Grovy India Limited has announced a significant change in its corporate leadership structure. The company has terminated the services of its Company Secretary and Compliance Officer, Ms. Megha Mishra, citing misconduct and actions inconsistent with professional standards.

Key Developments

1. Termination of Company Secretary:

   • Ms. Megha Mishra (Membership No. A73040) has been removed from her position.
   • The decision was made by the Board of Directors on November 17, 2025.

2. Interim Arrangement:

   • Mr. Prakash Chand Jalan, a Director of the company, will serve as the interim Compliance Officer.
   • This arrangement will continue until a new Company Secretary and Compliance Officer is appointed.

3. Regulatory Compliance:

   • The company has made this disclosure in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Change

Next Steps

Grovy India Limited has stated that it will initiate the process for appointing a new Company Secretary and Compliance Officer in accordance with applicable statutory requirements. The company has assured that all necessary steps are being taken to ensure continuity in secretarial and compliance functions.

This development underscores the importance of maintaining high professional standards in key corporate governance roles. Shareholders and stakeholders will likely be watching closely as Grovy India navigates this transition and works to maintain regulatory compliance.

Grovy India Limited , a prominent real estate infrastructure company, has announced impressive financial results for the second quarter of fiscal year 2026, showcasing robust growth across key metrics.

Financial Highlights

The company's performance for Q2 FY26 demonstrates significant year-on-year improvements:

Note: All financial figures are in lakhs of rupees, except for Earnings Per Share.

Operational Performance

Grovy India's strong financial results reflect its successful execution of residential projects in South Delhi. The company has a diverse portfolio of completed, ongoing, and pipeline projects, contributing to its impressive growth.

Project Portfolio

All projects are located in South Delhi, reinforcing Grovy India's strong presence in this prime real estate market.

Business Models

The company's investor presentation highlights its three core business models:

1. Outright Model: Grovy purchases entire properties for construction and sale.
2. Collaboration Model: Joint ventures where Grovy acquires a portion of land in exchange for construction services.
3. Turnkey Model: End-to-end construction services for property owners.

Looking Ahead

Grovy India's strong Q2 FY26 performance positions it well in the competitive real estate market. The company's focus on 'Boutique Properties' and its diverse project portfolio suggest a solid foundation for continued growth.

Note: The financial results discussed in this article are unaudited, as per the company's submission to BSE Limited.