Shriram Properties Ltd

Shriram Properties Limited (SPL) reported its unaudited financial results for Q1FY27, with total revenues reaching ₹271 crore, a 4% year-on-year increase. Pre-tax profits were ₹18.1 crore, marginally higher than the previous year. The company achieved strong operational performance with quarterly sales of ₹484 crore, up 10% YoY, driven by successful new launches in Chennai and Kolkata. Gross customer collections grew 8% YoY to ₹365 crore. SPL handed over 690+ units and added a new project with an estimated GDV of ₹650 crore to its development pipeline. The company maintained a comfortable cash balance of ₹219 crore and a net debt of ₹432 crore, with a net debt-to-equity ratio of 0.3x. The outlook remains positive, supported by a strong launch pipeline for H2FY27.

Shriram Properties Ltd announced the outcome of its Board Meeting held on August 12, 2026. The Board approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. The company also announced the convening of its 5th Annual General Meeting (AGM) post IPO, which will be held through video conferencing/other audio-visual means. The Annual Report and Notice of AGM will be shared with stakeholders in due course. The auditors, Walker Chandiok & Co LLP, issued an unmodified review report, noting an Emphasis of Matter regarding a search operation by the Enforcement Directorate in October 2024, for which no findings have been communicated to the company yet.

Shriram Properties Ltd announced the outcome of its Board Meeting held on August 12, 2026. The board approved the unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2026. Additionally, the company resolved to convene its 5% Annual General Meeting (AGM) post-IPO through video conferencing, in compliance with MCA and SEBI circulars. The Annual Report and AGM notice will be shared with stakeholders in due course. The company's auditors, Walker Chandiok & Co LLP, issued a limited review report on the financial results, noting an emphasis of matter regarding an Enforcement Directorate search in October 2024, with no findings communicated to the company as of the reporting date.

Shriram Properties Ltd has announced that its Board of Directors will convene on August 12, 2026. The primary agenda for this meeting is to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter that concluded on June 30, 2026. This announcement is in compliance with SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The company had previously informed about the closure of the trading window on June 30, 2026.

Shriram Properties Limited announced the appointment of M/s. Abarna & Ananthan, Chartered Accountants, as the new Statutory Auditors. This decision was approved by the Board of Directors following recommendations from the Audit Committee during a meeting held on July 23, 2026. The new auditors will replace M/s Walker Chandiok & Co LLP, who completed their tenure. The appointment is for a term of five consecutive years, commencing from the conclusion of the 5th Annual General Meeting (AGM) post-IPO until the conclusion of the 10th AGM, subject to shareholder approval. M/s. Abarna & Ananthan, established in 1987, have expertise in assurance, tax consultancy, and significant experience with real estate and listed companies.

Shriram Properties Ltd announced the appointment of M/s. Abarna & Ananthan, Chartered Accountants, as its new Statutory Auditors. This decision was made by the Board of Directors based on the recommendation of the Audit Committee during a meeting held on July 23, 2026. The new auditors will replace M/s Walker Chandiok & Co LLP, who have completed their maximum allowed tenure. M/s. Abarna & Ananthan will serve for a term of five consecutive years, commencing from the conclusion of the 5th Annual General Meeting (AGM) post-IPO until the conclusion of the 10th AGM post-IPO, subject to shareholder approval. The firm, established in 1987, has extensive experience in assurance and tax consultancy, particularly within the real estate sector and for listed companies.

Shriram Group Executives Welfare Trust, a promoter of Shriram Properties Limited, has disposed of 4,03,402 shares of Shriram Properties Holdings Private Limited, the promoter of the target company. This disposal was an inter-se transfer between promoter and promoter group entities, conducted pursuant to SEBI approval. Following the transaction, the Trust's indirect holding in Shriram Properties Limited has reduced, with its direct holding remaining at 2,40,500 shares (0.14%). The disposal involved equity shares of Shriram Properties Holdings Private Limited, with a face value of Rs. 10 each. The transaction date was July 7, 2026.

Murali Malayappan, Promoter of Shriram Properties Limited, has acquired 4,03,402 shares, representing 5.91% of the total share capital, indirectly through an inter-se transfer within the Promoter Group. This acquisition was made from Shriram Group Executives Welfare Trust and is in compliance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Following the acquisition, Malayappan's total indirect holding in Shriram Properties Limited increased to 25.20%. The transaction involved equity shares of Shriram Properties Holdings Private Limited.

Shriram Properties Ltd has announced the closure of its trading window for designated persons and their immediate relatives. The window will be closed from Wednesday, July 1, 2026, until 48 hours after the declaration of the Unaudited Financial Results for the quarter ended June 30, 2026. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. All relevant personnel have been informed not to trade in the company's securities during this period. The date of the board meeting to consider these results will be announced later. The information is also available on the company's website.

Shriram Properties Limited (SPL) has signed a Joint Development Agreement (JDA) for a 9.1-acre land parcel in Doddagubbi, North-East Bengaluru. The project will have a development potential of approximately 6.7 lakh sqft with an estimated Gross Development Value (GDV) of over ₹600 crores. This strategic location offers excellent connectivity and is expected to be launched within the current financial year. The development aligns with SPL's strategy of expanding through asset-light models in high-potential micro-markets, further strengthening its presence in Bengaluru.