Prajay Engineers Syndicate Ltd

Prajay Engineers Syndicate Limited: Trading Window closed from 01-10-2026 till the expiry of 48 hours after the declaration of Unaudited Financial Results for the Second Quarter and Half Year ended 30-09-2026

AGM Details

• Date 29 September 2026, time 5:30 PM IST, mode VC/OAVM.
• Meeting commenced at 5:39 PM and concluded at 6:22 PM IST.

Key Resolutions

• Ordinary: Adopt standalone and consolidated financial statements for the year ended 31 March 2026.
• Ordinary: Re-appointment of Ravi Kumar Kutikalapudi as director, by rotation.
• Special: Appointment of M/s. R B Associates as Statutory Auditors.
• Special: Appointment of Secretarial Auditors.
• Special: Approval of Related Party Transactions.

Voting & Process

• Remote e-voting facility available with cut-off date 22 September 2026.
• Scrutinizer appointed; results to be submitted to stock exchanges.

Financial snapshot

• Standalone total income 3161.04 Lakhs; down from 4250.21 Lakhs.
• Consolidated total income 4711.01 Lakhs; down from 6153.86 Lakhs.
• Standalone PAT (loss) (1805.59) Lakhs.
• Consolidated PAT (loss) (1874.82) Lakhs.
• Standalone EPS (2.59) INR; Consolidated EPS (2.69) INR.
• Dividend per share Nil for 2025-26.
• Standalone net debt to equity 0.21; Consolidated 0.34.
• Standalone current ratio 1.67; Consolidated 2.57.
• Standalone borrowings total 10,416.54 Lakhs; Consolidated 16,262.68 Lakhs.
• Standalone equity 50,056.20 Lakhs; Consolidated 47,516.91 Lakhs.

Debt & liquidity

• Total borrowings: Standalone 10,416.54; Consolidated 16,262.68 Lakhs.
• Equity (shareholders' funds): Standalone 50,056.20; Consolidated 47,516.91 Lakhs.
• Current ratio: Standalone 1.67; Consolidated 2.57.
• Net debt to equity: Standalone 0.21; Consolidated 0.34.

Segment performance

• Standalone segment revenue: Real estate 1,093.32; Hospitality 1,212.50; Unallocated 855.22; Total 3,161.04.
• Consolidated segment revenue: Real estate 2,630.14; Hospitality 1,212.50; Unallocated 868.37; Total 4,711.01.
• Consolidated operating loss: (1,898.54) Lakhs.
• Standalone segment losses: Real estate (2,100.30); Hospitality (208.89).

Subsidiaries & associates

• Subsidiaries: Prajay Holdings Pvt Ltd, Prajay Developers Pvt Ltd, Prajay Retail Properties Pvt Ltd, Secunderabad Golf and Leisure Resorts Pvt Ltd.
• One step-down subsidiary: Prajay Developers Private Limited.
• Associates: Prajay Properties Private Limited; Genesis Capital Private Limited (Mauritius).

Governance & audit

• Statutory auditors: M/s RB Associates appointed for 5-year term.
• Secretarial auditors: M/s G P Reddy & Associates appointed for 5-year term.
• CEO and CFO certification under Regulation 17(8) LODR submitted.
• Whistle blower policy adopted; vigil mechanism in place.
• Independent Directors met on 12 February 2026.
• Board composition: 1 Executive, 2 Non-Executive Non-Independent, 3 Independent Directors.
• Secretarial audit flagged missing MCA filing; Reg 46 updates not fully updated.

AGM & corporate actions

• 32nd AGM to be held on 29 Sep 2026 via VC/OAVM.
• e-voting window 26-28 Sep 2026; cut-off 22 Sep 2026.
• Registrar/notice available on company and stock exchange websites.

Related party transactions

• Related party contracts estimated around Rs 200 Crores annually.
• Audit Committee/Board approvals; arm's-length; related parties do not vote on RPT.

Risks & outlook

• Trade receivables: Rs 6,442.25 Lakhs outstanding > 6 months at consolidated level.
• Receivables doubtful provisions of Rs 1,246.96 Lakhs; bad debts Rs 947.81 Lakhs.
• RERA-driven consolidation expected; sector growth with regulatory support.

AGM details

• 32nd AGM on 29 September 2026 at 5:30 PM IST.
• Mode: VC/OAVM at registered office.
• Record date for voting: 22 September 2026.
• Book closure: 23–29 September 2026.
• E-voting window: 26–28 September 2026.
• Proxy attendance not available; attendance via authorized representatives allowed.

Key resolutions

• Ordinary Resolution 1: Adopt standalone and consolidated financial statements for FY2025-26.
• Ordinary Resolution 2: Re-appoint director retiring by rotation, Ravi Kutikalapudi.
• Special/Ordinary 3: Appoint M/s RB Associates as Statutory Auditors for five years.
• Ordinary Resolution 4: Appoint G P Reddy & Associates as Secretarial Auditors for five years.
• Ordinary Resolution 5: Approve related party transactions with group entities.

Voting results

• Voting results: not disclosed in filing.

Dividend

• Dividend: No dividend proposed.

Director changes

• Director changes: Kutikalapudi reappointment; Dharam Karan Kora appointed independent director on 29-09-2025.

Auditor appointments

• Statutory auditor: RB Associates for five years.
• Secretarial auditor: G P Reddy & Associates for five years.

Material related party transactions

• RPTs with group subsidiaries/associates; aggregate around Rs 200 crore annually.

Other material approvals

• Other material approvals: none disclosed.

Financial results approved

• Unaudited standalone and consolidated Q1 30-06-2026 results approved by Board.
• Limited Review Reports on standalone and consolidated results submitted by statutory auditors.
• Net cash inflows for the period approved by Board but not subjected to review.
• Audit Committee reviewed results; Board recorded approval on 14-08-2026.

Regulatory and legal matters

• Emphasis of Matter: ongoing arbitration with investor entities; mediation under IAMC Hyderabad.
• High Court order 28.07.2022 appointed arbitrator; arbitration proceedings in progress.
• NCLT mediation settlement disposed off investor cases; settlement terms filed before NCLT.
• Note on lease and construction & management agreements with Government-related entities; arbitration ongoing.
• Two segments identified: Construction and Development; Hospitality—Hotels and Resorts.
• Statements note economic slowdown affecting customer realizations in realty sector.

Financial results approved

• Unaudited standalone and consolidated quarterly results approved for quarter ended 30-06-2026.
• Standalone total income 623.09 lakh; Consolidated total income 653.96 lakh.
• Standalone net loss 237.90 lakh; Consolidated net loss 256.78 lakh.
• Basic EPS: standalone -0.34; consolidated -0.37.

Auditor remarks

• Auditors' review notes Emphasis of Matter on arbitration/mediation; settlement terms filed.
• Auditors' opinion not modified; arbitration matters noted.

Regulatory / legal matters

• Mediation via IAMC Hyderabad; NCLT disposed investor cases; arbitration proceedings ongoing.
• Lease dispute with Government dept; arbitration ongoing.
• Two reportable segments identified: Construction and Development; Hospitality - Hotels and Resorts.