Ravinder Heights Limited announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, showcasing a significant improvement in consolidated performance while standalone operations continued to face headwinds.

Consolidated Financial Performance

The company's consolidated results demonstrated a remarkable turnaround, with strong revenue growth driving profitability improvements across key metrics.

For the nine months ended December 31, 2025, consolidated performance showed even stronger growth momentum.

Revenue Recognition from Strategic Partnership

The exceptional performance was primarily attributed to revenue recognition from a collaboration agreement with Bestech India Pvt. Ltd. During the quarter ended September 2025, Radhika Heights Limited (a wholly owned subsidiary) and its subsidiaries executed a Second Addendum to the original Collaboration Agreement dated December 10, 2019.

Under this arrangement, the developer paid additional non-refundable security deposits:

• ₹3,000.00 lakh on September 19, 2025
• ₹2,000.00 lakh on November 19, 2025

The company recognized revenue of ₹2,000.00 lakh in Q3FY26, ₹5,500.00 lakh in Q2FY26, and ₹7,500.00 lakh for the nine months ended December 31, 2025, in accordance with Ind AS-115 "Revenue from Contracts with Customers."

Standalone Performance Challenges

While consolidated results showed strong improvement, standalone operations continued to face challenges with persistent losses.

The standalone business reported consistent revenue from operations of ₹35.28 lakh across quarters, while employee benefit expenses of ₹21.29 lakh and depreciation costs of ₹20.81 lakh in Q3FY26 contributed to operational challenges.

Corporate Structure and Subsidiaries

The consolidated results include performance from Ravinder Heights Limited's subsidiary structure, comprising Radhika Heights Limited and its five subsidiaries: Radicura Infra Limited, Sunanda Infra Limited, Cabana Construction Private Limited, Nirmala Buildwell Private Limited, and Nirmala Organic Farms & Resorts Private Limited.

Regulatory Compliance and Future Considerations

The company highlighted the implementation of New Labour Codes effective from November 21, 2025, consolidating 29 existing labour legislations into four unified codes. The management is currently evaluating the potential impact on operations and will provide appropriate accounting treatment as supporting rules are finalized by central and state governments.

Ravinder Heights Limited has successfully concluded its postal ballot process and completed regulatory filings for the appointment of a new independent director. The company announced the voting results and submitted formal intimation to stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Results and Approval

The shareholders of Ravinder Heights Limited have accorded their approval with requisite majority for the special resolution through the postal ballot mechanism. The voting process was conducted in strict accordance with Section 110 of Companies Act, 2013, and relevant rules made thereunder, ensuring complete regulatory compliance.

Director Appointment and Profile

The special resolution pertained to the appointment of Mr. Chander Mohan Mehra (DIN: 07173867) as a Non-Executive Independent Director for a period of 5 consecutive years with effect from November 12, 2025. Mr. Mehra, aged 75 years, is a retired officer of the Government of India with distinguished career experience.

Professional Background

Mr. Chander Mohan Mehra brings extensive regulatory and enforcement experience to the board. He has held several key positions during his distinguished career, including Chief Commissioner of Customs Indirect Taxes. He also served as the Head of the Western Region of the Enforcement Directorate (ED) and as Executive Director at the Securities and Exchange Board of India (SEBI). The appointment was recommended by the Nomination Remuneration Committee and approved by the Board of Directors.

Category-wise Voting Breakdown

The voting results demonstrated strong support across all shareholder categories. The promoter and promoter group cast 45,837,415 votes entirely in favor of the resolution, representing 100.00% support from this category. Public institutional investors contributed 18,917 votes, all in favor of the appointment.

Regulatory Compliance and Filing

The company has submitted formal intimation to BSE Limited and National Stock Exchange of India Limited regarding the change in designation from Additional Director to Non-Executive Independent Director. The filing confirms that Mr. Mehra is not debarred from holding the office of Director by virtue of any SEBI Order or any other authority, and he is not related to any existing Director of the company.

Mr. Girish Madan, Proprietor of M/s Girish Madan Associates, Practicing Company Secretaries, served as the appointed scrutinizer for the postal ballot process. The entire process was conducted pursuant to Regulation 44(3) of SEBI (LODR) Regulations, 2015, with all documentation maintained in accordance with the Companies (Management and Administration) Rules, 2014.