Key Quantitative Figures

Financial Performance (FY 2025-26 vs. FY 2024-25)

  • Income: ₹1,555.65 lakhs (Prev. ₹782.50 lakhs)
  • Total Expenditure: ₹1,508.58 lakhs (Prev. ₹775.42 lakhs)
  • Profit Before Tax (PBT): ₹47.07 lakhs (Prev. ₹7.08 lakhs)
  • Current Tax Expense: ₹12.45 lakhs (Prev. ₹1.56 lakhs)
  • Deferred Tax Income: ₹(6.05) lakhs (Prev. Expense ₹2.33 lakhs)
  • Profit for the period: ₹35.23 lakhs (Prev. ₹5.29 lakhs)
  • Earnings Per Share (Basic/Diluted): ₹0.18 (Prev. ₹0.16)

Balance Sheet Position (as at March 31, 2026 vs. March 31, 2025)

  • Share Capital: ₹2,564.75 lakhs (Prev. ₹334.75 lakhs)
  • Reserves and Surplus: ₹1,288.38 lakhs (Prev. ₹974.40 lakhs)
  • Net Worth: ₹3,853.13 lakhs (Prev. ₹1,309.15 lakhs)
  • Non-current Assets: ₹31,714.11 lakhs (Prev. ₹815.23 lakhs)
  • Includes Capital Work-in-Progress of ₹30,682.50 lakhs (Prev. Nil) for a collaboration project.
  • Current Assets: ₹11,660.93 lakhs (Prev. ₹13,239.92 lakhs)
  • Current Liabilities: ₹484.37 lakhs (Prev. ₹96.37 lakhs)
  • Total Assets/Liabilities: ₹4,337.50 lakhs (Prev. ₹1,405.52 lakhs)

Capital Structure

  • Authorized Share Capital: ₹600.00 lakhs (60,000,000 equity shares of ₹10 each)
  • Paid-up Share Capital: ₹256.48 lakhs (25,647,500 equity shares of ₹10 each)
  • Shares held in Demat form: 71.72% with CDSL and 27.91% with NSDL; 0.37% in physical form.

Dates of Action

  • AGM Date: Tuesday, August 25, 2026, at 11:00 A.M.
  • AGM Venue: Maharaja Banquets, A-1/20A, Paschim Vihar, Rohtak Road, New Delhi-110063.
  • Book Closure Date: From Tuesday, August 18, 2026, to Tuesday, August 25, 2026 (both days inclusive).
  • Remote e-Voting Period: Begins on August 22, 2026, at 09:00 A.M. and ends on August 24, 2026, at 05:00 P.M.
  • Cut-off Date for e-Voting: Tuesday, August 18, 2026.
  • Previous Auditor Resignation: M/s. ANSK & Associates resigned effective November 14, 2025.
  • New Auditor Appointment: M/s. Krishan Rakesh & Co. was appointed by the Board on December 12, 2025, to fill the casual vacancy.

Parties Involved

  • Statutory Auditors: M/s. Krishan Rakesh & Co., Chartered Accountants (Firm Regn. No. 009088N)
  • Secretarial Auditor: M/s. Chandan J & Associates, Practicing Company Secretaries
  • Internal Auditor: M/s. Chandni Singla & Associates, Chartered Accountants
  • Registrar and Share Transfer Agent (RTA): Beetal Financial & Computer Services Pvt. Ltd.
  • Bankers: HDFC Bank, Kotak Mahindra Bank, AU Small Finance Bank, HSBC Bank
  • Stock Exchange: BSE Limited
  • Key Managerial Personnel:
  • Mr. Ramanuj Murlinarayan Darak (Whole Time Director)
  • Ms. Kanika Chawla (Company Secretary & Compliance Officer)
  • Mr. Himanshu Gopal (Chief Financial Officer)
  • Board of Directors:
  • Mr. Anand Rai (Executive Director)
  • Mr. Ankan Gupta (Executive Director, proposed as Chairman cum MD)
  • Mrs. Sushma Jain (Independent Director)
  • Mr. Govind Swaroop Mishra (Independent Director)
  • Mrs. Anubha Chauhan (Independent Director, appointed July 7, 2025)
  • Mr. Monendra Srivastava (Independent Director, resigned July 7, 2025)

Purpose & Rationale

  • AGM Notice: To seek shareholder approval on Ordinary and Special Business items as required under the Companies Act, 2013.
  • Financial Statements: To present the audited standalone financial results for adoption by the shareholders.
  • Auditor Appointment: To formally appoint M/s. Krishan Rakesh & Co. as Statutory Auditors for a term of 5 years, following their appointment to fill a casual vacancy.
  • Change in Designation: To appoint Mr. Ankan Gupta as Chairman cum Managing Director for 5 years, effective July 23, 2026, to July 22, 2031, to entrust him with greater executive responsibilities.
  • Alteration of AOA: To amend the Articles of Association to include enabling provisions for Employee Stock Options (ESOPs), Restricted Stock Units (RSUs), Sweat Equity Shares, and other employee share-based benefits.

Financial & Operational Impact (As Disclosed)

  • Capital Impact: The paid-up share capital increased significantly due to the issuance of 2,23,00,000 equity shares during the year.
  • Profitability: The company returned to profitability with a net profit of ₹35.23 lakhs.
  • Project Commitment: The company has a contractual commitment of ₹180.00 crore for a collaboration project, of which ₹30.68 crore has been capitalized as CWIP.
  • Dividend: No dividend was recommended for FY 2025-26; profits are proposed to be ploughed back into the business.
  • Business Focus: The Management Discussion & Analysis highlights the company's strategic focus on the EV charging infrastructure business under its 'MegaCharge' division and CKD charger assembly.

Capital Structure Impact

  • The Preferential Allotment of 2,23,00,000 equity shares resulted in a significant increase in the paid-up capital from ₹334.75 lakhs to ₹2,564.75 lakhs.
  • The change in designation of Mr. Ankan Gupta to Chairman cum Managing Director involves entrusting him with substantial powers of management.

Cash Flow Implications

  • The company generated net cash from operating activities of ₹182.48 lakhs.
  • Significant cash was used in investing activities (₹30,496.01 lakhs), primarily for capital work-in-progress and purchases of property, plant, and equipment.
  • Financing activities generated cash of ₹29,147.41 lakhs, primarily from the issue of equity share capital and proceeds from borrowings.

Forward-Looking Guidance

  • The Management Discussion & Analysis expresses optimism about long-term growth driven by increasing EV adoption, government policy support, and expansion of commercial fleet electrification.
  • The company's long-term objective is to establish 5,000 charging stations across India by 2030.
  • The outlook is subject to factors such as EV adoption rates, regulatory changes, electricity tariffs, competition, and project approvals.