Thrive Future Habitats Limited reported a consolidated net loss of ₹102.20 lakh for the financial year ended March 31, 2026, narrowing from a loss of ₹318.09 lakh in the previous year. The company's board of directors approved the audited standalone and consolidated financial results for FY26 on May 25, 2026. The statutory auditors, M/s Praveen & Madan, issued an unmodified opinion on the financial results.

Financial Performance

The company recorded total income of ₹230.47 lakh for the year, a decrease from ₹282.24 lakh in FY25. Total expenses for FY26 stood at ₹330.20 lakh, compared to ₹335.31 lakh in the previous year. On a standalone basis, the net loss for the year was ₹97.02 lakh, wider than the ₹65.07 lakh loss reported in FY25. Basic earnings per share (EPS) for the year on a consolidated basis was (₹1.14), compared to (₹6.78) in the prior year.

Key Financial Metrics (Consolidated)

Board Decisions and Appointments

During the meeting held on May 25, 2026, the board appointed M/s Jain Chopra & Company as the internal auditor for FY 2026-27. The firm was appointed at an annual remuneration of ₹2,00,000 plus applicable taxes. Additionally, the board approved the appointment of Mr. Mukut Sharma as Senior Vice President, Assets, and a Senior Management Personnel, effective June 1, 2026. Mr. Sharma brings over 38 years of experience in the construction and real estate sectors.

Operational and Capital Updates

The company's cash and cash equivalents as of March 31, 2026, stood at ₹2,216.62 lakh, a significant increase from ₹0.13 lakh in the previous year. This rise was primarily driven by proceeds from the issuance of equity shares and share warrants amounting to ₹4,466.37 lakh during the year. The board also noted the divestment of shareholding in subsidiary Aura Flow Private Limited, resulting in the cessation of control effective March 30, 2026.

Thrive Future Habitats Limited has acquired an additional 12.59% equity stake in its subsidiary, 1908 E-Ventures Private Limited, for a cash consideration of ₹7,575.78. The board of directors of 1908 E-Ventures approved the transfer of 7,57,578 equity shares on May 13, 2026, which have now been credited to the company's demat account. This transaction is part of a larger strategy to acquire a total 30.31% stake in the subsidiary for ₹18,249.07, aiming to make it a wholly owned subsidiary to ensure effective management control and operational integration.

Acquisition Progress

The company disclosed that out of the total targeted 18,24,907 equity shares, 15,18,738 shares have been credited to its demat account so far. The remaining shares are expected to be credited within the timeline of December 31, 2026. The acquisition is being conducted via cash consideration and does not qualify as a related party transaction for the specific shares acquired from Srinivas Padmanabha Sapalya.

Share Transfer Details

The recent acquisition of 7,57,578 shares was sourced from a single transferor. The breakdown of the credited shares is as follows:

Financial Performance

1908 E-Ventures Private Limited, incorporated on August 8, 2015, operates in the e-commerce and online retail sector. For the financial year ended March 31, 2025, the entity reported a turnover of Nil and a net loss of (252.42) lakhs. The turnover for the previous financial years was ₹157.62 lakhs in 2023-24 and ₹642.96 lakhs in 2022-23.