Board of Directors

  • Mr. Rajnish Chopra - Managing Director (DIN: 07183037)
  • Mr. Abhishek Chopra - Whole-Time Director
  • Mrs. Anjali Chopra - Non-Executive Director
  • Mrs. Kamna Sharma - Independent Director
  • Mr. Tanuj Kumar Saxena - Independent Director

Key Managerial Personnel

  • Mr. Shiva Nigam - Company Secretary & Compliance Officer (appointed August 1, 2025)
  • Mr. Ashutosh Mishra - Chief Financial Officer (appointed June 23, 2025)

Auditors

  • Statutory Auditor: Panchal S K & Associates, Chartered Accountants (Firm Registration No.: 145989W)
  • Internal Auditor: M/s. BRS & Co., Chartered Accountants (Firm Registration No.: 039191C)

Registrar & Share Transfer Agent

Maashitla Securities Private Limited, New Delhi

Financial Highlights (Standalone) for FY 2025-26

  • Revenue from Operations: ₹117.01 crore (FY25: ₹102.56 crore) - 14.09% growth
  • Total Income: ₹118.06 crore (FY25: ₹103.50 crore)
  • Profit Before Tax: ₹17.88 crore (FY25: ₹11.65 crore)
  • Profit After Tax: ₹14.42 crore (FY25: ₹7.64 crore) - 88.69% growth
  • Basic EPS: ₹10.60 (FY25: ₹5.94)
  • Transfer to Reserves: ₹14.42 crore

Share Capital

  • Authorized Share Capital: ₹20.00 crore (2,00,00,000 equity shares of ₹10 each)
  • Issued, Subscribed and Paid-up Capital: ₹13.83 crore (1,38,26,999 equity shares of ₹10 each)

Changes in Share Capital During FY 2025-26

The company allotted equity shares on preferential basis:

  • 4,18,000 equity shares at ₹72 per share (including premium of ₹62) aggregating ₹3.01 crore on August 26, 2025
  • 35,000 equity shares at ₹72 per share aggregating ₹25.20 lakh on August 30, 2025
  • 70,000 equity shares at ₹72 per share aggregating ₹50.40 lakh on September 11, 2025

IPO and Listing Details

The company successfully completed its Initial Public Offering:

  • IPO Opening Date: April 6, 2026
  • IPO Closing Date: April 8, 2026
  • Listing Date: April 13, 2026
  • Listing Platform: BSE SME
  • Fresh Issue: 60,00,000 equity shares of ₹10 each at ₹80 per share aggregating ₹48.00 crore

Business Overview

The company operates as an Engineering, Procurement and Construction (EPC) company delivering integrated solutions across:

1. Power Transmission & Distribution (substations up to 400kV AIS and 220kV GIS)

2. Renewable Energy (solar power plants)

3. Fire Protection Systems

4. EV Charging Infrastructure

5. Institutional Infrastructure (healthcare construction)

The company primarily caters to government entities and undertakings, including state and central government power utilities.

Notice of 11th Annual General Meeting

The 11th AGM will be held on September 26, 2026, at 4:00 PM at Hotel Clarks Avadh, Lucknow through physical mode only.

Ordinary Business:

1. Adoption of audited standalone financial statements for FY 2025-26

2. Re-appointment of Mr. Rajnish Chopra as Director retiring by rotation

Special Business:

3. Revision of Remuneration of Mr. Rajnish Chopra, Managing Director

  • Fixed remuneration of up to ₹80.00 lakh per annum effective July 1, 2026 for 3 years
  • Performance incentive/commission of 2% of net profits
  • Minimum remuneration provision in case of no profits/inadequate profits
  • Requires special resolution approval

4. Appointment of Secretarial Auditors

  • M/s. MMA & Partners, Practicing Company Secretaries (FRN: P2015UP081000)
  • For 5 consecutive financial years from FY 2026-27 to FY 2030-31
  • Remuneration to be mutually agreed

Management Discussion & Analysis

  • The company has evolved from fire protection specialist to diversified engineering company
  • Strong growth in revenue (14.09%) and profitability (88.69%)
  • Successful IPO completion and listing on BSE SME platform
  • Focus on power transmission, renewable energy, and institutional infrastructure
  • Competitive strengths include technical expertise, government relationships, and diversified offerings

Corporate Social Responsibility

  • CSR obligation for FY 2025-26: ₹16.41 lakh (2% of average net profit)
  • Actual CSR expenditure: ₹19.00 lakh
  • Focus areas: promoting education, environmental sustainability
  • Implemented through ECOLIFE FOUNDATION (CSR00001426)

Other Key Disclosures

  • Dividend: No dividend declared for FY 2025-26
  • IEPF: No unclaimed dividends or shares requiring transfer to IEPF
  • Loans from Directors: Mr. Rajnish Chopra - Loan taken ₹2.96 crore, repaid ₹1.01 crore, balance ₹2.66 crore
  • Internal Financial Controls: Adequate and operating effectively
  • Fraud Reporting: No instances of fraud reported by auditors
  • Related Party Transactions: In compliance with applicable laws
  • Sexual Harassment: No complaints received during the year

Subsequent Events

Post March 31, 2026, the company completed its IPO in April 2026, raising ₹48.00 crore through fresh issue of 60,00,000 equity shares. This is considered a non-adjusting event per AS-4.