Narendra Properties Reports Profitable Q2 FY26, Appoints New Company Secretary

Narendra Properties Limited , a company operating primarily in the construction and property development segment, has announced its financial results for the second quarter of fiscal year 2026, ending September 30, 2025. The company has shown a significant turnaround in its performance, moving from a loss in the previous year to a profit in the current quarter.

Financial Highlights

Particulars (in Rs. Lakhs)	Q2 FY26	Q2 FY25	Change
Total Income	75.23	407.50	-81.5%
Net Profit After Tax	40.26	-56.66	N/A
Basic EPS (in Rs.)	0.57	-0.80	N/A

Despite a significant decrease in total income, Narendra Properties has managed to turn its financial performance around, reporting a net profit after tax of Rs. 40.26 lakhs for Q2 FY26, compared to a net loss of Rs. 56.66 lakhs in the same quarter of the previous year.

For the six-month period ending September 30, 2025, the company achieved a net profit of Rs. 117.47 lakhs, demonstrating sustained profitability over the first half of the fiscal year.

Operational Updates

The Board of Directors, in their meeting held on November 11, 2025, approved several key decisions:

Related Party Transaction

The company has entered into a related party transaction with Ankur Foundations Private Limited for property leasing. The transaction involves:

Letting out property on rent/lease for up to 3 years
Value of Rs. 50,000 per month
Subject to limits prescribed under the Companies Act, 2013

New Appointment

Mr. Rishabh Haran (Membership No. ACS-78284) has been appointed as the Company Secretary and Compliance Officer, effective November 11, 2025. Mr. Haran's qualifications include:

Associate Member of the Institute of Company Secretaries of India
B.Com degree

Market Implications

The turnaround in profitability, coupled with strategic decisions such as the related party transaction for property leasing, may be viewed positively by investors. However, the significant drop in total income warrants attention and may require further explanation from the management regarding the company's revenue streams and future growth prospects.

Investors and market analysts will likely be watching closely to see if Narendra Properties can maintain this profitability trend and potentially recover its revenue in the coming quarters.

As Narendra Properties Limited continues to navigate the dynamic real estate and property development sector, these results and corporate actions provide important insights into the company's financial health and strategic direction.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-9.17%	-3.71%	-13.30%	-12.43%	-15.33%	+336.56%

Narendra Properties Limited , a Chennai-based real estate company, has made significant corporate announcements that could impact its operations and governance structure. The company's Board of Directors has approved a related party transaction and appointed a new Company Secretary and Compliance Officer.

Related Party Transaction Approved

The Board of Directors, in their meeting held on November 11, 2025, approved a related party transaction involving the leasing of property to Ankur Foundations Private Limited. This decision came after receiving approval from the Audit Committee. The transaction details are as follows:

Aspect	Details
Related Party	Ankur Foundations Private Limited
Nature of Relationship	Entity in which Director(s) are interested
Transaction Type	Letting out property on rent/lease
Duration	Up to 3 years
Value	Rs. 50,000.00 per month (subject to adjustments within prescribed limits under the Companies Act, 2013)

The company has stated that any adjustments to the rental amount will be made within the overall limits prescribed under the Companies Act, 2013.

New Company Secretary Appointed

In the same board meeting, Mr. Rishabh Haran (Membership No. ACS-78284) was appointed as the Company Secretary and Compliance Officer of Narendra Properties Limited. The appointment is effective from November 11, 2025. Mr. Haran is an Associate Member of the Institute of Company Secretaries of India and holds a degree in B.Com (General).

Key Managerial Personnel for Disclosures

The Board has authorized the following Key Managerial Personnel to determine the materiality of events and make disclosures to the stock exchange:

Mr. Chirag N Maher, Managing Director
Mr. Rishabh Haran, Company Secretary and Compliance Officer (w.e.f. 11.11.2025)

Financial Performance

While the company has released its unaudited financial results for the quarter ended September 30, 2025, the focus of this announcement was on the corporate actions rather than financial performance. Investors and stakeholders are advised to refer to the detailed financial statements for a comprehensive understanding of the company's financial position.

These corporate actions demonstrate Narendra Properties Limited's commitment to transparency in related party transactions and strengthening its corporate governance structure. The appointment of a new Company Secretary is expected to enhance the company's compliance and regulatory affairs management.