Detailed Summary

Annual General Meeting Details

  • Date: Wednesday, September 16, 2026
  • Time: 03:00 P.M. (IST)
  • Mode: Video Conference/Other Audio-Visual Means without physical presence
  • Cut-off date for e-voting: September 09, 2026
  • Remote e-voting period: September 13, 2026 (9:00 AM) to September 15, 2026 (5:00 PM)
  • E-voting during AGM: From commencement till conclusion of AGM

Financial Performance Highlights (FY 2025-26)

  • Revenue from Operations: ₹17,169.06 lakh (₹171.69 crore), up 11.39% from FY25 (₹15,413.62 lakh)
  • Net Profit: ₹3,723.36 lakh (₹37.23 crore), up 6.89% from FY25 (₹3,483.22 lakh)
  • EBITDA: ₹5,100 lakh (₹51.00 crore)
  • Order Book: ₹61,500 lakh (₹615 crore) across 130+ projects
  • Debt-to-Equity Ratio: 0.21 (improved from 0.52 in FY25)
  • Cash and Cash Equivalents: ₹2,844.80 lakh (₹284.48 crore)
  • Earnings Per Share: Basic ₹26.30, Diluted ₹28.85

Dividend Declaration

  • Recommended final dividend of 16% (₹1.60 per equity share of face value ₹10 each)
  • Record date: Wednesday, June 03, 2026
  • Dividend payout would result in cash outflow of ₹228.68 lakh

Corporate Actions

Board Changes:

  • Reappointment of Mr. Bhartesh Rajkumar Shah (DIN: 01176236) as Whole-Time Director
  • Reappointment of Mrs. Usha Sunil Kokare (DIN: 10498061) as Executive Director
  • Designation change of Mrs. Usha Sunil Kokare from Executive Director to Whole-Time Director for 5 years with effect from September 16, 2026, with remuneration not exceeding ₹90 lakh per year

Auditor Appointments:

  • Appointment of M/s. KJL & Associates as Secretarial Auditors for 5 years commencing FY 2026-27
  • Statutory Auditors: C R Sagdeo & Co., Chartered Accountants (unmodified opinion)
  • Internal Auditor: Mr. Anuj Shashikumar Bajoria

Operational Highlights

Business Verticals:

  • Transportation (Railways and Highways): 48% of order book
  • Water Solutions & Hydraulic Engineering: Growing contributor with improved margins
  • Geospatial Consulting: Transitioned from support function to standalone business segment
  • Energy & Utility Integration: Steady performance

Key Projects:

  • ₹13,000 lakh rate contract with Northern Railway for engineering surveys and land acquisition management (36 months)
  • Land acquisition and design consultancy for Somnath-Dwarka Expressway packages exceeding ₹10,000 lakh
  • Project management services for Ghorpadi (Pune) and Wadi Bunder (Mumbai) depots under Vande Bharat network

Technology Adoption:

  • Implemented Trimble GEDO CE 2.0 trolley systems for railway track geometry audits
  • Used MX-9 mobile mappers reducing highway survey timelines by approximately 35%
  • LiDAR, drone-based mapping, and GIS capabilities enhanced

Strategic Development: GMR Acquisition

  • Completed acquisition of GM & FE Ryan Pty Ltd, Trustee of GMR Engineering Services Unit Trust, Australia
  • Transaction value: AUD 1.81 million
  • Provides entry into Australian infrastructure consulting market with panel relationships with VicRoads, regional water authorities, Parks Victoria, CFA, and Department of Transport & Planning
  • GMR reported FY2025 revenue of approximately AUD 1.8 million with debt-free balance sheet

Capital Structure and IPO Utilization

  • Authorized Share Capital: ₹25,00,00,000 (2,50,00,000 equity shares of ₹10 each)
  • Paid-up Share Capital: ₹14,15,60,000 (1,41,56,000 equity shares of ₹10 each)
  • IPO Proceeds Utilization (₹93.75 crore raised in July 2025):
  • Funding Capital Expenditure: ₹4.76 crore utilized of ₹31.99 crore allocated
  • Working Capital Requirements: ₹14.15 crore utilized of ₹30.00 crore allocated
  • General Corporate Purposes: ₹0.16 crore utilized of ₹22.81 crore allocated
  • Issue Expenses: ₹8.24 crore utilized of ₹8.95 crore allocated
  • Unutilized Balance: ₹66.43 crore held in fixed deposits

Corporate Governance

  • Board comprises 1 Managing Director, 3 Whole-Time Directors, 3 Independent Directors, and 1 Executive Director
  • 23 Board meetings held during FY26
  • Committees: Audit, Nomination and Remuneration, Stakeholders Relationship, CSR, Executive, and POSH
  • Whistle-blower mechanism established under Vigil Mechanism Policy

CSR Activities

  • CSR expenditure: ₹66.00 lakh (exceeding requirement of ₹64.80 lakh)
  • Contributions to: Bahujan Bahuuddesiya Gramin Vikas (₹5 lakh), NAAM Foundation (₹6 lakh), Ifellow Foundation (₹55 lakh)

Key Ratios

  • Current Ratio: 6.31 (1.71 in FY25)
  • Return on Equity: 16.00% (32.00% in FY25)
  • Trade Receivables Turnover: 3.70 (6.30 in FY25)
  • Debtor Days: 113 days
  • Operating Margin: 37% (40% in FY25)

Forward-looking Statements

The report contains forward-looking statements regarding anticipated results based on management's current plans and assumptions, with disclaimer about actual results possibly differing due to risks, uncertainties, and inaccurate assumptions.