AGM Details

  • Date and Time: Saturday, 26th September 2026 at 11:45 AM IST
  • Mode: Video Conferencing/Other Audio-Visual Means (VC/OAVM)
  • Cut-off date for e-voting: Saturday, 19th September 2026
  • Remote e-voting period: Tuesday, 22nd September 2026 (09:00 AM) to Friday, 25th September 2026 (05:00 PM)
  • E-voting website: www.evoting.nsdl.com

Document Availability

The Notice of AGM and Annual Report are available on the company's website at https://www.lesgroup.in and have been circulated to shareholders electronically. Physical copies were sent to members without registered email addresses.

Financial Highlights (FY 2025-26 vs FY 2024-25)

  • Revenue from Operations: ₹152.34 crore (↑13.1% from ₹134.66 crore)
  • Profit After Tax: ₹19.58 crore (↑20.7% from ₹16.22 crore)
  • Total Income: ₹163.48 crore (↑19.0% from ₹137.37 crore)
  • EBITDA: ₹34.16 crore (↑33.9%)
  • Earnings Per Share: ₹1.83 (↑16.6% from ₹1.57)
  • Net Worth: ₹72.84 crore (↑36.8% from ₹53.26 crore)
  • Total Assets: ₹166.72 crore (↑11.8% from ₹149.17 crore)

Business Overview

Leapfrog Engineering Services Limited (ISO9001:2015) is engaged in engineering, procurement, construction, and commissioning (EPCC) with specialized focus on electrical, instrumentation, fire safety, modular substation and automation systems. The company serves diverse industries including Oil and Gas, Food processing, Pharma, Metals, with operations across India and internationally in Kuwait, Bahrain, Abu Dhabi, and Oman.

IPO and Listing Details

The company successfully completed its Initial Public Offering comprising:

  • Fresh Issue: 3,46,08,000 equity shares aggregating ₹795.98 lakh
  • Offer for Sale: 38,76,000 equity shares by promoter aggregating ₹89.15 lakh
  • Issue Price: ₹23 per share (face value ₹1, premium ₹22)
  • Total Issue Size: ₹885.13 lakh
  • Listing Date: 24th June 2026 on BSE SME Platform

Order Book Position

As on March 31, 2026, the company had an order book of approximately ₹384.03 crore, providing visibility for future growth.

AGM Agenda Items

Ordinary Business

1. Adoption of Financial Statements: To receive, consider and adopt audited financial statements for FY 2025-26

2. Reappointment of Director: Mrs. Sapna Raghavendra (DIN: 08914356) retires by rotation and seeks reappointment

3. Appointment of Auditors: To appoint M/s. GRSM & Associates, Chartered Accountants as statutory auditors for 5 years from conclusion of 21st AGM

Special Business

4. Appointment of Secretarial Auditor: To appoint Mr. Sudhir Vishnupant Hulyalkar as Secretarial Auditor for 5 years from FY 2026-27 to FY 2030-31

5. Borrowing Powers Approval: To approve borrowing powers of Board under Section 180(1)(c) up to ₹200 crore outstanding at any time

6. Creation of Security: To approve creation of mortgage/charge on company assets under Section 180(1)(a) to secure borrowings

Corporate Actions

  • Dividend: No dividend recommended for FY 2025-26 to conserve financial resources for working capital requirements
  • Reserves: No amount transferred to reserves for FY 2025-26
  • Share Capital: No changes in authorized, issued, subscribed and paid-up share capital during the year

Board Composition and Changes

The Board comprises 6 Directors:

  • 3 Executive Directors (including Managing Director)
  • 1 Non-Executive Director (Chairman)
  • 2 Non-Executive Independent Directors

Key Managerial Personnel:

  • Mr. Prabhav Narasimha Rao (Managing Director)
  • Mrs. Priyashaila Prabhav Rao (Whole-time Director)
  • Mrs. Sapna Raghavendra (Whole-time Director & CFO)
  • Mrs. Sneha Hegde (Company Secretary & Compliance Officer)

Committee Structure

The company has constituted the following committees:

  • Audit Committee
  • Nomination and Remuneration Committee
  • Stakeholders' Relationship Committee
  • Risk Management Committee
  • Corporate Social Responsibility Committee
  • Borrowing and Investment Committee

Corporate Social Responsibility (CSR)

  • CSR Expenditure: ₹50.54 lakh during FY 2025-26
  • Focus Area: Promoting education
  • Key Initiative: Provided two school buses to facilitate safe transportation for students
  • CSR Committee: Comprises Managing Director, Whole-time Director & CFO, and Independent Director

Related Party Transactions

All related party transactions were in ordinary course of business and at arm's length. Significant transactions included:

  • Purchase of goods/services from Leapfrog Automation and Control Systems: ₹1,048.77 lakh
  • Purchase of goods/services from Bigleap Ventures & Consultancy Services: ₹488.82 lakh
  • Rent payments to related parties: ₹78.21 lakh

Key Ratios (FY 2025-26 vs FY 2024-25)

  • Current Ratio: 1.73 (1.50)
  • Debt-Equity Ratio: 0.44 (0.38)
  • Return on Equity: 31.06% (25.31%)
  • Inventory Turnover Ratio: 22.63 (15.74)
  • Net Profit Margin: 12.86% (12.05%)

Employee Strength

As on March 31, 2026, the company had 111 permanent employees and 46 contractual personnel, totaling 157 personnel.

Foreign Exchange Transactions

  • Export Earnings: ₹111.36 crore
  • Expenditure in Foreign Currency: ₹22.13 crore
  • Import of Raw Materials: ₹10.97 crore

Risk Factors Identified

  • Project execution and contractual risks
  • Working capital and liquidity risks
  • Customer and geographic concentration risks
  • Foreign exchange risks
  • Procurement and supply chain risks

Future Outlook

The company is progressing with its proposed assembly unit in Bengaluru (estimated cost ₹27.00 crore) to strengthen manufacturing capabilities. With a healthy order book and expanded capabilities, the company is optimistic about sustaining growth momentum.

Compliance Status

The Directors confirm compliance with applicable Secretarial Standards issued by ICSI. The Secretarial Audit Report does not contain any qualifications or adverse remarks.

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