National Standard (India) Limited Director Smita Ghag Steps Down

National Standard (India) Limited , a company listed on the Bombay Stock Exchange (BSE: 504882), has announced a significant change in its board composition. Smita Ghag, serving as a Non-Executive Non-Independent Director, has tendered her resignation from the company's board.

Resignation Details

The company disclosed the following key information regarding Ms. Ghag's departure:

Detail	Information
Director Name	Smita Ghag
DIN	02447362
Position	Non-Executive Non-Independent Director
Effective Date	November 6, 2025 (close of business hours)
Reason	Other professional commitments

Corporate Disclosure

In compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, National Standard (India) Limited promptly informed the BSE about this development. The company has also made the information available on its official website ( www.nsil.net.in ) for public access.

Director's Statement

In her resignation letter addressed to the Board of Directors, Ms. Ghag expressed her appreciation for the cooperation extended to her by the Board and Senior Management during her tenure. She also confirmed that there were no material reasons for her resignation other than the professional commitments mentioned.

Company Response

Hitesh Marthak, the Company Secretary and Compliance Officer of National Standard (India) Limited, officially communicated this change to the stock exchange. The company has provided all necessary details as required under the SEBI regulations, including the effective date of cessation and the reason for the change.

This board-level change comes as National Standard (India) Limited continues its operations from its registered office at 412, Floor-4, 17G Vardhaman Chamber, Cawasji Patel Road, Horniman Circle, Fort, Mumbai-400001.

Investors and stakeholders of National Standard (India) Limited will be observing any potential impacts or further changes in the company's governance structure following this resignation.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.34%	-2.44%	-19.55%	-52.94%	-69.07%	+167.53%

National Standard (India) Limited , a real estate development company, has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025, showcasing robust performance and strategic developments.

Financial Highlights

The company reported impressive financial results for Q2 FY26:

Particulars (₹ in lakhs)	Q2 FY26	Q2 FY25	H1 FY26	H1 FY25
Revenue from Operations	1,725.18	380.25	1,725.18	382.85
Other Income	618.85	436.78	1,052.56	897.79
Total Income	2,344.03	817.03	2,777.74	1,280.64
Profit Before Tax	583.12	641.08	731.81	1,020.39
Profit for the Period	425.66	480.44	524.34	744.70
EPS (Basic and Diluted)	2.13	2.40	2.62	3.72

Key Observations

Revenue Surge: The company witnessed a significant year-on-year increase in revenue from operations for Q2 FY26, rising to ₹1,725.18 lakhs from ₹380.25 lakhs in Q2 FY25.
Profit Performance: Despite the substantial revenue growth, the profit for Q2 FY26 slightly decreased to ₹425.66 lakhs compared to ₹480.44 lakhs in the same quarter last year.
Half-Yearly Performance: For H1 FY26, the total income more than doubled to ₹2,777.74 lakhs from ₹1,280.64 lakhs in H1 FY25.
Earnings Per Share: The company reported an EPS of ₹2.13 for Q2 FY26 and ₹2.62 for H1 FY26.

Operational Update

National Standard (India) Limited continues to focus on its core business of real estate development. The company's Board of Directors has disclosed that it operates in a single reportable segment, which is real estate development.

Strategic Developments

The company has made progress on its merger plans:

On July 30, 2024, the Board approved a scheme of merger by absorption with Lodha Developers Limited (formerly known as Macrotech Developers Limited), subject to necessary approvals.
A modification to the scheme was approved on August 11, 2025, although this modification reportedly has no bearing on the company's merger proposal.

Conclusion

National Standard (India) Limited's Q2 FY26 results demonstrate strong revenue growth in its real estate operations. The company's strategic moves, including the proposed merger with Lodha Developers Limited, suggest a focus on strengthening its market position. Investors and stakeholders may want to keep a close eye on the progress of the merger and its potential impact on the company's future performance.