Suvidha Infraestate Corporation , a company primarily engaged in the construction of residential and commercial complexes, has reported its financial results for the quarter ended September 30, 2025, along with key management changes.

Financial Performance

The company's financial results for Q2 FY2026 show continued challenges:

The company reported no revenue for the quarter and half-year, indicating a lack of operational activity. The slight increase in quarterly loss and marginal decrease in half-yearly loss suggest ongoing financial strain.

Key Management Changes

The Board of Directors has approved two key appointments:

1. Mr. Abhijeet Goswami has been appointed as an Additional Non-Executive Director, effective November 1, 2025. This appointment is subject to shareholder approval at the upcoming General Meeting.

2. Mr. Goswami has also been named the new Chief Financial Officer (CFO) of the company, effective from the same date.

Company Outlook

Suvidha Infraestate faces significant challenges:

• The company reports accumulated losses and is not currently engaged in any gainful economic activities.
• Management notes there is no virtual certainty that these losses will be recouped in the foreseeable future.

Financial Position

As of September 30, 2025:

• Total Assets: Rs. 216.05 lakh
• Total Equity: Rs. (243.43) lakh (negative)
• Current Liabilities: Rs. 370.11 lakh

The negative equity position and substantial current liabilities highlight the company's financial distress.

Conclusion

Suvidha Infraestate Corporation continues to face significant financial and operational challenges. The appointment of a new director and CFO may signal efforts to address these issues, but the company's path to profitability remains uncertain given the lack of current revenue-generating activities and accumulated losses.

Suvidha Infraestate Corporation Limited, a real estate and construction company, held its 33rd Annual General Meeting (AGM) on September 19, 2025, through video conferencing. The shareholders approved several significant board appointments and reappointments during the meeting.

New Independent Director Appointed

Ms. Parul K. Gajjar has been appointed as a Non-Executive Independent Director for a five-year term, effective from September 1, 2025, to August 31, 2030. Ms. Gajjar, a businesswoman with expertise in Administration and Management, brings valuable knowledge to the board. Notably, she does not hold any shares in the company, ensuring her independence.

Managing Director Reappointed

Mr. Kishore K. Goswami has been reappointed as the Managing Director for another five-year term, from September 1, 2025, to August 31, 2030. With 46 years of experience in the real estate and construction business, Mr. Goswami's continued leadership is expected to benefit the company. He currently holds 113,510 equity shares in Suvidha Infraestate.

Board Composition

Following these appointments, the company's board now consists of five directors:

• One Managing Director (Mr. Kishore K. Goswami)
• Four Independent Directors (including Ms. Parul K. Gajjar)

New Secretarial Auditors

The shareholders approved the appointment of M/s. Nishant Pandya & Associates as Secretarial Auditors for a five-year period, from FY 2025-26 to FY 2029-30. Mr. Nishant Pandya, the proprietor, holds a B.Com degree and is an ACS with over six years of experience in corporate laws and finance.

Other AGM Proceedings

The AGM, which began at 12:00 noon IST and concluded at 12:16 PM IST, was conducted via video conferencing. The company used the CDSL platform for the virtual meeting and e-voting process.

During the meeting, the company noted the passing of two directors, Mr. Ashokkumar K. Goswami and Mr. Anupkumar K. Goswami, acknowledging their significant contributions to the company since its inception.

These board appointments and the conduct of the virtual AGM demonstrate Suvidha Infraestate Corporation's commitment to strong corporate governance and adaptability. The mix of experienced leadership and fresh perspectives on the board positions the company well for its future endeavors in the real estate and construction sector.