Skyline Millars Limited has submitted its quarterly compliance certificate to the BSE, confirming adherence to SEBI regulations regarding dematerialization of securities for the quarter ended March 31, 2026.

Regulatory Compliance Filing

On April 6, 2026, the company filed its certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 with BSE Limited. The filing was signed by Harshal Phatak, Chief Financial Officer of Skyline Millars Limited.

Dematerialization Process Confirmation

The certificate confirms that securities received for dematerialization during the quarter met the following compliance requirements:

• Securities comprised in the certificates have been listed on stock exchanges
• Certificates were mutilated and cancelled after due verification
• Names of depositories were substituted in the register of members as registered owners within prescribed timelines

Registrar Confirmation

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, served as the company's registrar and transfer agent. On April 3, 2026, Ashok Shetty, Senior Vice President-Corporate Registry, provided confirmation that:

Regulatory Distribution

Copies of the certificate were distributed to key regulatory bodies including National Securities Depository Limited at Naman Chambers, Bandra Kurla Complex, Mumbai, and Central Depository Services (India) Limited at Marathon Futurex, Lower Parel, Mumbai.

The filing represents standard quarterly compliance reporting required under SEBI regulations to ensure proper handling and processing of dematerialized securities transactions.

Skyline Millars Limited has released its unaudited financial results for the third quarter ended December 31, 2025, showing mixed performance indicators. The real estate company reported a net loss of ₹3.25 lakhs for Q3FY26, representing an improvement from the ₹11.77 lakhs loss recorded in the corresponding quarter of the previous year.

Quarterly Financial Performance

The company's quarterly results demonstrate operational activity resumption compared to the previous year. Revenue from operations reached ₹67.86 lakhs in Q3FY26, marking a significant improvement from zero revenue in Q3FY25. Other income contributed ₹6.71 lakhs, bringing total income to ₹74.57 lakhs for the quarter.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Skyline Millars reported a net loss of ₹60.53 lakhs, compared to ₹47.59 lakhs loss in the corresponding period of FY25. Total income for the nine-month period stood at ₹213.15 lakhs, with revenue from operations contributing ₹191.97 lakhs and other income adding ₹21.18 lakhs.

Expense Structure and Operations

The company's major expense components for Q3FY26 included cost of construction at ₹42.99 lakhs, other expenses at ₹26.33 lakhs, and employee benefits expenses at ₹8.29 lakhs. Total expenses for the quarter amounted to ₹77.82 lakhs, resulting in a loss before tax of ₹3.25 lakhs.

Earnings Per Share and Capital Structure

The company's earnings per share (EPS) for continuing operations stood at ₹0.01 loss per share for Q3FY26, compared to ₹0.03 loss per share in Q3FY25. The paid-up equity share capital remained stable at ₹402.24 lakhs with a face value of ₹1 per share.

Business Challenges and Regulatory Updates

Skyline Millars continues to face operational challenges, particularly with its Ghatkopar development project, which has been stalled since 2011 due to pending Supreme Court proceedings. The company noted that it remains unable to launch the next phase of development at this location. Additionally, the company has adapted to new consolidated labour laws that became effective from November 21, 2025, though the financial impact has been deemed not material.

Board Approval and Compliance

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 4, 2026. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under the Companies Act, 2013. The company's auditors, S G D G & Associates LLP, provided a limited review report confirming compliance with regulatory requirements.