Signature Global Re-appoints Three Independent Directors for Second Five-Year Term; Appoints Goyal, Goyal & Associates as Cost Auditor for FY27

Board Governance Update: Director Reappointments and Cost Auditor Appointment

On August 6, 2026, Signature Global (India) Limited's Board of Directors held a meeting to approve the company's unaudited financial results for the quarter ended June 30, 2026. During the same meeting, the Board approved significant governance changes including the reappointment of key independent directors and the appointment of a new cost auditor for the fiscal year ahead.

Independent Director Reappointments

The Board approved the re-appointment of three Independent Directors for a second term of five consecutive years each. These reappointments reflect continuity in the company's governance structure and demonstrate confidence in the oversight framework established by these directors during their initial tenure.

Independent directors play a critical role in publicly listed companies, particularly in real estate development where capital allocation, project execution timelines, and stakeholder accountability are central to investor confidence. The five-year term aligns with corporate governance standards across India's listed real estate sector.

Cost Auditor Appointment for FY 2026-27

Based on the Audit Committee's recommendation, the Board approved the appointment of M/s. Goyal, Goyal & Associates as the Cost Auditor for the Financial Year 2026-27. This appointment ensures compliance with statutory audit requirements under the Companies Act, 2013, and SEBI Listing Obligations and Disclosure Requirements Regulations.

Goyal, Goyal & Associates was established on April 4, 2002 with a vision to deliver cost and management accounting services. The firm specialises in cost audits, cost management, and related compliance services for listed and unlisted companies across diverse sectors including real estate.

Q1 FY27 Financial Performance Context

The board meeting took place against the backdrop of Signature Global's first-quarter results for the fiscal year 2026-27. The company reported a consolidated loss of ₹165.29 million for the quarter, compared to a profit of ₹11,524.08 million in the same period last year, with standalone results showing a loss of ₹254.67 million.

Despite the quarterly loss, pre-sales rose 25 per cent quarter-on-quarter to ₹1,970 crore, supported by strong demand and premium housing launches. Average sales realisation increased to ₹17,093 per square foot in Q1 FY27 from ₹15,250 per square foot in FY26, an improvement attributed mainly to the launch of premium projects.

Developer Background

Founded in 2014 and headquartered in Gurugram, Signature Global commenced operations in the affordable housing segment and strategically ventured into the mid-income housing market in 2017. In 2024, Signature Global entered the premium housing segment and has since significantly strengthened its position through the successful launch of five premium group housing projects between 2024 and FY26, achieving record sales value.

The company ranked as the fifth-largest listed real estate developer in India by sales bookings in FY2024-25, behind Godrej Properties, DLF, Lodha, and Prestige. Most of the completed, ongoing, and forthcoming projects are located in Gurugram and Sohna in Haryana.