Secretarial Auditor: Mr. Khushal Bajaj, Practicing Company Secretary
RTA: M/s. MUFG Intime India Private Limited
Scrutinizer for E-voting: CS Jigar Gorsia, Practicing Company Secretaries
Bankers: Punjab National Bank, Shriram Urban Co-operative Bank Ltd, Shri Anand Nagrik Sahakari Bank Ltd, Akola Urban Co-operative Bank Ltd
Purpose/Rationale
To adopt audited financial statements for FY 2025-26
To re-appoint Mrs. Ankita Shah (DIN: 06772621) as director retiring by rotation
To provide business update and financial performance to shareholders
Financial Impact
PAT decline attributed to: (1) Commencement of 13 new projects requiring upfront mobilization costs; (2) Write-off of bills pending for more than 18 months from Work-in-Progress as per conservative accounting policy
Manpower costs increased by 11.37% due to expanded operations and salary structure revision
Administrative and selling costs increased by 28.95% due to new site mobilization
Interest costs decreased by 2.10% aligned with bank limit utilization
No dividend declared for FY26 to meet working capital and capex requirements
Capital Structure Impact
Authorized share capital increased from ₹10 crore to ₹15 crore during the year
Issued, subscribed and paid-up capital unchanged at ₹7.275 crore
98.85% of equity shares held in dematerialized form
Cash Flow Implications
Cash and cash equivalents: ₹21.24 lakhs as of 31-Mar-2026
Fixed deposits pledged with banks: ₹595.19 lakhs (as collateral for bank guarantees)
Unpaid dividend for FY 2024-25: ₹39,504.50 lying in designated bank account
Management Commentary
Infrastructure sector remains key driver of India's economic growth with continued government focus
Company expanded into railway sector and secured empanelment as PMC for municipal roads in Mumbai BMC
Strong order book provides revenue visibility
Geopolitical conflicts caused volatility in commodity prices and extended lead times
Focus on strengthening project execution capabilities and operational efficiencies
