Key Quantitative Figures
- Total Income for FY 2025-26: ₹2,431.85 lakhs (Previous Year: ₹1,727.08 lakhs)
- Profit Before Tax: ₹430.33 lakhs (Previous Year: ₹69.70 lakhs)
- Profit After Tax: ₹293.82 lakhs (Previous Year: ₹31.34 lakhs)
- Depreciation: ₹68.70 lakhs (Previous Year: ₹99.19 lakhs)
- Paid-up Equity Share Capital: ₹11,220.90 lakhs (112,209,042 shares of ₹1 each)
- Recommended Final Dividend: 0.5% or ₹0.005 per equity share
- Record Date for Dividend: Saturday, 19th September 2026
- Dividend Amount: ₹56.10 lakhs (approx.)
Dates of Action
- Annual General Meeting (AGM): Wednesday, 30th September 2026 at 11:30 AM IST
- AGM Mode: Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
- Book Closure: 24th September 2026 to 30th September 2026 (both days inclusive)
- Remote E-Voting Period: 27th September 2026 (9:00 AM) to 29th September 2026 (5:00 PM)
- Dividend Payment: To be made within 30 days of AGM approval
Parties Involved
- Stock Exchanges: BSE Limited, National Stock Exchange of India Limited
- Registrar & Share Transfer Agent: MCS Share Transfer Agent Limited
- Statutory Auditors: M/s. S. V. Agrawal & Co., Chartered Accountants
- Secretarial Auditor: Mrs. Rupal Patel, Practicing Company Secretary
- Scrutinizer for E-Voting: Mrs. Rupal Patel
- E-Voting Agency: National Securities Depository Limited (NSDL)
- Key Managerial Personnel:
- Mr. Harsh Shah (Managing Director)
- Mrs. Pinki Nirmal Sagar (CFO & Executive Director)
- Mr. Vijay Amulwani (Company Secretary & Compliance Officer, resigned w.e.f. 15.06.2026)
- Ms. Arpita Kabra (Company Secretary & Compliance Officer, appointed w.e.f. 15.06.2026)
Business to be Transacted at AGM
Ordinary Business
1. Adoption of Audited Financial Statements for FY 2025-26 and Reports of Directors and Auditors.
2. Declaration of final dividend @ 0.5% (₹0.005 per share) for FY 2025-26.
3. Re-appointment of Mrs. Pinki Nirmal Sagar (DIN: 08113318) as an Executive Director, who retires by rotation.
Special Business
4. Approval for disposal of the whole or substantially the whole of the undertaking of the company situated in Gujarat, under Section 180(1)(a) of the Companies Act, 2013. The undertaking is described as non-income generating and not utilized in business operations. The Board is authorized to determine the scope, consideration, and terms of disposal.
Financial and Operational Impact
- The dividend payout, if approved, will result in a cash outflow of approximately ₹56.10 lakhs.
- The proposed disposal of the Gujarat undertaking is stated to have no adverse impact on revenue-generating operations, as the asset is non-income generating. The financial impact of the disposal is not quantified in the disclosure and will depend on the terms finalized by the Board.
- The company's financial performance shows a significant improvement in profitability compared to the previous year.
Capital Structure Impact
- The paid-up capital increased significantly due to the issuance of 33,66,28,500 bonus shares in the ratio of 3:2 and a sub-division (split) of the face value from ₹2 to ₹1 per share, approved in the previous financial year.
- The authorized share capital was increased from ₹50.00 crores to ₹113.00 crores.
Corporate Governance and Compliance
- The report includes the mandatory Directors' Report, Management Discussion & Analysis, Corporate Governance Report, and Secretarial Auditor's Report.
- The Secretarial Audit Report confirms general compliance with applicable laws, with no material non-compliances reported.
- The company has affirmed compliance with the Code of Conduct by all Board Members and Senior Management.
- No fraud was reported by the Statutory Auditors under Section 143(12) of the Companies Act, 2013.
Forward-Looking Statements
The Management Discussion & Analysis highlights the company's focus on infrastructure projects, participation in government tenders, and a positive outlook on the sector driven by government initiatives. The company intends to explore joint venture opportunities for larger contracts.