Shaival Reality Limited — Others, 25-06-2025: Shareholders meeting

Shaival Reality Limited has announced a board meeting on 25th July, 2025 to consider and approve the financial results for the quarter and half-year. The company reported a significant decline in revenue and profit for FY 2024-25, with standalone total revenue at Rs. 1.20 Cr compared to Rs. 4.28 Cr the previous year, and net profit after tax of Rs. 0.20 Cr versus Rs. 2.52 Cr last year. Consolidated figures show total revenue at Rs. 1.49 Cr and net profit of Rs. 0.20 Cr, also down sharply from prior year. Changes in the board include appointment of Mrs. Rinkal Maulik Jasani as Independent Director and re-appointment of Managing Director Mr. Mayur M Desai. A related party sale of land valued at Rs. 1.10 Cr to Niche Realty Pvt Ltd. is planned. The company continues investments in joint ventures while divesting some stakes. No dividend is proposed. The statutory auditor gave an unqualified opinion on the financials, and secretarial audit reported compliance with regulatory requirements, though noting prior fines and advisory letters which the company has addressed. Internal controls were found adequate and effective. The firm faces industry risks including regulatory hurdles and market conditions but remains optimistic on growth with strengths in management and operational focus.