Roselabs Finance Limited reported a 70% year-on-year surge in revenue from operations to ₹120.75 lakhs for the financial year ended March 31, 2026 (FY26), driven by sales of building materials. Despite the top-line growth, the company recorded a wider net loss of ₹30.70 lakhs compared to ₹29.17 lakhs in FY25, as total expenses rose to ₹140.53 lakhs from ₹101.76 lakhs. The holding company, Lodha Developers Limited, continues to fund Roselabs Finance’s operations through interest-free loans, with outstanding borrowings reaching ₹507.45 lakhs.

The Board of Directors has convened the 32nd Annual General Meeting (AGM) for Thursday, August 27, 2026, via Video Conference or Other Audio-Visual Means. Shareholders will vote on the reappointment of Mr. Raghava Reddy Balineni as Managing Director for a five-year term starting May 31, 2026, and the appointment of M/s Walker Chandiok & Co. LLP as Statutory Auditors. Ms. Sanjyot Rangnekar also retires by rotation and offers herself for reappointment. Remote e-voting opens on Monday, August 24, 2026, at 9:00 a.m. IST and closes on Wednesday, August 26, 2026, at 5:00 p.m. IST.

Financial Performance Overview

Roselabs Finance does not have ongoing business operations or NBFC activities, having had its Certificate of Registration cancelled in FY18-19. The revenue growth in FY26 stems primarily from related-party transactions, specifically the sale of building materials to Cowtown Infotech Services Limited, a subsidiary of the holding company. This contrasts with FY25, where similar sales were made to Lodha Developers Limited.

The increase in expenses outpaced revenue growth, leading to a decline in the net profit ratio to -0.25% from -0.40%. The company’s current ratio fell by 46.16% to 3.05, reflecting a decrease in current assets. No dividend was recommended for the year due to accumulated losses.

Governance and Auditor Changes

M/s MSKA & Associates LLP completes its second consecutive five-year term as Statutory Auditor upon conclusion of the AGM. The Audit Committee selected M/s Walker Chandiok & Co. LLP through a tender process evaluating independence and technical skills. The proposed remuneration for the new auditors is ₹3,00,000 for FY26-27, matching the fee paid to outgoing auditors. Mr. Balineni will continue to draw no remuneration from Roselabs Finance, receiving compensation instead from Lodha Developers Limited.

Merger Progress

Roselabs Finance, along with National Standard (India) Limited, filed a Scheme of Merger by Absorption with Lodha Developers Limited before the National Company Law Tribunal (NCLT), Mumbai Bench, on June 11, 2026. The scheme was approved by BSE Limited on December 30, 2025. The merger aims to streamline the group structure, as Roselabs Finance has no independent operational footprint.

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.