Date: August 11, 2026

Board Meeting Outcomes

The Board of Directors meeting was held on August 11, 2026, commencing at 04:30 PM (IST) and concluding at 05:35 PM (IST). The Board approved the following:

1. Unaudited Standalone Financial Results of the Company for the Quarter ended June 30, 2026

2. The financial results were reviewed and recommended by the Audit Committee

Financial Results (Standalone)

Quarterly Performance (₹ in lakhs)

Income Statement:

  • Revenue from Operations: 12,163.19 (Q1 FY2027) vs 8,886.11 (Q1 FY2026) - 36.9% increase YoY
  • Other Income: 79.26 vs 58.28
  • Total Income: 12,242.45 vs 8,944.39

Expenses Breakdown:

  • Cost of Material Consumed: 5,435.00 vs 4,152.37
  • Project Related expenses: 4,354.78 vs 2,622.23
  • Employee benefits expense: 643.19 vs 802.57
  • Finance costs: 128.32 vs 150.54
  • Depreciation and amortization expense: 26.87 vs 34.89
  • Other expenses: 252.79 vs 107.28
  • Total Expenses: 10,840.95 vs 7,869.88

Profitability:

  • Profit before tax: 1,401.50 vs 1,074.51
  • Tax expense: 349.58 (Current tax: 264.86, Deferred tax: 84.72) vs 239.83
  • Profit for the period: 1,051.92 vs 834.68 - 26.0% increase YoY
  • Other Comprehensive Income: 12.77 vs (10.43)
  • Total Comprehensive Income: 1,064.69 vs 824.25

Earnings per Share:

  • Basic EPS: ₹3.18 vs ₹3.39 (Face value of ₹10 each)
  • Diluted EPS: ₹3.18 vs ₹3.39
  • EPS is not annualized for the quarter

Capital Structure:

  • Paid up Equity Share Capital: 3,424.50 vs 60.00 (significant increase due to IPO)
  • Other equity: Not specified for current quarter

Comparative Figures

  • Previous quarter (Q4 FY2026): Revenue 17,462.21, Net profit 1,665.26
  • Full year FY2026: Revenue 44,916.49, Net profit 4,002.06

Operational Disclosures

Segment Information:

  • The Company operates in a single business segment: "EPC Service" comprising Various types of EPC Contracts & Operation and Maintenance Services Contracts
  • No separate reportable segments as per Ind AS 108

Project Variability Note:

  • Revenue, costs, and profits can vary widely between reported quarters due to progress of individual projects
  • Quarterly results may not be directly comparable and should be viewed in context of overall project pipeline

IPO Utilization

The Company completed initial public offer (IPO) in FY2026-27 of 85,75,000 equity shares of face value of ₹10 each at issue price of ₹175 per share:

  • Fresh issue: 75,75,000 shares
  • Offer for sale: 10,00,000 shares by selling shareholders
  • Listing date: April 17, 2026 on NSE and BSE

Utilization of Fresh Issue Proceeds:

  • Gross proceeds from fresh issue: ₹13,256.25 lakhs
  • IPO expenses: ₹1,193.76 lakhs
  • Net proceeds received: ₹12,062.49 lakhs

Specific Utilization (as of June 30, 2026):

  • Funding capital expenditure towards purchase of machinery and equipment: ₹112.94 lakhs (45.56% of allocated ₹248.00 lakhs)
  • Pre-payment/repayment of outstanding borrowings: ₹2,500.00 lakhs (100% of allocated ₹2,500.00 lakhs)
  • Funding long-term working capital: ₹5,500.00 lakhs (100% of allocated ₹5,500.00 lakhs)
  • General Corporate Purposes: ₹281.82 lakhs (10.03% of allocated ₹2,810.82 lakhs)
  • Total utilized: ₹8,394.76 lakhs
  • Unutilized balance: ₹3,667.73 lakhs

Strategic Actions

Subsidiary Incorporation:

  • Board approved incorporation of subsidiary in India on July 06, 2026
  • Proposed name: "OPTL Green Energy Private Limited" (subject to statutory approval)
  • Subject to receipt of statutory and regulatory approvals

Accounting Policy Changes

Depreciation Method Change:

  • Changed method from Written Down Value (WDV) to Straight Line Method (SLM) effective April 01, 2025
  • Applied prospectively as change in accounting estimate under Ind AS 8
  • Resulted in reduction in depreciation charge for quarter ended March 31, 2026