National Standard (India) Ltd reported a Profit After Tax of Rs 3.34 crore for the quarter ended September 30, 2026. The company also confirmed its merger with Lodha Developers Ltd has received shareholder approval and is awaiting final NCLT sanction.
National Standard (India) Reports Q2 Profit and Merger Milestone
Profit After Tax: Rs 3.34 Crore
Revenue from Operations: -Rs 1.02 Crore
Reader Takeaway: Profitability remains steady via other income, while the merger process with parent Lodha Developers moves forward.
What just happened
National Standard (India) Ltd has released its unaudited financial results for the quarter and half-year ending September 30, 2026. The company recorded a profit after tax of Rs 3.34 crore for the quarter, bolstered by Rs 4.59 crore in other income. Operating revenue was reported at a negative Rs 1.02 crore.
The Merger Progress
A key focus remains the ongoing merger with its holding company, Lodha Developers Limited. The company informed the exchange that shareholders voted in favor of the merger scheme on October 9, 2026. This followed the initial filing with the National Company Law Tribunal (NCLT), Mumbai Bench, on June 11, 2026. The merger is now subject to final sanction from the NCLT and is not yet effective.
What to track next
Investors should monitor the upcoming NCLT hearings for the final sanction order. Once the sanction is obtained and certified, the merger will be implemented according to the agreed terms, which will likely result in the delisting or restructuring of the company's equity shares under the scheme.