Popular Estate Management Reports Net Loss of Rs. 29.22 Lakhs for FY26; Zero Revenue in Q4

Popular Estate Management Limited has released its standalone audited financial results for the quarter and year ended March 31, 2026, as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their respective meeting held on May 9, 2026. The financial statements have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (IndAS), as notified under Section 133 of the Companies Act, 2013.

Quarterly Financial Performance

For the quarter ended March 31, 2026, Popular Estate Management recorded no revenue from operations, compared to Rs. 46.58 lakhs in the corresponding quarter ended March 31, 2025. The company reported a net loss of Rs. 6.99 lakhs for Q4FY26, a deterioration from a net profit of Rs. 20.24 lakhs in Q4FY25. The sequential comparison also reflects a widening loss, with the preceding quarter ended December 31, 2025 having recorded a net loss of Rs. 5.11 lakhs.

The table below summarises the key quarterly financial metrics:

Metric: Q4FY26 (31.03.2026) Audited Q3FY26 (31.12.2025) Unaudited Q4FY25 (31.03.2025) Audited Total Income from Operations (Net) (Rs. Lakhs): -- -- 46.58 Net Profit/(Loss) before Tax & Exceptional Items (Rs. Lakhs): (6.99) (5.11) 34.83 Net Profit/(Loss) before Tax after Exceptional Items (Rs. Lakhs): (6.99) (5.11) 20.24 Net Profit/(Loss) after Tax & Exceptional Items (Rs. Lakhs): (6.99) (5.11) 20.24 Total Comprehensive Income (Rs. Lakhs): (6.99) (5.11) 20.24 Basic EPS (Rs.): (0.05) (0.04) 0.14 Diluted EPS (Rs.): (0.05) (0.04) 0.14

Full-Year Financial Performance

For the full year ended March 31, 2026, Popular Estate Management reported total income from operations of nil, compared to Rs. 46.58 lakhs in FY25. The company recorded a net loss of Rs. 29.22 lakhs for FY26, an improvement over the net loss of Rs. 35.51 lakhs reported in FY25. The total comprehensive income for FY26 stood at a loss of Rs. 29.22 lakhs, compared to a loss of Rs. 35.51 lakhs in the previous year.

The table below presents the full-year financial comparison:

Metric: FY26 (31.03.2026) Audited FY25 (31.03.2025) Audited Total Income from Operations (Net) (Rs. Lakhs): -- 46.58 Net Profit/(Loss) before Tax & Exceptional Items (Rs. Lakhs): (29.22) (20.92) Net Profit/(Loss) before Tax after Exceptional Items (Rs. Lakhs): (29.22) (35.51) Net Profit/(Loss) after Tax & Exceptional Items (Rs. Lakhs): (29.22) (35.51) Total Comprehensive Income (Rs. Lakhs): (29.22) (35.51) Basic EPS (Rs.): (0.21) (0.25) Diluted EPS (Rs.): (0.21) (0.25)

Capital Structure

The equity share capital of Popular Estate Management remained unchanged at Rs. 1400.02 lakhs across all reported periods, comprising 14,000,200 shares of Rs. 10/- each. Reserves and surplus, excluding revaluation reserves, were reported as nil for all periods under review.

Regulatory Compliance and Disclosure

The company published the newspaper advertisement regarding the financial results in the Free Press (English language) and Lokmitra (Gujarati language) on May 10, 2026, in compliance with applicable SEBI regulations. The intimation was submitted to BSE Limited on May 10, 2026, and was signed by Vikram Patel, Director, Manager, and CFO (DIN: 00166707). The full format of the standalone financial results is available on the BSE website at www.bseindia.com and on the company's website.

Popular Estate Management Limited held its board meeting on May 9, 2026, at its registered office in Thaltej, Ahmedabad, commencing at 02:00 p.m. and concluding at 03:00 p.m. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the board approved the audited standalone financial results under Indian Accounting Standards (Ind AS) for the quarter and year ended March 31, 2026, as reviewed by the Audit Committee. The statutory audit was conducted by M/s. H. S. Jani & Associates (FRN: 127515W), whose independent auditor's report confirmed that the financial results give a true and fair view of the net profit and other financial information in accordance with applicable Indian Accounting Standards.

Financial Performance

The company reported no revenue from operations for the quarter and year ended March 31, 2026. The following table presents the key financial results (₹ in lakhs, except per share data):

Metric: Q4 FY26 Q3 FY26 Q4 FY25 FY26 FY25 Revenue from Operations: — — — — — Other Income: — — 46.58 — 46.58 Total Income: — — 46.58 — 46.58 Employee Benefits Expenses: 3.43 3.58 2.64 13.96 11.76 Depreciation & Amortisation: 0.09 0.09 3.83 0.30 16.77 Other Expenses: 3.47 1.44 5.28 14.96 38.97 Total Expenses: 6.99 5.11 11.75 29.22 67.50 Profit/(Loss) Before Exceptional Items & Tax: (6.99) (5.11) 34.83 (29.22) (20.92) Exceptional Items: — — 14.59 — 14.59 Profit/(Loss) Before Tax: (6.99) (5.11) 20.24 (29.22) (35.51) Net Profit/(Loss): (6.99) (5.11) 20.24 (29.22) (35.51) Basic EPS (₹, not annualised): (0.05) (0.04) 0.14 (0.21) (0.25) Diluted EPS (₹, not annualised): (0.05) (0.04) 0.14 (0.21) (0.25)

The company recorded a net loss of ₹29.22 lakhs for FY26, an improvement compared to the net loss of ₹35.51 lakhs in FY25. Total expenses declined significantly to ₹29.22 lakhs in FY26 from ₹67.50 lakhs in FY25, primarily driven by lower depreciation and other expenses. The paid-up equity share capital stood at ₹1,400.02 lakhs, comprising 1,40,00,200 shares of ₹10 each.

Balance Sheet Highlights

The following table summarises the company's assets and liabilities as at March 31, 2026 (₹ in lakhs):

Parameter: As at 31-03-26 (Audited) As at 31-03-25 (Audited) Total Non-Current Assets: 151.91 151.68 Total Current Assets: 4,896.30 4,897.34 Total Assets: 5,048.21 5,049.02 Share Capital: 1,400.02 1,400.02 Other Equity: 2,813.40 2,842.62 Non-Current Liabilities (Borrowings): 827.64 796.89 Total Current Liabilities: 7.15 9.49 Total Equity and Liabilities: 5,048.21 5,049.02

Total assets remained largely stable at ₹5,048.21 lakhs as at March 31, 2026, compared to ₹5,049.02 lakhs a year earlier. Inventories were unchanged at ₹501.30 lakhs, while cash and cash equivalents improved marginally to ₹1.43 lakhs from ₹1.25 lakhs. Non-current borrowings increased to ₹827.64 lakhs from ₹796.89 lakhs.

Cash Flow Summary

The cash flow statement for the year ended March 31, 2026 is summarised below (₹ in lakhs):

Particulars: FY26 FY25 Net Cash from/(used in) Operating Activities: (30.04) (53.77) Net Cash from/(used in) Investing Activities: (0.53) 54.67 Net Cash from/(used in) Financing Activities: 30.75 (1.00) Net Increase/(Decrease) in Cash: 0.18 (0.10) Cash at Beginning of Year: 1.25 1.35 Cash at End of Year: 1.43 1.25

Financing activities generated a net inflow of ₹30.75 lakhs in FY26, primarily from additional borrowings, compared to a net outflow of ₹1.00 lakh in FY25.

Contingent Liabilities and Other Notes

The company disclosed contingent liabilities of ₹2,216.79 lakhs as at March 31, 2026 (₹2,216.69 lakhs as at March 31, 2025), representing claims not acknowledged as debts under the Income Tax Act, 1961. The management, along with its tax advisors, believes these proceedings will not have a material adverse effect on the company's financial position. The company operates solely in the infrastructure segment and does not prepare consolidated financial results for two associated partnership firms, as there were no operations in those entities during the period. Additionally, two cars with zero book value remain registered in the company's name, with insurance expenses charged to the profit and loss account.

The results were reviewed by the Audit Committee and approved by the Board of Directors. The intimation was signed by Director Vikram Chhaganlal Patel (DIN: 00166707) on May 9, 2026.

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