Real Growth Corporation has accepted the resignation of Sagar Agarwal as Independent Director, effective close of business hours on August 27, 2026.

Agarwal, identified by DIN 10746605, tendered his resignation citing personal reasons. Consequently, he ceased to hold positions as Chairman of the Nomination Remuneration Committee and Stakeholders Relationship Committee, as well as Member of the Audit Committee.

Resignation Details

The company disclosed the change pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Agarwal confirmed in his resignation letter that there are no other material reasons for his departure beyond those stated.

The Board noted that Agarwal holds no other directorships in listed entities as of the date of resignation. The company has filed the requisite statutory forms with the Registrar of Companies.

Real Growth Corporation Limited reported a net profit of ₹3.75 lakh for the quarter ended June 30, 2026, an increase from ₹2.20 lakh in the corresponding period of FY25. The company’s total income stood at ₹73.85 lakh, driven entirely by other income as revenue from operations remained at nil.

The board of directors approved the unaudited financial results in a meeting held on August 12, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by statutory auditors Ad Gupta and Associates.

Financial Performance

Total expenses for the quarter were ₹70.10 lakh, compared to ₹86.46 lakh in Q1FY25. Finance costs rose to ₹47.91 lakh from ₹42.74 lakh year-on-year. Employee benefit expenses decreased to ₹15.89 lakh from ₹20.80 lakh in the prior year quarter.

Earnings per share (basic and diluted) were ₹0.09, up from ₹0.06 in Q1FY25.

What the Numbers Show

The company’s profitability is heavily dependent on non-operating income. With zero revenue from operations, other income constitutes 100% of the total income base. This structural reliance on non-core earnings highlights that the operational business did not contribute to top-line growth during the quarter.

Auditor Observations

The statutory auditors highlighted two key matters in their review report:

• The Bombay Stock Exchange had previously listed the company under shell companies and suspended trading, but the suspension was revoked via letter dated June 25, 2024.
• There is a refund receivable of ₹41.08 crore against bookings in immovable property in a project developed by M/s Rajesh Projects (India) Private Limited. This entity is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The recoverability of this amount remains undetermined.

The company disclosed no outstanding defaults on loans or debt securities as of June 30, 2026.