Oval Projects Engineering Ltd

AGM details

• AGM held on 29 Sep 2026; started at 03:37 PM via VC/OAVM.
• Meeting concluded at 04:20 PM.
• Record date for entitlement: 22 Sep 2026.

Ordinary business

• Adoption of standalone and consolidated financial statements for year ended 31 Mar 2026.
• Re-appointment of Ms Sneha Banik, retiring by rotation.
• Final dividend for FY2025-26 declared; amount per share not disclosed.

Special business

• Enhanced borrowing limit under section 180(1)(c) approved.
• Mortgage/charge on assets under section 180(1)(a) approved.
• Loans/guarantees, securities, and investments threshold under section 186 approved.
• Material related party transaction approved.

Voting and outcomes

• Voting results to be submitted within 2 working days with scrutinizer report.
• Remote e-voting and AGM e-voting conducted via NSDL.

Auditors and governance

• No auditor appointment changes disclosed.
• Scrutinizer for e-voting: M/s KKS & Associates.

Oval Projects Engineering Limited — Closure of Trading Window from October 01, 2026 till 48 hours after the declaration of Unaudited Financial Results (Standalone & Consolidated) for the half year ended September 30, 2026.

Meeting Details

• Date and time: 28 September 2026, 5:00 PM IST; Virtual group meeting.
• Organiser: Bharat Connect Conference Rising Star September 2026, by Arihant Capital Markets Limited.
• Participants: Company management (role unspecified) to engage in investor interaction.
• Note: No UPSI intended to be discussed.

Record date and dividend entitlement

• Record date is Tuesday, 22 September 2026 for final dividend entitlement.
• Security type: Equity shares.
• Final dividend, if declared by AGM, payable within 30 days after the AGM.
• Beneficial owners in demat form entitled as of close of business on 22 Sept 2026.
• Physical shareholders in the register as of close of business on 22 Sept 2026.
• Dividend is subject to shareholder approval at the AGM.

Financial snapshot

• Standalone revenue from operations rose to ₹15,314.19 lakh in FY2025-26.
• PAT rose to ₹14.81 crore, up 58.6% YoY.
• EPS stood at ₹8.59 per share (basic/diluted).

Capital structure & IPO

• IPO raised ₹46.74 crore; listed on BSE SME in Sep 2025.
• Net worth rose 98.7% to ₹11,122.23 lakh; current ratio 2.46.
• Banking limits consolidated to ₹104.72 crore across four banks.

Operational mix & geographic expansion

• Oil & Gas works ₹77.89 crore; specialised infra ₹41.19 crore; trading ₹30.87 crore.
• Civil & urban infrastructure now about half of the order book.
• Expanded geographic footprint into North-East; entering Jharkhand and Eastern India.

Dividend & AGM

• Final dividend of ₹1 per equity share for FY2025-26.
• Record date 22 Sep 2026; AGM 29 Sep 2026 via VC/OAVM.
• Dividend payable within 30 days if approved.

Governance & board

• Board includes MD and WTD; two independent directors.
• Audit Committee chaired by Khitish Kumar Nayak; NRC & SRC active.
• Secretarial Auditor: KKS & Associates; Internal Auditor: Rahul R. Singh.

Outlook & risks

• Key risks: execution capacity vs enlarged order book; working-capital intensity.
• Mitigants: IPO capital, diversified revenue mix, disciplined bidding.
• Outlook: target ₹1,000 crore order book in 3-5 years; double-digit revenue growth.

Subsidiaries & joint ventures

• Wholly owned subsidiaries Oval Digital Pvt. Ltd. and Oval Biotech Pvt. Ltd.
• Joint ventures: Oval Projects Eng Pvt Ltd Raviraj Bokadia Creative JV; Transstroy JV.
• Consolidation includes JV revenues; 51:49 stakes with partners; no minority in standalones.

Dividend & AGM governance

• Recommend dividend of 10% (INR 1 per share); payable within 30 days after AGM subject to member approval.

Director appointment

• Sneha Banik appointed Executive Director with effect 06-Jul-2024; eligible for re-appointment.

Board-approved reporting

• Board approved the Board's Report and MD&A for FY ending 31 March 2026.

AGM notices & e-voting

• Draft AGM notice set for VC/OAVM; includes record date.
• NSDL appointed to provide e-voting facilities and conduct AGM via VC/OAVM.

Scrutiny & disclosures

• Mr. Krishna Kumar Singh appointed Scrutinizer for e-voting at AGM.
• Annexure-A disclosure under Regulation 30 of LODR attached.

Meeting Details

• Date: September 3, 2026; Time: 3:30 PM; Location: through audio-visual means.

Key Agenda Items

• Consider and approve the proposed dividend.
• Consider and approve the Draft Notice for 13th AGM (FY 2025-26) via VC/OAVM.
• Fix the record date for AGM and proposed dividend.
• Discuss ongoing business propositions with chair's permission.

Other Notes

• Trading window closed until 48 hours after Board Meeting conclusion for designated persons.

Oval Projects Engineering Limited: Trading window closed from August 29, 2026 until the expiry of 48 hours after the conclusion of the Board Meeting to be held to consider the proposed dividend.