ATV Projects India Ltd

Standalone results

• Revenue from operations Rs 2,062.37 lakh; total income Rs 2,063.63 lakh.
• Total expenses Rs 1,861.92 lakh; PBT Rs 201.71 lakh.
• Tax expenses / deferred tax: Rs (1.60) lakh; PAT Rs 203.31 lakh.
• EPS basic/diluted Rs 0.38.
• GST demand Rs 21.59 crore on MIDC leasehold; appeal allowed; refund Rs 0.724 crore.
• One operating segment; assets in India; revenue from India.
• Income tax provision not made due to carried forward losses and unabsorbed depreciation.
• Q1 2026 unaudited results approved; limited review by statutory auditor.

Financial results and related disclosures

• Approved standalone unaudited Q1 2026 results; revenue from operations ₹2,062.37 lakh; PAT ₹203.31 lakh.
• Adopted cost records for FY 2025-2026.
• Appointed M/s K. S. Bhatnagar & Associates as cost consultant for FY 2026-2027.
• Noted Limited Review Report on quarterly results by RHAD & Co.

Governance and regulatory matters

• Reviewed all quarterly reports filed with BSE.
• Reviewed progress of the company.
• GST demand ₹21.59 crore on leasehold MIDC office; appeal allowed; ₹72.43 lakh refund.
• Income tax provision not made due to carried forward losses and unabsorbed depreciation.
• One operating segment; assets domiciled in India; revenue earned in India.

AGM details

• The 39th AGM was held on Aug 12, 2026 at 12:00 via video conferencing.

Key resolutions

• Adoption of Audited Financial Statements and Reports (Ordinary).
• Reappointment of H. C. Gupta as director (Ordinary).

Voting results

• Voting results will be shared separately with the Scrutinizer report.

Director changes

• Mr. H. C. Gupta retires by rotation; eligible for reappointment.

AGM & Annual Report Access

• AGM scheduled for 12 August 2026 at 12:00 IST via Video Conference/ OAVM.
• Notice and Annual Report for FY2025-26 sent electronically to registered email addresses.
• Annual Report is accessible on the company website; QR code provided.
• Members without registered emails must register with their DP/RTA; physical holders contact Purva Sharegistry.
• Reminder to update KYC details and dematerialise physical securities per SEBI circular.

Regulatory & Transfer Window

• SEBI introduced a 12-month window to re-lodge rejected physical transfers Feb 5, 2026–Feb 4, 2027.
• Aims to regularize transfers and convert to dematerialized form.

Book closure details

• Book closure: 6 August 2026 to 12 August 2026 inclusive for 39th AGM.
• Purpose: to hold the 39th Annual General Meeting.
• Security type: Equity shares.

AGM highlights

• AGM scheduled for 12 August 2026 at 12:00 Noon IST via VC/OAVM.
• Ordinary business: adopt Audited Financial Statements and Cash Flow Statement with Directors' and Auditors' reports.
• Ordinary business: reappointment of H. C. Gupta, retiring by rotation.
• Cut-off date for voting/attendance set at 5 August 2026.
• Remote e-voting window from 8 Aug 2026 09:00 to 11 Aug 2026 17:00 via NSDL.
• Voting rights are proportional to shareholding as on the cut-off date.
• Proxy facility not available for the e-AGM.

Financial performance

• Revenue from operations 6,765.31 lacs; total revenue 6,776.01 lacs.
• Profit before tax 710.65 lacs; tax expense net (4.85); PAT 715.50 lacs.
• Total comprehensive income for the year 740.12 lacs.
• Basic/diluted EPS 1.35; prior year 1.39.
• Net cash from operating activities 1,272.32 lacs.
• No dividend declared for the year.

Capital structure & fundraising

• Authorized share capital Rs 7.50 crores; issued/subscribed Rs 5311.74 lacs; paid-up Rs 5255.57 lacs; calls in arrears Rs 56.17 lacs.
• In-principle approval for 25,00,000 preferential warrants to Mahalaxmi Import Export Pvt Ltd (19 Nov 2025).
• Funding plan: internal accruals and land sale proceeds; pursue fresh fundraising as required.

Operations & capacity updates

• Mathura plant upgraded; capacity enhancement and modernization underway; VTL fully operational.
• In-house design and ASME U Stamp services ongoing.
• EIL enlistment for CS pressure vessels up to 90 mm thickness.
• PDIL enlistment as CS pressure vessel manufacturer; expansion to higher pressure vessels, reactors, tall columns.
• Order pipeline targets: Andritz Hydro, Voith, Power Machines, BHEL, L&T MHI, IOCL, GAIL, ISGEC, etc.
• RDSO approval for heavy steel girders and railway bridges; exploring railway infra projects.
• Exploring ethanol and energy sector opportunities; evaluating partnerships.

Governance & risk

• Board of six; Chairman M. V. Chaturvedi; Nalwaya left Aug 2025; Gupta, Sanghavi, Rai, Tiwari continue.
• Independent Directors: Rakesh Tiwari, Payal Sanghavi, Deepa Rai; Nalwaya vacated Aug 2025.
• Audit Committee reconstituted; members include M. V. Chaturvedi, Gupta, Sanghavi, Rai, Tiwari.
• Stakeholders' Relationship Committee held four meetings; 53 complaints resolved; none outstanding as of 31 Mar 2026.
• CSR Committee active; Independent Directors familiarisation program; governance reports uploaded on company site.
• Internal controls deemed adequate; no cybercrime incidents reported.

Related party transactions & CSR

• RPTs with Seftech Phosphate Pvt Ltd, Seftech India Pvt Ltd, RA Agro Products; arm's length.
• Director remuneration: A. K. Sharma 10.29 lacs; Ravindra Chaturvedi 9.00; Sarada Patro 8.40.
• Seftech Phosphate: loan repayments 759.48; balance payable (3,294.16).
• Seftech India Pvt Ltd: Sales 215.84; balance receivable 0.
• RA Agro Products: Rent 4.00; balance receivable 4.00.
• Policy on related party transactions disclosed on the company website; AOC-2 filed.

Audit & internal controls

• Statutory auditors RHAD & Co; fees Rs 7.80 lacs (Audit 6.50, Tax Audit 0.35, Certification 0.95).
• Secretarial Auditor ND & Associates; Annexure-1 Secretarial Audit; Annexure-3 non-disqualification certificate.
• CEO/CFO certification confirms true and fair view and adequacy of internal controls.

Contingent liabilities & litigation

• GST demand Rs 21.59 crores, disputed; appeal filed; hearings ongoing.
• PF Dept demand Rs 2.6315 crores; Allahabad High Court matter in progress.
• NRL liquidated damages Rs 68.89 lacs; recovery expected.
• Sales Tax deferment scheme Rs 182.10 lacs under litigation; dispute with GST department noted.

Shareholder information & listings

• Listed on BSE; ISIN INE447A01015; NSDL/CDSL demat connectivity; 69.20% dematerialised as of 31 Mar 2026.
• Financial year 2025-26: 1 Apr 2025 to 31 Mar 2026; AGM on 12 Aug 2026 via VC.
• Book closure 6-12 Aug 2026; Registrar Purva Sharegistry India Pvt Ltd; support@purvashare.com.
• Promoter group holding 26.89%; Public 73.11%; total equity shares 53,11,74,25.
• Earnings per share (basic/diluted) 1.35; weighted average shares 5,31,17,425.