Key Decisions Approved

1. Financial Results Approval

  • Approved unaudited standalone and consolidated financial results for quarter ended June 30, 2026 (Q1 FY27)
  • Results prepared pursuant to Regulation 33(3) of Listing Regulations
  • Limited Review Reports from auditors Brahmayya & Co. included for both standalone and consolidated results

2. Employee Stock Option Plan (ESOP)

  • Approved new ESOP plan for granting stock options to eligible employees of the company and its subsidiaries
  • Total options proposed: Not exceeding 10,00,000 (Ten Lakh) options convertible into equal number of equity shares of ₹10 each
  • Exercise price determined by Nomination and Remuneration Committee between 10-25% of market price on grant date
  • Minimum vesting period: 1 year from grant date
  • Overall vesting period: 3-5 years with staggered vesting
  • Exercise period: 2 years from respective vesting date
  • Subject to shareholder and regulatory approvals
  • Plan complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021

3. Director Resignation

  • Mrs. Sajja Lakshmi (DIN: 00068991) resigned as Non-Executive and Non-Independent Director
  • Effective from close of business hours on August 8, 2026
  • Reason: Personal pre-occupations and other unavoidable commitments
  • Board accepted resignation and recorded appreciation for her contributions

4. Board Committee Changes

  • Re-constitution of various committees of the Board (specific committees not detailed)
  • Dissolution of Investment Committee

Financial Performance Highlights (Quarter Ended June 30, 2026)

Standalone Results (₹ in Crores)

  • Revenue from operations: ₹1,147.71 (vs ₹905.27 in Q1 FY26, +26.8% YoY)
  • Total income: ₹1,178.89 (vs ₹922.21 in Q1 FY26, +27.8% YoY)
  • Profit before tax: ₹120.98 (vs ₹70.71 in Q1 FY26, +71.1% YoY)
  • Net profit: ₹95.66 (vs ₹49.79 in Q1 FY26, +92.1% YoY)
  • EPS: ₹30.26 (vs ₹15.75 in Q1 FY26)

Consolidated Results (₹ in Crores)

  • Revenue from operations: ₹1,623.68 (vs ₹1,293.41 in Q1 FY26, +25.5% YoY)
  • Total income: ₹1,632.36 (vs ₹1,304.78 in Q1 FY26, +25.1% YoY)
  • Profit before tax: ₹126.38 (vs ₹135.59 in Q1 FY26, -6.8% YoY)
  • Net profit: ₹89.33 (vs ₹80.55 in Q1 FY26, +10.9% YoY)
  • EPS: ₹25.23 (vs ₹16.61 in Q1 FY26)

Subsidiary and Joint Venture Details

The consolidated results include financial information from numerous subsidiaries and joint ventures:

Indian Subsidiaries (10 companies)

  • Total revenue: ₹200.12 crores for Q1 FY27
  • Total net loss after tax: ₹9.86 crores for Q1 FY27
  • These were reviewed by their respective auditors

Overseas Subsidiaries (3 companies)

  • Total revenue: ₹2.91 crores for Q1 FY27
  • Total profit after tax: ₹0.19 crores for Q1 FY27
  • Total comprehensive income: ₹0.34 crores for Q1 FY27
  • Not reviewed by auditors

Joint Ventures and Associates

  • 4 Indian JVs with share of profit after tax: ₹Nil for Q1 FY27 (not reviewed by auditors)
  • 2 overseas associates and 3 overseas JVs with Group's share of net loss: ₹0.01 crores for Q1 FY27 (not reviewed by auditors)

Meeting Details

  • Board meeting commenced at 2:30 PM IST and concluded at 6:40 PM IST on August 8, 2026
  • Information made available on company website: https://powermechprojects.com/power-mech-financial-results/

Auditor Information

  • Brahmayya & Co., Chartered Accountants (Firm Regn. No. 000513S)
  • Partner: Karumanchi Rajaj (Membership No. 202309)
  • Provided limited review reports for both standalone and consolidated financial results
  • Conclusion: No material misstatements found in the financial results