Synopsis:
The company underwent a leadership change after Indigo Infracon and AL Maha Fund acquired a 54.84% stake. Transitioning from FMCG to real estate, it reported an impressive 238% year-over-year net profit growth in Q1 FY26, although most of its revenue came from other income sources.
Once known as a major FMCG company, it is now diverting its path towards the real estate sector, which triggered new promoters buying approximately 55 percent stake in the business.
With a market capitalization of Rs 36.7 crore, the shares of Lake Shore Realty Ltd are currently trading at Rs 105 per share, representing a decline of just 6 percent from its 52-week high of Rs 111.65 per share. Over the past five years, the stock delivered a robust return of 486 percent.
What’s the News
On May 30, 2025, a Share Purchase Agreement was finalized, marking a significant moment as AL Maha Investment Fund PCC – ONYX Strategy, a Foreign Portfolio Investor, along with Indigo Infracon Pvt. Ltd., an Indian company, acquired a 54.84 percent stake in the company from the current promoters.
With this deal, Indigo Infracon Pvt. Ltd. steps in as the new promoter, while AL Maha Fund takes on the role of a financial investor, remaining outside the promoter group.
The previous promoters, including Mr. Sanjeev Goyal and his family, have completely exited the company and will now be categorized as public shareholders. This shift in ownership has also led to a total management shake-up. All former directors, including Managing Director Mr. Sanjeev Goyal and the Chief Financial Officer (CFO), have resigned.
A fresh board of directors has been appointed, which is as follows:
- Ms. Bhairavi Goswami takes the helm as the Managing Director (Promoter Category), and additional director, bringing her expertise in luxury branding and spiritual wellness to the role.
- Mr. Chandan Prajapati has come on board as a non-executive, Non-independent Director.
- Mr. Vijay Kumar and Mrs. Ruchi Ghanashyam have joined as Independent Directors.
All essential committees, including the Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee, have been restructured under this new leadership. Additionally, the company’s registered office has moved within Delhi, relocating from Aerocity to Punjabi Bagh.
Financial Highlights
The company reported a total income of Rs 33.82 lakh in Q1 FY26, up by 123 percent from its Q1 FY25 income of Rs 15.18 lakh. It is to be noted that the company is generating almost 100 percent of its revenue through other income and not from its core activities.
Coming to its profitability, the company reported a net profit growth of 238 percent to Rs 17 lakh in Q1 FY26, as compared to Rs 5.02 lakh in the same quarter of its previous year.
The company isn’t currently reporting any revenue from its main operations because it’s making a big shift from FMCG (dairy) to real estate. It seems like the existing dairy operations might have been paused or even shut down, while the real estate projects are still in their early stages. The regulatory processes and the time needed to execute these projects could be holding up revenue generation. This transition period is probably affecting the visibility of core sales.
Lake Shore Realty Limited, which used to be known as Mahaan Foods, kicked off its journey in 1987 with a focus on dairy products, rolling out popular items like “Mahaan” dairy powder and ghee. Fast forward to April 22, 2025, the company decided to rebrand and dive into the real estate sector.
Written by Satyajeet Mukherjee
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
