Financial Performance Highlights

Standalone Performance (FY 2025-26 vs FY 2024-25):

  • Revenue from operations: ₹11,220.56 lakhs (up from ₹10,008.49 lakhs) - growth of 12.1%
  • Total income: ₹11,258.21 lakhs (up from ₹10,099.00 lakhs)
  • Profit Before Tax: ₹1,112.76 lakhs (up from ₹860.86 lakhs) - growth of 29.2%
  • Profit After Tax: ₹807.69 lakhs (up from ₹614.37 lakhs) - growth of 31.5%

Consolidated Performance (FY 2025-26 vs FY 2024-25):

  • Revenue from operations: ₹11,519.65 lakhs (up from ₹10,036.39 lakhs) - growth of 14.8%
  • Total income: ₹11,558.37 lakhs (up from ₹10,125.34 lakhs)
  • Profit Before Tax: ₹1,116.28 lakhs (up from ₹865.54 lakhs)
  • Profit After Tax: ₹811.09 lakhs (up from ₹618.94 lakhs) - growth of 31.1%

Key Operational Developments

BSE SME Listing:

  • Equity shares listed on BSE SME Exchange on 13th January 2026
  • Significant milestone in company's growth journey

Mumbai-Ahmedabad High Speed Rail Project:

  • Received material approval for mechanically woven, double-twisted, hexagonal wire mesh
  • Awarded to Larsen & Toubro Construction under Package C3 covering approximately 135.45 km
  • Products underwent stringent testing at ACE Test House and M E Testing Lab Pvt. Ltd.
  • Validation of technical capabilities and quality standards

Share Capital Changes

  • Authorized Share Capital: ₹16,00,00,000 divided into 1,60,00,000 Equity shares
  • Paid-up share capital as on 31st March 2026: ₹13,57,53,600 divided into 1,35,75,360 Equity Shares
  • Allotted 36,00,000 Equity Shares through Initial Public Offer on 9th January 2026

Dividend

  • Board does not recommend any dividend for current year to conserve resources for future growth
  • Dividend Distribution Policy available on company website

Corporate Governance

Board of Directors:

  • Mr. Madhusudan Sarda (Chairman and Managing Director)
  • Mrs. Urvashi Sarda (Whole-Time Director)
  • Mr. Yumnam Joykumar Singh (Independent Director)
  • Mr. Rajagopal Karpurapu (Independent Director)
  • Mrs. Vineeta Gautam (Independent Director - till 18th June 2026)
  • Mr. Priyanandini Sarda (Non-Executive Director)

Key Managerial Personnel:

  • Mr. Deepak Kumar (Chief Financial Officer)
  • Mrs. Sonal Jhanwar (Company Secretary & Compliance Officer - w.e.f. 2nd March 2026)

Board Committees:

  • Audit Committee: Mr. Rajagopal Karpurapu (Chairperson), Mrs. Vineeta Gautam, Mrs. Urvashi Sarda
  • Nomination & Remuneration Committee: Mr. Rajagopal Karpurapu (Chairperson), Mrs. Vineeta Gautam, Ms. Priyanandini Sarda
  • Stakeholder Relationship Committee: Mr. Rajagopal Karpurapu (Chairperson), Mrs. Vineeta Gautam, Ms. Priyanandini Sarda
  • CSR Committee: Mr. Madhusudan Sarda (Chairperson), Mrs. Urvashi Sarda, Mr. Rajagopal Karpurapu
  • Initial Public Offer Committee: Mr. Madhusudan Sarda (Chairperson), Mrs. Urvashi Sarda, Mr. Rajagopal Karpurapu

Subsidiaries

  • Gabion Technologies BD Ltd. (100% holding)
  • Gabion Technologies Nepal Private Limited (74.44% holding)

Auditor Appointments

Statutory Auditors:

  • M/s. Vipin Aggarwal Kudsia & Associates appointed for FY 2025-26
  • Proposed appointment for 4 financial years (2026-27 to 2029-30) subject to shareholder approval

Cost Auditors:

  • M/s. Jay Narain & Co. Cost Accountants appointed for FY 2026-27
  • Remuneration of ₹1,30,000 plus applicable taxes and reimbursement of expenses requires shareholder ratification

Internal Auditors:

  • M/s. VRSK & Associates appointed for FY 2025-26

Secretarial Auditors:

  • M/s. Himanshu S K Gupta & Associates appointed for FY 2025-26

AGM Details

Date & Time: Wednesday, 30th September 2026 at 11:30 A.M.

Mode: Video Conference (VC) / Other Audio-Visual Means (OAVM)

Deemed Venue: Registered Office at 38, S/F, Near MCD Park, Mohammadpur New Delhi, Delhi, India, 110066

Business Items:

1. Adoption of audited financial statements for FY 2025-26

2. Re-appointment of Mrs. Urvashi Sarda as Whole-Time Director

3. Appointment of M/s. Vipin Aggarwal Kudsia & Associates as Statutory Auditors for 4 years

4. Ratification of remuneration of Cost Auditors for FY 2026-27

Voting Arrangements

  • Remote e-voting period: 26th September 2026 (9:00 AM) to 29th September 2026 (5:00 PM)
  • Cut-off date for determining voting rights: 23rd September 2026
  • NSDL appointed as authorized agency for e-voting

Key Ratios (Standalone)

  • Current Ratio: 1.92 (vs 1.24 previous year)
  • Debt-Equity Ratio: 0.24 (vs 0.73 previous year)
  • Debt Service Coverage Ratio: 0.22 (vs 0.15 previous year)
  • Return on Equity: 20.62% (vs 32.39% previous year)
  • Inventory Turnover Ratio: 1.81 (vs 2.81 previous year)
  • Net Profit Ratio: 0.07 (vs 0.06 previous year)

Employee Information

  • Total permanent employees: 155 as on 31st March 2026
  • Median remuneration: ₹1,19,486 p.a. (increase of 21.06% from previous year)

CSR Activities

  • CSR spending of ₹13,89,000 during FY 2025-26
  • Focus areas: Promoting Education, Health & Family Welfare, Eradicating hunger, poverty, Agriculture and Rural Development

Regulatory Compliance Issues

  • Statutory Auditor resignation on 30th January 2026 not intimated to Stock Exchange within prescribed timeline
  • New Statutory Auditor not appointed within prescribed time under Companies Act, 2013

Contingent Liabilities

  • Claims against company not acknowledged as debts: ₹230.01 lakhs
  • Bank Guarantees: ₹581.59 lakhs

Foreign Exchange Transactions

  • Exports: ₹149.57 lakhs (previous year: ₹83.55 lakhs)
  • Imports: ₹13.11 lakhs (previous year: ₹11.55 lakhs)

Registered Office & Contact

38, S/F, Near MCD Park, Mohammadpur, New Delhi, India, 110066

Registrar & Share Transfer Agent

KFin Technologies Limited

Selenium Tower B, Plot Nos. 31 & 32, Financial District, Nanakramguda, Serilingampally Mandal, Hyderabad - 500032

Bankers

Punjab National Bank