board of directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026 at a meeting held on May 29, 2026. The statutory auditors, Dewan P N Chopra & Co, Chartered Accountants, issued an unmodified opinion on the results.

The turnaround was primarily driven by a substantial increase in revenue from operations, which rose to ₹7,516.22 lakh in FY26 from ₹57.30 lakh in FY25. This surge was largely attributed to the recognition of revenue from a collaboration agreement with M/s Bestech India Pvt. Ltd., where the company received non-refundable security deposits totaling ₹7,500 lakh during the year. For the quarter ended March 31, 2026, the company reported a consolidated net loss of ₹294.02 lakh, compared to a profit of ₹1,247.79 lakh in the preceding quarter ended December 31, 2025.

On a standalone basis, Ravinder Heights Limited reported a net loss of ₹59.22 lakh for FY26, widening from a net loss of ₹38.29 lakh in FY25. Revenue from operations remained flat at ₹141.12 lakh for the year. The standalone net loss for the quarter ended March 31, 2026 was ₹13.25 lakh. The company's total assets stood at ₹36,662.84 lakh as of March 31, 2026, while consolidated assets were reported at ₹32,474.70 lakh.

Key Financial Metrics (Consolidated)

The financial results were reviewed by the Audit Committee on May 29, 2026, prior to board approval. The company stated that the new Labour Codes introduced by the Government of India have been evaluated and the impact is not material to the financial statements. The results have been uploaded to the company's website and submitted to the stock exchanges in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.