Company Overview

Document Dates: September 02, 2026 & May 30, 2026

Financial Performance Highlights

Standalone Financials (₹ in Crores):

  • Revenue from operations: ₹200.04 Cr (FY25: ₹168.84 Cr)
  • Profit after tax: ₹134.49 Cr (FY25: ₹117.52 Cr)
  • Total comprehensive income: ₹135.10 Cr (FY25: ₹115.50 Cr)

Consolidated Financials (₹ in Crores):

  • Revenue from operations: ₹218.76 Cr (first time crossing ₹200 Cr milestone)
  • Profit after tax: ₹14.84 Cr (FY25: ₹11.76 Cr)
  • Basic earnings per share: ₹7 (standalone), ₹8.13 (consolidated)

Major Order Wins & Business Developments

Power Distribution:

  • Secured ₹173.34 Cr orders from Ajmer Vidyut Vitran Nigam Limited (AVVNL) for distribution infrastructure development in Rajasthan under DISCOM/RDSS scheme
  • Execution timeline of 15-18 months for RDSS projects

Airport Infrastructure:

  • Secured ₹57.89 Cr worth of orders from Nyati Engineers for electrical works at Udaipur Air Terminal, Rajasthan (five significant EPC contracts)

Solar EPC Expansion:

  • 5 MW (AC) solar power project valued at ₹17.07 Cr as reference project
  • Strategic association with Greaves Cotton Limited as channel partner for DG set sales in Gujarat

Strategic Initiatives & Capital Structure

Manufacturing Integration:

  • Increased stake in Peaton Electricals Company Limited (PECL) to 60% from 15.24% through additional acquisition of 44.76%
  • PECL became a material subsidiary, providing Siemens-certified switchboards, unitized substations, and electrical panels
  • Investments surged to ₹1,593.14 lakh from ₹67.66 lakh in previous year

Equity Capital Changes:

  • Allotted 36,86,000 equity shares upon conversion of warrants in nine tranches between July 2025 and March 2026
  • Paid-up equity share capital increased from ₹17.48 Cr to ₹21.17 Cr
  • Original issue of 50,96,000 warrants fully converted by March 19, 2026

Borrowings & Liabilities:

  • Non-current borrowings stood at ₹522.72 lakh, comprising secured term loans from banks (₹295.09 lakh)
  • Current borrowings were ₹1,812.80 lakh
  • Contingent liabilities stood at ₹339.03 lakh, comprising tax demands and bank guarantees

Corporate Governance & Compliance

Board & Management:

  • Ms. Daisy Mehta appointed as Company Secretary & Compliance Officer effective April 3, 2026
  • M/s. Nisarg Sharma & Associates appointed as Secretarial Auditor
  • M/s. Mayur Chhaganbhai Undhad & Co. appointed as Cost Auditor for FY2027

Regulatory Matters:

  • NSE issued advisory regarding delay in creation of lock-in on warrants and minor consideration shortfall
  • No monetary penalty imposed
  • Auditors issued unqualified opinion on both standalone and consolidated financial statements

AGM Business Items:

  • 42nd AGM scheduled for September 25, 2026
  • Items include adoption of financial statements, re-appointment of director, ratification of auditor remuneration, approval of ESOP scheme 2026 for 200,000 options, and related party transactions with Peaton Electricals

Operational Metrics & Outlook

  • 51+ years of experience in electrical infrastructure with 100+ team members
  • ₹500 Cr+ bidded tender pipeline with ₹390 Cr+ worth ongoing work as of March 31, 2026
  • 310+ successfully delivered projects including 35+ airport electrification projects
  • 20,000+ km of HT & LT lines laid and 1,00,000+ households electrified
  • CSR expenditure of ₹19.50 lakhs during FY2025-26
  • No dividend recommended for FY2025-26

The company maintains a going concern basis with operational and financial support from promoter companies, while forward-looking statements remain subject to economic conditions, industry dynamics, and regulatory requirements.