Skyline Millars Limited has released its financial results for the quarter ended September 30, 2025, revealing an increased loss despite a rise in revenue. The company also provided updates on its ongoing Karjat Project construction.

Financial Performance

All figures in Rs. lakhs

Skyline Millars reported a net loss of Rs. 22.88 lakhs for the quarter ended September 30, 2025, compared to a loss of Rs. 16.67 lakhs in the same period last year. However, the company saw a significant improvement in its revenue from operations, which increased to Rs. 70.00 lakhs from zero in the previous year's quarter.

For the half-year period, the company's losses widened to Rs. 57.28 lakhs, up from Rs. 35.65 lakhs in the previous year.

Operational Highlights

The company's Board has approved the unaudited financial results for the quarter. Total expenses for the period stood at Rs. 100.30 lakhs, with the cost of construction being the major component at Rs. 65.11 lakhs.

Karjat Project Update

Skyline Millars provided updates on its Karjat Project:

• Construction of F wing is ongoing
• Construction work of E wing has commenced

Liquidity Position

The company's cash and cash equivalents decreased to Rs. 35.12 lakhs as of September 30, 2025, down from Rs. 112.80 lakhs reported on March 31, 2025.

While Skyline Millars has shown improvement in revenue generation, the increased losses and declining cash position may present challenges for the company. The progress in the Karjat Project could potentially contribute to future revenue, but the company's ability to manage costs and improve profitability in the coming quarters remains a key area to watch.

Skyline Millars Limited , a prominent player in the real estate and construction sector, has announced a significant corporate restructuring involving its promoter, Dave Builders Private Limited. The National Company Law Tribunal (NCLT) has approved a Scheme of Arrangement that will result in the demerger of Dave Builders' shareholding in Skyline Millars, effectively redistributing ownership among three newly formed entities.

Key Details of the Demerger

The NCLT sanctioned the Scheme of Arrangement on June 26, 2025, with an appointed date of April 1, 2025. Under this scheme, Dave Builders Private Limited's entire stake of 57,20,910 equity shares in Skyline Millars will be transferred to three resulting companies:

This restructuring represents a significant shift in the ownership pattern of Skyline Millars, with the promoter's holdings now distributed among these newly formed entities.

Rationale Behind the Demerger

The company stated that the demerger is aimed at achieving several strategic objectives:

1. Greater administrative efficiency
2. Operational rationalization and organizational efficiency
3. Focused management approach for each business unit
4. Enhanced ability to leverage financial and operational resources
5. Improved capital allocation for independent business opportunities

Maulik Dave, Whole-time Director of Skyline Millars Limited, emphasized that this restructuring is designed to ensure better operational management and accelerated growth of individual units, potentially leading to higher returns for shareholders and employees.

Regulatory Compliance and Next Steps

The NCLT order stipulates that the companies involved must file the necessary forms with the Registrar of Companies within 30 days and pay applicable stamp duty within 60 working days. Skyline Millars has assured stakeholders that the interests of creditors and employees will be protected throughout this transition.

Impact on Shareholders

While the demerger primarily affects the promoter group's shareholding structure, it may have implications for all shareholders in terms of the company's future strategic direction and operational focus. The company's management believes that this restructuring will create value for all stakeholders by allowing for more targeted growth strategies across different business segments.

Annual General Meeting Update

In related news, Skyline Millars Limited recently held its 105th Annual General Meeting on September 24, 2025, where shareholders approved key resolutions, including the adoption of financial statements and the reappointment of Mr. Ashok Patel as a director. The meeting, conducted through video conferencing, saw active participation from both promoter group members and public shareholders.

As Skyline Millars Limited embarks on this new chapter, stakeholders will be keenly watching how the restructured ownership influences the company's strategic decisions and overall performance in the coming years.