SESuraj Estate Developers544054Routine director change

Satyendra Shridhar Nayak re-appointed Independent Director for five years, subject to shareholder approval

Board approved the re-appointment of Mr. Satyendra Shridhar Nayak as Independent Director for a further 5 years (Dec 03, 2026 to Dec 02, 2031), on NRC recommendation; subject to shareholders' approval.

By ScoutQuest · Sat 31 Oct 2026, 7:42 PM IST · 2 min read

Independent Director Re-appointment

Satyendra Shridhar Nayak; further 5 years from Dec 03, 2026 to Dec 02, 2031

Approval Condition

on NRC recommendation; subject to shareholders' approval

Q2/H1 FY27 Results

unaudited results with an unmodified limited review opinion

What the board approved

• Mr. Satyendra Shridhar Nayak (DIN 08194706) has been re-appointed as an Independent Director of the company for a further period of five years, with effect from December 03, 2026 to December 02, 2031.
• The re-appointment was approved on the recommendation of the Nomination and Remuneration Committee and is subject to shareholders' approval.
• The board also approved the unaudited financial results (standalone and consolidated) for the quarter and half year ended September 30, 2026, along with the limited review report of M/s SKLR & Co. LLP, Chartered Accountants (FRN: W100362), which carries an unmodified opinion.
• The board meeting was held on October 31, 2026, from 03:00 p.m. to 04:00 p.m. (IST).

What an independent director re-appointment means

• An independent director is a board member with no executive role in the company, positioned to bring outside oversight to board decisions.
• A further five-year term means continuity on the board. Because the appointment is for a fixed term, shareholders will vote on it before it takes effect.

The quarter in numbers (consolidated, amount in Lakhs)

• Revenue from operations: 17,004.41 in the September 2026 quarter, against 14,456.30 in the September 2025 quarter.
• Profit for the period: 2,306.99, against 3,309.55 a year earlier.
• Basic earnings per share: 4.98, against 7.15.
• Total comprehensive income: 2,307.52, against 3,310.65.

The half year in numbers (consolidated, amount in Lakhs)

• Revenue from operations: 31,475.66, against 27,703.18 a year earlier.
• Profit for the period: 4,592.07, against 5,437.66.

Standalone picture (amount in Lakhs)

• September 2026 quarter revenue from operations: 6,902.62, against 14,108.40 a year earlier.
• September 2026 quarter profit: 1,907.47, against 3,610.14.
• Half year revenue from operations: 15,540.95; profit for the half year: 3,998.36.

Balance sheet (consolidated, amount in Lakhs)

• Total assets: 2,28,276.52 as at September 30, 2026, against 1,96,130.00 as at March 31, 2026.
• Non-current borrowings: 69,686.89 as at September 30, 2026, against 53,198.08 as at March 31, 2026.
• Paid-up equity share capital: 2,313.70, unchanged between the two dates.

How the consolidated numbers were reviewed

• The auditor states that the interim financial information of 5 subsidiaries and 3 partnership firms was reviewed by other auditors. Those entities reflect total assets of 84,665.12 lakhs, total revenue of 11,088.94 lakhs for the quarter and 17,413.79 lakhs for the half year, and net profit after tax of 562.08 lakhs and 1,128.62 lakhs respectively.
• The auditor's conclusion is not modified in respect of reliance on those other auditors' reports.

What follows

• The re-appointment is subject to shareholders' approval, so it will be placed before shareholders for a vote.
• The notes state that the Group operates in real estate and allied activities as a single operating segment, with no operations outside India.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev