Date: November 04, 2026
Board Meeting Outcomes
The Board of Directors meeting was held on Wednesday, November 04, 2026. The meeting commenced at 12:15 PM (IST) and concluded at 2:40 PM (IST).
1) Financial Results
Based on the recommendation of the Audit Committee, the Board has considered and approved the Unaudited Standalone and Consolidated Financial Results for the Second quarter and half year ended September 30, 2026.
The Financial Results are accompanied by a Limited Review Report issued by M/s. MSKA & Associates LLP, Chartered Accountants, Statutory Auditors of the Company. [Note: The actual financial numbers are not provided in this disclosure document].
2) Incorporation of Subsidiaries
The Board approved the proposal for incorporation of two new international subsidiaries:
Dubai Subsidiary:
- Country: UAE
- Holding Structure: Capacit'e Infraprojects Limited (CIL) will hold 75% equity shareholding
- Industry: Construction and Engineering, Procurement and Construction (EPC)
- Business: Undertaking EPC contracts across high-rise and super-high rise residential buildings, commercial complexes, retail developments, healthcare facilities, data centres and other projects
- Consideration: Cash (exact cost to be finalized)
- Approvals: Applicable approvals in UAE as required under applicable laws
- Name and incorporation date: Yet to be finalized
Uganda Step-down Subsidiary:
- Country: Uganda
- Holding Structure: 100% equity shareholding by the proposed Dubai subsidiary, making it a wholly owned step-down subsidiary of CIL
- Industry: Construction and Engineering, Procurement and Construction (EPC)
- Business: Undertaking EPC contracts across high-rise and super-high rise residential buildings, commercial complexes, retail developments, healthcare facilities, data centres and other projects
- Consideration: Cash (exact cost to be finalized)
- Approvals: Applicable approvals in UAE as required under applicable laws
- Name and incorporation date: Yet to be finalized