Avishkar Infra Realty Limited (formerly Joy Realty Limited) has announced its quarterly results for the third quarter of fiscal year 2026, along with several strategic corporate decisions that signal the company's growth trajectory in the real estate sector.

Financial Performance for Q3FY26

The company reported its unaudited standalone and consolidated financial results for the quarter ended December 31, 2025. The financial performance showed notable improvement in earnings per share metrics.

The statutory auditors conducted a limited review of the unaudited financial results and issued an unmodified review report, indicating compliance with accounting standards and regulatory requirements.

Strategic Corporate Developments

During the board meeting held on February 14, 2026, the directors approved several significant corporate initiatives that reflect the company's expansion plans.

Investment and Financial Approvals

The board considered and approved investment limits under Section 186 of the Companies Act, 2013:

Acquisition Strategy

A major strategic decision involved the approval for acquiring a 50% stake in Transcon Businesspark Private Limited. This acquisition represents the company's commitment to expanding its presence in the commercial real estate segment.

Corporate Governance Measures

The company demonstrated strong governance practices by appointing Megha Kamal Samdani, Company Secretary in Practice and Proprietor of M K Samdani & Co., as scrutinizer for conducting postal ballot proceedings through remote e-voting. This appointment ensures fair and transparent shareholder voting processes for the proposed resolutions.

Consolidated Financial Structure

The consolidated financial statements include results from Avishkar Keval Kunj Redevelopment Private Limited, a subsidiary company in which Avishkar Infra Realty invested in March 2025. The consolidated results are prepared in accordance with Indian Accounting Standards (Ind AS 110) for consolidated financial statements as prescribed under Section 113 of the Companies Act.

The audit committee reviewed the financial results on February 14, 2026, and the board of directors adopted them on the same date, ensuring proper oversight and approval processes were followed throughout the reporting period.

Avishkar Infra Realty Limited (formerly Joy Realty Limited) has announced that its board of directors will convene on February 14, 2026, to review the company's quarterly financial performance and conduct other essential business matters.

Meeting Details and Agenda

The board meeting notice, issued on February 7, 2026, outlines the key agenda items for the upcoming session:

The primary agenda includes consideration and approval of unaudited standalone and consolidated financial results for the quarter ended December 31, 2025. The board will also take on record the limited review report provided by the company's statutory auditor, ensuring compliance with Regulation 33 of the listing regulations.

Regulatory Compliance

The meeting notice has been issued in strict adherence to Regulation 29 of SEBI (LODR) Regulations, 2015, demonstrating the company's commitment to maintaining transparency and regulatory compliance. The notice was formally communicated to both BSE Limited and MSEI Ltd, the stock exchanges where the company's shares are listed.

Company Information

Avishkar Infra Realty Limited operates under CIN: L65910MH1983PLC031230 and maintains its registered office at 301, Nector House, Vinayak CHS, beside Parshwanth Apartment, Baji Prabhu Deshpande Marg, Vile Parle (W), Mumbai, Maharashtra- 400056. The meeting notice was signed by Komal Keshwani, who serves as the Company Secretary & Compliance Officer.

Additional Business

The board meeting agenda also includes provisions for addressing any other business matters with the permission of the chairperson, allowing flexibility for discussing additional corporate matters that may require board attention during the session.