E & E Enterprises Reports FY2025-26 Results as Company Shifts Focus to Real Estate; Announces 85th Annual General Meeting

E & E Enterprises Reports FY2025-26 Results as Company Shifts Focus to Real Estate; Announces 85th Annual General Meeting​

E & E Enterprises Limited, formerly known as The Swastik Safe Deposit and Investments Limited, has released its Annual Report for the financial year ending March 31, 2026. The report details the company's transition from its previous activities to a focus on real estate development and property management.

The Directors have recommended a final dividend of Re. 1/- per equity share (representing 10% of the face value) for shareholders eligible as of the record date, which is set for August 11, 2026. The 85th Annual General Meeting (AGM) is scheduled to take place on Tuesday, August 18, 2026, at 11:00 a.m. at its Mumbai office.

Financial Performance and Corporate Transition​

The company demonstrated financial growth during the period. Net profit for FY 2025-26 reached Rs. 17.33 Lakhs, compared to Rs. 11.81 Lakhs in the previous year. The total income stood at Rs. 54.49 Lacs for FY 2026, down from Rs. 94.62 Lacs in FY 2025.

The company's net worth as of March 31, 2026, was Rs. 64318.31 Lakhs, representing a marginal increase of 0.02%. The financial statements were prepared according to Indian Accounting Standards (Ind AS).

Key financial metrics from the previous year and current year are presented in the table below:

Business Focus and Strategic Outlook​

The company confirmed the voluntary surrender of its Certificate of Registration (CoR) as a Non-Banking Financial Company (NBFC) to the Reserve Bank of India (RBI), which cancelled the CoR on July 24, 2025. Consequently, the company has amended its Memorandum of Association and Articles of Association to reflect its new principal business objectives.

The company's current core business is focused on real estate activities, including acquiring, undertaking, promoting, managing, owning, or leasing hotels, restaurants, cafés, and residential properties. It also engages in purchasing, selling, or dealing with movable or immovable properties for development, investment, leasing, or resale.

Management views the long-term outlook for the Indian real estate sector as positive, supported by urbanization and infrastructure spending. Identified opportunities include growing demand for premium housing and redevelopment prospects. Risks monitored by the company encompass economic slowdown, rising interest rates, and construction material inflation.

Governance and Board Matters​

The AGM agenda includes routine matters such as adopting the Audited Financial Statements and considering the appointment of Statutory Auditors, M/s K. K. Birla & Co., Chartered Accountants, for a term of five consecutive years until 2031. The company is also seeking approval for the authority to make loans and investments up to Rs. 700 Crores over and above existing limits.

In matters of governance:

• Director Reappointment: A resolution has been put forth to re-appoint Mr. Snehal Parikh (DIN: 00467965) as a Non-Executive Independent Director for a second term of five years, effective from December 30, 2026.
• Director Retirement: Mr. Sunil Adukia (DIN: 00020049), who has been with the company since 2013, retires by rotation and is eligible for re-appointment.

The board also established a Vigil Mechanism/Whistle Blower Policy to facilitate secure reporting of concerns regarding unethical behavior or fraud. The company maintained that it had zero complaints pending from investors at the end of FY 2025-26, successfully resolving two received during the year.

Stock Price Movement​

E & E Enterprises Ltd shares settled at ₹23.33 on Thursday, ticking up 5.00% as of market close. The stock was locked completely flat through the day, registering the same price point for its high and low.