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Amj Land Holdings Limited (AMJLAND)

₹35.42 -1.01% last close, 16 Oct

📊 NSE: AMJLAND 🏢 Construction 📢 Latest filing: 22 Sep 2026 📝 Analysis written: 13 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Amj Land's revenue was ₹14.3 Cr (+0.3% year on year, -6.9% on the previous quarter), and net profit ₹3.4 Cr (-6.8% year on year); the operating margin was 21.3%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹14.3	+0.3%	-6.9%
Operating profit	₹3.0	-23.3%	-55.5%
Net profit	₹3.4	-6.8%	-37.8%
EPS (₹)	0.79	-7.1%	-37.3%
Operating margin	21.3%	—	—

Full quarterly financials → Results calendar →

AMJLAND delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 49.11% of the AMJLAND shares traded on NSE were taken to delivery, against the stock's own 20-session average of 74.02%. That is lower than usual for this stock. Turnover was only ₹29 lakh, so a handful of trades can move this figure. It traded 5.2 times its average daily volume.

49.11%Delivery, 16 Oct

74.02%Own 20-session average

5.2×Volume vs its average

₹35.42NSE close · -1.01%

Delivery in the last 5 sessions: 77.9% · 91.3% · 50.3% · 36.7% · 49.1%

Delivery across the market →Unusual volume today →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

AMJ Land Seeks Approval for Rs 40 Cr Related-Party ICD to Biodegradable Products India

🔵 WATCH ⭐ 6/10

OTHER 📅 22 Sep 2026, 04:57 PM

AMJ Land Holdings Limited has issued a Postal Ballot notice seeking shareholder approval to continue and modify an Inter-Corporate Deposit (ICD) arrangement with related party Biodegradable Products India Limited (BPIL). The proposal covers a 5-year extension (FY2026-27 to FY2030-31) for a principal ICD exposure capped at Rs 40 crore, representing ~75% of AMJ Land's TTM revenue of Rs 53 crore and ~21% of net worth. The exposure is to be secured via a joint mortgage over 22.93 acres of land in Village Chande, Pune, under an aggregate secured cap of Rs 200 crore alongside other lenders. Remote e-voting runs from September 23, 2026, to October 22, 2026.

ICD principal exposure to related party BPIL capped at Rs 40 crore (compared to AMJ's net worth of Rs 190 crore)
Proposed joint mortgage covers 92,800 sq metres (~22.93 acres) at Village Chande, Taluka Mulshi, Pune
Security coverage ratio reported at 0.60x at book value and 2.04x at distress value
Overall joint mortgage covers borrowings capped at Rs 200 crore across all mortgagees (BPIL outstanding was Rs 59.76 crore as of March 31, 2026)
Remote e-voting opens September 23, 2026, and concludes October 22, 2026, with results by October 24, 2026

💡 Track the voting results announced on or before October 24, 2026, and monitor quarterly disclosures on interest recovery and loan balances from BPIL.

AMJ Land Holdings CS and Compliance Officer Sahil Dudani Resigns Effective Sep 18, 2026

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 18 Sep 2026, 05:51 PM

AMJ Land Holdings Limited has announced the resignation of Mr. Sahil Dudani from the role of Company Secretary and Compliance Officer (Key Managerial Personnel), citing personal reasons. He was relieved from services with effect from September 18, 2026, following his resignation letter submitted on September 10, 2026. The departure is administrative and does not directly alter the financial or operational trajectory of the micro-cap real estate company (market cap of Rs 158 Cr).

Sahil Dudani resigned as Company Secretary and Compliance Officer (KMP) citing personal reasons.
Relieved from company services effective September 18, 2026.
Initial resignation letter tendered on September 10, 2026.
No operational disruption or material financial impact disclosed.

💡 Track the upcoming exchange filing for the appointment of a new Company Secretary and Compliance Officer to ensure ongoing statutory compliance.

AMJ Land Holdings CS & Compliance Officer Sahil Dudani Resigns Effective Sept 18, 2026

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 18 Sep 2026, 05:45 PM

Amj Land Holdings Limited has announced the resignation of Mr. Sahil Dudani from his role as Company Secretary and Compliance Officer (Key Managerial Personnel), effective September 18, 2026. The resignation letter, submitted on September 10, 2026, cites personal reasons for the departure. The company has a market capitalization of Rs 158 Cr and TTM revenue of Rs 53 Cr, and this transition represents a routine administrative secretarial change without any reported financial disruption.

Resignation of Company Secretary and Compliance Officer Sahil Dudani effective September 18, 2026
Resignation letter initially submitted on September 10, 2026, citing personal reasons
Departure involves a designated Key Managerial Personnel (KMP) under SEBI LODR Regulation 30

💡 Monitor upcoming board meeting outcomes for the announcement and appointment of a successor Company Secretary and Compliance Officer.

AMJ Land Holdings Submits Voting Results and Scrutinizer Report for 61st AGM

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 03 Sep 2026, 12:08 PM

AMJ Land Holdings Limited has submitted the Scrutinizer's Report and voting results for its 61st Annual General Meeting (AGM) held on September 02, 2026 via video conference. The cut-off date for eligibility to vote was August 24, 2026, with the remote e-voting window conducted between August 30, 2026, and September 01, 2026. The submission is a standard regulatory compliance filing under Regulation 44 of SEBI LODR Regulations, 2015.

Held 61st Annual General Meeting on September 02, 2026 via VC/OAVM
Shareholder voting eligibility cut-off date was August 24, 2026
Remote e-voting period ran from August 30, 2026 (9:00 AM) to September 01, 2026 (5:00 PM)
Scrutinizer's consolidated report submitted per Regulation 44 of SEBI LODR

💡 Track subsequent quarterly financial performance and progress on society redevelopment tenders in Maharashtra under UDCPR 2020.

AMJ Land Holdings Concludes 61st AGM; Resolutions Include Dividend and Related-Party Deals

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 02 Sep 2026, 09:25 PM

AMJ Land Holdings Limited conducted its 61st Annual General Meeting on September 02, 2026, via video conferencing. Key ordinary business transacted included the adoption of FY26 financial statements, reappointment of Director Mr. Arunkumar Mahabirprasad Jatia, and approval of the dividend for FY26. Special business included approvals for material related-party transactions with Pudumjee Paper Products Limited, 3P Land Holdings Limited, and Biodegradable Products India Limited. Voting results are scheduled to be submitted to stock exchanges within 48 hours.

Conducted 61st Annual General Meeting on September 02, 2026, from 11:30 AM to 12:02 PM IST
Tabled approval for dividend declaration on equity shares for FY26 (2025-26)
Proposed resolutions for material related-party transactions with Pudumjee Paper Products, 3P Land Holdings, and Biodegradable Products India
Final scrutinizer voting results to be declared and submitted to stock exchanges within 48 hours

💡 Track the formal disclosure of voting results and scrutinizer report within 48 hours to confirm the passing of proposed resolutions, including related-party transactions.

AMJ Land Holdings to Hold 61st AGM on Sept 2; Proposes Rs 90 Cr Related Party Borrowing Limit

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 05 Aug 2026, 03:18 PM

AMJ Land Holdings has scheduled its 61st Annual General Meeting (AGM) for September 2, 2026. Beyond routine approvals for FY26 results and dividends, the company is seeking shareholder approval for material related party transactions (RPTs) with group entities including Pudumjee Paper Products and 3P Land Holdings. Notably, the company is proposing an enabling borrowing limit of Rs 90 crore from related parties, which is significant given its current market capitalization of Rs 166 crore. Additionally, it seeks to cap aggregate exposure via guarantees and inter-corporate deposits (ICDs) at Rs 40 crore.

61st AGM scheduled for September 2, 2026, to be conducted via Video Conferencing.
Proposed enabling borrowing limit of Rs 90 crore from related parties, representing ~54% of current market cap.
Aggregate outstanding exposure for corporate guarantees and ICDs capped at Rs 4,000 Lakhs (Rs 40 Cr).
Dividend for FY 2025-26 to be paid starting September 22, 2026, if approved.
Book closure for dividend and AGM purposes set from August 25 to September 2, 2026.

💡 Investors should monitor the voting results of the AGM, specifically the approval of material related party transactions and the utilization of the Rs 90 crore borrowing limit, which could change the company's debt-free status.

AMJ Land Holdings Appoints New CFO and Company Secretary Effective August 2026

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 01 Aug 2026, 05:29 PM

AMJ Land Holdings (Market Cap: ₹167 Cr) has announced a transition in its leadership team. Mr. Surendra Kumar Bansal has resigned as Chief Financial Officer effective August 1, 2026, but will continue to serve as a Whole-time Director. Ms. Megha Goel, a Chartered Accountant with over 10 years of experience who has been with the company since 2022, has been appointed as the new CFO effective August 2, 2026. Additionally, Mr. Sahil Dudani has been appointed as the Company Secretary and Compliance Officer effective August 1, 2026.

Ms. Megha Goel appointed as Chief Financial Officer effective August 2, 2026
Mr. Sahil Dudani appointed as Company Secretary & Compliance Officer effective August 1, 2026
Outgoing CFO Mr. Surendra Kumar Bansal to remain as Whole-time Director
New CFO Ms. Megha Goel brings 10+ years of experience in corporate accounts and financial reporting
New CS Mr. Sahil Dudani possesses approximately 4 years of experience in secretarial functions

💡 Investors should monitor the transition for any changes in financial reporting style, though the internal promotion of Ms. Goel suggests continuity in existing financial practices.

AMJ Land Appoints Megha Goel as CFO and Sahil Dudani as CS; S.K. Bansal Resigns as CFO

🟡 NEUTRAL ⭐ 5/10

MANAGEMENT 📅 01 Aug 2026, 05:28 PM

AMJ Land Holdings has announced a leadership transition, appointing Ms. Megha Goel as Chief Financial Officer effective August 02, 2026. She succeeds Mr. Surendra Kumar Bansal, who resigned from the CFO role for personal reasons but will continue to serve as a Whole-time Director, ensuring continuity. Additionally, Mr. Sahil Dudani has been appointed as Company Secretary and Compliance Officer effective August 01, 2026. These changes occur as the company manages a TTM revenue of ₹53 crore and maintains a debt-free balance sheet.

Ms. Megha Goel appointed as CFO with over 10 years of experience in corporate accounts and financial reporting.
Mr. Sahil Dudani appointed as Company Secretary with approximately 4 years of experience in corporate secretarial functions.
Mr. Surendra Kumar Bansal resigns as CFO effective August 01, 2026, but remains a Whole-time Director.
The company reported a TTM PAT of ₹15 crore on a revenue of ₹53 crore.
New CFO Ms. Megha Goel has been associated with the company since March 2022.

💡 Watch for any shifts in financial strategy or capital allocation as the new CFO takes over, particularly regarding the funding of redevelopment projects which are the company's primary growth driver.

AMJ Land Appoints Ms. Megha Goel as CFO; Mr. S.K. Bansal Resigns as CFO

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 01 Aug 2026, 05:27 PM

AMJ Land Holdings Limited has announced a transition in its top management. Mr. Surendra Kumar Bansal has resigned as the Chief Financial Officer (CFO) effective August 1, 2026, but will continue to serve as a Whole-time Director. Ms. Megha Goel, a Chartered Accountant with over 10 years of experience who has been with the company since 2022, has been appointed as the new CFO effective August 2, 2026. Additionally, Mr. Sahil Dudani has been appointed as the Company Secretary and Compliance Officer.

Ms. Megha Goel appointed as CFO effective August 2, 2026, with over 10 years of experience in corporate accounts.
Mr. Surendra Kumar Bansal resigned as CFO on August 1, 2026, but remains a Whole-time Director and Key Managerial Personnel.
Mr. Sahil Dudani appointed as Company Secretary & Compliance Officer effective August 1, 2026, with 4 years of experience.
The company reported a TTM PAT of Rs 15 Cr against a market capitalization of Rs 167 Cr.
Operating Profit Margin (OPM) stands at 27.3% for the trailing twelve months.

💡 Investors should monitor the upcoming quarterly results to ensure a smooth transition in financial reporting and to see if the new leadership maintains the current debt-free status and healthy margins.

Q1 Net Profit at ₹3.37 Cr, Revenue Stagnant at ₹14.30 Cr

🟡 NEUTRAL ⭐ 5/10

EARNINGS 📅 01 Aug 2026, 05:23 PM

AMJ Land Holdings reported a flat top-line for Q1 FY27, with consolidated revenue of ₹14.30 Cr, a marginal 0.2% increase YoY. Net profit declined by 6.9% YoY to ₹3.37 Cr, primarily due to a sharp 95% increase in construction costs which rose to ₹8.05 Cr. The Real Estate segment remains the primary driver, contributing 97% of total revenue. Notably, Total Comprehensive Income surged to ₹19.81 Cr, bolstered by a ₹16.44 Cr gain in the fair value of associate investments.

Consolidated Revenue for Q1 FY27 stood at ₹14.30 Cr, nearly identical to ₹14.27 Cr in Q1 FY26.
Net Profit for the period was ₹3.37 Cr, down from ₹3.62 Cr in the corresponding quarter last year.
Construction costs spiked significantly to ₹8.05 Cr from ₹4.13 Cr in the previous year's quarter.
Real Estate segment revenue contributed ₹13.89 Cr, while Wind Power generation contributed ₹0.41 Cr.
Total Comprehensive Income reached ₹19.81 Cr, driven by a non-cash gain of ₹16.44 Cr in fair value of equity instruments.

💡 Investors should monitor the company's ability to manage rising construction costs and the conversion of its redevelopment pipeline into revenue. The significant boost in Total Comprehensive Income is non-operational and relates to investment valuations rather than core business cash flow.

₹0.20 Dividend: AMJ Land Sets August 24 as Record Date for 61st AGM

🟡 NEUTRAL ⭐ 4/10

DIVIDEND 📅 27 Jul 2026, 01:39 PM

AMJ Land Holdings has announced a final dividend of ₹0.20 per equity share (10% of face value) for the financial year. The company has fixed August 24, 2026, as the record date to determine shareholder eligibility. The 61st Annual General Meeting (AGM) is scheduled for September 2, 2026, where the dividend will be put to a vote. This follows a period where the company maintained a debt-free balance sheet and reported a TTM PAT of ₹15 Cr.

Final dividend declared at ₹0.20 per equity share of face value ₹2 each
Record date for dividend entitlement is fixed as August 24, 2026
Dividend payment to commence from September 22, 2026, subject to shareholder approval
61st Annual General Meeting scheduled for September 2, 2026, via video conferencing
Book closure period set from August 25, 2026, to September 2, 2026

💡 Investors should ensure their bank details are updated with depositories by the record date of August 24 to receive the dividend; watch the AGM for updates on redevelopment project timelines.

₹0.20 Dividend: AMJ Land Holdings Sets August 24 as Record Date

🟡 NEUTRAL ⭐ 5/10

DIVIDEND 📅 27 Jul 2026, 01:38 PM

AMJ Land Holdings has announced a final dividend of ₹0.20 per equity share (10% of face value) for the financial year. The record date for determining shareholder eligibility is fixed for August 24, 2026. At the current market price of ₹38.0, this represents a modest dividend yield of approximately 0.53%. The dividend is subject to shareholder approval at the 61st Annual General Meeting scheduled for September 2, 2026.

Final dividend of ₹0.20 per equity share of face value ₹2.00
Record date for dividend entitlement is Monday, August 24, 2026
61st Annual General Meeting (AGM) to be held on September 2, 2026
Dividend payment to commence from September 22, 2026, post-approval
Book closure period set from August 25 to September 2, 2026

💡 Investors seeking the dividend must hold shares before the ex-dividend date (typically one business day prior to the record date). Monitor the upcoming AGM for management commentary on the redevelopment project pipeline in Maharashtra.

₹0.20 Dividend Announced; AMJ Land Sets Record Date for 61st AGM

🟡 NEUTRAL ⭐ 4/10

DIVIDEND 📅 27 Jul 2026, 01:37 PM

AMJ Land Holdings Limited has scheduled its 61st Annual General Meeting (AGM) for September 2, 2026. The company has proposed a final dividend of ₹0.20 per equity share (10% of face value ₹2) for the fiscal year. To determine eligibility, the record date has been fixed as August 24, 2026, with the dividend payment expected to commence from September 22, 2026, subject to shareholder approval. This follows a year where the company reported a TTM PAT of ₹15 Cr.

Final dividend of ₹0.20 per equity share of face value ₹2 announced.
Record date for dividend entitlement is Monday, August 24, 2026.
61st Annual General Meeting scheduled for Wednesday, September 2, 2026.
Dividend payment to start from Tuesday, September 22, 2026.
Book closure period set from August 25, 2026, to September 2, 2026.

💡 Investors interested in the dividend must hold shares before the ex-dividend date (typically one business day before the August 24 record date). Monitor the AGM for management commentary on the progress of redevelopment projects under UDCPR 2020.

Resignation of Company Secretary & Compliance Officer Effective July 22, 2026

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 22 Jul 2026, 05:56 PM

AMJ Land Holdings Limited has announced the resignation of Mr. Chinmay Pitre from the position of Company Secretary and Compliance Officer (Key Managerial Personnel). The resignation is effective from July 22, 2026, with the official reason cited as personal reasons. The company, which operates in the construction and wind power sectors, has a market capitalization of Rs 157 Cr and TTM revenue of Rs 53 Cr. This is a routine administrative change and is not expected to impact the company's operational performance.

Mr. Chinmay Pitre resigned as Company Secretary and Compliance Officer effective July 22, 2026
The resignation was submitted on May 4, 2026, and accepted for the July 22, 2026 relief date
Company maintains a debt-free balance sheet with Rs 0 Cr debt
TTM Revenue for the period is Rs 53 Cr with a PAT of Rs 15 Cr

💡 Investors should monitor the company's next filing for the appointment of a new Company Secretary to ensure continuity in regulatory compliance and secretarial functions.

AMJ Land Holdings Submits Regulation 74(5) Compliance Certificate for June 30, 2026 Quarter

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Jul 2026, 10:01 AM

AMJ Land Holdings Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by KFin Technologies Limited, confirms that share dematerialization and rematerialization requests for the quarter ended June 30, 2026, have been processed. This is a standard administrative filing required for all listed companies to ensure the accuracy of the shareholder registry. There are no financial or operational updates included in this announcement.

Compliance certificate submitted for the quarter ended June 30, 2026
Certificate issued by Registrar and Share Transfer Agent (RTA) KFin Technologies Limited on July 10, 2026
Confirms processing of securities dematerialized/rematerialized during the period as per SEBI norms
Filing submitted to NSE and BSE on July 13, 2026

💡 No action is required as this is a routine procedural filing. Investors should look forward to the upcoming quarterly financial results for material business updates.

View All AMJLAND Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue from operations for H1 FY26 was INR 2,532.78 lakhs, a decrease of 31.17% compared to INR 3,679.75 lakhs in H1 FY25. The Real Estate segment revenue fell 32.58% YoY to INR 2,372.92 lakhs, while Wind Power Generation remained flat at INR 159.86 lakhs.

Geographic Revenue Split

Not specifically disclosed in available documents, though operations are primarily focused on the Pune/Maharashtra region for real estate redevelopment.

Profitability Margins

Net Profit Margin improved from 88.32% in FY24 to 89.90% in FY25. For H1 FY26, consolidated Profit Before Tax (PBT) was INR 1,213.13 lakhs, up 3.51% from INR 1,172.03 lakhs in H1 FY25, largely supported by a fair value gain of INR 448.61 lakhs.

EBITDA Margin

Segment results (profit before interest, tax, and depreciation) for Real Estate decreased 20.71% YoY to INR 856.36 lakhs in H1 FY26. Wind Power segment results were stable at INR 115.18 lakhs.

Capital Expenditure

The company made payments for the purchase of investments (net) amounting to INR 235.00 lakhs in H1 FY26. It also subscribed to INR 95.00 lakhs in share capital of its subsidiary company.

Credit Rating & Borrowing

Credit ratings are listed as 'Not Applicable'. Finance costs for the Real Estate segment decreased from INR 70.81 lakhs in H1 FY25 to INR 29.12 lakhs in H1 FY26.

⚙️ Operational Drivers

Raw Materials

Land is the primary raw material for the Real Estate segment; construction materials such as cement and steel are implied but specific cost percentages are not disclosed.

Capacity Expansion

The company is actively participating in tenders for the redevelopment of old societies and buildings, with advanced negotiations underway for several projects.

Manufacturing Efficiency

Not applicable to the service-oriented real estate and wind power segments.

📈 Strategic Growth

Growth Strategy

Growth is targeted through the redevelopment of old societies and buildings, leveraging the Unified Development Control and Promotion Regulations (UDCPR) 2020 which increased FSI potential. The company is actively bidding on tenders and negotiating with societies to expand its project pipeline.

Products & Services

Residential and commercial real estate development/redevelopment and wind power generation.

Brand Portfolio

AMJ Land Holdings, AMJ Realty.

New Products/Services

Focus on the redevelopment vertical as a primary growth driver following UDCPR 2020 regulatory clarity.

Market Expansion

Targeting redevelopment projects in urban areas, particularly where FSI potential has shifted due to new regulations.

Strategic Alliances

The company operates through subsidiaries like AMJ Realty Limited and M/s AMJ Land Developers, and associates like P Land Holdings Limited.

🌍 External Factors

Industry Trends

The industry is seeing a paradigm shift due to UDCPR 2020, which has brought consistency and clarity to FSI/Development potential, favoring organized developers in the redevelopment space.

Competitive Landscape

The company competes with other organized real estate developers in the tendering process for society redevelopments.

Competitive Moat

Moat is built on expertise in navigating complex legal and due diligence issues in land development and a strategic focus on the niche redevelopment market.

Macro Economic Sensitivity

Highly sensitive to real estate market conditions and urban development regulations in Maharashtra.

Consumer Behavior

Societies are becoming more interested in redevelopment, though their expectations regarding returns are currently described as 'unrealistic'.

⚖️ Regulatory & Governance

Industry Regulations

Operations are heavily governed by the Unified Development Control and Promotion Regulations (UDCPR) 2020 and the Companies Act, 2013.

Environmental Compliance

The company maintains a CSR Policy and operates in the renewable energy sector via wind power.

Taxation Policy Impact

Income tax assets (net) were INR 37.66 lakhs as of September 30, 2025. Deferred tax liabilities stood at INR 1,122.43 lakhs.

Legal Contingencies

The company notes ongoing 'legal and due diligence issues' regarding land and is 'awaiting the landowners’ actions to clear the issues', though specific INR values for pending litigation are not disclosed.

⚠️ Risk Analysis

Key Uncertainties

Key risks include the inability to meet society expectations in redevelopment tenders and potential delays in land title clearances.

Geographic Concentration Risk

Operations are concentrated in Maharashtra, making the company vulnerable to state-specific regulatory changes.

Third Party Dependencies

Dependency on landowners to clear legal issues before projects can proceed.

Credit & Counterparty Risk

Trade receivables stood at INR 318.75 lakhs as of September 2025. Debtor Turnover Ratio improved 70.25% in FY25 to 38.09, indicating better collection efficiency.