GeeCee Ventures Reports Decline in Q2 Financial Performance

GeeCee Ventures Limited has reported a decline in its financial performance for the second quarter of the fiscal year. The company's consolidated net profit decreased to 102.00 million rupees, down from 125.00 million rupees in the same quarter last year.

Revenue Decline

The company's revenue also saw a significant decrease, falling to 177.00 million rupees compared to 292.00 million rupees in the corresponding quarter of the previous year. This represents a substantial drop of approximately 39% in revenue.

Financial Highlights

Particulars	Q2 FY2026	Q2 FY2025	% Change
Revenue	177.00	292.00	-39.38%
Net Profit	102.00	125.00	-18.40%

All figures in million rupees

Segment Performance

The company operates in two main segments: Real Estate and Financial Services. Both segments experienced challenges during the quarter:

Real Estate Segment: This segment showed a significant decline in revenue, which may have contributed to the overall revenue drop.
Financial Services Segment: While specific figures for this segment were not provided, it likely faced headwinds in the current economic environment.

Corporate Governance Update

In a separate development, the company's Board of Directors approved amendments to the "Code of Conduct for Prevention of Insider Trading and Fair Disclosure of Unpublished Price Sensitive Information" at their meeting on November 11, 2025. This move demonstrates GeeCee Ventures' commitment to maintaining high standards of corporate governance and transparency.

The company's management did not provide specific reasons for the decline in performance or offer guidance for the upcoming quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.61%	+3.49%	+9.59%	-16.57%	-8.82%	+402.31%

GeeCee Ventures Limited , a prominent player in the Indian real estate sector, has made a significant move by acquiring a prime piece of land in Mumbai's Goregaon West area. The company has purchased freehold land measuring 4,003.80 square meters for a consideration of ₹139.00 crores, excluding stamp duty and registration charges.

Transaction Details

Aspect	Details
Land Area	4,003.80 square meters
Location	Plot No. 1, Udyog Nagar Estate, Swami Vivekanand Road, Goregaon West, Mumbai - 400104
Purchase Price	₹139.00 crores (excluding stamp duty and registration charges)
Land Type	Freehold

Key Points of the Acquisition

The land bears CTS no. 919/A and is strategically located in Goregaon West, a rapidly developing area of Mumbai.
GeeCee Ventures has executed and registered a conveyance deed for the purchase.
The company plans to undertake appropriate development on this land in the future.

Transaction Transparency

GeeCee Ventures has emphasized the transparency of this transaction:

The seller is a third-party entity not affiliated with the Promoter/Promoter Group or Group companies.
The transaction does not fall under the category of Related Party Transactions.
No Promoters, Directors, Key Managerial Persons, or their relatives have any direct or indirect interest in this transaction.

This land acquisition represents a strategic move by GeeCee Ventures to expand its real estate portfolio in one of Mumbai's prime locations. The company's decision to invest a substantial amount in this land parcel indicates its confidence in the potential for development in the Goregaon West area.

As the real estate market in Mumbai continues to evolve, this acquisition positions GeeCee Ventures to capitalize on future growth opportunities in the region. The company's plans for developing this newly acquired land could potentially impact its future performance and market position in the competitive Mumbai real estate sector.