Prime Property Development Corporation Ltd. has announced its Unaudited Financial Results for the Quarter ended June 30, 2026. The Board also approved the re-appointment of Mr. Manish P. Soni and Mr. Vishal P. Soni as Whole-Time Directors for five-year terms starting August 1, 2026, with specified remuneration packages. Limited review reports for the standalone and consolidated results were also approved.
Unaudited Financial Results for Q1 FY27 Approved
Prime Property Development Corporation Ltd. has announced the outcome of its Board Meeting held on August 14, 2026. The Board of Directors approved the Unaudited Financial Results, both standalone and consolidated, for the quarter ended June 30, 2026. Alongside the financial outcomes, the company also approved the Limited Review Report for the same period.
Key Director Reappointments and Remuneration
The Board further considered and approved the re-appointment of two key Whole-Time Directors:
- Mr. Manish P. Soni (DIN 00006485) has been re-appointed as Whole-Time Director for a period of five years, effective from August 1, 2026, to July 31, 2031. His remuneration for the first three years (August 1, 2026, to July 31, 2029) is set at ₹3,00,000/- per month, subject to shareholder approval.
- Mr. Vishal P. Soni (DIN 00006497) has also been re-appointed as Whole-Time Director for a five-year term, from August 1, 2026, to July 31, 2031. His remuneration for the initial three years (August 1, 2026, to July 31, 2029) will be ₹3,00,000/- per month, pending shareholder approval.
Other Board Approvals
In addition to the financial results and director appointments, the Board approved the notice of the 34th Annual General Meeting (AGM), the Directors’ Report, Corporate Governance Report, and the Management and Discussion Analysis Report. The Book Closure Dates and Record Date for the 34th AGM were also approved, along with the provision of E-Voting Facility. Mr. Suhas Ganpule of M/s SG and Associates was appointed as the Scrutinizer for the AGM.
Financial Highlights (Unaudited, Q1 FY27)
The unaudited financial statements show a Net Loss of ₹259.57 Lakhs for the standalone operations for the quarter ended June 30, 2026. Total Comprehensive Income for the period stood at ₹58.94 Lakhs. Consolidated results for the same period indicate a Net Loss of ₹465.80 Lakhs, with Total Comprehensive Income at ₹2,276.89 Lakhs.
Source: BSE
