Integrated Filing- Financial

Nila Spaces Limited has announced a board meeting where it approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024. Revenues from operations stood at ₹33.02 crore with a profit before tax of ₹5.22 crore.

The board has re-appointed Mr. Shrinjay Joshi as an Independent Non-Executive Director for five more years starting February 10, 2025. Additionally, the company will invest ₹87.50 lakh in Compulsorily Convertible Preference Shares of Virtspaces Private Limited, aiming to enhance its technological capabilities in real estate.

This move could foster innovative growth opportunities, potentially boosting investor sentiment positively.