1. ₹32.4 cr promoter-backed warrant issue - The board approved a preferential issue of 18,50,000 convertible warrants at ₹175 each (aggregating ₹32.4 cr), with 97% allocated to the two promoters and shareholder approval sought at the March-2026 EGM. The infusion nearly doubles the company's current net worth and, since the funds are earmarked for working capital and general corporate purposes, directly fuels the balance-sheet capacity needed to scale the real estate pipeline.
2. Real estate revenue already at a ₹124 cr run-rate - Consolidated revenue from operations hit ₹82.7 cr in the first nine months of FY26, against ₹44.4 cr for all of FY25, with the December quarter alone contributing ₹31 cr. The topline has effectively trebled year-on-year, and the two operating subsidiaries (Vinca Realtors and Hariyana Developers) are now generating consistent profits, moving the group from a sub-₹15 cr revenue base to a materially larger earnings stream.
3. Vinca Realtors turns profitable - Vinca Realtors, the main operating subsidiary, posted a turnover of ₹13.8 cr and a net profit of ₹94 lakh in FY25, after being a negligible contributor in prior years. A profitable, cash-generating subsidiary removes the need for the parent to fund operating losses and provides a platform to bid for larger development projects.
4. Marine Drive Realtors - dormant entity with a clean slate - The second subsidiary, Marine Drive Realtors, reported nil turnover and a near-breakeven result in FY25, meaning it carries no legacy liabilities or loss-making projects. A clean SPV structure lets the company drop a new project into it without restructuring overhead, shortening the time from land acquisition to revenue recognition.