Tivoli Construction has scheduled a board meeting for September 4, 2026, to consider the divestment of its shareholding in Victoria Investments Company Limited. The subsidiary is classified as a material entity under regulatory guidelines.

The company notified the BSE on August 28, 2026, regarding the upcoming meeting at its registered office in Mumbai. The agenda includes seeking shareholder approval for the transfer, subject to other statutory clearances.

Key Agenda Items

The board will transact several routine and strategic matters during the session:

• Approve the re-appointment of Sagar Rupani as an independent director for a second five-year term.
• Appoint M.R. Sharma & Co. as statutory auditors for five years, starting from the conclusion of the ensuing Annual General Meeting.
• Consider the Directors' Report for the year ended March 31, 2026.
• Review the Secretarial Audit Report from Hansa Gaggarr.
• Convene the 40th Annual General Meeting of shareholders.

Regulatory Compliance

The proposal for the sale of the stake in Victoria Investments Company Limited requires compliance with Regulation 37A of the SEBI (LODR) Regulations, 2015. The transaction is also subject to approval by the members of the company.

Tivoli Construction narrowed its consolidated net loss to ₹5.98 lakh for the financial year ended March 31, 2026, compared to a loss of ₹4.37 lakh in the previous year. Revenue from operations for the year stood at ₹6.95 lakh, while total income reached ₹13.28 lakh. The company’s standalone net loss for the year was ₹1.07 lakh, a significant improvement from the loss of ₹10.24 lakh reported in FY25.

The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026. The results were reviewed by the Audit Committee and audited by statutory auditors M/s N. S. Shetty & Co, who issued an unmodified opinion. The meeting also approved the appointment of M/s Nayan Parikh & Co. as internal auditors and Ms. Hansa Shivratn Gaggar as the secretarial auditor for the financial year 2026-27.

Consolidated Financial Performance

For the quarter ended March 31, 2026, the company reported a consolidated net loss of ₹4.25 lakh. Total income for the quarter was ₹7.52 lakh, with other income contributing ₹0.57 lakh. Total expenses for the quarter amounted to ₹11.12 lakh. The company’s reserves stood at ₹196.42 lakh as of March 31, 2026, compared to ₹202.41 lakh in the previous year.

Standalone Financial Results

On a standalone basis, the company reported a net loss of ₹1.72 lakh for the quarter ended March 31, 2026. Revenue from operations for the quarter was ₹6.95 lakh. For the full year, standalone total income was ₹13.95 lakh, with other income accounting for ₹7.00 lakh. Total expenses for the year decreased to ₹15.02 lakh from ₹9.72 lakh in the previous year.

Assets and Cash Flow

The total assets of the company stood at ₹68.78 lakh as of March 31, 2026, down from ₹69.92 lakh in the previous year. Shareholders' equity decreased to ₹68.15 lakh from ₹69.22 lakh. Cash and cash equivalents at the end of the year were ₹0.83 lakh on a standalone basis and ₹2.09 lakh on a consolidated basis. The net cash flow from operating activities for the year was a negative ₹8.84 lakh standalone and ₹13.96 lakh consolidated.