Key Quantitative Figures

Standalone Financial Results (Quarter Ended 30 June 2026):

  • Revenue from Operations: ₹3,490.82 lakh
  • Total Income: ₹3,490.82 lakh (Revenue from Operations) + ₹51.69 lakh (Other Income) = ₹3,542.51 lakh
  • Total Expenses: ₹1,589.92 lakh
  • Profit before tax: ₹1,900.90 lakh
  • Tax Expense: ₹398.54 lakh
  • Profit for the period: ₹1,502.36 lakh
  • Basic EPS: ₹1.23
  • Diluted EPS: ₹1.23

Consolidated Financial Results (Quarter Ended 30 June 2026):

  • Revenue from Operations: ₹3,506.45 lakh
  • Total Income: ₹3,506.45 lakh (Revenue from Operations) + ₹29.72 lakh (Other Income) = ₹3,536.17 lakh
  • Total Expenses: ₹1,675.50 lakh
  • Profit before tax: ₹1,860.67 lakh
  • Tax Expense: ₹395.76 lakh
  • Profit for the period: ₹1,464.91 lakh
  • Basic EPS: ₹1.20
  • Diluted EPS: ₹1.20

Subsidiary Performance:

  • Prasad Earth Movers Private Limited (wholly owned subsidiary) reported:
  • Total revenue: ₹15.64 lakh
  • Net loss after tax: ₹37.45 lakh
  • Total comprehensive income: ₹Nil

Fundraising Proposal

  • Board approved proposal to raise funds up to USD 65 million (or equivalent in other currencies)
  • To be raised through issuance of equity shares and/or other eligible securities
  • Methods include preferential issue, qualified institutions placement, FCCBs, convertible securities, warrants or any other permissible mode
  • Requires shareholder approval via postal ballot

Postal Ballot Items

1. Approve raising of funds and issuance of securities through QIP and/or FCCB and/or ECB and/or any other permissible modes

2. Increase in investment limits for Foreign Portfolio Investors and Non-Resident Indians/overseas citizens of India

Committee Reconstitution

Audit Committee:

  • Mr. Vishal Patil (Independent Director) - Chairman
  • Ms. Payal Bafna (Independent Director) - Member
  • Mr. Anand Bhagwan Soman (Independent Director) - Member

Nomination and Remuneration Committee:

  • Mr. Vishal Patil (Independent Director) - Chairman
  • Ms. Payal Bafna (Independent Director) - Member
  • Mr. Anand Bhagwan Soman (Independent Director) - Member

Stakeholders Relationship Committee:

  • Mr. Vishal Patil (Independent Director) - Chairman
  • Mr. Anand Bhagwan Soman (Independent Director) - Member
  • Mr. Ayush Jasani (Managing Director) - Member

Auditor Review

  • Statutory auditors M/s. P H H A D & Co. LLP issued limited review reports
  • Unmodified conclusion on both standalone and consolidated financial results
  • Review conducted in accordance with Standard on Review Engagements (SRE) 2410
  • Date of review report: 30th July, 2026

Meeting Details

  • Board meeting held on 30 July, 2026
  • Commenced at 5:00 p.m. and concluded at 9:30 p.m.
  • Previous intimation letter dated 27th July, 2026