Board Meeting Details

The meeting was held on Monday, 10th August 2026, commencing at 2:30 PM and concluding at 5:00 PM. The board approved several items:

  • Un-audited Financial Results (Standalone and Consolidated) for the quarter ended 30th June 2026, along with the Limited Review Report.
  • Approval of the Notice of the 15th General Meeting of the Company to be held on Tuesday, 08th September 2026.
  • Approval of appointment of Scrutinizer for the forthcoming Annual General Meeting.
  • Approval of appointment of Mrs. Ameeta Ranade (DIN: 00006019) as an Additional Director in the category of Non-Executive Director.
  • Approval for giving loan or guarantee or providing security under Section 185 of the Companies Act, 2013.
  • Approval for making investments, give loans, guarantees and security in excess of limit specified under Section 186 of the Companies Act, 2013.
  • Approval of the Material Related Party Transactions with Industrial Solutions Corporation LLP.
  • Approval to increase the Remuneration of Managing Director of the Company.

The results will be published in newspapers as per Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Results - Standalone

For the quarter ended 30th June 2026 (unaudited):

  • Total Revenue from operations: ₹850.79 lakhs
  • Profit before tax and after exceptional items: ₹235.81 lakhs
  • Profit for the period after tax: ₹235.81 lakhs
  • Total Comprehensive Income: ₹236.59 lakhs
  • Earnings Per Share (basic and diluted): ₹1.47
  • Equity Share Capital: ₹802.87 lakhs (face value ₹5 per share)
  • Reserves: Not available (NA) as per the statement

Comparative figures:

  • Quarter ended 31st March 2026 (audited): Revenue ₹524.25 lakhs, Loss before tax ₹642.07 lakhs, Loss after tax ₹642.07 lakhs, EPS (₹4.00)
  • Quarter ended 30th June 2025 (unaudited): Revenue ₹929.23 lakhs, Profit before tax ₹246.27 lakhs, Profit after tax ₹246.27 lakhs, EPS ₹1.53
  • Year ended 31st March 2026 (audited): Revenue ₹2,327.64 lakhs, Loss before tax ₹1,021.78 lakhs, Loss after tax ₹1,021.78 lakhs, EPS (₹6.36)

Segment-wise revenue for Q1 June 2026:

  • Power Generation: ₹245.37 lakhs
  • Meters & Others: ₹205.36 lakhs
  • Investments: ₹400.06 lakhs (net gain on investments carried at FVTPL)

Segment results (net profit/loss before tax & interest):

  • Power Generation: Profit of ₹162.40 lakhs
  • Meters & Others: Loss of ₹33.73 lakhs
  • Investments: Profit of ₹381.13 lakhs

Ratios for Q1 June 2026:

  • Current Ratio: 2.79
  • Total Debts to Total Assets: 0.13
  • Debtors Turnover: 0.86
  • Inventory Turnover Ratio: 0.91
  • Operating Margin: 61.85%
  • Net Profit Margin: 27.72%

Financial Results - Consolidated

For the quarter ended 30th June 2026 (unaudited):

  • Total Revenue from operations: ₹850.79 lakhs
  • Profit before tax and after exceptional items: ₹235.70 lakhs
  • Profit for the period after tax: ₹235.70 lakhs
  • Total Comprehensive Income: ₹237.54 lakhs
  • Earnings Per Share (basic and diluted): ₹1.47
  • Equity Share Capital: ₹802.87 lakhs (face value ₹5 per share)
  • Reserves: Not available (NA) as per the statement, but previous year audited reserves were ₹7,163.67 lakhs

Comparative figures similar to standalone.

The consolidated results include subsidiaries: Global Power and Trading PTE Limited (Singapore), Advance Power and Trading GMBH (Germany), and PKR Technology Canada Limited (Canada) only up to 19th June 2026 as it was disposed off on that date.

Segment-wise data is consistent with standalone results.

Director Appointment

Mrs. Ameeta Ranade (DIN: 00006019) was appointed as an Additional Director in the non-executive category, effective from 14th August 2026 until the conclusion of the next AGM, subject to shareholder approval. Her profile: holds a Master's degree in English Hons, with over 35 years of experience in corporate management, including banking and finance. She is the spouse of the late Mr. Pranav Kumar Ranade (ex-promoter) and mother of Mr. Prashant Ranade (Managing Director).

Other Approvals

  • Approval for loans/guarantees under Section 185 of Companies Act, 2013.
  • Approval for investments/loans under Section 186 of Companies Act, 2013.
  • Approval of material related party transactions with Industrial Solutions Corporation LLP.
  • Approval to increase the remuneration of the Managing Director.

Auditor's Review

GSA & Associates LLP provided a limited review report on the unaudited financial results, stating that nothing has come to their attention that causes them to believe the results are not fairly presented in accordance with Ind AS 34 and SEBI regulations.

Regulatory and Accounting Notes

  • The financial results were prepared in accordance with Ind AS 34 and SEBI LODR Regulations Regulation 33.
  • No provision for deferred tax has been recognized due to carried forward business losses and unabsorbed depreciation.
  • The figures for the quarter ended 31st March 2026 are derived from limited review results for the nine months ended 31st December 2025 and audited results for the year ended 31st March 2026.