Sunteck Realty Limited shareholders approved all five resolutions passed at the 43rd Annual General Meeting held on September 24, 2026. Key approvals included the adoption of FY26 financial statements and a special resolution enabling the company to raise funds through the further issue of securities.

The voting results, disclosed on September 25, 2026, show strong shareholder support. The special resolution for raising funds received 99.85% votes in favor, while the ordinary resolution for director re-appointment secured 98.91% support. The meeting was conducted via Video Conferencing/Other Audio-Visual Means (VC/OAVM).

Financial performance recap

The AGM followed the company's record financial performance for FY26. Profit after tax rose 34% to ₹202 crore, and revenue from operations grew 32% to ₹1,124 crore. Pre-sales reached an all-time high of ₹3,157 crore, marking a 25% increase over the previous year. Collections rose 14% to ₹1,433 crore, while EBITDA expanded 64% to ₹305 crore, with margins improving by over five percentage points to 27%.

Financial highlights

The company maintained a strong balance sheet, closing the year with a net debt-to-equity ratio of 0.06x. Net cash flow surplus increased 48% to ₹552 crore, delivering a cash flow return on capital employed (RoCE) of approximately 20%. The following table summarizes key FY26 metrics:

Portfolio and business development

Total Gross Development Value (GDV) stood at ₹41,030 crore in FY26, more than doubling from ₹19,345 crore in FY23. The portfolio is diversified across ten micro-markets and three customer segments: Uber Luxury (32%), Premium Luxury (37%), and Aspirational Luxury (31%). Approximately 28% of the GDV is owned outright, while 69% is under joint ventures and joint development agreements.

Capitalizing on strong cash flows, Sunteck invested ₹813 crore in business development during FY26, more than four times the prior year's investment. The company also highlighted its annuity portfolio, which currently earns ~₹76 crore annually, with expectations for lease rentals to reach ~₹450 crore over the next three years as new projects come into operation.

AGM proceedings and voting details

The 43rd Annual General Meeting was conducted via VC/OAVM. Shareholders approved the audited standalone and consolidated financial statements for FY26 and ratified the remuneration of the cost auditor for FY27. Ajeet Singh was re-appointed as a director retiring by rotation. Additionally, shareholders passed a special resolution enabling the further issue of securities.

Kamal Khetan, Chairman and Managing Director, addressed members virtually, emphasizing the company's focus on disciplined growth and capital efficiency. The meeting concluded with the appointment of Veeraraghavan N. as scrutinizer for the e-voting process facilitated by NSDL.

What the numbers show

The divergence between revenue growth (32%) and EBITDA growth (64%) indicates significant operating leverage as completed projects flow through the profit and loss account. With net debt-to-equity at just 0.06x and India Ratings reaffirming the long-term rating at AA, Sunteck Realty combines high growth with low leverage, distinguishing it from many peers in the real estate sector. The approval of the fund-raising resolution suggests the company may seek additional capital to fuel its expanding GDV pipeline despite its current low leverage.

Sunteck Realty has announced that it will hold an analyst and investor meeting on September 29.

Meeting details

The scheduled interaction will bring together analysts and investors for a dedicated engagement session with the company.