Real Growth Corporation Ltd — Others, 08-07-2025: Others

Real Growth Corporation Limited has announced a board meeting on the financial results for the quarter and half-year. For FY 2024-25, the company reported a significant revenue jump to Rs. 860.86 Lakh from Rs. 108.92 Lakh and posted a profit of Rs. 727.64 Lakh compared to a loss of Rs. 112.70 Lakh the prior year. This turnaround is largely due to the full settlement of Punjab National Bank’s dues under a One-Time Settlement. No dividend was declared. The equity paid-up share capital stands at Rs. 4 Cr with a net worth of Rs. 11.45 Cr. Trading in company shares resumed post a suspension lifted in mid-2024. There were no changes in business nature or capital structure during the year. Key management personnel changes include appointment of Sahil Agarwal as Company Secretary. The company maintained compliance with applicable laws and faced penalties related to delayed AGM filings, which are under appeal but have been provisionally paid. Related party transactions were conducted on arm’s length basis and reviewed by the Audit Committee. The company operates primarily in the sale of commercial units and construction-related materials, with real estate contributing the major revenue. No revenue was generated from the trading segment during FY 24-25 due to market conditions. Internal controls and audit processes are reported adequate and effective, with no reported fraud or whistleblower complaints. Tax liabilities include disputed income tax and GST demands, with details disclosed. The company continues its focus on operational strengthening and profitability enhancement.