Promax Power Ltd

Promax Power Ltd – Trading Window closed from 1st October, 2026 till 48 hours after the declaration of Unaudited Financial Results for the Half Year ended on 30th September, 2026.

Financial highlights

• Revenue from operations ₹7,073.12 lakh; total income ₹7,122.35 lakh.
• Revenue grew about 6.5% year‑on‑year; total income up 6.6%.
• PBT ₹109.73 lakh; PAT ₹85.67 lakh; margins moderated by higher costs.
• Earnings per share ₹0.34; standalone basis.

Strategy & growth drivers

• Transition from pure EPC to integrated energy solutions with asset ownership.
• Pursue solar asset ownership, battery energy storage, and EV charging platforms.
• 6 MW Promax Solar One Hubli project; PPA with HESCOM executed Feb 6, 2026.
• Land lease finalised; pre-construction surveys advancing; interconnection planning ongoing.
• Promax PlugUp EV expands AC/DC charging, including 180/240 kW, with remote monitoring.

Operational profile & new businesses

• Diversified portfolio across EPC, solar, water infrastructure and EV networks.
• Venturing into solar asset ownership to create long‑term, annuity‑based revenue.
• Renewables, energy storage, and EV infrastructure to balance project‑based and recurring revenue.
• Associates: Promax CarbonTier for carbon‑credit and ESG advisory services.

Governance & leadership

• Statutory auditor changed to M/s Manish Jain & Associates for 2026–2031 pending member approval.
• Secretarial auditor appointed: M/s Prachi Lad & Associates; five‑year term pending approvals.
• Independent Director Sanjay Kumar reappointed; MD Vishal Bhardwaj reappointed as MD (2026–2031).
• Company Secretary Yash Gupta appointed 15-Apr-2025; eight board meetings and three committees in place.

Capital structure & liquidity

• Share capital ₹2,500 lakh; reserves ₹590.40 lakh; total equity ₹3,090.40 lakh.
• Liabilities: long‑term ₹406.97 lakh; current liabilities ₹3,108.97 lakh; total ₹6,609.26 lakh.
• Cash & cash equivalents ₹580.19 lakh; net cash from operating activities ₹(986.36) lakh.
• Financing: proceeds from long‑term borrowings ₹191.29 lakh; short‑term borrowings ₹860.50 lakh.

Key post‑year events & project updates

• PPA for 6 MW Hubli solar project executed 6 Feb 2026.
• Land lease formalised; pre‑construction design, surveys, and route planning progressed.
• 11 kV evacuation line alignment under consideration; interconnection arrangements in progress.

Risks, compliance & ESG

• Risks: approvals delays, commodity price volatility, working capital pressure, competition, regulatory changes.
• Governance: Secretarial observations noted delays in auditor appointment and filings; management actions taken.
• ESG: ISO 14001 and OHSAS 45001 certifications; gradual shift toward renewable energy and sustainability.

AGM & E-voting

• 9th AGM on Sep 30, 2026 at Chandigarh, 11:00 AM.
• Remote e-voting facility available for all AGM resolutions.
• Remote e-voting window Sep 27, 2026 9:00 AM to Sep 29, 2026 5:00 PM.
• Cut-off date for e-voting rights Sep 23, 2026.

Secretarial Auditor

• Appointed M/s Prachi Lad & Associates as Secretarial Auditors for five years.
• Term 2025-26 to 2029-30; subject to member approval.

Board Approvals

• Board approved the Board's Report and annexures for FY 2025-26.
• Approved the Notice of 9th AGM and the 9th Annual Report.

Key Appointments

• MD Vishal Bhardwaj reappointed for five years, effective 30 May 2026, subject to member approval.
• Independent Director Sanjay Kumar reappointed for five years, subject to approval.

Dematerialisation status

• Dematerialisation requests were processed and confirmed to the depositories.
• Dematerialised securities were listed on the stock exchanges where the original securities are listed.
• Physical certificates were mutilated and cancelled after verification; depository name became registered owner within the timeline.