Citadel Realty and Developers Ltd Announces FY2026 Results, Recommends Dividend; Clarifies Initial Filing Discrepancy

Citadel Realty and Developers Ltd Announces FY2026 Results, Recommends Dividend; Clarifies Initial Filing Discrepancy​

Citadel Realty and Developers Limited has announced its audited financial results for the fiscal year ending March 31, 2026. The company's Board of Directors reviewed and approved the consolidated and standalone financial performance, recommending a final dividend to its shareholders.

The Board meeting, held on May 27, 2026, considered and approved the Audited Financial Results (Standalone and Consolidated) for the financial year ended March 31, 2026, noting that the Statutory Auditors issued an unmodified opinion on the results.

Dividend Recommendation and Governance Updates​

The Board recommended a Final Dividend of Re. 0.50 per Equity Share for the financial year ending March 31, 2026, subject to approval by the Members at the ensuing Annual General Meeting. When combined with the Interim Dividend of Re. 0.50 per Equity Share declared previously, the total dividend for the fiscal year is set at Re. 1.00 per Equity Share (based on a face value of ₹10 each).

In operational and governance updates, the Board approved the re-appointment of Mr. Ashish Mehta as Internal Auditor for the financial year 2026-27. Mr. Mehta, who is a Chartered Accountant, brings experience in Defining Business Processes, Implementation & Process Digitalization, Internal Controls, Cost Control and Reduction, and Fraud Prevention.

Financial Performance Snapshot​

The consolidated results showed Total Income of 393.01 lakh in the year ended March 31, 2026, compared to 354.29 lakh in the previous audited year (March 31, 2025). Net Profit for the period stood at 150.07 lakh.

Key figures from the Audited Consolidated Financial Results are provided below:


The company's consolidated balance sheet as of March 31, 2026, showed Total Assets at 4,154.32 lakh. Equity and Liabilities totaled 4,154.32 lakh.

Rectification of Initial Filing Documents​

Later, on June 13, 2026, the company issued a clarification regarding its initial filing submissions concerning the financial results for the quarter and year ended March 31, 2026. The company confirmed that it had inadvertently uploaded the Standalone and Consolidated Limited Review Reports instead of the respective Auditors' Reports in the initial submission due to a compiling error.

Upon identifying this discrepancy, Citadel Realty and Developers Ltd rectified the issue and submitted the correct Standalone and Consolidated Auditors' Reports along with the Financial Results for the year ended March 31, 2026. The company clarified that the financial results approved by the Board of Directors remain unchanged; the rectification pertains solely to the replacement of the incorrectly uploaded Limited Review Reports with the appropriate Auditors' Reports.

Operational and Financial Status​

The company’s standalone financial performance as reported for the year ended March 31, 2026 showed Total Income of 393.01 lakh and Net Profit for the period of 150.07 lakh.

Assets and Liabilities summary (in lakhs) for the Standalone entity as at March 31, 2026:


The company’s Cash Flow from Operating Activities for the year ended March 31, 2026, was 130.07 lakh. The company also reported a Net Increase/(Decrease) in Cash and Cash Equivalents of (2.70) lakh, with a closing balance of 0.42 lakh.

Stock Price Movement​

Citadel Realty and Developers Ltd. shares settled at ₹37.54 on Friday, ticking up 0.11% in the market close. The stock traded within an intraday band, reaching a high of ₹38.00 and dipping as low as ₹37.25.