Samor Reality Limited has scheduled its sixth Annual General Meeting (AGM) for September 30, 2026, to seek shareholder approval for a 1:5 sub-division of its equity shares.

The board of directors approved the capital restructuring during a meeting held on September 5, 2026. The move reduces the face value from ₹10 to ₹2 per share, aiming to enhance market liquidity and affordability for retail investors.

Share Split Details

The proposed sub-division converts each existing equity share of face value ₹10 into five equity shares of face value ₹2 each. This adjustment applies to authorized, issued, subscribed, and fully paid-up capital without altering the total monetary value of the share capital.

Implementation is expected within two to three months of member approval. The record date for the split will be determined separately by the board.

AGM Schedule and Agenda

The sixth AGM will be held on Wednesday, September 30, 2026, at 11:00 am via video conferencing or other audio-visual means. The cut-off date for determining member eligibility is Wednesday, September 23, 2026.

In addition to the share split, the agenda includes:

• Adoption of the audited financial statements for the financial year ended March 31, 2026.
• Re-appointment of Ms. Jagrutiben Birjubhai Shah (DIN: 02334894) as a director liable to retire by rotation.
• Alteration of Clause V of the Memorandum of Association to reflect the revised authorized share capital structure.

The board appointed M/s SS Lunkad & Associates as the scrutinizer for the meeting. Remote e-voting facilities will be provided through National Securities Depository Limited (NSDL), with the voting period running from September 27 to September 29, 2026.

Key Takeaways

• Equity shares split in 1:5 ratio, reducing face value to ₹2.
• Sixth AGM scheduled for September 30, 2026.
• Cut-off date for AGM eligibility set as September 23, 2026.
• Re-appointment of director Jagrutiben Shah on agenda.

Samor Reality Limited reported a net loss of ₹8.96 lakh for the first quarter of FY27 (ended June 30, 2026), marking a significant improvement from the ₹15.08 lakh loss recorded in the corresponding period of FY26. The company’s Board of Directors approved the unaudited financial results on August 14, 2026.

The Ahmedabad-based real estate developer continued to operate without generating any revenue from its core business activities during the quarter. Total income stood at ₹4.83 lakh, derived entirely from other income sources, up from negligible levels in the prior year’s quarter.

Financial Performance Overview

The company incurred total expenses of ₹13.40 lakh in Q1FY27, a sharp decline from ₹259.17 lakh in the previous quarter and ₹14.01 lakh in Q1FY26. The reduction in expenses was primarily driven by changes in stock valuation and lower other expenses.

Expense Breakdown

Cost of land, plots, development rights, and constructed properties remained the largest expense component at ₹599.07 lakh. However, this was offset by a negative change in stock of (₹600.91 lakh), indicating inventory adjustments or capitalization effects. Employee benefits expense decreased to ₹2.31 lakh from ₹3.71 lakh in the preceding quarter.

Other expenses fell significantly to ₹12.52 lakh from ₹63.38 lakh in Q4FY26. Finance costs were fully capitalized into the cost of land and properties, resulting in zero finance cost impact on the profit and loss statement for the quarter.

What the Numbers Show

A key observation from the filing is that Samor Reality Limited continues to operate with zero revenue from operations, relying solely on other income to generate total income. The narrowing of the net loss from ₹15.08 lakh to ₹8.96 lakh year-on-year is attributable to a combination of higher other income (₹4.83 lakh vs nil) and controlled operational expenses, rather than any core business revenue generation. The complete capitalization of finance costs (₹94.56 lakh transferred to asset costs) shields the current period’s P&L from interest burden, though it increases the carrying value of inventory assets.

Comprehensive Income and EPS

Total comprehensive income for the quarter stood at a loss of ₹31.10 lakh, impacted by a net gain of (₹25.83 lakh) on the fair value of FVOCI equity instruments. Basic and diluted earnings per share were both (₹0.04), compared to (₹0.07) in Q1FY26.

The results were reviewed by the Audit Committee and approved by the Board. Shah & Shah, Chartered Accountants, conducted a limited review of the interim financial information as per Standard on Review Engagement (SRE) 2410.