Swati Projects Ltd

Dematerialisation processing

• Dematerialisation requests were processed; securities listed on exchanges.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification.
• Depository name substituted as registered owner in the records.

AGM details

• AGM held on 30 September 2026 via VC/OAVM, 1:00 PM to 1:18 PM IST.
• Remote e-voting facility used; proceedings conducted as per regulatory framework.

Ordinary business

• Adoption of consolidated and standalone financial statements for year ended 31 March 2026.
• Appointment of M/S Himanshu Mohta & Associates as statutory auditors until the 46th AGM.

Special business

• Regularization of ShreeGopal Daga as non-executive director beyond age 75.

Voting results / disclosures

• Voting results to be communicated to stock exchanges within 2 working days of the AGM.

Swati Projects Limited: Trading window closed from October 1, 2026 till 48 hours after the announcement of the unaudited financial results of the company for the quarter and half year ended September 30, 2026.

Financial performance

• Standalone revenue from operations: Rs 10,815,054 for year ended 31 Mar 2026.
• Standalone total income: Rs 11,147,181.
• Standalone profit after tax: Rs 5,804,608.
• Consolidated total income: Rs 342,204,419.
• Consolidated profit after tax: Rs 77,814,277.
• Dividend for the year has not been declared.
• Indebtedness stands nil as at year-end.
• Paid-up capital as at 31 Mar 2026: Rs 10.10 crore.

Subsidiaries & operations

• Subsidiaries: Radhashree Roadsters Pvt Ltd (100%); Radhashree Apartments Pvt Ltd (76%).
• Roadsters revenue: Rs 1,82,577; PAT: Rs 2,52,582.
• Apartments revenue: Rs 32,08,96,380; PAT around Rs 7.78 Lakhs.
• Consolidated results include these subsidiaries' performance.

Governance & board

• Board meetings held: seven during the year.
• Regularization of ShreeGopal Daga as Non-Executive Director post age 75.
• Ravi Todi appointed as CEO; ShreeGopal Daga ceased MD role in Feb 2026.
• Papia Naskar appointed Company Secretary on 14 Feb 2026.
• ShreeGopal Daga remains as Non-Executive Promoter Director.
• Statutory auditors: M/s Modi & Associates; internal auditor appointed Ashok Kumar Natwarlal & Co.
• Secretarial auditor: Shruti Agarwal.

Audit, internal controls & risk

• Internal financial controls found adequate and effective as of 31 Mar 2026.
• Secretarial audit completed; Annexure includes details.
• No material weaknesses observed; no fraud reported.
• ERM framework with risk indicators; emphasis on cyber security.

Capital structure & liquidity

• Paid-up capital Rs 10.10 crore at year-end.
• Indebtedness NIL; no deposits accepted.

Dividend & capital allocation

• No dividend declared for the year.
• No reserves transferred due to year losses; RBI NBFC compliance maintained.

Regulatory & compliance

• Listed on BSE, CSE and MSEI; 2025-26 listing fees paid.
• NBFC registration with RBI intact; no regulator-imposed going-concern issues.
• CSR not applicable for the year.

Purpose and deviation status

• There is no deviation or variation in IPO proceeds.

Fund-raising mode

• Mode: IPO; proceeds used as per prospectus.

Utilisation status

• Utilisation aligned with use-of-proceeds; no deviation reported.

Regulatory notes

• Non-applicability of Regulations 52(4)-(7) due to no debentures issued.

Financial results

• Unaudited standalone and consolidated results approved for quarter ended 30 June 2026.
• Results accompanied by Auditor's Limited Review Reports.

Deviation statement

• No deviation or variation in IPO proceeds; deviation statement not applicable.

Regulatory non-applicability

• Regulations 52(4), 52(5), 52(7) not applicable as no debentures issued.

Auditor remarks

• Independent auditor's review by M Modi & Associates found no material misstatement.

Meeting Details

• Board meeting on 12 August 2026 at 4:30 PM at the registered office.

Key Agenda Items

• Approve unaudited standalone results for quarter ended 30 June 2026 with limited review report.
• Approve unaudited consolidated results for quarter ended 30 June 2026 with limited review report.

Other Notes

• Trading window closed for designated persons from 1 July 2026; reopens 48 hours after results declaration.

Dematerialisation status

• Dematerialisation requests processed; accepted/rejected by depositories; securities listed on exchanges.
• Security certificates for dematerialisation mutilated and cancelled after verification; depository named as registered owner.
• Depository's name substituted as registered owner in the register of members.