Lake Shore Realty Reports Financial Results as It Transitions from Food Manufacturing to Real Estate Projects

Lake Shore Realty Reports Financial Results as It Transitions from Food Manufacturing to Real Estate Projects​

Lake Shore Realty Limited, formerly Mahaan Foods Limited, has released its 39th Annual Report alongside its audited financial statements for the fiscal year ending March 31, 2026. The results reflect a major operational transition for the company, which is now focused on real estate and infrastructure development.

The company reported Total Revenue of 131.46 in the current year compared to 135.80 in the previous fiscal year (FY 2024-25). The Net Profit/(Loss) for FY 2025-26 was recorded at 16.41, down from 72.85 in FY 2024-25.

Financial Highlights and Performance​

The audited financial statements provide a detailed look into the company’s performance across key metrics:

Business Transformation and Strategy​

The company has undergone a significant transformation in its core business activities. Previously, it was primarily engaged in manufacturing dairy products and pharma nutritional products. Following approval by members via a Special Resolution on January 17, 2025, the company diversified into the operation and development of projects related to real estate, infrastructure, hospitality, education, healthcare, and industrial warehousing.

The management stated that its vision is to lead in large-scale project development across various sectors, including real estate, infrastructure, hospitality, education, healthcare, and industrial warehousing. The strategic priorities include increasing involvement in high-impact projects nationally and internationally, providing integrated solutions from planning to marketing, and exploring growth opportunities beyond domestic borders.

Corporate Structure and Capital Details​

Lake Shore Realty Limited maintains an authorized equity share capital of Rs 20,00,00,000, divided into 2,00,00,000 Equity Shares of Rs 10/- each. As of March 31, 2026, the company had issued and subscribed a total of 35,00,700 Equity Shares, all fully paid up at Rs 10/- per share. The company confirmed that there were no changes in its paid-up capital during the year under review.

The company reported that it holds no subsidiaries, joint ventures, or associate companies.

Leadership and Governance Updates​

The Board of Directors is composed of four members: Ms. Bhairavi Chandrakant Goswami (Managing Director), Mr. Chandan Hiralal Prajapati, Mr. Vijay Kumar, and Mrs. Ruchi Ghanashyam.

During the financial year, several changes in leadership were noted:

• Appointments: Ms. Bhairavi Chandrakant Goswami was appointed as an Additional Director and Managing Director of the company. Mr. Chandan Hiralal Prajapati was appointed as a Non-Executive Non-Independent Director. Mr. Vijay Kumar and Mrs. Ruchi Ghanashyam were also appointed as Independent Directors.
• Cessations: Five directors, including Mrs. Saloni Goyal, Mrs. Manisha Goyal, Mr. Sanjeev Goyal, Mr. Dharmesh Bhutani, and Mr. Achal Kumar Khaneja, ceased to hold director positions effective from August 4, 2025, due to changes in management.
• Key Managerial Personnel (KMP): Mr. Himanshu Dineshkumar Joshi was appointed as Chief Financial Officer (CFO), and Mr. Ankit Dinesh Singh was appointed as Company Secretary & Compliance Officer. The company also reported the resignation of Mr. Ankit Agarwal from the position of Company Secretary & Compliance Officer, effective August 13, 2025.

The company also confirmed that it has adopted a Whistle Blower Policy and possesses mechanisms for fair disclosure of unpublished price sensitive information.

Financial Controls and Statutory Information​

The company maintains an adequate internal financial control system, with the Internal Audit covering various operational matters to ensure compliance. The Board confirmed its commitment to ensuring proper systems are in place for regulatory compliance. The company also reported that it has not accepted any deposits from the public during the year.

Stock Price Movement​

As of 14:17, Lake Shore Realty Ltd. is maintaining its price at ₹62.05, seeing no change in shares today. The stock traded within an intraday range, moving between a low of ₹62.05 and a high of ₹63.49.