Skyline Millars Limited has announced its audited financial results for the fourth quarter and year ended 31st March, 2026, following the Board of Directors meeting held on April 22, 2026. The real estate company reported substantial losses amid challenging market conditions and operational constraints.

Board Meeting Outcome

The Board of Directors approved the audited financial results at their meeting held on April 22, 2026, which commenced at 11:30 a.m. and concluded at 1:30 p.m. The audit committee reviewed the results prior to board approval, with Whole-time Director Maulik Dave signing off on the official disclosure to BSE Limited.

Financial Performance Overview

The company's financial performance for FY26 reflected considerable challenges across key metrics:

Quarterly Results Analysis

The fourth quarter of FY26 showed particularly weak performance, with the company reporting a net loss of ₹45.85 lakhs compared to a profit of ₹21.47 lakhs in Q4 FY25. Revenue from operations dropped to zero in Q4 FY26, while other income contributed ₹7.09 lakhs to total quarterly income.

Expense Breakdown

The company's expense structure revealed significant cost pressures during FY26:

Balance Sheet Position

As of March 31, 2026, the company maintained its balance sheet position despite operational losses:

Earnings Per Share Impact

The company's earnings per share (EPS) reflected the poor operational performance, with basic and diluted EPS for continuing operations at negative ₹0.26 for FY26 compared to negative ₹0.05 in FY25. The paid-up equity share capital remained unchanged at ₹402.24 lakhs.

Business Challenges

According to the company's disclosures, Skyline Millars continues to face significant operational challenges. The company noted that it has been unable to launch the next phase of development at Ghatkopar since 2011 as the matter remains pending in the Supreme Court. The company is primarily engaged in the real estate business and operates as a single reportable segment following the discontinuation of its Umreth division.

Cash Flow Analysis

The company's cash flow statement revealed operational difficulties, with net cash outflow from operating activities of ₹163.63 lakhs in FY26 compared to ₹252.82 lakhs in FY25. Cash and cash equivalents decreased significantly to ₹7.07 lakhs from ₹112.80 lakhs in the previous year.

Auditor's Report

S G D G & Associates LLP, the company's statutory auditors, issued an unmodified audit opinion on the financial results. The auditors confirmed that the financial results are presented in accordance with Regulation 33 of SEBI Listing Regulations and give a true and fair view in conformity with Indian Accounting Standards.

Skyline Millars Limited has announced a board meeting scheduled for April 22, 2026, to consider and approve the company's audited financial results for the fourth quarter and full year ended March 31, 2026. The announcement was made through a formal notice dated April 13, 2026, addressed to BSE Limited in compliance with regulatory requirements.

Meeting Details and Purpose

The board meeting has been scheduled in accordance with Regulation 29 read with Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The primary agenda includes consideration and approval of the audited financial results for Q4 FY26 and the complete financial year.

Regulatory Compliance

The notice was formally submitted to BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai, as part of the company's listing obligations. The communication was signed by Harshal Phatak, Chief Financial Officer of Skyline Millars Limited, ensuring proper authorization and compliance with corporate governance standards.

Additional Matters

Beyond the financial results approval, the board meeting agenda includes provisions for addressing any other matters that may arise during the proceedings. This standard practice allows the board flexibility to discuss relevant business matters as needed.

Company Information

Skyline Millars Limited operates from its registered office at Churchgate House, 4th Floor, 32-34, Veer Nariman Road, Fort, Mumbai. The company maintains its sales office at C/2, Skyline Welthspace, Gate No. 2, Skyline Oasis, Premier Road, Vidyavihar (w), Mumbai. The formal notice ensures transparency and keeps stakeholders informed about important corporate developments in line with regulatory requirements.