Summary of Key Information:

Reporting Period: Quarter and Financial Year ended March 31, 2026

Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI LODR

Audit Opinion:

Unmodified Opinion (Clean)

Key Financial Highlights [Amount in ₹ million]:

Standalone Results:

For Year Ended March 31, 2026:

  • Revenue from Operations: ₹1,202.01 crore (vs. ₹546.32 crore in FY25)
  • Total Income: ₹1,252.72 crore (vs. ₹558.50 crore in FY25)
  • Net Profit: ₹132.67 crore (vs. ₹87.64 crore in FY25)
  • EPS: ₹16.47 (Basic & Diluted) (vs. ₹12.15 in FY25)
  • Other Equity: ₹8,206.50 crore (vs. ₹2,760.00 crore in FY25)
  • Cash and Cash Equivalents: ₹226.48 crore (vs. ₹100.70 crore in FY25)

For Quarter Ended March 31, 2026:

  • Revenue from Operations: ₹511.50 crore
  • Total Income: ₹531.59 crore
  • Net Profit: ₹50.09 crore
  • EPS: ₹5.78 (Basic & Diluted)

Consolidated Results:

For Year Ended March 31, 2026:

  • Revenue from Operations: ₹1,376.16 crore (vs. ₹544.77 crore in FY25)
  • Total Income: ₹1,416.07 crore (vs. ₹551.09 crore in FY25)
  • Net Profit: ₹120.47 crore (vs. ₹77.05 crore in FY25)
  • EPS: ₹14.95 (Basic & Diluted) (vs. ₹10.68 in FY25)
  • Other Equity: ₹8,044.61 crore
  • Cash and Cash Equivalents: ₹29.17 crore (vs. ₹11.09 crore in FY25)

For Quarter Ended March 31, 2026:

  • Revenue from Operations: ₹591.81 crore
  • Total Income: ₹606.95 crore
  • Net Profit: ₹49.06 crore
  • EPS: ₹5.68 (Basic & Diluted)

Segment-wise Performance:

The company operates in two segments:

1. Engineering, Procurement and Construction (EPC) Contracts

2. Manufacturing

Consolidated Segment Revenue for FY26:

  • EPC Contracts: ₹670.26 crore
  • Manufacturing: ₹823.00 crore
  • Total: ₹1,493.26 crore

Consolidated Segment Results for FY26:

  • EPC Contracts Profit: ₹64.38 crore
  • Manufacturing Loss: ₹(13.47) crore

Corporate Actions:

No dividend declarations, share splits, bonus issues, or buybacks announced in this meeting.

Other Significant Information:

IPO Details:

  • Completed IPO on September 30, 2025
  • Total issue size: ₹4,900 million (₹4,400 million fresh issue + ₹500 million offer for sale)
  • Issue price: ₹351 per equity share (face value ₹5 each)
  • Pre-IPO proceeds: ₹1,100 million
  • Total proceeds: ₹5,500 million
  • Offer expenses: ₹283.22 million
  • Net proceeds: ₹5,216.78 million

IPO Proceeds Utilization as at March 31, 2026:

  • Investment in subsidiary KSPL for Pandhuana Project: ₹420.00 crore (fully utilized)
  • General Corporate Purpose: ₹101.68 crore (₹101.66 crore utilized, ₹0.02 crore unutilized)
  • Unutilized IPO proceeds temporarily invested in fixed deposits

SJVN Green Energy Dispute:

  • EPC contracts for 100 MW and 260 MW solar projects (aggregate value ₹4,592.19 million) suspended since FY25
  • Bank guarantees of ₹137.77 million furnished to SJVN
  • Company filed petition before Hon'ble High Court of Delhi challenging invocation of bank guarantees
  • Matter referred to Dispute Adjudication Board, proceedings in progress
  • Company has filed claims of ₹2,193.35 million including retention amounts, dues for supplied materials, compensation costs, and loss of profits
  • Bank guarantees extended up to July 31, 2026
  • ₹515.06 million recognized as receivables considered fully recoverable

Labour Code Implementation:

Government of India notified New Labour Codes effective November 21, 2025. Financial impact is not material. Related rules are yet to be notified.

New Joint Venture:

During the year, the company incorporated Zentrix PV Labs Private Limited as a joint venture to engage in manufacturing business activities focused on renewable energy.