Bigbloc Construction Ltd

Bigbloc Construction Limited — Trading Window closure from 1 October 2026 till 48 hours after the declaration of Un-audited Financial Results for the Quarter and Period ending 30 September 2026

Meeting Details

• Date: Friday, 11 September 2026.
• Type/Mode: Group plant visit; physical.
• Organiser: Valorem Advisors at the Wada plant.

Participants

• Company management to participate.

Purpose

• Purpose: Investor/broker interaction during plant visit.
• Discussions to reference publicly available documents; no unpublished price-sensitive information shared.

AGM Details

• 11th AGM held on 25 August 2026 through VC/OAVM.
• AGM started at 12:00 p.m.
• Record date for e-voting entitlement: 18 August 2026.
• Remote e-voting period: 22–24 August 2026.

Resolutions & outcomes

• Resolution 1: Adoption of audited standalone and consolidated financial statements — passed (100% in favour).
• Resolution 2: Re-appointment of director retiring by rotation — passed (100% in favour).
• Note: Resolution 3 updated to Ordinary Resolution; approval of material RPTs for FY2026-27 — passed (100% in favour).

AGM details and results

• AGM held on 25 August 2026 at 12:00 PM via VC/OAVM.
• Record date for e-voting entitlement was 18 August 2026.
• E-voting window ran 22–24 August 2026.
• Scrutinizer's report confirms all resolutions passed; no dissent indicated.
• Resolution 1: Adoption of audited standalone and consolidated financial statements passed 100% in-favor.
• Resolution 2: Re-appointment of Mohit Narayan Saboo as director by rotation; passed 100% in-favor.
• Resolution 3: Special resolution to approve material related party transactions with two entities; passed.
• Counterparties: Bigbloc Building Elements Private Limited and Siam Cement BigBloc Construction Technologies Private Limited.

AGM Details

• AGM held on 25 August 2026 at 12:10 PM via VC/OAVM.
• Meeting started at 12:10 due to a technical matter.
• E-voting available during meeting and for 15 minutes after.

Ordinary Business

• Adopt audited standalone and consolidated financial statements for FY2025-26.
• To reappoint director retiring by rotation.

Special Business

• Approve material related party transactions for FY2026-27 with Bigbloc Building Elements Pvt Ltd and Siam Cement Big Bloc.

Voting Status

• Voting results to be announced within two working days of the meeting.
• Results will be displayed on the company website and disseminated to exchanges.

Director Changes

• Director to be re-appointed: Mohit Narayan Saboo (DIN: 02357431).

Business overview

• BigBloc is a leading AAC blocks manufacturer under NXTBLOC brand in India.
• Four plants in Gujarat and Maharashtra with 1.3 million CBM p.a. capacity.
• JV with Siam Cement Group (SCG) ongoing since FY24 for building solutions.
• Aims to be a vertically integrated, green building materials provider.

Operational highlights

• Total AAC capacity across plants: 1.3 million CBM p.a.
• SCG JV project value INR 891 Mn; 2,50,000 CBM installed capacity.
• Launched AAC Wall Panels; NXTFIX mortar; NXTPLAST plaster; NXGRIP tile adhesive planned.
• MP expansion: 57,500 sqm land acquired in Central India.
• Solar capacity installed: 2,375 kW across group.

Financial performance

• FY26 revenue: INR 2,834 Mn; FY25: 2,246; FY24: 2,432.
• EBITDA: INR 176 Mn; margin 6.21%.
• PAT: INR -85 Mn; margin -3.00%.
• Equity share capital: INR 283 Mn; total equity: INR 1,463 Mn.
• Long-term borrowings: INR 1,144 Mn; short-term borrowings: INR 872 Mn.
• Cash and bank balances: INR 6 Mn; total borrowings: INR 2,016 Mn.

Capital structure & liquidity

• Equity capital grew to INR 283 Mn; balance sheet shows growing borrowings.
• Debt: long-term 1,144 Mn; short-term 872 Mn; total borrowings 2,016 Mn.
• Cash balance modest at INR 6 Mn; liquidity metrics not disclosed.

Strategic priorities & outlook

• Automation across new/existing plants to boost productivity.
• Expansion into high-growth markets; MP land acquisition for scale.
• ProductPortfolio: AAC Wall Panels, NXTFIX, NXTPLAST; NXGRIP tile adhesive.
• In-house logistics; cross-selling across building materials; SCG collaboration.
• Talent development to support scalable growth; sustainability focus.

Risks & governance

• Logistics and freight costs limit AAC adoption; in-house logistics mitigates risk.
• Reliance on SCG JV; diversification into walls and chemicals mitigates risk.
• Board includes promoters and independent directors; CFO-signatory responsible for finance.

Governance & leadership

• Promoters: Narayan Sitaram Saboo (Chairman) and Naresh Sitaram Saboo (MD).
• Independent directors: Sachit Gandhi and Saurabh Gupta; Samiksha Nandwani.
• Director & CFO: Mohit Narayan Saboo.

Conversion approval details

• Shareholders approved converting Bigbloc Building Elements Private Limited from private to public company.
• AGM held on 17 August 2026.
• Approval granted by Special Resolution with the required majority.
• Subject to regulatory formalities including ROC filing and issuance of a fresh Certificate of Incorporation.
• Pending completion of formalities will reflect the change in corporate records.
• Subsidiary of Bigbloc Construction Limited.
• No financial impact or metrics disclosed.

Financial Performance

• Revenue from operations was approximately INR 79 crores, up about 40% YoY.
• EBITDA was approximately INR 6 crores, up from INR 1 crore.
• EBITDA margin stood around 8%.
• Net loss narrowed to approximately INR 70 lakhs from INR 6 crores.
• Q1 FY27 capacity utilization was around 69%.

Operational Update

• Total capacity is 1.3 million cubic meters; AAC blocks 1.05 million.
• AAC panels capacity is 0.25 million cubic meters; fungible capacity.
• Four plants exist; three for AAC blocks; one fungible.
• Mortar plant is now operational; expanding construction chemicals.
• Solar energy meets 52% of power needs.
• MP plant: land acquired; construction post-monsoon; commercial production FY28.

Guidance and Outlook

• Utilization improvements should strengthen profitability and cash flows.
• Capex cycle is largely behind us; focus on utilization and ROIC.
• Prices to rise to improve margins; some hikes already.
• Mortar plant expands product portfolio into construction chemicals.

Q&A Highlights

• 69% utilization across AAC blocks.
• MP plant construction to start post-monsoon; FY28 production.
• Debt to reduce by Rs 25-30 crores by year-end.
• Fly-ash prices up 5-10%; diesel 7-8%; coal 50-60%.
• Labor shortages are behind us; automation reducing labor needs.

Meeting Details

• Date and time: 10 August 2026, 12:00 Noon IST.
• Type: earnings call recording.
• Organizer: Bigbloc Construction Limited.
• Key participants: CFO and director.
• Purpose: earnings results discussion / investor interaction.
• Recording available on the company's website.