Sikozy Realtors Limited issued a revised intimation for its 34th Annual General Meeting (AGM) on September 10, 2026, correcting an inadvertent error in Note 12(a) regarding Equity Share Capital in its previously filed annual report.

The company confirmed that the National Company Law Tribunal (NCLT), Mumbai Bench, sanctioned its Scheme of Reduction of Equity Share Capital on June 18, 2026. The scheme, registered with the Registrar of Companies on July 2, 2026, reduces paid-up capital from ₹445.83 lakh to ₹44.58 lakh by cancelling 4,01,24,700 shares to adjust against accumulated losses.

Meeting and Voting Details

The 34th AGM is scheduled for September 30, 2026, at 4:00 pm at the company’s registered office in Karjat, Raigad. Shareholders can participate via remote e-voting or physical ballot.

The e-voting window opens on September 26 at 9:00 am and closes on September 29 at 5:00 pm. The cut-off date for determining voting eligibility is September 18, 2026. The Register of Members will remain closed from September 22 to September 29, 2026.

Financial Performance and Capital Restructuring

For FY26, Sikozy reported a net loss of ₹36.43 lakh, widening from ₹17.15 lakh in FY25. Revenue from operations stood at ₹14.00 lakh, primarily from the sale of one unit at Trishul Apartments to Non-Executive Director Jigar Desai. Accumulated losses rose to ₹657.33 lakh as of March 31, 2026.

The sanctioned capital reduction aims to rationalize the capital structure and clean up the balance sheet. The scheme does not alter the percentage shareholding of existing shareholders. Fractional entitlements arising from the reduction will be aggregated and sold by an appropriate person, with proceeds distributed proportionately.

Board and Governance Updates

Mr. Jigar Desai retires by rotation at the upcoming AGM and offers himself for reappointment. Ms. Sonali Dighe ceased to be a Non-Executive Independent Director on June 16, 2026. Mr. Prashant Zade ceased as Executive Director and CEO on November 29, 2025, upon expiry of his term.

The statutory auditor, BKG & Associates, highlighted a material uncertainty related to going concern due to substantial erosion of net worth. However, management maintains that the going concern basis remains appropriate, citing current assets exceeding total outside liabilities and plans for fresh capital infusion post-restructuring.

Sikozy Realtors Limited reported a return to profitability in Q1FY27, posting a net profit of ₹5.17 lakh for the quarter ended June 30, 2026. This represents a significant improvement from the net loss of ₹14.63 lakh recorded in the immediately preceding quarter ended March 31, 2026. The company’s total income from operations (net) was logged at ₹10.00 lakh for the current quarter.

The quarterly earnings per share (EPS), both basic and diluted, were reported at ₹0.012, compared to a negative EPS of ₹0.033 in the prior quarter. The company’s equity share capital remained unchanged at ₹445.83 lakh.

What the Numbers Show

The reversal from a net loss to a net profit in the current quarter indicates an improvement in the company's bottom-line performance relative to the previous quarter. With total income from operations recorded at ₹10.00 lakh and no data disclosed for the corresponding quarter ended June 30, 2025, year-on-year comparisons cannot be established from the available extract. The absence of reserve movements suggests that the retained earnings position remained static during the period.

Regulatory Disclosures

The unaudited financial results for the quarter ended June 30, 2026, were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on August 13, 2026. The results were filed with the stock exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.