1. Digital immersive platform launch - July 2025 Pending - At the Q4 FY25 call, management guided the digital immersive platform would launch in July 2025, having been test piloted with \~20 architects. Our record holds no disclosure confirming the platform's launch by that deadline or at any later date.
2. JLL/BoA incremental order - deliver ₹5.71 cr within twelve weeks from 6 June 2024 Partial - In the announcement dated 6th June 2024, management stated the entire order value of Rs. 5.71 crores had to be delivered within twelve weeks from June 6, 2024. The Q4 FY25 call notes full execution of branding for Bank of America across a million square feet, though no explicit disclosure confirms delivery within the original twelve-week window.
3. Adani Mundra project - completed well ahead of schedule Delivered - In the announcement dated 21st January 2025, management stated the Adani project at Mundra, valued at ₹4.5 crore, was expected to be completed well ahead of schedule. At the Q4 FY25 call, management confirmed the interior turnkey fit-out was completed within \~120 days, before contractually obligated timelines.
4. Infrastructure development - alter MoA to add infrastructure object clause Pending - In the announcement dated 19th November 2025, the Company proposed to alter its Memorandum of Association to add an object clause enabling infrastructure development activities. Our record holds no disclosure confirming whether the MoA alteration was approved by members or effected; the AGM notice lists other resolutions but not this one.
5. Long-term sustainable EBITDA margins - hover around 15-17% Missed - At the Q4 FY25 call, management guided that long-term sustainable EBITDA margins should hover around 15-17%. FY26 full-year OPM was 4.53%, and Q4 FY26 OPM was -0.90%, both materially below the guided range with no disclosed EBITDA-margin figure on the same basis approaching the target.