B. L. Kashyap and Sons Ltd

AGM Details

• Date and time: 30 September 2026 at 11:00 p.m. IST, held via Video Conferencing.
• Mode: VC/OAVM; meeting deemed to be conducted at the registered office.
• Quorum achieved with all directors present except Mr. Vishal S Ohiri.

Key Resolutions

• Resolution 1 (Ordinary): Adoption of Audited Standalone and Consolidated Financial Statements.
• Resolution 2 (Ordinary): Re-appointment of Vikram Kashyap as Director liable to retire by rotation.
• Resolution 3 (Special): Re-appointment of Vinod Kashyap as Whole-time Director Chairman.
• Resolution 4 (Special): Re-appointment of Vineet Kashyap as Managing Director.
• Resolution 5 (Special): Re-appointment of Vikram Kashyap as Whole-time Director Joint MD.
• Resolution 6 (Ordinary): Ratification of remuneration payable to Cost Auditors for FY ending 31 March 2027.

Voting Results

• Resolution 1: Outcome not disclosed; voting results pending.
• Resolution 2: Outcome not disclosed; voting results pending.
• Resolution 3: Outcome not disclosed; voting results pending.
• Resolution 4: Outcome not disclosed; voting results pending.
• Resolution 5: Outcome not disclosed; voting results pending.
• Resolution 6: Outcome not disclosed; voting results pending.

Director Changes

• Re-appointment of Vikram Kashyap as Director liable to retire by rotation.
• Re-appointment of Vinod Kashyap as Whole-time Director designated Chairman.
• Re-appointment of Vineet Kashyap as Managing Director.
• Re-appointment of Vikram Kashyap as Whole-time Director Joint MD.
• All Directors present at AGM except Vishal S Ohiri.

Auditor Details

• Cost Auditor remuneration ratified for FY ending 31 March 2027.

AGM Details

• AGM held on 30 September 2026 at 11:00 IST via VC/OAVM.
• Remote e-voting from 27 Sep 2026 09:00 to 29 Sep 2026 17:00 IST; voting at AGM.
• Quorum verified; meeting deemed at registered office.

Key Resolutions

• Adoption of standalone and consolidated financial statements for FY2026.
• Re-appointment of Vikram Kashyap as Director liable to retire by rotation.
• Re-appointment of Vinod Kashyap as Whole-time Director designated as Chairman.
• Re-appointment of Vineet Kashyap as Managing Director.
• Re-appointment of Vikram Kashyap as Whole-time Director designated as Joint Managing Director.
• Ratification of remuneration payable to Cost Auditor for FY2027.

Voting Results

• Voting results to be declared within prescribed timelines.

Director Changes

• Vikram Kashyap re-appointed as Director liable to retire by rotation.
• Vinod Kashyap re-appointed as Whole-time Director (Chairman).
• Vineet Kashyap re-appointed as Managing Director.
• Vikram Kashyap re-appointed as Whole-time Director (Joint Managing Director).

Auditor Appointments

• Remuneration ratified for Cost Auditor Sanjay Gupta & Associates for FY2027.

B. L. Kashyap and Sons Limited — Closure of Trading Window from October 1, 2026 till 48 hours after declaration/publication of unaudited financial results for the quarter and half year ending September 30, 2026

B. L. Kashyap and Sons Ltd — Trading Window Closure from October 1, 2026 until 48 hours after declaration/publication of unaudited results for the quarter and half year ending September 30, 2026

AGM Details

• Date and time: 30 September 2026 at 11:00 AM.
• Mode: VC/OAVM.
• Record/Book closure: 24 September 2026 to 30 September 2026.

Ordinary Resolutions

• Adopt standalone and consolidated financial statements for year ended 31 March 2026.
• Reappoint Vikram Kashyap as Director (retiring by rotation).

Special Resolutions

• Re-appoint Vinod Kashyap as Whole-Time Director designated as Chairman for five years.
• Re-appoint Vineet Kashyap as Managing Director for five years.
• Re-appoint Vikram Kashyap as Joint Managing Director for five years.
• Ratify remuneration of Cost Auditors for financial year ending 31 March 2027.

Financial highlights

• Consolidated revenue from operations ₹1,379.14 crore in FY2026, up 19.5% YoY.
• EBITDA ₹102.22 crore; margin 7.41% in FY2026.
• PAT ₹1.55 crore; influenced by ₹37.82 crore exceptional items.
• Order book ₹5,000 crore as of 31 Mar 2026, up ₹2,000 crore in year.
• Fund-based debt reduced to ₹270 crore; no term loans.
• Credit rating upgraded to CRISIL BB-/Stable/A4.
• No dividend declared for FY2026.
• Capex ₹65 crore planned for FY2027; ₹56 crore spent in FY2026.
• Order-book sector mix: 48.46% commercial, 47.19% residential.

Order book & mix

• FY2026 new orders surpassed ₹3,500 crore, with major awards: BPTP Gurgaon ₹910 crore; Sattva CKC Chennai ₹616 crore.
• Unexecuted order book distributed: Delhi-NCR 62.9%, Karnataka 17.4%, Tamil Nadu 18.1%.

Strategy & operations

• Selective bidding focused on higher margins and lower execution risk.
• Investing in BIM, ERP, and real-time project monitoring.
• Public-sector opportunities aim for ~15% of the order book.
• BL Kashyap Wizards program trained 120+ engineers; top 15% fast-tracked.
• Geographic expansion across UP, Gujarat, Tamil Nadu, Maharashtra to diversify mix.

Debt & liquidity

• Debt reduced to ₹270 crore; no term loans; working capital and bank guarantees only.
• Liquidity strengthened via disciplined working-capital management and improved collections.

Dividends & capital allocation

• Dividend declared in FY2026: none.
• Dividend Distribution Policy published on the company website.

Governance & risk

• Board: 8 directors, 3 executive, 4 independent including 1 woman; SBI nominee.
• FY2026 board meetings: 4; Audit Committee: 4 meetings; NRC: 1; SRC: 3.
• Re-appointment of Vinod (Chairman), Vineet (MD), Vikram (Joint MD) for 5 years from 1 Apr 2027; ₹15 lakh/month.
• Remuneration of directors and KMP aligned with Schedule V; Related Party Transactions at arm's length; quarterly approvals by Audit Committee.
• Statutory auditors: Sood Brij & Associates; Secretarial: Dhananjay Shukla & Associates; Cost Auditors: Sanjay Gupta & Associates.

CSR & ESG

• CSR spend ₹1.10 crore; CSR obligation ₹1.05 crore; excess ₹0.05 crore.
• CSR policy and initiatives on website; Roots FC partnership supports women and youth football.
• Awards for safety and quality: Apex Gold Award; Haryana Safety Award 2024; ICI recognitions.
• ISO 9001:2015, ISO 45001:2018, ISO 14001:2015 accreditations.
• Employee health and safety programs; strong focus on safe operations and ESG compliance.

Audit flags & disclosures

• Revenue recognition and impairment are key audit matters; prudent assessment of contract assets and ECL.
• Provident Fund dues and RoR under CDR are noted as significant items.
• Internal controls strengthened via ERP, SOPs, and regular internal audits.