Key Decisions and Financial Results

1. Unaudited Financial Results for Q1 FY27

The Board approved the unaudited financial results for the quarter ended June 30, 2026:

Consolidated Results (₹ in millions):

  • Revenue from operations: ₹6,972.00 (Q1 FY26: ₹5,437.16)
  • Other income: ₹31.87 (Q1 FY26: ₹12.00)
  • Total income: ₹7,003.87 (Q1 FY26: ₹5,449.16)
  • Profit before tax: ₹476.72 (Q1 FY26: ₹460.99)
  • Profit after tax: ₹350.95 (Q1 FY26: ₹335.96)
  • Basic EPS: ₹6.34 (Q1 FY26: ₹6.07)
  • Diluted EPS: ₹6.33 (Q1 FY26: ₹6.06)

Standalone Results (₹ in millions):

  • Revenue from operations: ₹4,822.75 (Q1 FY26: ₹3,657.58)
  • Other income: ₹21.88 (Q1 FY26: ₹17.42)
  • Total income: ₹4,844.63 (Q1 FY26: ₹3,675.00)
  • Profit before tax: ₹464.21 (Q1 FY26: ₹354.44)
  • Profit after tax: ₹342.66 (Q1 FY26: ₹262.33)
  • Basic EPS: ₹6.19 (Q1 FY26: ₹5.85)

The results were reviewed by the Audit Committee and subjected to limited review by statutory auditors Walker Chandiok & Co LLP.

2. ESOP Grant under Rossari Employee Stock Option Plan - 2019

The Board approved grant of 4000 stock options under ESOP 2019:

  • Exercise price: ₹531 per option
  • Vesting schedule: 20% after 1st year, 20% after 2nd year, 20% after 3rd year, 40% after 4th year
  • Exercise period: 5 years from vesting date
  • Total potential shares: 4000 equity shares of ₹2 face value each

3. Equity Share Allotment under ESOP 2019

The Board approved allotment of 2500 equity shares of ₹2 each fully paid to grantees upon exercise of options:

  • Exercise price per share: ₹425
  • Premium per share: ₹423
  • Distinctive numbers: 55391617 to 55394116
  • Post-allotment paid-up capital: ₹11,07,88,232 consisting of 55,394,116 equity shares
  • Shares rank pari passu with existing equity shares

4. Subsidiary Restructuring - Transfer of Rossari International Limited Company

The Board approved transfer of 100% shareholding in Rossari International Limited Company (RILC) to Rossari (Singapore) Pte. Ltd.:

  • RILC financial contribution (as of March 31, 2026):
  • Turnover: ₹0.22 crores (0.009% of total)
  • Net worth: ₹22.425 crores (1.68% of total)
  • Consideration: ~₹24 crores for 9,000 shares of face value SAR 1,000 each
  • Expected completion: By March 31, 2027
  • Conditions: Execution of Share Purchase Agreement and approvals from Saudi Arabian authorities
  • Transaction classified as related party transaction but conducted at arm's length
  • No material impact on consolidated financial position expected

Capital Structure Impact

The equity share allotment increased issued share capital from ₹11,07,77,232 to ₹11,07,88,232 and number of shares from 55,393,866 to 55,394,116.

Auditor Review

The financial results were subjected to limited review by Walker Chandiok & Co LLP, who issued unmodified review reports for both standalone and consolidated results.