Company Overview
Technocraft Ventures Limited is a multidisciplinary public infrastructure development company specializing in turnkey EPC government projects primarily focusing on Wastewater Treatment and Water Supply fields. The company was incorporated in 1998 and converted from private to public company in June 2024.
Financial Performance Highlights
For FY26, the company reported strong financial results with revenue from operations reaching ₹34,499.55 lakhs, representing a 23.4% increase from FY25. Net profit after tax surged 53.6% to ₹4,331.50 lakhs, while earnings per share improved to ₹14.39 from ₹9.37 in the previous year. The company maintained a healthy current ratio of 1.74 and reduced its debt-equity ratio to 0.55 from 0.73.
Capital Structure Changes
The Board approved a 3:1 bonus share issue in May 2025, increasing the issued capital from ₹752.53 lakhs to ₹3,010.12 lakhs. The authorized share capital was increased to ₹40,00,00,000. Promoter holding remained strong with Kartikey Constructions holding 83.02% as of March 31, 2026. The company completed its IPO with 95,05,000 equity shares listed on BSE and NSE, raising approximately ₹51.51 crores.
Annual General Meeting
The 28th AGM is scheduled for September 30, 2026, through video conference to approve financial statements, reappoint directors and auditors, and declare a final dividend of ₹1.50 per share. Remote e-voting will be available from September 27-29, 2026.
Contingent Liabilities and Disputes
Contingent liabilities surged to ₹997.93 lakhs from ₹313.47 lakhs, primarily due to GST disputes including a significant ₹346.70 lakh Uttar Pradesh differential rate case (12% vs 18%) for supplies to U.P. Jal Nigam, currently stayed by the Allahabad High Court. Other disputes include income tax demands of ₹76.81 lakhs and additional GST cases totaling ₹921.12 lakhs across Rajasthan and Uttar Pradesh jurisdictions.
Related Party Transactions
The company engaged in substantial related party transactions, including taking loans of ₹1,997 lakhs from directors and their relatives during FY26. Outstanding balances to directors stood at ₹835.71 lakhs (Sanjay Tyagi), ₹977.19 lakhs (Rekha Tyagi), and ₹105.32 lakhs (Kartikey Tyagi) as of March 31, 2026. All transactions were conducted at arm's length price.
Corporate Social Responsibility
CSR expenditure for FY26 was ₹33.38 lakhs against a requirement of ₹54.00 lakhs, with ₹19.54 lakhs deposited in a CSR account. Activities focused on procurement and installation of RO water purification systems and semi-underground waste collection bins supporting public health and environmental sustainability.
Accounting Transition and Auditors
The company transitioned to Ind AS accounting standards from April 1, 2024, resulting in adjustments to equity and comprehensive income. M/s Rishi Kapoor & Company served as statutory auditors with audit fees of ₹17.10 lakhs for FY26, proposed for reappointment for 5 years.
Financial Position and Borrowings
Total borrowings stood at ₹8,976.37 lakhs with secured loans from multiple banks including HDFC, ICICI, and Punjab National Bank. Property, plant and equipment had a net carrying value of ₹758.90 lakhs with additions of ₹139.08 lakhs during the year. Trade receivables amounted to ₹11,797.61 lakhs net of allowance for expected credit losses of ₹38.84 lakhs.