Key Decisions and Approvals
1. Approval of Audited Financial Statements
- The Board approved Audited Financial Statements (Standalone and Consolidated) for the quarter and financial year ended March 31, 2026
- Financial statements were reviewed by the Audit Committee on May 14, 2026
- Compliance with Indian Accounting Standards (Ind-AS) and Regulation 33(3) of SEBI LODR Regulations
- The Board did not recommend any dividend for the period
- Audit reports were submitted with unmodified opinions (free from qualifications)
2. Appointment of Internal Auditor
- Mr. Vijay Langoo appointed as Internal Auditor for financial year 2026-27
- Appointment date: May 26, 2026
- Term: One year
- Profile: B.Sc. from Kashmir University (1992), over 35 years of accounting experience, over a decade in internal audit
- Compliance with Section 138 of Companies Act, 2013 and SEBI Listing Regulations
3. Appointment of Cost Auditor
- M/s Verma Khushwinder & Co., Cost Accountants appointed as Cost Auditors for FY 2026-27
- Lead partner: Mr. Khushwinder Verma (Fellow member of Institute of Cost Accountants of India)
- Appointment date: May 26, 2026
- Term: One year
- Firm in practice since August 2013, with expertise in cost audit, cost control, and management accounting
- Compliance with Section 148(3) of Companies Act, 2013 and SEBI Listing Regulations
Meeting Details
- Board meeting held on May 26, 2026
- Started at 10:00 AM and concluded at 11:30 AM
Financial Performance Highlights (Standalone)
Balance Sheet (as at March 31, 2026)
- Total Assets: ₹68,908.15 lakh (vs. ₹39,662.60 lakh in FY25)
- Property, Plant and Equipment: ₹20,727.00 lakh (vs. ₹7,180.32 lakh)
- Investments: ₹8,119.38 lakh (vs. ₹790.88 lakh)
- Inventories: ₹4,611.21 lakh (vs. ₹8,506.67 lakh)
- Cash and Cash Equivalents: ₹2,501.72 lakh (vs. ₹2,815.97 lakh)
- Other Bank Balances: ₹9,095.57 lakh (vs. ₹8,562.62 lakh)
- Equity Share Capital: ₹2,294.42 lakh (unchanged)
- Other Equity: ₹32,895.77 lakh (vs. ₹24,337.86 lakh)
- Borrowings (Non-current): ₹3,420.05 lakh (vs. ₹945.61 lakh)
- Borrowings (Current): ₹9,645.32 lakh (vs. ₹2,678.93 lakh)
Statement of Profit & Loss (Year ended March 31, 2026)
- Revenue from operations: ₹84,971.17 lakh
- Other income: ₹667.45 lakh
- Total Income: ₹85,638.62 lakh
- Total expenses: ₹73,963.93 lakh
- Profit before tax: ₹11,674.69 lakh
- Tax expense: ₹3,116.77 lakh (Current tax: ₹2,703.77 lakh, Deferred tax: ₹413.00 lakh)
- Profit for the year: ₹8,557.91 lakh
- Earnings per share: Basic ₹37.31, Diluted ₹37.31
Cash Flow Statement (Year ended March 31, 2026)
- Cash from operating activities: ₹13,702.46 lakh
- Cash used in investing activities: ₹(22,561.49) lakh
- Cash from financing activities: ₹8,544.78 lakh
- Net decrease in cash: ₹(314.25) lakh
- Cash at beginning: ₹2,815.97 lakh
- Cash at end: ₹2,501.72 lakh
Consolidated Financial Performance
Consolidated Balance Sheet (as at March 31, 2026)
- Total Assets: ₹99,454.88 lakh (vs. ₹40,763.28 lakh in FY25)
- Total Equity: ₹41,289.98 lakh (including Non-controlling Interests of ₹4,179.97 lakh)
Consolidated Statement of Profit & Loss (Year ended March 31, 2026)
- Revenue from operations: ₹1,02,557.33 lakh
- Other income: ₹874.79 lakh
- Total Income: ₹1,03,432.11 lakh
- Profit before tax: ₹15,098.53 lakh
- Profit for the year: ₹11,101.80 lakh
- Earnings per share: Basic ₹48.39, Diluted ₹48.39
Subsidiary and Joint Venture Performance
Key subsidiaries and their financial performance for FY26:
- ECI SRM Projects: Total Income ₹1,923.01 lakh, PAT ₹24.81 lakh
- SRM Rajinder Projects: Total Income ₹14,498.27 lakh, PAT ₹597.34 lakh
- SRM RSB Projects: Total Income ₹1,779.27 lakh, PAT ₹63.16 lakh
- SAI SRM Projects (Joint Venture): PAT ₹0.62 lakh