Board Meeting Details

The 03/2026-27 Meeting of the Board of Directors was held on Saturday, May 30, 2026, from 04:30 P.M. to 05:30 P.M. The board confirmed the minutes of the last meeting and approved the audited financial results for the financial year ended March 31, 2026, along with the auditor's report.

Financial Results Overview

Income Statement (Year Ended March 31, 2026)

  • Revenue from Operations: ₹11,701.47 lakhs (₹10,256.03 lakhs in FY25)
  • Other Income: ₹104.44 lakhs (₹94.18 lakhs in FY25)
  • Total Income: ₹11,805.91 lakhs (₹10,350.21 lakhs in FY25)
  • Cost of Materials Consumed: ₹8,124.64 lakhs (₹7,853.64 lakhs in FY25)
  • Employee Benefits Expense: Not separately quantified in annual columns
  • Finance Cost: ₹921.20 lakhs (₹601.18 lakhs in FY25)
  • Depreciation and Amortization: ₹37.18 lakhs (₹31.60 lakhs in FY25)
  • Other Expenses: ₹649.13 lakhs (₹447.79 lakhs in FY25)
  • Total Expenses: ₹10,017.98 lakhs (₹9,185.40 lakhs in FY25)
  • Profit Before Tax: ₹1,787.93 lakhs (₹1,164.81 lakhs in FY25)
  • Tax Expenses: ₹345.55 lakhs (₹400.41 lakhs in FY25)
  • Current Tax: ₹443.45 lakhs
  • Deferred Tax: ₹3.57 lakhs
  • Earlier Year Tax Adjustment: ₹(101.47) lakhs
  • Net Profit for the Year: ₹1,442.38 lakhs (₹764.41 lakhs in FY25)

Half-Yearly Results (Six Months Ended March 31, 2026)

  • Revenue from Operations: ₹7,320.32 lakhs
  • Other Income: ₹55.51 lakhs
  • Total Income: ₹7,375.83 lakhs
  • Total Expenses: ₹6,590.88 lakhs
  • Profit Before Tax: ₹784.95 lakhs
  • Tax Expenses: ₹96.41 lakhs
  • Net Profit for the Period: ₹688.54 lakhs

Earnings Per Share

  • Basic EPS (Annualized): ₹10.60 (₹5.94 in FY25)
  • Diluted EPS (Annualized): ₹10.60 (₹5.94 in FY25)
  • Basic EPS (Half-Year, Not Annualized): ₹5.06
  • Diluted EPS (Half-Year, Not Annualized): ₹5.06

Balance Sheet Position (As at March 31, 2026)

Equity and Liabilities

  • Equity Share Capital: ₹1,382.70 lakhs (₹1,330.40 lakhs in FY25)
  • Reserves and Surplus: ₹4,493.06 lakhs (₹2,726.43 lakhs in FY25)
  • Total Shareholders' Funds: ₹5,875.76 lakhs (₹4,056.83 lakhs in FY25)
  • Long Term Borrowings: ₹483.24 lakhs (₹569.64 lakhs in FY25)
  • Deferred Tax Liabilities (Net): ₹6.40 lakhs (₹2.83 lakhs in FY25)
  • Long-term Provisions: ₹23.22 lakhs (₹23.33 lakhs in FY25)
  • Short Term Borrowings: ₹4,429.31 lakhs (₹2,814.83 lakhs in FY25)
  • Trade Payables: ₹58,371.05 lakhs
  • Micro and Small Enterprises: ₹172.47 lakhs
  • Other Creditors: ₹58,198.58 lakhs
  • Other Current Liabilities: ₹2,608.29 lakhs (₹1,873.36 lakhs in FY25)
  • Short Term Provisions: ₹618.70 lakhs (₹305.24 lakhs in FY25)
  • Total Liabilities: ₹19,588.46 lakhs

Assets

  • Property, Plant and Equipment: ₹439.03 lakhs
  • Other Non-Current Assets: ₹1,440.84 lakhs
  • Long-term Loans and Advances: ₹3.58 lakhs (₹4.80 lakhs in FY25)
  • Total Non-Current Assets: ₹1,883.45 lakhs (₹1,974.51 lakhs in FY25)
  • Inventories: ₹1,275.68 lakhs (₹1,202.05 lakhs in FY25)
  • Trade Receivables: ₹15,870.93 lakhs (₹8,732.46 lakhs in FY25)
  • Cash and Cash Equivalents: ₹22.09 lakhs (₹3.54 lakhs in FY25)
  • Short-term Loans and Advances: ₹526.20 lakhs (₹11.61 lakhs in FY25)
  • Other Current Assets: ₹10.11 lakhs (₹64.26 lakhs in FY25)
  • Total Current Assets: ₹17,705.01 lakhs

Cash Flow Statement (Year Ended March 31, 2026)

  • Cash from Operating Activities: ₹(1,121.98) lakhs (₹(1,003.57) lakhs in FY25)
  • Cash from Investing Activities: ₹157.10 lakhs (₹(881.20) lakhs in FY25)
  • Cash from Financing Activities: ₹983.43 lakhs (₹1,374.33 lakhs in FY25)
  • Net Change in Cash: ₹18.55 lakhs (₹(10.45) lakhs in FY25)
  • Cash at Beginning: ₹3.54 lakhs (₹13.99 lakhs in FY25)
  • Cash at End: ₹22.09 lakhs (₹3.54 lakhs in FY25)

Key Notes and Disclosures

  • The financial results were reviewed by the Audit Committee and approved by the Board of Directors
  • Statutory Auditors M/s. Panchal SK & Associates issued an unmodified opinion on the financial results
  • The company is exempt from adopting Ind AS as it is listed on the SME Exchange
  • Business activity: Engineering, Procurement and Construction (EPC) services including installation of substations, solar plants, fire protection systems and related infrastructure projects
  • The management considers these activities as a single reportable segment
  • Figures for previous periods have been regrouped/rearranged/reclassified where necessary

Related Party Transactions

Key management personnel and transactions for the year ended March 31, 2026:

  • Rajnish Chopra (Director and CEO): Remuneration ₹34.00 lakhs, Loan Taken ₹296.56 lakhs, Loan Repaid ₹100.69 lakhs, Reimbursement of Expenses ₹16.13 lakhs, Amount Payable ₹262.19 lakhs
  • Anjali Chopra (Director): Remuneration ₹1.10 lakhs
  • Shiva Nigam (Company Secretary): Salary ₹1.40 lakhs
  • Ashutosh Mishra (CFO): Reimbursement of Expenses ₹9.34 lakhs, Salary ₹3.44 lakhs

Certifications and Declarations

  • CFO Ashutosh Mishra certified under Regulation 33(2) that the financial results do not contain any false or misleading statements
  • Managing Director Rajnish Chopra declared under Regulation 33(3)(d) that statutory auditors issued an unmodified opinion on the standalone annual audited financial statements