Engineers India Ltd

Engineers India Limited — Trading Window closed from 1 October 2026 until 48 hours after the Board Meeting to consider unaudited financial results for the quarter and half year ended September 30, 2026

Compliance fines and board update

• Fines of ₹5,31,000 including GST levied by NSE/BSE.
• Non-compliance due to insufficient Independent Directors, including a Woman director.
• Board 13.08.2026 discussed waiver; MoPNG to fill director vacancies.
• Waiver to be considered only after full compliance; payment within 15 days of notice.
• Waiver application process via NEAPS; board to report outcome.
• Fines relate to Regulation 17(1) of SEBI LODR for quarter ended 31-Mar-2026.

Project and contract details

• EIL to serve as PMC and EPCM for Dangote's 700,000 BPD Kenyan refinery.
• Contract value is in excess of US$ 450 million.
• Project expands Dangote's East Africa footprint with a 700,000 BPD facility.
• EIL has prior Dangote experience as PMC/EPCM for Lekki refinery expansion.

Key project and contract

• Contract value exceeds US$450 million for EIL as PMC and EPCM consultant.
• Kenya project: 700,000 BPD greenfield refinery and petrochemical plant.
• EIL previously served as PMC/EPCM for Dangote Lekki refinery (650,000 BPD) and expansion.
• Contract underscores Dangote's regional expansion and EIL's execution track record.

AGM Details

• 61st AGM held on 18 Sep 2026 via VC/OAVM at 11:00 AM.
• Record date for entitlement: 11 Sep 2026.

Key Resolutions

• Item 1: Ordinary: passed; broad support for financial statements and reports.
• Item 2: Ordinary: dividend approved; 100% in favour.
• Item 3: Ordinary: Rajiv Agarwal re-appointed; passed.
• Item 4: Ordinary: Arun Kumar re-appointed; passed.
• Item 5: Ordinary: remuneration of Statutory Auditors fixed; passed.
• Item 6: Ordinary: Atul Gupta as MD/Chairman; passed.
• Item 7: Special: Kahuli Sema Independent Director; passed.
• Item 8: Special: Ashish Kumar Gupta Independent Director; passed.

Voting Results

• Item 1: Passed; broad support for financial statements.
• Item 2: Passed; dividend approved.
• Item 3: Passed; Rajiv Agarwal re-appointed.
• Item 4: Passed; Arun Kumar re-appointed.
• Item 5: Passed; Statutory Auditors remuneration fixed.
• Item 6: Passed; Atul Gupta as MD/Chairman.
• Item 7: Passed; Kahuli Sema Independent Director.
• Item 8: Passed; Ashish Kumar Gupta Independent Director.

Dividend

• Final dividend for the financial year ended approved.

Directors Changes

• Rajiv Agarwal re-appointed as Director.
• Arun Kumar re-appointed as Director.
• Atul Gupta appointed as Chairman & Managing Director.
• Kahuli Sema appointed as Non-official Independent Director.
• Ashish Kumar Gupta appointed as Non-official Independent Director.

Auditor Appointments

• Remuneration of Statutory Auditors fixed for FY 2026-27.

AGM details

• Date and time: 18 September 2026, 11:00 to 13:11 IST.
• Mode: VC/OAVM conducted.
• Voting cut-off date: 11 September 2026; remote e-voting: 14–17 September 2026.
• Quorum: 147 members representing 28,86,07,539 shares.
• Nominee of President of India held 51.32% of shares.
• Notice dated 21 Aug 2026; e-voting window: 14–17 Sep 2026.

Resolutions proposed

• Adopt Audited standalone and Consolidated financial statements with Directors’ report and Auditors’ report.
• Declare final dividend for FY 2025-26.
• Appoint Rajiv Agarwal by rotation for re-appointment.
• Appoint Arun Kumar by rotation for re-appointment.
• Authorize Board to fix remuneration of Auditors for FY2026-27.
• Appoint Atul Gupta as Chairman and Managing Director.
• Appoint Kahuli Sema as Non-official Independent Director.
• Appoint Ashish Kumar Gupta as Non-official Independent Director.

Voting results

• Voting results not announced in the chunk; to be announced this evening.

Dividend and payout

• Final dividend proposed: 2.50 per share.
• Interim dividend already paid: 2.50 per share.
• Total dividend for FY2025-26: 5.00 per share.
• Total payout: 28,102.12 Lakhs.

Director and management changes

• Atul Gupta appointed Chairman and Managing Director.
• Kahuli Sema appointed Non-official Independent Director.
• Ashish Kumar Gupta appointed Non-official Independent Director.
• Rajiv Agarwal and Arun Kumar to be re-appointed by rotation.

Auditors

• Board authorised to fix remuneration of auditors for FY2026-27.

Auditor Appointment

• CAG appointed SCV & CO LLP as statutory auditors for Engineers India Limited for FY 2026-27.
• Appointment is under Section 139 of the Companies Act, 2013.

Auditors Appointment FY 2026-27

• CAG appointed S C V & CO LLP as statutory auditors for FY 2026-27 under section 139.
• Company completing formalities; SEBI Listing Regulations details to be filed separately.
• Remuneration for 2026-27 and revisions to be intimated after 2025-26 finalisation; governed by Section 142.
• Holding company statutory auditors will also audit the consolidated financial statements.