Radhe Developers (India) Limited Approves Financial Results for Quarter Ended June 30, 2026
Radhe Developers (India) Limited has approved its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors reviewed and authorized the statements during a meeting held on July 17, 2026.The company confirmed that these financial results were prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015, as prescribed under Section 133 of the Companies Act, 2013. The management also noted that the group's operations fall under the construction business, which is considered the sole reportable segment for the company.
In addition to the financial approval, the Board approved the Notice of the 32nd Annual General Meeting of the company.
Financial Performance Overview
The company reported its standalone unaudited results for the quarter ending June 30, 2026. The following table provides a summary of the period's figures as presented in the financial statement:| Description | Results for the Quarter Ended on June 30, 2026 |
|---|---|
| Net Profit (Loss) for the Period | 15.29 |
The Board verified that these results were reviewed by the Audit Committee prior to approval. The company further stated that consolidated financial statements are not applicable to its current reporting requirements, and figures for corresponding previous periods have been restated or regrouped where necessary to ensure comparability.
Statutory Review
The financial results were accompanied by a limited review report conducted by S Parth & Co, Chartered Accountants. The review was performed in accordance with the Standard on Review Engagement (SRE) 2410, which provides moderate assurance that the interim financial information is free from material misstatements.The statutory auditors noted that while the statement was prepared in accordance with applicable accounting standards and recognized practices, no provision was made in the quarterly results for gratuity, noting this as an observation regarding Ind AS 19.
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