Roselabs Finance reported a net loss of ₹5.47 lakh for the quarter ended June 30, 2026, widening from a loss of ₹4.68 lakh in the corresponding quarter of the previous year. The company recorded zero revenue from operations during the period, while total expenses rose to ₹5.47 lakh, primarily due to employee benefit costs and other operational overheads. The financial results were reviewed by the statutory auditors, M/s. MSKA & Associates LLP, who issued an unmodified opinion.

The Board of Directors approved the unaudited financial results for Q1FY26 at a meeting held on July 17, 2026. The company operates in a single reportable segment, real estate development, and its operations are confined to India. The paid-up equity share capital remained unchanged at ₹1,000 lakh, with a face value of ₹10 per share.

Financial Performance

The company’s financials for the quarter reflect a continued period of operational inactivity in terms of revenue generation. The loss before tax for the quarter stood at ₹5.47 lakh, compared to ₹4.68 lakh in the year-ago period. There was no tax expense or credit recorded during the current quarter. Earnings per share (EPS) for the quarter were reported at (₹0.05), basic and diluted, on a non-annualized basis.

Corporate Developments

A significant development during the quarter was the filing of a Scheme of Merger with Lodha Developers Limited, the holding company. The scheme was filed with the National Company Law Tribunal (NCLT), Mumbai Bench, on June 11, 2026, and is currently awaiting approval. The company does not have any subsidiaries, joint ventures, or associate companies and is not required to prepare consolidated financial results.

The 32nd Annual General Meeting (AGM) of the company is scheduled to be held on August 27, 2026, via video conferencing. The Board meeting that approved these results commenced at 3:45 p.m. and concluded at 4:00 p.m. on July 17, 2026.

Roselabs Finance has approved the re-appointment of Mr. Raghava Reddy Balineni as Managing Director for a term of five years, effective May 31, 2026. The decision, taken by the Board of Directors at its meeting on May 29, 2026, is subject to the approval of the company's shareholders. This leadership continuity is aimed at maintaining the strategic direction of the non-banking financial company.

The re-appointment follows the recommendations of the Nomination and Remuneration Committee. Mr. Balineni, who holds a DIN of 09185972, is not related inter-se to any other director on the board. He is also not debarred from holding the office of director by virtue of any SEBI order or any other authority, as per disclosures required under relevant BSE and NSE circulars dated June 20, 2018.

Profile of the Managing Director

Mr. Raghava Reddy Balineni is a Commerce graduate from Andhra University and holds a degree in Law from Osmania University. He possesses more than 31 years of experience in taxation and general management. His professional background includes leadership roles in prominent organizations.

Prior to his current role, he has been associated with the Lodha Group since 2020 as the Head of Indirect Taxation. Before joining the Lodha Group, he served as the Head of Indirect Tax at ArcelorMittal Nippon Steel India Limited and the Essar Group.

Key Appointment Details

The table below outlines the specific details regarding the re-appointment: