P.M. Telelinnks Ltd

AGM details

• AGM held on 30 September 2026 at 10:30 AM; physical meeting with remote e-voting and ballot facility.
• Venue: Plot No 132 and 133 IDA Mallapur, Hyderabad.
• Quorum met; meeting commenced 10:30 AM and concluded 11:00 AM.

Key resolutions

• Adopt audited financial statements for FY ending 31 March 2026 with Board and Auditor reports.
• Regularize Neerav Hans as Director and Chairman.
• Regularize Hari Om Parkash as Whole-Time Director.
• Deliberate and approve material Related Party Transactions.
• Increase authorised share capital and amend the Memorandum of Association.
• Regularize Kritika Gupta as Non-Executive Independent Director.
• Regularize Kawal Singh as Non-Executive Independent Director.
• Consider and approve the proposed issue of equity shares on a preferential basis.

Voting status

• Voting results to be declared on the company website and with Stock Exchange, along with Scrutinizer's Report.

Director changes

• Neerav Hans appointed as Director and Chairman.
• Hari Om Parkash appointed as Whole-Time Director.
• Kritika Gupta appointed as Non-Executive Independent Director.
• Kawal Singh appointed as Non-Executive Independent Director.

P.M. TELE LINNKS LTD. Trading window closed from 01 October 2026 until 48 hours after the board meeting to approve unaudited quarterly and half-year results ended 30 September 2026

Financial performance

• Revenue from operations: 295.08 Lakhs in FY2025-26, down from 689.87 Lakhs prior year.
• Profit after tax: loss of 388.18 Lakhs in FY2025-26 vs 0.50 Lakhs profit prior year.
• Earnings per share: (3.85) Rs for FY2025-26.
• Total expenditure: 308.25 Lakhs.
• Acquisition completed 29 Jul 2026; BSL Infrastructure Limited acquired 48.03% stake.
• Open offer underway; relevant date Aug 31, 2026; cut-off Sep 23, 2026.
• New board: Neerav Hans (Chairman); Hari Om Parkash (WTD/CEO); Kritika Gupta and Kawal Singh (Independent Directors).
• MD & CEO Ravi Surana Pukhraj and CFO Dipin Surana resigned; Hari Om Parkash appointed CEO; Niraj Agarwal CFO.
• Dividend: No dividend proposed for FY2025-26.
• Reserves: No transfer to reserves during the year.
• Trade receivables end-year: 44,066.31 thousand.
• Open offer and preferential issue context: 1,50,00,000 shares at Rs 10 each.

Strategic developments

• SPA completed; BSL Infrastructure Limited acquired 48,38,733 shares (48.03%).
• Promoter group changed; erstwhile promoters ceased to be promoters on 29 July 2026.
• Board reconstituted with Neerav Hans, Hari Om Parkash, Kawal Singh, Kritika Gupta.
• Executive changes: Hari Om Parkash appointed CEO; Niraj Agarwal appointed CFO.
• Open Offer under SEBI SAST; completion within 15 days, subject to approvals.
• Open offer triggers regulatory disclosures and consent requirements.

Capital structure & equity

• Authorised share capital: Rs 12 crore; 12,000,000 equity shares.
• Issued share capital: Rs 100.75 million across 10,075,000 shares.
• Proposed preferential issue: up to 1,50,00,000 shares at Rs 10.
• Post-issue total equity shares: 25,075,000.
• Relevant pricing date: August 31, 2026.
• Valuation by independent valuer; minimum price certificate available.
• Shares to be listed on BSE; dematerialized within 15 days of passing resolution.
• Proposed allottees: four non-promoter funds (A) Al Maha; (B) Nova Global; (C) Zeal Global; (D) Minerva Ventures.

Related party transactions

• Sales to Golkonda Engineering Enterprises Ltd: Rs 29,508.50 thousand.
• RPTs were in ordinary course and at arm's length.
• No other material related party transactions reported.

Governance & compliance

• Secretarial audit flagged vacancy of Company Secretary; website not updated; addressed by management.
• Board met six times; committees reconstituted after control change.
• Green initiative: paperless communications with shareholders.
• Vigil mechanism in place; no complaints recorded.
• Independent Directors meeting held on 14-Feb-2026.

Contingent liabilities and risks

• Income tax demand for FY2016-17 Rs 10,10,210; appeal filed; no provision.
• No other significant pending litigation reported.

Outlook and risks

• Outlook: growth through new ownership and capital infusion; focus on sustainable growth.
• Risks: price volatility, regulatory changes, competition, and liquidity concerns.

Financial snapshot

• Revenue from operations: ₹29,508.50k (2025-26) vs ₹68,986.51k (2024-25).
• Total income: ₹29,508.50k in 2025-26; no other income this year.
• Profit after tax: loss ₹38,818.58k in 2025-26; ₹49.54k profit in 2024-25.
• EPS: ₹-3.85 in 2025-26; ₹0.0005 in 2024-25.
• Trade receivables: ₹44,066.31k at 31-03-2026; ₹104,578.45k previous year.
• Cash and cash equivalents: ₹238.48k at 31-03-2026; ₹234.74k previous year.
• Authorized capital: ₹120,000k; issued capital: ₹100,750k as at 31-03-2026.

Strategic developments

• SPA dated 5 Sep 2025; M/s BSL Infrastructure Ltd acquired 48.03% stake.
• Transfer completed 29 Jul 2026; promoter change to BSL Infrastructure Limited.
• Open offer process underway; disclosures to stock exchanges completed.
• Promoter group ceased to be promoters from 29 Jul 2026.

Capital structure and equity

• Paid-up capital remains ₹100,750k; 10,075,000 shares of ₹10 each.
• Authorised capital previously ₹120,000k; equity share capital unchanged in 2025-26.
• Promoter stake details show large holders aggregated to about 47.6% as at 31-03-2026.
• No changes in issued capital during the year.

Board and governance

• Outgoing directors: Ravi Surana Pukhraj; Venkata Surya Sri Lakshmi Malapaka; Sripal Dadigala; Patlolla Laxmi Kanth Reddy.
• New directors appointed: Neerav Hans (Chairman), Hari Om Parkash (CEO), Kawal Singh, Kritika Gupta.
• Committees reconstituted; Audit Committee chaired by Kritika Gupta; NRC and SRC reformed.
• Key Managerial Personnel changes: Hari Om Parkash as CEO; Niraj Agarwal as CFO; Gunjan Mittal resigned July 9, 2026.

Related party transactions

• Related party sale with Golkonda Engineering Enterprises Ltd: ₹29,508.50k in 2025-26 (Note 22).
• All related party transactions were in ordinary course and at arm's length.
• No material related party transactions with promoters or KMPs reported.

Regulatory and governance disclosures

• Secretarial audit flagged vacancy in Company Secretary role (Apr–Sep 2025); resolved thereafter.
• Open offer and regulatory disclosures to stock exchanges completed; website and governance disclosures updated.
• Green initiative: paperless communications and e-notices deployed; governance certificates filed.

Outlook and risks

• Industry volatility and regulatory changes pose macro risk; focus on domestic market growth and cost control.
• Board emphasizes strengthening risk management and capital discipline amid loss year.
• Dividends not proposed; resources preserved for growth and acquisition integration.

AGM Details

• AGM date/time: 30 September 2026, 10:30 AM IST, at Plot No 132 & 133 IDA Mallapur, Hyderabad.
• Mode: physical meeting with an e-voting facility.
• EVoting window: 27 September 2026, 09:00 AM to 29 September 2026, 05:00 PM IST.
• Cut-off date for voting eligibility: 234 day of September, 2026.
• Notice and annual report for FY 2025-26 uploaded on RTA's website.

Meeting Details

• Date, time, and venue: 5 September 2026 at 5:00 PM via video conference.

Key Agenda Items

• Increase of authorised share capital and consequential amendment to the MOA.
• Proposed issue of equity shares on a preferential basis.
• Reconsider and approve the draft notice for the 46th AGM.

Debt position

• Integrated filing for quarter ended 30 June 2026.
• Loans outstanding as on date: 0; defaults: 0.
• Unlisted debt securities outstanding: 0; defaults: 0.
• Total financial indebtedness: 0.

Board action

• Board approved unaudited results for the quarter ended 30 June 2026.

Filing contents

• Copy of unaudited results and Limited Review Report enclosed.

Board meeting details

• Meeting held on 14 August 2026, 5:00-5:30 PM, at the registered office.

Certification

• Certificate confirms unaudited results contain no false or misleading statements.

Signatories

• Neerav Hans (Additional Director) and Hari Om Parkash (CEO) signed the document.