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Pansari Developers Limited Interim / Quarterly Report 2025
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Interim / Quarterly Report
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www.purtirealty.com
Date: 14th February, 2026
T0
Listing Compliance Department, The National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E) Mumbai - 400 051
Symbol: PANSARI
Dear Sir/Madam,
Sub: Outcome of Board Meeting and Submission of Un-Audited Financial Results for the third quarter ended 31st December 2025
Ref: Regulation 30 & 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulation, 2015
Pursuant to Regulation 30 & 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") as amended from time to time this is to inform you that the Board of Directors at its meeting held today i.e. Saturday, the 14th day of February 2026 has approved the Unaudited Financial Results of the Company for the Third Quarter ended 31st December, 2025. The said results were reviewed by the Audit Committee at its meeting held prior to the Board Meeting. Further please find enclosed herewith:
-
- Statement of Unaudited Standalone & Consolidated Financial Results of the Company for the Third Ouarter ended 31st December, 2025.
-
- Limited Review Report of the statutory Auditor of the Company in respect of said results.
The meeting of the Board of Directors of the company commenced at 01:00 P.M. and concluded at 05:00 P.M.
This is for your information and records.
Thanking You, Yours Sincerely, For Pansari Developers Limited
RAJSHRFF SOMANI
Digitally signed by RAJSHREE SOMANI Date: 2026.02.14 17:02:06 + 05'30'
Rajshree Somani Company Secretary & Compliance Officer Membership No: A61410
Encl: As above
Pansari Developers Limited
www.purtirealty.com
Date: 14th February, 2026
To The National Stock Exchange of India Limited Exchange Plaza, Plot no. C/1, G Block Bandra-Kurla Complex Bandra (E) Mumbai - 400 051
Symbol: PANSARI
Sub: - Declaration confirming issuance of Limited Review Reports with Unmodified Opinion on the Standalone and Consolidated Unaudited Financial Statements of Pansari Developers Limited for the Quarter ended December 31st, 2025.
Dear Sir/Madam,
Pursuant to Regulation 33(3)(b) of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, we hereby confirm and declare that the Statutory Auditors of the Company M/s Garv & Associates, Chartered Accountant (FRN 301094E) has issued Limited Review Report with unmodified opinion(s) in respect of Unaudited Standalone and Consolidated Financial Results for the Quarter ended on 31st December, 2025.
Thanking You, For Pansari Developers Limited
SOMANI /
RAJSHREE Digitally signed by RAJSHREE SOMANI Date: 2026.02.14 $17:02:37 + 05'30'$
Rajshree Somani Company Secretary & Compliance Officer Membership No: A61410
Pansari Developers Limited
Registered Office: 14, N. S. Road, 4th Floor, Kolkata - 700 001
(033) 4005 0500 [email protected] GSTIN. 19AABCP6809N1ZV CIN No. L72200WB1996PLC079438
27A Hazra Road Kolkata 700 029 Phone: +91 (33) 40404743 / 4744 E-mail: [email protected] Website: www.garvca.com
Independent Auditor's Review Report on unaudited Ind AS Standalone Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
Review Report to
The Board of Directors of Pansari Developers Limited
-
- We have reviewed the accompanying Statement of Unaudited Ind AS Standalone Financial Results of Pansari Developers Limited for the quarter ended December 31, 2025, and year to date from April 1, 2025 to December 31, 2025 ("the Statement"). The statement has been prepared by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").
-
- This Statement, which is Responsibility of the company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS -34") Prescribed Under Section 133 of the Companies Act, 2013 as amended read with Relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the statement based on our review.
-
- We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by The Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
-
- Based on our review conducted as above nothing has come to our attention that causes us to believe that the accompanying statement, prepared in accordance with the recognition and measurement Principals laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under section 133 of the Compet
Network: GARV & Affiliates Branch: 19, R. N. Mukherjee Road, Eastern Building, 1st Floor, Kolkata 700 00 Kolkata | Bengaluru | Chennai | Guwahati | Hyderabad | Mumbai
Act, 2013 as amended, read with relevant Rules issued thereunder and other recognized accounting practices and Policies, has not disclosed the information required to be disclosed in terms of the Listing Regulations including the manner in which it is to be disclosed, or that it contains any material misstatement.
- We draw attention to the Note (d) of the accompanying standalone financial results which describe the matter regarding management's assessment on new labour code, there is no material financial impact on the financial results as at the reporting date. The assessment of any other impact, including on employee benefit expenses, arising from the New Labour Codes will be undertaken and appropriately accounted for upon notification of the relevant Rules by the appropriate authorities. Our conclusion is not modified in respect of this matter.
For G A R V & ASSOCIATES
Charterea Accountants Firm Registration No. 301094E
olune
(ANSHUMA RUSTAGI) Partner Membership No.: 062957
Place: Kolkata Date: 14th February, 2026 UDIN: 26062957 EPXOHI2015
PANSARI DEVELOPERS LIMITED Corporate Identity Number : L72200WB1996PLC079438
Statement of Unaudited Financial Results for the Quarter/Nine Months ended 31st December, 2025
| Particulars | (Rs in Lakh) Standalone |
|||||||
|---|---|---|---|---|---|---|---|---|
| SI. No. | Nine Months Ended | Year Ended | ||||||
| 31st December 2025 |
30th September 2025 |
30th June 2025 |
31st December 2024 |
31st December 2025 |
31st December 2024 |
31st March 2025 | ||
| Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited | ||
| $\mathbf{1}$ | Income from Operations | |||||||
| (a) Revenue from Operations | 3,719.97 | 2,756.69 | 1,774.25 | 1,783.53 | 8,250.91 | 1,783.53 | 3,646.59 | |
| (b) Other Income | 175.96 | 204.52 | 106.95 | 277.71 | 487.43 | 277.71 | 458.21 | |
| Total Income | 3,895.93 | 2,961.21 | 1,881.20 | 2,061.24 | 8,738.34 | 2,061.24 | 4,104.80 | |
| $\overline{2}$ | Expenditure | |||||||
| (a) Opreating Cost | 1,475.50 | 1,657.37 | 1,698.01 | 2,095.62 | 4,830.89 | 2.095.62 | 4,272.75 | |
| (b) Purchase of Stock In Trade | $\sim$ | 53.00 | ×. | ÷ | 53.00 | |||
| (c) Changes in Inventories | 1,649.44 | 555.70 | (554.15) | (1,077.27) | 1,650.99 | (1,077.27) | (2, 138.65) | |
| (d) Employee Benefits Expenses | 45.84 | 53.18 | 48.61 | 58.01 | 147.64 | 58.01 | 76.85 | |
| (e) Finance Cost | 74.90 | 57.20 | 75.47 | 276.85 | 207.57 | 276.85 | 392.29 | |
| (f) Depreciation and Amortisation Expenses | 56.13 | 59.02 | 71.31 | 296.42 | 186.46 | 296.42 | 316.92 | |
| (g) Other Expenses | 25.26 | 32.35 | 17.66 | 105.45 | 75.27 | 105.45 | 187.46 | |
| $\overline{\mathbf{3}}$ | Total Expenses | 3,327.07 | 2,467.83 | 1,356.91 | 1,755.09 | 7,151.80 | 1,755.09 | 3,107.62 |
| $\overline{a}$ | Profit before Exceptional Items | 568.86 | 493.38 | 524.30 | 306.16 | 1,586.54 | 306.16 | 997.17 |
| 5 | Add : Exceptional Item | ٠ | × | ×. | ×, | |||
| 6 | Profit before Tax | 568.86 | 493.38 | 524.30 | 306.16 | 1,586.54 | 306.16 | 997.17 |
| Less : Tax Expense | ||||||||
| (a) Current Tax | 93.68 | 81.80 | 86.83 | 47.62 | 262.31 | 47.62 | 160.41 | |
| (b) Mat Credit Entitlement | 50.79 | 68.53 | 41.19 | 39.61 | 160.51 | 39.61 | 98.59 | |
| (c) Deferred Tax (d) Mat Credit for Earlier Year |
0.63 | 17.53 | (18.10) | (24.18) | 0.06 | (24.18) | (12.37) | |
| (e) Income tax for Earlier year | ¥ | × | ٠ | |||||
| $\overline{7}$ | Total Tax | 145.10 | 167.86 | 109.92 | 63.05 | 422.88 | 63.05 | 0.43 247.05 |
| 8 | Net Profit | 423.76 | 325.53 | 414.37 | 243.11 | 1,163.66 | 243.11 | 750.12 |
| Other Comprehensive income (After tax) | ||||||||
| (a) Items that cannot be Reclassified to P&L A/c | ||||||||
| Re-measurement income/ (loss) on defined benefit plans | 0.56 | |||||||
| Income tax relating to above items | (0.16) | |||||||
| Fair Value through OCI of Equity Investment | (0.04) | 0.04 | × | ÷ | 9.35 | |||
| b) Income tax relating to above items | ö2 | 0.00 | (0.00) | (1.04) | ||||
| 9 | Total Other comprehensive income (a+b) | ×. | (0.04) | 0.04 | $\langle \hat{\sigma} \rangle$ | $\sim$ | ÷ | 8.71 |
| 10 | Total comprehensive income for the period (8+9) | 423.76 | 325.49 | 414.41 | 243.11 | 1,163.66 | 243.11 | 758.84 |
| Paid Up Share Capital (Face Value Rs 10 each) | 1,744.68 | 1,744.68 | 1,744.68 | 1,744.68 | 1744.68 | 1744.68 | 1744.68 | |
| Earning per share (Face Value Rs 10 each) | ||||||||
| (a) Basic | 2.43 | 1.87 | 2.38 | 1.39 | 6.67 | 1.39 | 4.30 | |
| (b) Diluted | 2.43 | 1.87 | 2.38 | 1.39 | 6.67 | 1.39 | 4.30 |
Notes $(a)$
The Financial Results of the Company for the Quarter ended 31st December, 2025 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company in their respective
meetings he Disclosure Requirements) Regulations, 2015.
$(b)$
The financial results of the company have been prepared in accordance with Indian Accounting Standard (IND AS) notified under the companies (Indian Accounting Standard) Rules 2015 as amended by the companies
(Indian Accoun 101 first time adoption of Accouting Standards) have been prepared.
(c) The company does not have any extraordinary or exceptional items to report for the above period.
The Government of India has consolidated 29 existing labour legislations into a unified framework comprising four labour Codes. Viz, Code on Wages, 2019, Code in Social Security,2020, Industrial Relation Code,2020 and
Occu $(d)$ under these codes are yet to be notified. Based the management assessment there is no material financial implication due to these changes. The assessment of other impact, if any on employee benefit expenses arising
from th
(e) The Company does not have more than one reportable segment.
$(f)$ The IND AS compliant corresponding figures in the previous years have not been subjected to review/audit however the company's management has exercised necessary due deligence to insure that such financial results provide true and fair view of its affairs.
$(g)$ The figures for the quarter ended 31st December, 2025 are the balancing figure between the unaudited figures in respect of Nine Months ended 31st December, 2025 and Published Figure upto the end of the second quarter ended 30th September, 2025.
(h) Figures of the Previous Periods have been re-arranged/regrouped whereever necessary to conform to current period's classification.
Place : Kolkata Date: 14th February, 2026
For Pansan Developers Limited $\mu$ $+A$ 8 $\alpha$ Chairman & Managing Director
For and on behalf of the board
27A Hazra Road Kolkata 700 029 Phone: +91 (33) 40404743 / 4744 E-mail: [email protected] Website: www.garvca.com
Independent Auditor's Review Report on unaudited Ind AS Consolidated Quarterly and Year to Date Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
Review Report to
The Board of Directors of Pansari Developers Limited
-
- We have reviewed the accompanying Statement of Unaudited Ind AS Consolidated Financial Results of Pansari Developers Limited ("the Parent"), which includes its jointly controlled entities (the Parent and its entities together referred to as the "Group") and its share of net profit/(loss) after tax and total comprehensive income of its jointly controlled entities for the quarter and Nine months ended 31st December, 2025 attached herewith being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
-
- This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Ind AS-34 "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to issue a report on the Unaudited Consolidated Financial Statement based on our review.
-
- We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by The Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
-
- The Statement includes the results of the following entities:
- Joint Ventures $\mathbf{L}$
- a) Papillon Developers LLP
- b) Purti Delux Developers LLP (Formally Known as Unipon Purti Developers LLP)
- c) Purti NPR Developers LLP (Formally Known as "Yogadhipa Promoters LLP")
Network: GARV & Affiliates Branch: 19, R. N. Mukherjee Road, Eastern Building, 1st Floor, Kolkata 700 001 Kolkata | Bengaluru | Chennai | Guwahati | Hyderabad | Mumbai
$\mathbf{H}$ . Associates
a) Jabba Infrabuilder Private Limited
-
- Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued there under and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.
-
- We draw attention to the Note (f) of the accompanying consolidated financial results which describe the matter regarding management's assessment on new labour code, there is no material financial impact on the financial results as at the reporting date. The assessment of any other impact, including on employee benefit expenses, arising from
- the New Labour Codes will be undertaken and appropriately accounted for upon notification of the relevant Rules by the appropriate authorities. Our conclusion is not modified in respect of this matter. Our conclusion on the Statement is not modified in respect of the above matters.
-
- The Statement also includes the Group's share of net profit / (loss) after tax of Rs 14.99 lakhs and Rs 29.13 lakhs, for the quarter ended 31 December 2025 and for the period from 1 April 2025 to 31 December 2025 respectively, as considered in the Statement, in respect of one (1) associate and three (3) joint ventures which have been reviewed by their respective independent auditors.
The independent auditor's reports on interim financial results financial information of these entities have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect of these joint venture and associates is based solely on the report of such auditors and procedures performed by us as stated in paragraph 3 above.
Our conclusion on the Statement in respect of matter stated herein in para 7 is not modified with respect to our reliance on the work done and the reports of the other auditors.
For G A R V & ASSOCIATES Chartered Accountants Firm Registration No. 301094E
strume
(ANSHUMA RUSTAGI) Partner Membership No: 062957
Date: 14th February, 2026 Place: Kolkata UDIN: 26062957KJWKJJ4659
| PANSARI DEVELOPERS LIMITED | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Corporate Identity Number : L72200WB1996PLC079438 | |||||||||||||
| Statement of Unaudited Consolidated Financial Results for the Quarter and Nine Months ended 31st December, 2025 | |||||||||||||
| (Rs in Lakh) | |||||||||||||
| Consolidated | |||||||||||||
| Quarter Ended | Nine Months Ended | Year Ended | |||||||||||
| SI. No. |
Particulars | 31st December | 30th September | 30th June | 31st December | 31st December | 31st December | 31st March 2025 | |||||
| 2025 | 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||
| Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited | |||||||
| $\mathbf 1$ | Income from Operations | ||||||||||||
| (a) Revenue from Operations | 3,720.89 | 2,757.14 | 1,774.25 | 2,129.52 | 8,252.27 | 2,129.52 | 3,997.30 | ||||||
| (b) Other Income | 151.09 | 209.53 | 117.01 | 257.66 | 477.63 | 257.66 | 487.02 | ||||||
| Total Income | 3,871.98 | 2,966.67 | 1,891.26 | 2,387.18 | 8,729.91 | 2,387.18 | 4,484.32 | ||||||
| $\overline{2}$ | Expenditure | 6,434.24 | |||||||||||
| (a) Operating Cost | 2,329.57 | 2,294.49 | 1,973.19 | 3.597.74 | 6,597.24 53.00 |
3,597.74 | |||||||
| (b)Purchase of Stock-In-Trade | 775.03 | 53.00 (90.87) |
(829.36) | (2, 270.82) | (145.20) | (2, 270.82) | (3,966.84) | ||||||
| (c) Changes in Inventories (d) Employee Benefits Expenses |
47.90 | 54.89 | 48.87 | 61.23 | 151.66 | 61.23 | 77.42 | ||||||
| (e) Finance Cost | 68.18 | 59.08 | 84.64 | 278.91 | 211.90 | 278.91 | 425.72 | ||||||
| (f) Depreciation and Amortisation Expenses | 56.22 | 59.07 | 71.37 | 296.78 | 186.66 | 296.78 | 317.43 | ||||||
| (g) Other Expenses | 22.71 | 40.63 | 18.17 | 155.67 | 81.51 | 155.67 | 192.31 | ||||||
| 3 | Total Expenses | 3,299.61 | 2,470.28 | 1,366.88 | 2,119.50 | 7,136.77 | 2,119.50 | 3,480.27 | |||||
| 4 | Profit before Exceptional Items | 572.37 | 496.39 | 524.38 | 267.68 | 1,593.14 | 267.68 | 1,004.05 | |||||
| 5 | Add : Exceptional Item | ÷ | × | ||||||||||
| 6 | Profit before Tax | 572.37 | 496.39 | 524.38 | 267.68 | 1,593.14 | 267.68 | 1,004.05 | |||||
| Less: Tax Expense | |||||||||||||
| (a) Current Tax | 97.42 | 84.37 | 87.09 | 45.92 | 268.88 | 45.92 34.87 |
168.57 98.59 |
||||||
| (b) Mat Credit Entitlement | 50.79 | 68.53 | 41.19 | 34.87 (24.18) |
160.51 0.06 |
(24.18) | (12.37) | ||||||
| (c) Deferred Tax | 0.63 | 17.53 | (18.10) ÷. |
||||||||||
| (d) Mat Credit for Earlier year (e) Income tax for Earlier year |
0.00 | 0.05 | 0.04 | 0.05 | 0.04 | (0.83) | |||||||
| $\overline{7}$ | Total Tax | 148.84 | 170.48 | 110.19 | 56.65 | 429.51 | 56.65 | 253.96 | |||||
| 423.53 | 325.91 | 414.20 | 211.03 | 1,163.64 | 211.03 | 750.09 | |||||||
| 8 | Net Profit | ||||||||||||
| 0.01 | 0.01 | 0.00 | |||||||||||
| Share of Profit from Associate | |||||||||||||
| Other Comprehensive Income (After Tax) | |||||||||||||
| (a) Items that cannot be Reclassified to P&L A/c | |||||||||||||
| ٠ | 0.56 | ||||||||||||
| Re-measurement income/ (loss) on defined benefit plans | |||||||||||||
| Income tax relating to above items | (0.16) | ||||||||||||
| Fair Value through OCI of Equity Investment | (0.04) | 0.04 | ×, | 9.35 | |||||||||
| (b) Income tax relating to above items | 0.00 | (0.00) | i. | (1.04) | |||||||||
| 9 | Total Other Comprehensive Income (a+b) | (0.04) | 0.04 | ×, | 8.71 | ||||||||
| 10 | Total Comprehensive Income for the period (8+9) | 423.50 | 325.91 | 414.24 | 211.03 | 1,163.65 | 211.03 | 758.81 | |||||
| Paid Up Share Capital (Face Value Rs 10 each) | 1,744.68 | 1,744.68 | 1,744.68 | 1744.68 | 1744.68 | 1744.68 | |||||||
| 1,744.68 | |||||||||||||
| Earning per share (Face Value Rs 10 each) | 2.43 | 1.87 | 2.37 | 1.21 | 6.67 | 1.21 | 4.30 | ||||||
| (a) Basic | 1.87 | 2.37 | 1.21 | 6.67 | 1.21 | 4.30 | |||||||
| (b) Diluted | 2.43 |
Notes
Place : Kolkata Date: 14th February, 2026
The Consolidated Financial Results of the Company for the Quarter ended 31st December, 2025 have been reviewed and recommended by the Audit Committee and approved by the Board of The Company interest interest in the State of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Statutory Auditors of the Company have carried out Audit of these results and the results are
The Consolidated financial results of the company have been prepared in accordance with Indian Accounting Standard (IND AS) notified under the companies (Indian Accounting Standard) Rules 2015 (b) as ammended by the companies (Indian Accounting Standard) (Ammendement) Rules 2016. The company adopted IND AS from 01.04.2021 and accordingly these Financial Results (Incuding for all the
periods presented in accordan
(c) The nature of the real estate business of the Company is such that the result of the quarter/year may not be representative of the profit for the period.
(d) The company does not have any extraordinary or exceptional items to report for the above period
(e) The Company does not have more than one reportable segment.
The Company does not nave more than one reportable segment.
The Government of India has consolidated 29 existing labour Eigistions into a unified framework comprising four labour Codes. Viz, Code on Wages, 2019, Code in So $(f)$
The IND AS compliant corresponding figures in the previous years have not been subjected to review/audit however the company's management has exercised necessary due deligence to insure that
such financial results provide $(g)$
The figures for the quarter ended 31st December, 2025 are the balancing figure between the Unaudited figures in respect of nine month ended 31st December, 2023 and Published Figure upto the end $(h)$ of the 2nd quater ended 30th September, 2025.
(i) Figures of the Previous Periods have been re-arranged/regrouped where necessary to make them comparable.
For Pansan Developers Limited $\alpha$ Mahesh Agawal Chairman & Managing Director
Mahesh Kumar Agarwal (Managing Director and Chairman)
(DIN No. 00480731)