Anand Projects Ltd

Anand Projects Limited — Closure of Trading Window from 1 October 2026 till the expiry of 48 hours after declaration of the unaudited Financial Result for the Second Quarter ending 30 September 2026 of the financial year 2026-27.

Board and KMP re-appointments

• Re-appoint Rajesh Kumar Sharma as Whole-Time Director (KMP) for 23 Dec 2026–22 Dec 2031.
• Rajesh Kumar Sharma has extensive experience in Finance and Indirect Taxation.
• Rajesh Kumar Sharma is not related to existing directors, KMP, or promoters.
• Re-appoint Manish Sharma as Independent Director for second five-year term 23 Dec 2026–22 Dec 2031.
• Manish Sharma has finance, accounting, and business management background.
• Manish Sharma is not related to existing directors or promoters.

AGM outcomes

• AGM conducted Aug 26, 2026, at Anand Residency; quorum and attendance satisfactory.
• Standalone and Consolidated financial statements for year ended Mar 31, 2026 adopted.
• Re-appointment of Rajesh Kumar Sharma as Director on rotation and as Whole-time Director approved.
• Approval for material related party transactions with the Company's Associate Company.
• Re-appointment of Rajesh Kumar Sharma as Whole-time Director, KMP, approved.
• Re-appointment of Manish Sharma as Independent Director for a second term of five years approved.
• Amit Kansal appointed Scrutinizer; e-voting results to be declared on receipt of report.
• Results to be placed on the company's website and with stock exchanges within 48 hours.

AGM Details

• AGM held Aug 26, 2026, 10:30–11:00 AM; physical meeting with e-voting; show of hands; no poll.

Resolutions

• Adoption of standalone and consolidated financial statements; passed unanimously.
• Re-appointment of Rajesh Kumar Sharma as Director (retiring by rotation); passed unanimously.
• Approval for material related party transactions with Associate Company; passed unanimously.
• Re-appointment of Rajesh Kumar Sharma as Whole-time Director (KMP); passed unanimously.
• Re-appointment of Manish Sharma as Independent Director for second 5-year term; passed unanimously.

Voting Outcomes

• All resolutions passed unanimously by show of hands.
• E-voting results to be declared after Scrutinizer report.

Director/KMP Changes

• Rajesh Kumar Sharma reappointed as Director (retiring by rotation).
• Rajesh Kumar Sharma reappointed as Whole-time Director (KMP).
• Manish Sharma reappointed as Independent Director for second five-year term.

Scrutinizer & Proceedings

• Amit Kansal, PCS, appointed Scrutinizer for e-voting and ballot voting.

Financial performance

• Standalone total income ₹570.43 lakh; prior year ₹319.42 lakh.
• Standalone total expenses ₹592.45 lakh; prior year ₹584.54 lakh.
• Standalone PBT before tax ₹-22.02 lakh.
• Prior year PBT before tax ₹-265.12 lakh.
• Standalone net loss after tax ₹-58.15 lakh; prior year ₹-946.91 lakh.
• Consolidated total income ₹570.43 lakh; consolidated net loss ₹57.81 lakh.
• No dividend declared for FY2025-26.
• Paid-up capital ₹93.43 lakh (₹0.93 crore); 9,34,290 equity shares.
• Debt-free; no borrowings or credit facilities.

Capital structure & liquidity

• Company remains debt-free with no external borrowings.
• Equity capital details: ₹93.43 lakh across 9,34,290 shares of ₹10 each.
• Dividend for the year: none declared.

Related party transactions

• Material related party transaction with associate Ojas Industries valued at ₹1,500 crore.
• Transactions to be carried out at arm's length in the ordinary course.
• Aggregate outstanding value not to exceed ₹1,500 crore at any time.
• Members' Ordinary Resolution sought; omnibus approvals valid up to next AGM (15 months).

Board and management changes

• Rajesh Kumar Sharma re-appointed as Whole-Time Director (KMP) for 5 years from 23-12-2026 to 22-12-2031.
• Manish Sharma re-appointed as Independent Director for a second 5-year term (2026-2031).
• Mrs. Pranjali Gupta appointed Company Secretary on 10-08-2025; Neeraj Khari resigned 31-05-2025.
• Board as of 31-03-2026: Rajesh Sharma, Om Parkash Verma, Manish Sharma, Neha Sharma.
• Independent directors met once in 2025-26 without management.

Associate company performance

• Ojas Industries Private Limited holds 49.50% stake (9,900 shares).
• Investment in associate: ₹99,000; associate not consolidated.
• Ojas total income ₹43.72 crore; net profit after tax ₹25.68 crore.

CSR and governance

• CSR policy and committee in place; expenditure for year Nil.
• CSR committee chaired by Manish Sharma; other members include Rajesh Sharma, Neha Sharma, Omparkash Verma.
• CSR policy available on company website; Annexure-V appended.

Audit, controls & compliance

• Statutory auditors: Chopra Vimal & Co.; five-year appointment till 2028.
• Secretarial auditor: Amit Kansal; five-year appointment till 2030.
• Stand-alone audit and governance certificates largely unqualified.
• ERP system lacks audit trail feature; noted in notes to accounts.
• Tax disputes noted: income tax and GST/UP VAT demands outstanding.

Outlook & risks

• EPC focus on 1980 MW Lalitpur project; positive customer response.
• Outlook: intention to grow order book through EPC contracts.
• Risks include regulatory changes, price volatility, liquidity, currency movements, and competition.

Record date for e-voting entitlement

• Cut-off date for e-voting entitlement is Wednesday, August 19, 2026.
• E-voting is facilitated via CDSL on evotingindia.com.

Book closure for AGM

• Book closure from 20 August 2026 to 26 August 2026 (inclusive).
• Purpose: attendance at the 91st Annual General Meeting.
• AGM date: 26 August 2026.

AGM Details

• AGM date and venue: 26 August 2026 at Anand Residency, Lalitpur, U.P.; mode: physical.

Book Closure

• Register of Members and Share Transfer Books closed 20–26 August 2026 (inclusive).