National Standard (India) Limited has submitted its quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The certificate covers the quarter ended March 31, 2026, and was filed on April 8, 2026.

Regulatory Compliance Details

The submission relates to Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, which mandates quarterly reporting on dematerialization processes. Company Secretary and Compliance Officer Hitesh Marthak signed the filing, confirming adherence to prescribed regulatory timelines.

Registrar Confirmation

CB Management Services (P) Limited, the company's appointed Registrar and Transfer Agent, provided comprehensive confirmation regarding dematerialization activities during the quarter. The registrar confirmed that securities received from depository participants for dematerialization were properly processed and accepted or rejected as appropriate.

Key confirmations from the registrar include:

• All securities received for dematerialization during the quarter ended March 31, 2026 were confirmed to depositories
• Securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialization were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners within stipulated periods

Administrative Process

The filing demonstrates National Standard (India) Limited's commitment to maintaining regulatory compliance and transparent shareholder record management. CB Management Services, operating from Kolkata, continues to serve as the company's registrar, ensuring proper maintenance of shareholder records and compliance with SEBI regulations.

The certificate submission represents routine quarterly compliance activity, confirming that the company's dematerialization processes align with regulatory requirements and that all procedural safeguards remain in place for investor protection.

National Standard (India) Limited announced strong quarterly performance for Q3FY26, with net profit surging 51% year-on-year despite a significant decline in operational revenue. The real estate development company's Board of Directors approved the unaudited financial results for the quarter ended December 31, 2025, at their meeting held on January 19, 2026.

Financial Performance Highlights

The company's financial performance for Q3FY26 showed mixed results with profitability remaining robust despite operational challenges:

The company's net profit for Q3FY26 reached ₹325.24 crores, marking a substantial 51% increase from ₹215.35 crores reported in Q3FY25. This strong profitability was achieved despite revenue from operations declining by approximately 80% to ₹316.63 crores from ₹1,569.45 crores in the corresponding quarter of the previous year.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, National Standard reported the following performance:

The nine-month results showed revenue from operations growing by 4.59% to ₹2,041.81 crores, while net profit declined by 11.51% to ₹849.58 crores compared to ₹960.05 crores in the same period last year.

Cost Management and Operational Efficiency

The company demonstrated effective cost management during Q3FY26. Total expenses decreased significantly to ₹322.74 crores from ₹1,666.25 crores in Q3FY25, primarily driven by lower cost of projects which fell to ₹312.12 crores from ₹1,553.90 crores. Other expenses also declined substantially to ₹7.98 crores from ₹110.61 crores in the corresponding quarter last year.

Corporate Developments

National Standard operates exclusively in the real estate development segment with operations confined to India. The company has an approved merger scheme with Lodha Developers Limited (formerly Macrotech Developers Limited) under Section 232 of the Companies Act, 2013. The scheme received approval from BSE Limited on December 30, 2025, and the company is currently in the process of filing the merger application with the NCLT Mumbai Bench.

Financial Position and Outlook

The company maintained a stable capital structure with paid-up equity share capital of ₹2,000.00 crores, consisting of shares with a face value of ₹10 each. The financial results were reviewed by the Audit Committee and subjected to limited review by statutory auditors MSKA & Associates LLP, who expressed an unmodified conclusion on the unaudited financial statements.