Total Income: ₹2,376.37 lakh (Previous year: ₹297.71 lakh)
Total Expenses: ₹2,169.21 lakh (Previous year: ₹369.09 lakh)
Profit Before Tax: ₹207.16 lakh (Previous year loss: ₹71.38 lakh)
Tax Expense: ₹51.93 lakh (Previous year tax credit: ₹117.66 lakh)
Profit After Tax: ₹155.23 lakh (Previous year: ₹46.28 lakh)
Other Comprehensive Income: (₹0.24) lakh
Total Comprehensive Income: ₹154.99 lakh
Earnings Per Share: ₹0.60 (Previous year: ₹0.25)
Revenue Breakdown
EV Charger Sales & Trading Income: ₹1,226.06 lakh
EV Charging Service Income: ₹131.37 lakh
Fleet Operation Income: ₹200.93 lakh (new business segment)
Other Operating Income (including Lease Income): ₹505.28 lakh
AGM Details
Date: September 30, 2026 at 3:00 PM IST
Mode: Video Conferencing/Other Audio Visual Means
Agenda Items:
Adoption of audited financial statements for FY 2025-26
Re-appointment of Mr. Naimish Raval (DIN: 09359061) as director retiring by rotation
Appointment of MYSP & Associates LLP as Statutory Auditors for 5 years
Approval of related party transactions with AV AC DC Renew Private Limited (₹100 crore limit) and System Level Solutions (India) Private Limited (₹50 crore limit)
Board Composition Changes
Mr. Jaydeep Mehta (DIN: 06952808) ceased as Non-Executive Independent Director effective October 20, 2025
Mr. Harnish Rao (DIN: 11357015) and Mr. Sahil Rao (DIN: 11367592) appointed as Non-Executive Independent Directors effective November 14, 2025
Auditor Appointments
Statutory Auditor: Bansi Khandelwal & Co. (FRN: 145850W) completed term, recommended appointment of MYSP & Associates LLP (FRN: 116455W) for 5 years
Internal Auditor: H A Parikh and Company resigned effective April 1, 2026, recommended appointment of Chintan Popat & Associates for 2 years
Secretarial Auditor: Mehul Bambhroliya continues for term from FY 2025-26 to FY 2029-30
Share Capital Changes
Share capital as of March 31, 2026: ₹2,571.09 lakh (2,57,10,913 equity shares of ₹10 each)
Forfeited 2,89,087 equity shares during the year due to non-payment of call money:
1,07,051 shares of ₹6.50 each, unpaid ₹3.50 per share
1,82,036 shares of ₹3.00 each, unpaid ₹7.00 per share
Rights Issue Fund Utilization
Total funds received through rights issue: ₹4,753.00 lakh (₹1,600.00 lakh in FY 2023-24 and ₹3,153.00 lakh in FY 2024-25)
Fixed deposits held as of March 31, 2025: ₹2,625.18 lakh
Utilization during FY 2025-26: ₹521.56 lakh
Addition to fixed assets (chargers, transformers): ₹46.97 lakh
Meter security deposits: ₹17.19 lakh
General business purposes including vendor advances: ₹457.40 lakh
Fixed deposits balance as of March 31, 2026: ₹2,103.62 lakh
Borrowings Position
Non-current borrowings: ₹2,332.36 lakh (vehicle loans from banks and financial institutions)
Current borrowings: ₹2,604.05 lakh (including bank overdraft against deposits of ₹1,880.40 lakh)
Loans from related parties: ₹56.24 lakh
Related Party Transactions
Seeking shareholder approval for material related party transactions up to:
AV AC DC Renew Private Limited: ₹100 crore
System Level Solutions (India) Private Limited: ₹50 crore
Transactions to be on arm's length basis
Business Operations Update
Company engaged in comprehensive Electric Vehicle (EV) charging solutions including trading, installation, commissioning, operation and maintenance of EV chargers
New ventures: E-truck fleet operations and E-cab fleet operations commenced in current year
Serving diverse customer base including individual consumers, commercial establishments, residential societies, fleet operators, and institutional clients
Corporate Governance
Board met 7 times during FY 2025-26
All directors attended required meetings with satisfactory attendance
