Garuda Construction and Engineering Ltd

Clarification on upload

• Incorrect document uploaded on BSE portal due to technical glitch.
• Company requests stakeholders to ignore the unrelated document.
• Document does not pertain to Garuda Construction and Engineering Limited.
• Notice date: August 15, 2026.

Event overview

• Creation of pledge on promoter shares by PKH Ventures Limited on 31 July 2026.

Key details

• Target: Garuda Construction and Engineering Limited
• Encumbrance: Pledge on 65,00,000 shares (6.99% of total share capital)
• Promoter holding: 4,81,00,490 shares (51.7%)
• Encumbered promoter holding: 65,00,000 shares (13.51% of promoter holding)
• Promoter/PAC: PKH Ventures Limited
• Encumbrance in favour of: Aditya Birla Capital Limited
• Reason: Working capital
• Amount involved: ₹50 crore
• End use of funds: Working capital
• Date of creation: 31 July 2026

Purpose & board actions

• Rectified Limited Review Report corrected period to quarter ended 30 June 2026.
• Board approved standalone and consolidated Q1 FY2026 results at 10 Aug 2026 meeting.

Standalone financials

• Standalone revenue from operations: 17,538.17 Lakhs for quarter ended 30 June 2026.
• Standalone profit after tax: 4,155.53 Lakhs for the quarter.

Consolidated financials

• Consolidated revenue from operations: 17,538.17 Lakhs for quarter ended 30 June 2026.
• Consolidated profit after tax (PAT) including non-controlling interest: 4,154.48 Lakhs.

Capital & governance

• Paid-up equity share capital: 4,652.09 Lakhs; face value ₹5.00.
• MD & Chairman: Brijendra Kumar Agarwal (DIN: 00845482).
• Board meeting held 10 August 2026 (10:00–10:35 AM).

Financial results and board actions

• Standalone unaudited quarterly results for quarter ended 30 June 2026 approved, with Limited Review Report.
• Consolidated unaudited quarterly results for quarter ended 30 June 2026 approved, with Limited Review Report.
• Audit Committee reviewed and Board approved on 10 August 2026.
• Consolidation includes PKH Projects LLP, PKH Ayodhya Pvt Ltd, and UP World Trade Centre Pvt Ltd.
• Single business segment; no segment information disclosed.
• Trade payables and other current liabilities subject to confirmation; adjustments to be accounted for later.
• Results available on the company's and stock exchanges' websites.
• Auditors' reports: Limited Review, not an audit opinion; no material misstatement identified.
• Period covered: quarter ended 30 June 2026.

Dematerialisation status

• No dematerialisation/rematerialisation requests were received in the period.
• Details of dematerialised/rematerialised securities were furnished to all stock exchanges where listed.

FY26 standalone results

• 📊 Revenue from operations rose 136% YoY to ₹530.7 crore.
• 📊 Total income rose 135% YoY to ₹534.0 crore.
• 📊 PBT rose 146% YoY to ₹164.2 crore.
• 📊 PAT rose 146% YoY to ₹122.5 crore.
• 📊 Q4 revenue was ₹149.0 crore, up 84% YoY.
• 📊 Q4 PAT was ₹34.4 crore, up 91% YoY.
• 📊 EPS for FY26 was ₹13.17, versus ₹5.99 last year.
• 📊 Material costs rose to ₹144.9 crore, while construction expenses reached ₹203.2 crore.

FY26 consolidated results

• 📊 Consolidated revenue from operations rose 135% YoY to ₹530.7 crore.
• 📊 Consolidated total income rose 135% YoY to ₹534.0 crore.
• 📊 Consolidated PBT rose 146% YoY to ₹164.1 crore.
• 📊 Consolidated PAT after minority interest was ₹122.5 crore.
• 📊 Consolidated EPS for FY26 was ₹13.17.
• 📊 Q4 consolidated PAT after minority interest was ₹34.5 crore.
• 📊 Share of profit from associates was negligible at ₹0.05 lakh loss.

Cash flow and balance sheet

• 📊 Standalone operating cash flow turned positive at ₹40.9 crore in FY26.
• 📊 Consolidated operating cash flow was ₹78.4 crore in FY26.
• 🧱 Standalone investment in equity shares and debentures was ₹58.7 crore.
• 🧱 Consolidated investment in equity and property was ₹114.0 crore.
• 📊 Standalone cash and equivalents closed at ₹8.0 crore.
• 📊 Consolidated cash and equivalents closed at ₹8.1 crore.
• 📊 Standalone trade receivables rose to ₹240.4 crore.
• 📊 Consolidated other current assets rose to ₹310.3 crore.
• 📊 Standalone total assets increased to ₹640.6 crore.
• 📊 Consolidated total assets increased to ₹644.3 crore.
• 📊 Standalone other equity rose to ₹407.8 crore.
• 📊 Consolidated equity attributable to owners rose to ₹454.3 crore.

Audit and governance

• 📍 Statutory auditor issued unmodified opinions on standalone and consolidated FY26 results.
• 📍 Board approved audited standalone and consolidated results on 18 May 2026.
• 📍 Paid-up equity share capital remained ₹46.5 crore.
• 📍 Face value remained ₹5 per share.

Operations and segment

• 📍 Company operates in a single business segment: construction activity.
• 📍 Operations are entirely in India.
• 📍 Consolidated results include subsidiaries PKH Ayodhya Private Limited, UP World Trade Centre Private Limited, and PKH Projects LLP.

Financial Performance

• Board approved unaudited standalone and consolidated financial results for Q3 ended 31 Dec 2025 with limited review reports.
• Standalone Q3 revenue from operations: Rs. 14,005.41 lakhs; profit after tax: Rs. 3,297.00 lakhs.
• Consolidated Q3 revenue from operations: Rs. 14,001.87 lakhs; profit after tax: Rs. 3,289.71 lakhs.
• Basic and diluted earnings per share for standalone and consolidated Q3 results: Rs. 3.54.
• No exceptional items reported in standalone or consolidated results for the quarter.
• Financial results prepared as per Indian Accounting Standards (Ind AS) and Companies Act, 2013.

Business and Segment Information

• Company operates in a single business segment (Construction) and a single geographical segment (India).
• Consolidated results include subsidiaries PKH Projects LLP, PKH Ayodhya Private Limited, and UP World Trade Centre Private Limited.

Audit and Compliance

• Limited review reports by statutory auditors expressed no material misstatements or qualifications.
• Interim financial results of subsidiaries reviewed by other auditors with no modifications to auditor conclusions.
• Trade payables, loans, and other current liabilities subject to confirmation and reconciliation.

Other Disclosures

• No dividend declarations, capital raising, buybacks, or changes in directors or key management personnel disclosed.
• No material regulatory, legal, or compliance issues reported or discussed.