Emerald Leisures Reports Rs 566.83 Lakh Loss for Half-Year, Approves Preference Share Redemption

Emerald Leisures Limited , a hospitality and real estate company, has reported a net loss of Rs 566.83 lakh for the half-year ended September 30, 2025, according to the company's latest financial results. This represents a slight improvement from the Rs 593.91 lakh loss reported in the same period last year.

Financial Performance

The company's financial performance for the half-year period shows:

Particulars	Half-Year Ended 30-09-2025 (Rs. in Lakhs)	Half-Year Ended 30-09-2024 (Rs. in Lakhs)
Revenue from Operations	664.43	665.01
Total Income	671.84	674.55
Total Expenses	1,238.67	1,268.46
Net Loss	(566.83)	(593.91)
Basic Loss per Share (Rs.)	(3.78)	(4.28)

Despite the continued losses, Emerald Leisures has managed to marginally reduce its expenses and narrow its losses compared to the previous year.

Board Decisions

In a significant development, the company's board has approved the following measures:

Partial redemption of preference shares
Constitution of a preferential issue committee for convertible warrants

These decisions may be aimed at restructuring the company's capital and potentially raising funds for future operations.

Segment Performance

The company operates in two segments: Hospitality and Real Estate. For the current reporting period, the entire revenue of Rs 664.43 lakh is attributable to the Hospitality segment. The Real Estate segment did not generate any revenue during this period.

Balance Sheet Highlights

As of September 30, 2025, Emerald Leisures reported:

Total Assets: Rs 9,369.27 lakh
Total Liabilities: Rs 17,076.69 lakh
Negative Total Equity: Rs (7,705.71) lakh

The negative equity position indicates significant financial challenges for the company.

Cash Flow and Liquidity

The company's cash flow statement reveals:

Net cash used in operating activities: Rs (437.72) lakh
Net cash used in investing activities: Rs (19.05) lakh
Net cash from financing activities: Rs 477.43 lakh

This resulted in a net increase of Rs 20.66 lakh in cash and cash equivalents for the period.

Auditor's Review

The independent auditors, P G BHAGWAT LLP, have conducted a limited review of the financial results. They have not identified any material misstatements in the financial information provided by the company. However, they have drawn attention to the management's assessment that there is no requirement for impairment of non-financial assets as of September 30, 2025.

While Emerald Leisures continues to face financial challenges, the slight reduction in losses and the board's decisions on preference share redemption and convertible warrants may indicate efforts to improve the company's financial position.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-1.41%	+2.82%	+17.38%	+30.43%	+1,095.90%

Emerald Leisures Limited , a company listed on the Bombay Stock Exchange (BSE: 507265), held an Extraordinary General Meeting (EGM) on November 10, 2025, where shareholders approved a significant corporate action. The meeting, conducted through video conferencing, saw the passage of a special resolution to issue warrants convertible into equity shares on a preferential basis.

Key Highlights of the EGM

Meeting Details: The EGM was held on Monday, November 10, 2025, at 11:30 AM through Video Conferencing (VC)/Other Audio Visual Means (OAVM).
Resolution Passed: Shareholders approved the issue of warrants convertible into equity shares on a preferential basis to promoters/promoter group and non-promoters for cash consideration.
Voting Results: The resolution received overwhelming support with 2,082,303 votes in favor and only 79 votes against, representing a 99.9962% approval rate.

Voting Breakdown

Category	Votes Polled	Votes in Favor	Votes Against	% in Favor
Public - Non Institutions	2,082,382	2,082,303	79	99.996
Total	2,082,382	2,082,303	79	99.996

Additional Details

Record Date: November 4, 2025
E-voting Period: November 7-9, 2025
Scrutinizer: Zankhana Bhansali & Associates, Practicing Company Secretaries

Management Comments

Mr. Jaydeep Vinod Mehta, Executive Director and Chairman of the EGM, explained that the purpose of the meeting was to seek approval for the issue and allotment of convertible warrants into equity shares on a preferential basis. He emphasized that the proposed issue is in accordance with Sections 23, 42, and 62(1)(c) of the Companies Act, 2013, and Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Implications

The approval of this resolution allows Emerald Leisures Limited to proceed with the issuance of convertible warrants, which could potentially lead to an increase in the company's equity capital. This move may provide the company with additional funds for various corporate purposes, although specific details about the use of proceeds were not disclosed in the available information.

Investors and market participants will be keen to observe how this capital raising initiative impacts the company's financial position and future growth strategies. The strong shareholder support for this resolution indicates confidence in the management's decision-making and the potential benefits of this corporate action.

As the company moves forward with this initiative, stakeholders will likely look for further announcements regarding the terms of the warrant issue, including the conversion price, timeline, and the specific amount of capital to be raised.