Board Meeting Details
The Board of Directors meeting was held on Friday, August 7, 2026, commencing at 01:15 p.m. and concluding at 02:22 p.m.
Key Decisions and Approvals
1. Financial Results Approval
- Approved Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026
- Results were reviewed and recommended by the Audit Committee
2. Director Re-appointment
- Re-appointed Mr. Ramesh Kumar Agrawal (DIN: 09195375) as Independent Director
- Term: 5 years effective from September 24, 2026 (current term expires September 23, 2026)
- Subject to approval of members at ensuing Annual General Meeting
- Mr. Agrawal is a graduate with over 36 years of banking experience, including 20 years in senior executive roles with State Bank of India
3. Record Date and Cut-off Date
- Fixed Monday, September 14, 2026 as:
- Cut-off date for determining members eligible to vote on AGM resolutions and attend AGM
- Record date for determining members eligible to receive dividend for financial year 2025-26
- Dividend, if declared at AGM, will be paid within 30 days from conclusion of AGM
4. Remuneration Approvals
- Approved increase in remuneration for Ms. Rutvi Sheth (daughter of Mr. Shalin Sheth and Mrs. Rejal Sheth) up to maximum limit of ₹55,00,000 per annum
- Approved increase in remuneration for Mr. Vatsal Kundalia (son-in-law of Mr. Shalin Sheth and Mrs. Rejal Sheth) up to maximum limit of ₹75,00,000 per annum
- Both approvals subject to member approval at ensuing Annual General Meeting
Financial Performance - Standalone (Q1 FY27)
Income Statement (₹ in Lakh)
- Revenue from Operations: 12,933.73
- Other Income: 146.80
- Total Income: 13,080.53
- Cost of Materials Consumed: 8,698.49
- Purchase of Stock in Trade: 378.19
- Changes in Inventories: -501.30
- Erection, Sub-Contracting and other Project Expenses: 1,291.29
- Employee Benefits Expenses: 384.12
- Finance Costs: 446.72
- Depreciation and Amortization: 94.56
- Other Expenses: 593.39
- Total Expenses: 11,385.47
- Profit Before Tax: 1,695.07
- Tax Expense: 432.06 (Current Tax: 428.44, Deferred Tax: 3.62)
- Profit for the Quarter: 1,263.00
- Total Comprehensive Income: 1,270.15
Earnings Per Share
- Basic EPS: ₹11.54
- Diluted EPS: ₹11.53
- Paid-up equity share capital: 1,094.30 lakh shares (Face value ₹10 each)
Financial Performance - Consolidated (Q1 FY27)
Income Statement (₹ in Lakh)
- Revenue from Operations: 17,927.25
- Other Income: 163.42
- Total Income: 18,090.68
- Total Expenses: 15,998.58
- Profit Before Tax: 2,092.10
- Tax Expense: 529.46
- Profit After Tax: 1,562.64
- Share of Profit/(Loss) from Associates/JV: -82.49
- Total Profit: 1,480.15
- Total Comprehensive Income: 1,485.31
- Net Profit attributable to owners: 1,389.38
Earnings Per Share
- Basic EPS: ₹12.70
- Diluted EPS: ₹12.59
Segment Performance - Standalone
Power Transmission Division (PTS)
- Revenue: 12,721.75
- Segment Results: 2,089.80
- Segment Assets: 55,962.61
- Segment Liabilities: 27,838.03
New & Renewable Energy Business (NRE)
- Revenue: 211.98
- Segment Results: 51.99
- Segment Assets: 12,871.60
- Segment Liabilities: 13,273.39
Segment Performance - Consolidated
Power Transmission Division (PTS)
- Revenue: 12,721.75
- Segment Results: 2,143.11
- Segment Assets: 55,964.71
- Segment Liabilities: 27,843.43
New & Renewable Energy Business (NRE)
- Revenue: 5,205.51
- Segment Results: 401.17
- Segment Assets: 23,906.61
- Segment Liabilities: 15,588.46
Subsidiaries and Joint Ventures Included in Consolidation
1. TG Advait India Private Limited (Joint venture)
2. Advait Greenergy Private Limited
3. Advait Transmission Tools Private Limited
4. Advait Unified Renewable Assets Private Limited
5. Advait Carbon Advisory & Renewables Assets Private Limited
6. Advait Battery Ecosystems Private Limited
Future Events
- Annual General Meeting for financial year ended March 31, 2026 to be announced
- Dividend declaration subject to AGM approval