Lake Shore Realty Stock Surges 5% After Major Stake Acquisition by Indigo Infracon
Lake Shore Realty Ltd's stock hit a 5% upper circuit after Indigo Infracon and AL Maha Fund acquired a 54.84% stake, marking a significant shift in the company's leadership and strategic direction.
Real EstateStock MarketIndigo InfraconLake Shore RealtyMarket CapitalizationReal Estate NewsAug 05, 2025
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.
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.
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.
Frequently Asked Questions
What significant change happened in Lake Shore Realty Ltd recently?
Lake Shore Realty Ltd underwent a significant change when Indigo Infracon Pvt. Ltd. and AL Maha Fund acquired a 54.84% stake in the company, marking a shift in leadership and strategic direction.
How has the stock performance of Lake Shore Realty been over the past five years?
Over the past five years, the stock of Lake Shore Realty Ltd has delivered a robust return of 486 percent, reflecting strong investor interest and company performance.
Who are the new directors appointed to the board of Lake Shore Realty Ltd?
The new board of directors includes Ms. Bhairavi Goswami as Managing Director, Mr. Chandan Prajapati as a non-executive Director, and Mr. Vijay Kumar and Mrs. Ruchi Ghanashyam as Independent Directors.
What is the current financial performance of Lake Shore Realty Ltd?
In Q1 FY26, Lake Shore Realty Ltd reported a total income of Rs 33.82 lakh, up by 123% from Q1 FY25, and a net profit growth of 238% to Rs 17 lakh compared to the same quarter of the previous year.
What was Lake Shore Realty Ltd's original business focus, and how has it changed?
Originally known as Mahaan Foods, Lake Shore Realty Ltd started in 1987 with a focus on dairy products. In April 2025, the company rebranded and shifted its focus to the real estate sector.
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