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Real Growth Corporation LtdBoard Meeting, 26-05-2025: Board Meeting

26-05-2025 | 04:47 pm

Real Growth Corporation Limited has announced a board meeting to approve the financial results for the quarter and half-year ended March 31, 2025. The board approved the audited financials showing total income of Rs. 860.86 lakhs and a net profit of Rs. 727.64 lakhs. Segment-wise, trading and real estate contributed Rs. 702.46 lakhs and Rs. 108.92 lakhs respectively. The company appointed Mr. Chandan Kumar as Internal Auditor for FY 2025-26. The statutory auditor, M/s AD Gupta & Associates, issued an unmodified opinion with certain disclaimers that do not impact financials. The company’s balance sheet reflects equity share capital of Rs. 400 lakhs and preference share capital of Rs. 1412.84 lakhs. Key liabilities include borrowings of Rs. 2490.09 lakhs and trade payables of Rs. 395.56 lakhs. Related party transactions mainly involve Rajesh Projects (India) Pvt. Ltd. The company continues to manage sizable contingencies related to tax disputes but confirms no material impact on operations. Internal financial controls were audited and found effective. This update signals operational stability, a profitable quarter, and strengthened internal controls relevant to shareholders.

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