EKI Energy Services Ltd

AGM Details

• AGM held on August 25, 2026 at 11:00 A.M. IST via Video Conferencing.
• Deemed to be held at the Registered Office.

Key Resolutions

• Ordinary: adoption of standalone and consolidated financial statements and reports.
• Ordinary: re-appointment of Ms Priyanka Dabkara by rotation.
• Special: appointment of Ms Pooja Jorway as Whole Time Director and CFO.

Voting status

• Voting results to be announced by Aug 26, 2026 with Scrutinizer report.

Verra Bangladesh project

• EKI registers Plastic Waste Reduction Project Bangladesh Phase I with Verra.
• First registered plastic waste reduction project in Bangladesh.
• Project registered under Verra's Plastic Waste Reduction Standard.
• Expands EKI's plastic waste recovery and circular economy solutions.
• Aims to generate Plastic Credits via Verra's monitoring, verification, and certification.
• Strengthens global portfolio and presence in emerging environmental markets.
• Over 200 million offsets supplied to date.

Operational footprint

• Operations span 16+ countries with 3,500+ clients.
• Project supports scalable plastic waste management across geographies.

Financial performance

• Standalone Q1 FY27 revenue from operations ₹888.10 lakh; total income ₹1,328.93 lakh; net loss ₹1,648.32 lakh; EPS ₹(5.53).
• Consolidated Q1 FY27 total income ₹1,473.01 lakh; revenue from operations ₹1,045.97 lakh; net loss ₹1,592.82 lakh; EPS ₹(5.75).
• Standalone segment revenue: Trading ₹882.81 lakh; Generation ₹5.29 lakh; total ₹888.10 lakh; PBT before tax ₹(2,087.86) lakh.
• Consolidated segment revenue: Trading ₹1,038.08 lakh; Generation ₹7.89 lakh; total ₹1,045.97 lakh; PBT ₹(2,135.25) lakh.
• Notes: results are unaudited; limited review by Dassani & Associates LLP; demerger and inventory valuation notes.

Segments, notes & risks

• Two reportable segments: Trading (carbon credit purchases/sales) and Generation (carbon credits issued).
• Demerger: Generation segment to be demerged; board approved Feb 10, 2025; regulatory approvals pending.
• Inventory/carbons: CERs under CDM flagged; CER issuance stopped 30 Jun 2026; potential write-downs to be recognised.

Key disclosures

• Auditor reviewed unaudited standalone and consolidated results for quarter ended 30 June 2026; no material misstatement.
• Standalone revenue from operations 888.10 lakhs; consolidated revenue 1,045.97 lakhs.
• Standalone net loss 1,648.32 lakhs; consolidated net loss 1,709.65 lakhs.
• Emphasis of Matter: Board-approved demerger of Generation segment; awaiting regulatory approval; results exclude scheme.
• NCLT order directed equity shareholders and unsecured creditors meeting; no adverse observations from BSE; approvals required.
• Inventory valuation involves CERs under CDM phasing down; potential write-down will be recognised on assessment conclusions.
• Pooja Jorway designated CFO and Whole-Time Director.

Resignation of CFO and WTD

• Mohit Kumar Agarwal resigns as CFO and Whole Time Director effective July 15, 2026 due to personal commitments.
• Agarwal states there are no material reasons beyond those in his resignation letter.

Appointment of CFO and WTD

• Ms. Pooja Jorway appointed CFO, Additional Director (WTD), and KMP for five years from July 16, 2026.
• Appointment is subject to approval of the Members.
• Ms. Jorway holds MBA and eight years' experience; served MD's office for strategic finance.
• Disclosure of relationships with directors: Not Applicable.

Dematerialisation status

• No demat/remat requests were received for the quarter ended 30 June 2026.

Adjudication orders and penalties

• Four ROC Gwalior adjudication orders dated June 29, 2026 impose penalties on the company and officer.
• Annexures specify violations including non-explanations in FY2022-23 Board's Report and filing delays.
• Total penalties: Company ₹15,64,500; Officer ₹2,47,900; aggregate ₹18,12,400.
• No material impact on financials or operations; remedies being evaluated.
• Officer in default Manish Kumar Dabkara penalties: ₹50,000 per order in I, II, IV; ₹97,900 in III.
• Penalties under sections 134(3)(f)/(8), IEPF rules, and 203(1).
• Dates of order receipt: June 29, 2026, around 6 p.m.
• Board Report explanation gaps flagged by regulator relate to FY2022-23.
• Company evaluating legal remedies; cost-effectiveness will guide next steps.