Emami Realty Bolsters Legal Team with Appointment of Priyankar Dasgupta as Vice President

1 min read     Updated on 19 Aug 2025, 06:51 PM
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Jubin VergheseBy ScanX News Team
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Overview

Emami Realty has appointed Mr. Priyankar Dasgupta as Vice President - Legal, effective August 19, 2025. Mr. Dasgupta brings over 25 years of experience in legal practice and corporate legal affairs, with expertise in land acquisition, real estate regulatory compliance, litigation management, and risk mitigation. He holds an LL.B. degree from the University of Kolkata and has previously held senior positions at Siddha Group, Shrachi Group, DLF Universal Limited, and Indus Towers Ltd. This appointment aims to strengthen Emami Realty's legal capabilities and support its growth initiatives.

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*this image is generated using AI for illustrative purposes only.

Emami Realty has announced a significant addition to its senior management team. The company has appointed Mr. Priyankar Dasgupta as Vice President - Legal, effective August 19, 2025. This strategic move is expected to strengthen Emami Realty's legal capabilities and support its ongoing growth initiatives.

Professional Background

Mr. Dasgupta brings a wealth of experience to his new role, with over 25 years in legal practice and corporate legal affairs. His expertise spans various crucial areas, including:

  • Land acquisition and due diligence
  • Real estate regulatory compliance
  • Litigation management
  • Corporate legal advisory
  • Documentation and drafting
  • Team leadership
  • Client and stakeholder management
  • Risk mitigation strategies

Educational Qualifications

Priyankar Dasgupta's educational background is well-suited to his new position:

  • LL.B. degree from the University of Kolkata (1997)
  • Post Graduate Diploma in Industrial Relations and Personnel Management from Bharatiya Vidya Bhavan (1993)

Professional Journey

Throughout his career, Mr. Dasgupta has held several senior leadership positions in reputed organizations:

  • Vice President at Siddha Group
  • Vice President at Shrachi Group
  • Senior roles at DLF Universal Limited and Indus Towers Ltd
  • Experience with Dasgupta and Chatterjee (Advocates)
  • Worked with Citigroup Global Services

His diverse experience across real estate, corporate, and service sectors is expected to be a valuable asset to Emami Realty.

Implications for Emami Realty

The appointment of Mr. Dasgupta as Vice President - Legal underscores Emami Realty's commitment to strengthening its legal framework and ensuring robust compliance with real estate regulations. His extensive experience in land acquisition, due diligence, and regulatory compliance is likely to support the company's expansion plans and risk management strategies.

Emami Realty, a key player in the Indian real estate sector, continues to focus on building a strong leadership team to drive its growth and maintain its competitive edge in the market. The addition of Mr. Dasgupta to the senior management is a step towards enhancing the company's legal expertise and corporate governance practices.

As the real estate sector faces evolving regulatory landscapes and complex legal challenges, the appointment of an experienced legal professional like Mr. Dasgupta could prove instrumental in navigating these issues effectively.

Historical Stock Returns for Emami Realty

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Emami Realty Reports Rs 5,078.65 Crore Loss in Q1, Approves Delisting from Calcutta Stock Exchange

2 min read     Updated on 12 Aug 2025, 02:30 PM
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Reviewed by
Radhika SahaniBy ScanX News Team
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Overview

Emami Realty Limited reported a standalone net loss of Rs 5,078.65 crore for Q1 FY24, significantly higher than the Rs 1,399.72 crore loss in Q1 FY23. Total revenue declined to Rs 1,415.69 crore from Rs 1,741.99 crore year-on-year. The company recorded an impairment loss of Rs 85 crore on loans. Despite financial challenges, the company reported ongoing project expenses and positive inventory changes. The board approved voluntary delisting from Calcutta Stock Exchange and appointed new cost auditors.

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Emami Realty Limited , a prominent player in the real estate sector, has reported a significant standalone net loss of Rs 5,078.65 crore for the quarter ended June 30. This marks a substantial increase in losses compared to the Rs 1,399.72 crore loss recorded in the same quarter of the previous year.

Financial Performance

The company's total revenue for Q1 declined to Rs 1,415.69 crore from Rs 1,741.99 crore year-on-year, indicating challenging market conditions. The financial results, which were approved by the Board of Directors on August 12, reveal several key points:

Particulars (Standalone) Q1 (Rs in Lakhs) Q1 Previous Year (Rs in Lakhs)
Revenue from Operations 584.85 445.02
Other Income 830.84 1,296.97
Total Revenue 1,415.69 1,741.99
Total Expenses 7,019.19 3,614.30
Net Loss (5,078.65) (1,399.72)

Impairment Loss and Financial Impact

A significant factor contributing to the increased loss was an impairment loss on loans given during the quarter. The company provided Rs 85 crore as impairment loss, which was included under Other Expenses in the Financial Results. This assessment of the realizable value of loans given reflects the company's prudent approach to financial management in challenging market conditions.

Operational Highlights

Despite the financial setback, Emami Realty showed some positive operational movements:

  1. Project Expenses: The company reported project expenses of Rs 3,781.66 lakhs, indicating ongoing development activities.
  2. Inventory Changes: A positive change in inventories of finished goods, work-in-progress, and stock-in-trade amounting to Rs 3,265.53 lakhs was recorded.

Corporate Actions and Future Plans

The Board meeting also resulted in several important decisions:

  1. Delisting from Calcutta Stock Exchange: The board approved the voluntary delisting of equity shares from The Calcutta Stock Exchange Limited (CSE). This move is likely aimed at streamlining the company's listing status and potentially reducing compliance costs.

  2. Appointment of Cost Auditors: M/s. V.K. Jain & Co., Cost Accountants, have been appointed as cost auditors for the financial year. This appointment underscores the company's commitment to maintaining robust financial practices and cost management.

  3. Annual General Meeting: The 17th Annual General Meeting has been scheduled for September 24, to be conducted through video conferencing, adapting to the evolving norms of corporate governance and shareholder engagement.

  4. Capital Structure Changes: On April 16, the company had allotted 59,90,000 equity shares and 82,00,000 warrants convertible into equity shares to Promoter group entities at Rs 128.50 each, through conversion of unsecured loans. This has increased the paid-up equity share capital to Rs 876.68 lakhs.

Market Implications

The significant increase in losses and decline in revenue may raise concerns among investors about the company's short-term financial health. However, the strategic decisions taken by the board, including the delisting from CSE and the appointment of cost auditors, suggest that Emami Realty is actively working on optimizing its operations and financial structure.

The real estate sector continues to face challenges, and Emami Realty's performance reflects these industry-wide pressures. Investors and market watchers will likely keep a close eye on the company's future quarters to assess its recovery trajectory and the effectiveness of its strategic initiatives.

Historical Stock Returns for Emami Realty

1 Day5 Days1 Month6 Months1 Year5 Years
-0.76%+3.39%-3.09%+39.30%+16.45%+148.89%
Emami Realty
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