Financial Performance Summary

Ekansh Concepts Limited reported a significant deterioration in financial performance for FY 2025-26, recording a standalone net loss of ₹304.58 lakhs compared to a profit of ₹188.61 lakhs in the previous year. Total income declined by 32.8% to ₹3,109.32 lakhs, while operational costs remained elevated at ₹1,271.76 lakhs. The consolidated net loss stood at ₹304.22 lakhs versus a profit of ₹191.78 lakhs in FY25. Key balance sheet concerns include unsecured loans more than doubling to ₹2,495.93 lakhs and trade receivables surging to ₹2,725.65 lakhs, worsening the gearing ratio to 54.50% from 19.82%.

Management and Governance Changes

The company experienced significant management turnover during the fiscal year. Mr. Mahesh Kumar Birla resigned as CFO, followed by the appointment of Mrs. Neha Beriwala as CFO and Additional Executive Director. Multiple director changes occurred, including the resignation of Mr. Heeralal Agarwal and Mrs. Ekta Gupta, with Mr. Brijmohan Agarwal appointed as Additional Independent Director. The company also changed its Company Secretary twice during the year.

Strategic Developments and Merger

Ekansh Concepts initiated a proposed merger with Sankalp Industrial Infratech Private Limited, submitting the requisite NOC application to BSE Limited in June 2026. The merger remains subject to necessary statutory and regulatory approvals. The company also entered into a new operating lease for a Mumbai property, recognizing a right-of-use asset of ₹163.38 lakhs and corresponding lease liability of ₹111.15 lakhs.

AGM and Corporate Actions

The 34th Annual General Meeting is scheduled for September 28, 2026, to be conducted through video conferencing. Agenda items include adoption of financial statements, reappointment of Managing Director Sandeep Mandawewala, appointment of new statutory auditors M/s. Bilimoria Mehta & Co., and regularization of director appointments. No dividend was recommended for the financial year.

Regulatory Compliance and Disclosures

The company maintained compliance with SEBI Listing Regulations and Companies Act requirements, with all auditors issuing unmodified opinions. CSR expenditure of ₹8,00,000 was made through Sunil Patodia Welfare Foundation despite no obligation due to losses. The company provided negative disclosures on several regulatory matters including no fraud cases, no sexual harassment complaints, and no undisclosed income issues.