Samor Reality Limited has scheduled a board meeting for September 5, 2026, to consider the sub-division of its equity shares. The proposal requires shareholder approval and relevant regulatory clearances before implementation.

The directors will also review the Directors' Report for the financial year ended March 31, 2026. This annual review forms part of the standard corporate governance process leading up to the company's general meeting.

AGM Preparations

The board is set to fix the date, time, and place for the company's sixth Annual General Meeting. Additionally, the meeting will determine the cut-off date for member eligibility to attend the event.

Key Agenda Items

• Approve the proposal for equity share sub-division subject to shareholder consent.
• Review and approve the Directors' Report for FY26.
• Finalize logistics for the sixth Annual General Meeting.
• Appoint M/s SS Lunkad & Associates as the scrutinizer for the AGM.
• Determine the record date for shareholder eligibility.

The company is headquartered in Ahmedabad, Gujarat. Managing Director Birjukumar Ajitbhai Shah signed the intimation filed with the BSE Limited.

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.