Narendra Properties Ltd Announces Board Approvals, Independent Director Re-appointment, and Releases Q2 Unaudited Results

Narendra Properties Ltd Announces Board Approvals, Independent Director Re-appointment, and Releases Q2 Unaudited Results​

Narendra Properties Limited held a meeting of its Board of Directors on Tuesday, August 11, 2026. The board considered several matters, including approving the unaudited financial results for the quarter ended June 30, 2026, along with key appointments and authorizations, as detailed in the company's announcements.

The meeting approved the Unaudited Financial Results for the quarter ending June 30, 2026. These results were reviewed by Statutory Auditors M/s SANJIV SHAH & ASSOCIATES LLP and are included in the records.

Corporate Governance and Appointments​

The Board took several significant steps regarding its governance structure and operational authority:

• Director Re-appointment: Mr. Nishank Sakariya, who is liable to retire by rotation and found eligible, was re-appointed for a subsequent term. The board also recommended his remuneration payment for approval by shareholders.
• Independent Directorship: Ms. Kavita Patel (DIN: 09433199) was re-appointed as an Independent Director for a second term of five years, effective from December 27, 2026, to December 26, 2031.
• Consultancy Fees: The Board approved the payment of consultancy fees to Mr. Narendra C Maher and Mr. Narendra Sakariya, who are both Promoters.
• Investment Authorization: Authority was granted to make investments, loans, and guarantees beyond the limits prescribed under the Companies Act, 2013, up to a sum of Rs. 50 Crores, which was recommended for shareholder approval.

Financial Performance Snapshot​

The company’s standalone unaudited financial results for the quarter ended June 30, 2026, along with corresponding figures for the previous two quarters and the audited year ending March 31, 2026, were approved by the Board of Directors. These results have also been subjected to a limited review by statutory auditors.

Key financial highlights, presented in Rs. Lakhs, are provided below:

Standalone Unaudited Financial Results (Q2 FY26)


The company’s paid-up equity share capital stands at 710.64 in all presented periods. Basic and Diluted Earnings Per Share for the quarter ended June 30, 2026 were recorded at 1.25.

General Meeting Details​

The Board also announced that the 31st Annual General Meeting (AGM) will be held on Tuesday, September 29, 2026. M/s, Sneha Jain & Associates has been appointed as the Scrutinizers for the Electronic Voting related to the 31st AGM.

Stock Price Movement​

As of 12:09, shares of Narendra Properties Ltd are ticking up after reaching ₹40.39, which represents a strong gain of 3.83%. The stock has traded intraday within the range defined by a low of ₹38.71 and an observed high of ₹41.99.