Atlanta Electricals Ltd

Atlanta Electricals Limited closes trading window from 01 October 2026 for unaudited quarterly and half-year results for the quarter and half year ending 30 September 2026; the trading window will open 48 hours after the declaration of the Unaudited Financial Results of the Company.

AGM details

• AGM held on 21 September 2026 at 3:00 PM in physical mode.
• Venue: Madhuban Resort & Spa, Anand-Sojitra Road, Vallabh Vidyanagar, Gujarat.
• Remote e-voting ran 18–20 September 2026; attendees voted in person at AGM.
• Record date for voting: 14 September 2026.

Resolutions and outcomes

• Resolution 1 (Ordinary): Adopt audited financials and consolidated statements; approved.
• Resolution 2 (Ordinary): Appoint Amish Patel as Whole Time Director; approved.
• Resolution 3 (Ordinary): Ratify remuneration of Cost Auditors for 2026-27; approved.
• Resolution 4 (Ordinary): Appoint Secretarial Auditor M/s Nandaniya Joshi & Associates; approved.
• Resolution 5 (Special): Approve ESOS 2026; approved.
• Resolution 6 (Special): Extend ESOS 2026 to holding/subsidiaries/associates; approved.

Appointments and governance

• Directors: Amish Patel appointed, retires by rotation.
• Secretarial Auditor: M/s Nandaniya Joshi & Associates appointed for 2026–27 to 2030–31.
• Cost Auditors remuneration ratified for 2026–27.

ESOS approvals

• ESOS 2026 approved for employees of holding, subsidiary, and associate companies.
• Extend ESOS 2026 to present and future group entities.

AGM Details

• Date/time/venue: 21 Sep 2026, 3:00 PM IST, physical mode at Madhubhan Resort, Anand, Gujarat.
• Remote e-voting facility available; tab voting at AGM.
• Quorum confirmed; meeting properly constituted.
• Chairman presided; Scrutinizer appointed for voting scrutiny.

Key Resolutions

• Adopt audited standalone and consolidated financials for FY2026; reports of Directors and Auditors.
• Appoint Amish Patel as Whole-Time Director, who retires by rotation.
• Ratify remuneration of Cost Auditors for FY2026-27.
• Appoint Nandaniya Joshi & Associates as Secretarial Auditor for five years (2026-31).
• Approve ESOS 2026.
• Extend ESOS 2026 to employees of Holding/Subsidiary/Associate/Group companies (present and future).

Voting Results

• Final results not disclosed; deemed passed on majority; Scrutinizer to report.

Director Changes

• Amish Patel appointed as Whole-Time Director; retirement by rotation.

Auditor Appointments

• Secretarial Auditor appointed for five years (2026-31) — Nandaniya Joshi & Associates.

ESOS and Other Approvals

• ESOS 2026 approved; extended to Holding/Subsidiary/Associate/Group employees.

Meeting Details

• Date: 23 September 2026.
• Nature/Mode: Plant Visit (group, in-person) organized by JP Morgan.

Participants

• Company participants: not disclosed.

Purpose

• Purpose: discuss publicly available information; no UPSI intended.

Additional Notes

• Recording or presentation availability not specified.

AGM and annual report update

• AGM of Atlanta Electricals Limited scheduled for 21 September 2026 at 3:00 PM IST, Anand, Gujarat.
• Electronic copies of AGM notice and FY2025-26 annual report emailed to registered shareholders.
• Shareholders without registered emails will be notified via letter with report access link.
• Annual report available on company website www.aetrafo.com.
• Cut-off date for email registration status was August 21, 2026.
• RTA MUFG Intime India Private Limited is the Registrar & Transfer Agent.

Financial performance

• Standalone revenue ₹1,851.32 cr, up 48.8% YoY.
• Standalone EBITDA ₹346.81 cr; margin 18.73%.
• Standalone PAT ₹217.07 cr; margin 11.73%.
• Consolidated revenue ₹1,867.17 cr; PAT ₹201.79 cr.
• IPO raised ₹400 cr; debt repaid; zero term debt by 31-Mar-2026.
• Renewables revenue share rose to 15.54% in FY26.
• Bank facilities increased to ₹1,320 cr from ₹910 cr.
• Installed capacity expanded to 63,060 MVA across five plants.
• Order book at ₹2,492.61 cr; five-unit utilization improving.

Capacity expansion & operations

• Five units: Anand I (9,360 MVA), Anand II (6,660), Bengaluru III (720), Vadod IV (30,540), Ankhi V (15,780).
• Unit-IV produced 6,960 MVA in seven months (39% annualized).
• Unit-V contributed 580 MVA in about three months.
• FY26 production totaled 22,943 MVA across units.
• Unit-IV approved for 400 kV manufacture by Power Grid (2 Apr 2026).
• First 315 MVA, 400 kV order secured beyond 220 kV class.
• AE Green Energy Park to add ~5,000 MVA capacity (₹65 cr).
• Backward integration: robotic tank & radiator facility (~₹180 cr).
• Export focus set to ~15% of revenue over three years.

IPO, listing & governance

• IPO oversubscribed 70.63x; NSE and BSE listing in Sep 2025.
• Cash proceeds used for working capital and debt repayments; strong balance sheet.
• Seven-member board; 3 executive, 4 independent; 1 independent woman director.
• 12 board meetings; 2 independent director meetings in FY26.
• CEO Akshaykumar Mathur; CFO Mehul Mehta; CS Tejal Panchal.
• ESOS 2026 approved by board; to be put to shareholders; ceiling 7.70 lakh options.

Capital structure & liquidity

• Debt reduced; term loans repaid; net debt-to-equity improving.
• Consolidated gearing 0.04x; standalone 0.05x (FY26).
• IPO funds partly allocated to working capital; remaining deployed for capex and strategic needs.
• Cash and cash equivalents stand at ₹668.82 cr (consolidated).
• Export growth and capex funded from internal accruals; no near-term refinancing pressure.

Risks & outlook

• CRGO steel and copper cost volatility; 75% of orders include price variation clauses.
• West Asia oil disruptions impacted Q4; greener ester fluids used to mitigate.
• Industry-wide capacity additions; barriers include pre-qualification and testing lead times.
• National Electricity Plan targets 2,342 GVA by 2032; capex must accelerate accordingly.
• Exports to rise to ~15% of revenue; selective market focus reduces concentration risk.

ESG, CSR & sustainability

• CSR obligation ₹2.23 cr; spent ₹1.86 cr; shortfall ₹0.37 cr carried to CSR account.
• Education kits distributed to 1,520 children; Anganwadi renovations benefiting 167 children.
• Rooftop solar at Unit-I & II; rainwater harvesting at Unit-III; energy efficiency drive.
• ISO 14001 and NABL labs support environmental and quality standards.

Governance & internal controls

• Internal controls robust; AIMS & Associates is internal auditor.
• Secretarial audit by Nandaniya Joshi & Associates with no material issues.
• SEBI LODR compliance; policy on related party transactions disclosed.
• Independent directors' familiarisation programs and online director databank registrations.

CSR initiatives & social impact

• Shikshamarg education outreach; kits, libraries and smart classrooms.
• Renovation of Government Anganwadi centers across multiple locations.
• Community education facilities upgraded; emphasis on women and rural education.
• CSR policy accessible on company website.

AGM Details

• AGM date: 21 September 2026; time: 3:00 PM IST; mode: Physical; venue: Anand, Gujarat.
• Cut-off date for voting eligibility: 14 September 2026.
• E-voting window: 18 September 2026 to 20 September 2026.
• Dividend: No dividend recommended; no book closure or record date.

Resolutions Put to Vote

• Adoption of audited standalone and consolidated financial statements and reports.
• Reappointment of Whole-time Director by rotation for five-year term.
• Ratification of remuneration payable to Cost Auditors for 2026-27.
• Appointment of Secretarial Auditor for five years.
• Approval of ESOS 2026 for employees.
• Extension of ESOS 2026 to holding, subsidiary, associate, and group entities.

Voting Results

• Voting outcomes not disclosed in the filing.

Dividend

• No dividend proposed or approved for the year.

Director Changes

• Reappointment of a Whole-time Director by rotation.

Auditors

• Remuneration ratification for Cost Auditors.
• Secretarial Auditor appointed for five years.

ESOS Details

• ESOS 2026 to be administered by a Committee; grant of options to eligible employees.
• Extension of ESOS 2026 to holding/subsidiary/associate/group employees.

Material Related Party Transactions

• No material related party transactions disclosed.

Order win

• APTRANSCO issues LOI to Atlanta Electricals for 12 units of 160 MVA, 220/132 kV transformers.
• Total contract value is Rs 193.92 crore including GST.
• Scope covers design, manufacture, testing and supply, with unloading per Tender PMM21-31/2026 Lot-2.
• Execution to follow technical specs, commercial terms, and delivery schedule.
• Order strengthens Atlanta Electricals' position in power transmission and augments its order book.

Order details

• APTRANSCO issued LOI for 12 units of 160 MVA, 220/132 kV Auto Transformers.
• Total contract value Rs 193.92 crore inclusive of GST.
• Scope covers design, manufacture, testing and supply.
• Execution per tender specifications and delivery schedule.
• Domestic Indian awarding entity.
• Tender No. PMM21-31/2026 (Lot-2) referenced.