Sterling Greenwoods Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showing continued losses despite some improvement compared to the previous year. The company's Board of Directors approved the standalone and consolidated financial results on February 13, 2026, following review by the Audit Committee.

Financial Performance Overview

The company reported significant losses for the quarter, though showing some improvement year-over-year:

Nine-Month Performance

For the nine months ended December 31, 2025, Sterling Greenwoods showed improved performance compared to the previous year:

Key Financial Ratios

The company's financial ratios reflect its challenging operational position:

Business Transition and Lease Agreement

Sterling Greenwoods has undergone a significant business model transition following a lease agreement with Pushpadevi Goenka Trust dated April 1, 2024. The company was previously engaged in Real Estate and Resorts & Club Membership segments. Due to this transition, segment-wise disclosures have not been presented as management considers it not practicable at this stage.

The lease rent became due from October 1, 2024, after completion of the moratorium period. However, the company has not charged lease income for the quarters ending June 30, September 30, and December 31, 2025, amounting to ₹45.00 lakh for each quarter, totaling ₹135 lakh.

Ongoing Legal Matters

The company continues to deal with several legal matters that may impact its financial position. These include ongoing NCLT proceedings, civil suits filed against Paksh Developers Private Limited and former directors, and matters related to asset transfers in FY 2009-10. The company has also provided for ₹17.55 lakh as expected credit loss related to misappropriation by a former resort manager.

Auditor's Observations

The statutory auditors, Nahta Jain and Associates, noted that the company should book lease income on a mercantile basis. If lease income had been recognized for all three quarters, the losses would have decreased by ₹45 lakh in each quarter, totaling ₹135 lakh for the nine-month period.

Sterling Greenwoods Limited has announced that its board of directors will convene on February 13, 2026, to review and approve the company's quarterly financial results for Q3FY26. The meeting represents a key milestone in the company's financial reporting calendar as it prepares to disclose its performance for the quarter ended December 31, 2025.

Board Meeting Details

The board meeting will take place at the company's registered office located at 25 Sunrise Centre, Opp Drive-Incinema, Thaltej, Ahmedabad Gujarat. The meeting has been scheduled in accordance with Regulation 29(1)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Agenda Items

The board will focus on two primary matters during the scheduled meeting. The primary agenda involves the consideration, approval, and recording of both standalone and consolidated unaudited quarterly financial results for the quarter and nine months ended December 31, 2025. Additionally, the board will review the draft Limited Review Report prepared by the company's Statutory Auditors, ensuring compliance with Regulation 33 of SEBI (Listing Obligations & Disclosures Requirements) Regulations, 2015.

The meeting will also address any other business matters that may arise with the permission of the chairperson, providing flexibility for additional corporate matters that may require board attention.

Trading Window Restrictions

Sterling Greenwoods Limited has implemented mandatory trading restrictions in compliance with insider trading regulations. The company has closed the trading window for designated persons, connected persons, and their immediate relatives effective January 1, 2026. This restriction will remain in place until 48 hours following the conclusion of the board meeting.

The trading window closure aligns with the company's Code of Conduct for SEBI (Prohibition of Insider Trading) Regulations, 2015, demonstrating the company's commitment to maintaining transparency and preventing any potential misuse of unpublished price-sensitive information.

Corporate Compliance

The announcement was signed by Narender Saini, Whole-time Director with DIN: 10424157, on February 3, 2026. The communication was formally submitted to BSE Limited, where the company's equity shares are listed under scrip code 526500, ensuring full regulatory compliance and transparency with stakeholders.