Integrated Filing — IndAS



General information about company

Scrip Code 533218
NSE Symbol EMAMIREAL
MSEI Symbol NOTLISTED
ISIN INE778K01012
Name of company EMAMI REALTY LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 27-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 20-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Real Estate Development
Start date and time of board meeting 27-05-2026   11:45:00
End date and time of board meeting 27-05-2026   14:00:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 7,308.91 9,315.63
Other income 393.09 2,768.31
Total income 7,702.00 12,083.94
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 5.18 2,255.57
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (8,527.11) (26,736.02)
(d) Employee benefit expense 699.80 2,409.02
(e) Finance costs 2,463.57 9,700.36
(f) Depreciation, depletion and amortisation expense 57.38 158.87
(f) Other Expenses
1 Project Expenses 17,144.80 34,556.38
2 Other Expenses 3,537.74 11,513.96
Total other expenses 20,682.54 46,070.34
Total expenses 15,381.36 33,858.14
3 Total profit before exceptional items and tax (7,679.36) (21,774.20)
4 Exceptional items 0.00 0.00
5 Total profit before tax (7,679.36) (21,774.20)
6 Tax expense
7 Current tax 0.10 0.14
8 Deferred tax (1,090.30) (2,818.23)
9 Total tax expenses (1,090.20) (2,818.09)
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations (6,589.16) (18,956.11)
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 4.30 9.04
16 Total profit (loss) for period (6,584.86) (18,947.07)
17 Other comprehensive income net of taxes (17.79) (17.79)
18 Total Comprehensive Income for the period (6,602.65) (18,964.86)
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent (6,584.86) (18,947.07)
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent (6,602.65) (18,964.86)
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 876.68 876.68
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve (25,681.03)
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -15.02 -43.47
Diluted earnings (loss) per share from continuing operations -15.02 -43.47
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -15.02 -43.47
Diluted earnings (loss) per share from continuing and discontinued operations -15.02 -43.47
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) a The above Standalone and Consolidated Financial Results of the Company for the Quarter and Year ended 31st March 2026 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on 27th May 2026. b The figures for the quarter ended 31st March 2026 are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the respective financial year. c On 16th April 2025 the Company had allotted 5990000 equity shares and 8200000 warrants each convertible into one fully paid up equity share of the Company on preferential basis to the Promoter group entities of the Company, at a price of Rs128.50 each by way of conversion of Unsecured Loan. Thereafter on 8th April 2026 the Company has allotted 82,00,000 equity shares of face value Rs 2 each at a premium of Rs 126.50 by conversion of the said 8200000 warrants. Consequent upon such allotment the issued subscribed and paid up equity share capital of the Company stands at Rs 1040.68 Lakhs divided into 52033889 equity shares of Rs 2 each. d Convertible Warrants issued during the year are anti dilutive in nature for the company hence Basic and Diluted EPS are same e During the Quarter and year ended 31st March 2026 the Company has made an assessment of its realisable value of Loans Given. Based on such assessments an amount of Rs 32.54 crores and Rs 105.00 crores respectively has been provided as impairment loss under Other Expenses in the Financial Results. f On November 21 2025 the Government of India notified provisions of the Code on Wages 2019 the Industrial Relations Code 2020 the Code on Social Security 2020 and the Occupational Safety Health and Working Conditions Code 2020 Labour Codes which consolidate twenty-nine existing labour laws into a unified framework governing employee benefits during employment and post-employment. The Labour Codes, amongst other things introduces changes including a uniform definition of wages and enhanced benefits relating to leave. The Company has assessed the financial implications of these changes which has resulted in increase in gratuity liability by Rs 22.09 Lakhs arising out of past service cost and increase in leave liability by Rs 12.70 Lakhs. The Company continues to monitor the developments pertaining to Labour Codes and will evaluate impact if any on the measurement of liability pertaining to employee benefits. g The Company operates in a single business segment i.e. Real Estate Development. h These Financial Results are available on the Companys website at www.emamirealty.com. i Figures of the previous periods have been regrouped or recasted wherever necessary.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 251.78
Capital work-in-progress 0.00
Investment property 472.15
Goodwill 2,516.63
Other intangible assets 68.53
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 10,909.54
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Other Financial Assets 125.21
Total of other non-current financial assets 125.21
Total non-current financial assets 11,034.75
Deferred tax assets (net) 12,760.16
Other non-current assets
1 Other Non-Current Assets 108.50
Total of other non-current assets 108.50
Total non-current assets 27,212.50
2 Current assets
Inventories 1,28,015.68
Current financial asset
Current investments 4,339.38
Trade receivables, current 684.08
Cash and cash equivalents 981.05
Bank balance other than cash and cash equivalents 360.98
Loans, current 8,701.03
Other current financial assets
Total of other current financial assets 45,222.69
Total current financial assets 60,289.21
Current tax assets (net) 698.98
Other current assets
1 Other current assets 13,954.79
Total of other current assets 13,954.79
Total current assets 2,02,958.66
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 2,30,171.16
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 876.68
Other equity (25,681.03)
Total equity attributable to owners of parent (24,804.35)
Non controlling interest 0.00
Total equity (24,804.35)
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 76,634.65
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Lease Liabilities 13.91
Total of other non-current financial liabilities 13.91
Total non-current financial liabilities 76,648.56
Provisions, non-current 350.03
Deferred tax liabilities (net) 0.00
Deferred government grants, Non-current 0.00
Other non-current liabilities
1 Other non-current liabilities 3,710.44
Total of other non-current liabilities 3,710.44
Total non-current liabilities 80,709.03
Current liabilities
Current financial liabilities
Borrowings, current 1,23,513.85
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 143.18
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 383.15
Total Trade payable 526.33
Other current financial liabilities
1 Lease Liabilities 64.78
2 Other Financial Liabilities 9,647.18
Total of other current financial liabilities 9,711.96
Total current financial liabilities 1,33,752.14
Other current liabilities 40,482.61
1 Other current liabilities 40,482.61
Total of other current liabilities 40,482.61
Provisions, current 31.73
Current tax liabilities (Net) 0.00
Deferred government grants, Current 0.00
Total current liabilities 1,74,266.48
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 2,54,975.51
Total equity and liabilites 2,30,171.16
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurements gains/(loss) on the defined benefit plan (23.77) (23.77)
Total Amount of items that will not be reclassified to profit and loss (23.77) (23.77)
2 Income tax relating to items that will not be reclassified to profit or loss (5.98) (5.98)
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income (17.79) (17.79)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax (21,774.20)
Adjustments for reconcile profit (loss)
Adjustments for finance costs 9,700.36
Adjustments for decrease (increase) in inventories (26,736.02)
Adjustments for decrease (increase) in trade receivables, current 0.00
Adjustments for decrease (increase) in trade receivables, non-current 281.79
Adjustments for decrease (increase) in other current assets 512.66
Adjustments for decrease (increase) in other non-current assets (2.24)
Adjustments for other financial assets, non-current 443.83
Adjustments for other financial assets, current (2,362.59)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 0.00
Adjustments for increase (decrease) in trade payables, non-current 201.36
Adjustments for increase (decrease) in other current liabilities 9,417.24
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 158.87
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 11.64
Adjustments for provisions, non-current 79.87
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 1,916.27
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 1,871.74
Adjustments for interest income 0.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) (9.76)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow (87.76)
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 10,705.19
Share of profit and loss from partnership firm or association of persons or limited liability partnerships (143.02)
Total adjustments for reconcile profit (loss) 2,215.95
Net cash flows from (used in) operations (19,558.25)
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 0.14
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities (19,558.39)
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 111.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.89
Purchase of property, plant and equipment 205.09
Proceeds from sales of investment property 334.49
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 9,863.17
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 1,871.74
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (2,201.99)
Net cash flows from (used in) investing activities 9,552.21
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 10,331.40
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 9,746.71
Repayments of borrowings 0.00
Payments of lease liabilities 53.79
Dividends paid 0.00
Interest paid 9,700.36
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities 10,323.96
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 317.78
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 317.78
Cash and cash equivalents cash flow statement at beginning of period 663.27
Cash and cash equivalents cash flow statement at end of period 981.05





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Agrawal Tondon & Co. Yes 30-04-2027