Telge Projects FY26 Revenue Rises 22% Post-IPO

Financial Performance Highlights

Standalone Financials (₹ in Lakhs)

Revenue from operations: ₹2,057.46 (FY26) vs ₹1,688.31 (FY25) - 22% increase
Other Income: ₹53.38 (FY26) vs ₹54.24 (FY25)
Total Income: ₹2,110.84 (FY26) vs ₹1,742.55 (FY25)
EBITDA: ₹477.89 (FY26) vs ₹625.11 (FY25)
Profit Before Tax: ₹332.45 (FY26) vs ₹458.33 (FY25)
Profit After Tax: ₹242.64 (FY26) vs ₹345.72 (FY25)
EPS: ₹2.86 (FY26) vs ₹34.16 (FY25)

Consolidated Financials (₹ in Lakhs)

Revenue from operations: ₹4,021.03 (FY26) vs ₹2,561.17 (FY25) - 57% increase
Profit After Tax: ₹627.42 (FY26) vs ₹541.73 (FY25)
EPS: ₹7.00 (FY26) vs ₹51.59 (FY25)

Capital Structure Changes

Share Capital

Authorized Share Capital: ₹10.00 crore divided into 1 crore equity shares of ₹10 each
Paid-up Share Capital: ₹9.79 crore divided into 97,90,148 equity shares of ₹10 each as of March 31, 2026

Bonus Issue

Issued 61,67,784 bonus equity shares in ratio of 6:1 on June 26, 2025
Approved by shareholders in EGM dated June 26, 2025

Initial Public Offering (IPO)

Successfully completed IPO on October 3, 2025
Issued 25,94,400 equity shares of face value ₹10 each at price of ₹105 per share (including premium of ₹95)
Total proceeds: ₹27.24 crore
Listed on BSE SME Platform with symbol 'TELGE'

IPO Proceeds Utilization (as of March 31, 2026)

| Office premises purchase | 895 | 395 | 0 | 395 |

| Computers/software | 244 | - | 244 | 0 |

| Manpower hiring | 418 | - | 31 | 387 |

| Subsidiary investment | 486 | - | 0 | 486 |

| General corporate purposes | 404 | - | 404 | 0 |

| Acquisitions | - | 500 | 0 | 500 |

| Total | 2,446 | - | 679 | 1,767 |

Unutilized amount of ₹17.67 crore kept in scheduled bank

Subsidiary Companies

As of March 31, 2026, the company has four subsidiaries:

1. Telge Global Inc (formerly Telge Projects Inc) - 90.86% owned, acquired Dec 23, 2023

2. Midwest Detailing LLC - Wholly owned step-down subsidiary, acquired Jan 18, 2024

3. Draftco Inc - Wholly owned step-down subsidiary, acquired Dec 27, 2024

4. Edward Farr Architects Inc - Wholly owned step-down subsidiary, acquired Mar 3, 2026

Business Overview

Telge Projects is an integrated Building Information Modelling (BIM) company serving Architecture, Engineering, and Construction (AEC) industry with:

260+ team members
2000+ projects delivered
7+ delivery centers
90+ clients served across 10+ countries
Services include Structural Engineering, BIM Solutions, Construction Documentation, Estimation Services

Operational Highlights

ISO 9001:2015 certified company
Expanded North American market presence through acquisitions
Entered Architecture and Design services segment
Increased delivery capacity
Enhanced global client relationships
Continued investments in digital engineering and automation

Board of Directors

Mrs. Shraddha Shailesh Telge: Chairman, Managing Director and CEO (DIN: 08052730)
Mr. Vishal Uttam Telge: Non-Executive Director (DIN: 06770397)
Mrs. Priti Vishal Telge: Non-Executive Director (DIN: 10590892) - Retiring by rotation
Mr. Ravi Pandurang Pandit: Independent Director (DIN: 0613006)
Mr. Avinash Suresh Sachdev: Independent Director (DIN: 07896671) - Appointed April 29, 2025

Key Managerial Personnel

Mr. Vinayak Sahebrao Mane: Chief Financial Officer (appointed May 12, 2025)
Ms. Namrata Vijay Bang: Company Secretary and Compliance Officer (appointed July 16, 2026)

Dividend

No dividend recommended for FY26 to conserve resources for working capital and business expansion

AGM Details

9th Annual General Meeting: September 15, 2026 at 11:30 AM IST
Mode: Video Conferencing/Other Audio-Visual Means
Cut-off date for e-voting: September 11, 2026
Remote e-voting period: September 12, 2026 (9:00 AM) to September 14, 2026 (5:00 PM)

Related Party Transactions

Transactions with subsidiaries undertaken at arm's length basis
Form AOC-2 provided in Annexure B of Board's Report
Special resolutions for FY27 transactions with Telge Global Inc and Draftco Inc proposed at AGM

Risk Factors

Client concentration risk with significant business from US market
Talent availability and retention challenges
Technology and cybersecurity risks
Foreign exchange exposure on overseas contracts
Competitive industry with fast-changing technology platforms

Internal Controls

Adequate internal financial controls system operating effectively as confirmed by statutory auditors

Human Resources

221 permanent employees as of March 31, 2026 (167 in previous year)
Focus on employee engagement, training, and development
ESOP plan approved for up to 1,00,000 options

Corporate Governance

Voluntarily disclosed corporate governance practices though exempt as SME listed company