A2Z Infra Engineering Ltd

MD and CEO Re-appointment

• Type: Re-appointment of Amit Mittal as Managing Director and CEO.
• Effective from 1 January 2027 for a three-year term to 31 December 2029.
• Profile: Amit Mittal, B.Tech Civil from IIT Roorkee; 35+ years in PM.
• Current role: MD cum CEO; leads strategy and operations.
• Relation: Dipali Mittal is his spouse.
• Not debarred: Not debarred by SEBI or other authorities.
• Approval: Shareholders approved at the 25th AGM.

Auditor re-appointment

• Re-appointment of MRKS & Associates as Statutory Auditors for a second five-year term.
• Term from conclusion of the 25th AGM to conclusion of the 30th AGM.
• MRKS & Associates: Delhi-based CA firm with 15+ years' multi-industry audit and assurance experience.
• Firm Registration No. 023711N.
• Client base includes telecom, real estate, manufacturing, and other sectors.
• Disclosure: No relationship with other directors or KMP.

AGM Details

• Date: 26 September 2026; time 12:00 PM to 1:08 PM IST; mode: VC/OAVM.
• Record date for voting: 19 September 2026.
• Held via WebEx/NSDL webcast; attendance through VC.

Key Resolutions

• Ordinary: Adoption of standalone financial statements with reports of Board and Auditors.
• Ordinary: Adoption of consolidated financial statements with Auditors' report.
• Ordinary: Appointment of Arun Gaur as Director by rotation.
• Ordinary: Re-appointment of MRKS & Associates as statutory auditors and remuneration.
• Ordinary: Re-appointment of Amit Mittal as Managing Director.
• Ordinary: Appointment of branch auditors for offices outside India.
• Ordinary: Ratification of remuneration to Cost Auditor.
• Special business: none.

Voting Results

• Adoption of standalone financials approved with near-unanimous support.
• Adoption of consolidated financials approved with near-unanimous support.
• Director appointment by rotation approved; minimal dissent observed.
• Statutory auditors re-appointed; remuneration fixed.
• MD re-appointment approved; no material opposition noted.
• Branch auditors appointed; approved with majority support.
• Cost auditor remuneration ratified; approved.

Dividend

• No dividend proposed or declared at this AGM.

Director Changes

• Arun Gaur appointed/re-appointed as Director by rotation.
• Amit Mittal re-appointed as Managing Director.

Auditor Appointments

• MRKS & Associates re-appointed as Statutory Auditor; remuneration to be fixed.
• Branch auditors appointed for overseas offices.

A2Z Infra Engineering Limited - Trading window closed from October 1, 2026 until 48 hours after the declaration of unaudited standalone and consolidated financial results for the Quarter (Q2) and half year ending September 30, 2026

AGM notice and annual report access

• Letters dispatched to shareholders without registered emails providing web-link and access path to FY 2025-26 Annual Report.
• AGM for the 25th year scheduled on 26 September 2026 at 12:00 PM IST via VC/OAVM.
• Electronic copies of Notice and Annual Report sent to registered emails; others receive web-links.
• Web-links to Annual Report and Notice available on company website, NSDL, BSE, and NSE.
• Key e-voting dates: start Sept 23, 2026; end Sept 25, 2026; cut-off Sept 19, 2026.
• Physical copy requests for the Annual Report may be sent to the Company/RTA.
• Authorized signatory: Atul K. Agarwal, Company Secretary.

Financial snapshot

• Consolidated turnover rose to INR 38,643.79 lakh, up 14.92% YoY.
• PAT stood at INR 523.61 lakh; total comprehensive income INR 544.71 lakh.
• EBITDA (consolidated) reported at INR 868 lakh.
• Earnings per share (basic) at INR 0.25; diluted also INR 0.25.
• Net worth: INR 4,947.36 lakh; debt/equity 1.94; gearing 65.11%.
• Current ratio 0.83; cash and equivalents INR 352.24 lakh.
• Total assets INR 46,066.85 lakh; total liabilities INR 42,864.49 lakh.
• Dividend: Board did not declare any dividend for FY2025-26.
• Capital expenditure INR 167.55 lakh; major ESOP activity in FY26.
• Consolidated segment mix: ES revenue INR 11,439.15 lakh; FMS INR 21,854.32 lakh; MSW INR 9,305.82 lakh.

Segment performance

• Engineering Services revenue INR 11,439.15 lakh; segment loss INR -396.07 lakh.
• Facility Management Services revenue INR 21,854.32 lakh; segment profit INR 1,122.05 lakh.
• Municipal Solid Waste revenue INR 9,305.82 lakh; segment profit INR 383.74 lakh.
• Other segment revenue INR 15.64 lakh; segment loss INR -1.96 lakh.
• Overseas exposure includes Nepal, Uganda, Tanzania; ESOPs extended in 2026.

Balance sheet highlights

• Paid-up equity capital INR 17,611.99 lakh; authorised capital INR 24,000 lakh.
• Net worth at INR 4,947.36 lakh; non-controlling interest NIL in the period.
• Total assets INR 46,066.85 lakh; total liabilities INR 42,864.49 lakh.
• Net debt INR 9,233.67 lakh; gearing 65.11%.

Cash flows & liquidity

• Cash flow from operating activities: negative INR 1,661.45 lakh for FY26.
• Investing cash flow: INR +1,109.36 lakh; financing: INR -0.50 lakh (net).
• Net decrease in cash and equivalents: INR -46.75 lakh; year-end cash INR 352.24 lakh.
• OTS with lenders: March 2026 ongoing debt-reduction; February 2026 settlement with Indian Bank for ~INR 50 crore.

Audit flags, risks & governance

• Auditors MRKS & Associates issued disclaimer of opinion on standalone and consolidated due to going-concern uncertainties and NPAs.
• Post-reporting date: Managing Director Amit Mittal faced judicial custody; bail granted; management states no adjustment required.
• Company pursuing one-time settlements and liquidity improvements; risk disclosures emphasize macro, customer concentration, and debt-reduction actions.
• Dividend not declared; ESOP plans in place with substantial outstanding options.

Capital management & ownership

• ESOPs: multiple plans (2013/2014 and 2018) with substantial options; May 2026 issue of 14,02,500 options.
• Promoter shareholding: Amit Mittal ~15.53%; Mestric Consultants 12.61%; public holding ~71.86%.
• Subsidiaries include A2Z Infraservices, A2Z Powercom, Mansi Bijlee & Rice Mills, among others; 9 direct, 18 associates.
• Tax position: deferred tax assets not recognised in many losses; ongoing tax litigations noted.

MD/CEO Re-appointment

• Re-appointment of Amit Mittal as Managing Director and CEO for three years.
• Effective from 1 January 2027 to 31 December 2029, subject to shareholder approval.
• Approved on recommendation of the Nomination and Remuneration Committee.
• Profile: IIT Roorkee BTech Civil; 35+ years in project management across power, oil, infra.
• Spouse: Dipali Mittal, Non-Executive Non-Independent Director.
• Not debarred from holding office by SEBI or other authorities.
• Shareholders' approval at AGM on Sep 26, 2026 required.