Spectrum Electrical Industries Ltd

Regulation 74(5) certificate (quarter ended Sep 30, 2026)

• Regulation 74(5) certificate received for quarter ended Sep 30, 2026 from Bigshare Services Private Limited.
• No dematerialisation requests received for Spectrum shares during 01 Jul 2026–30 Sep 2026.

AGM Details

• Date and time: 30 September 2026, 11:30–11:55 AM.
• Venue: Registered Office, Jalgaon, Maharashtra.
• Mode: Physical AGM; remote e-voting and ballot voting offered.
• Quorum present; Scrutinizer appointed.

Resolutions

• Ordinary: Adopt audited standalone and consolidated financial statements for year ended 31 March 2026.
• Ordinary: Re-appoint Bharti Chaudhari, director, retires by rotation.
• Special: Ratification of remuneration payable to Cost Auditors for FY 2026-27.

Voting Status

• Voting results not disclosed; to be disseminated to exchanges and website within two days.

Director Changes

• Director reappointment: Bharti Chaudhari (DIN 02759526), retires by rotation.

Auditors

• Cost Auditor remuneration ratified for FY 2026-27.

Spectrum Electrical Industries Limited: Trading window closed from October 01, 2026 until 48 hours after declaration of unaudited standalone and consolidated results for the quarter and half-year ended September 30, 2026

MoU overview

• Spectrum will contribute to infrastructure, training facilities, equipment, and associated activities.
• Collaboration with Government of Maharashtra aims to strengthen vocational education and employability.
• No monetary investment amount disclosed in the filing.
• Project is aligned with CSR initiatives and PPP-based infrastructure upgrade.

Interim deployment of unutilized proceeds

• Board approved temporary interim investment of ₹287.50 crore unutilized proceeds.
• Investments to include money-market instruments/schemes, money market mutual funds, liquid funds, overnight funds, and FDs.
• Investments for interim deployment; realized when funds are required for the preferential issue objects.
• Includes government securities or other permitted debt instruments.
• Board meeting held 20 September 2026.

Meeting Details

• Date: 20 September 2026; Time: not disclosed; Location: Regd office, Gat No. 139/1 and 139/2, Umala, Jalgaon.

Key Agenda Items

• Board to consider and transact the other business matters.

Other Notes

• Trading window closure period not disclosed in filing.

Transaction overview

• Target company: Spectrum Electrical Industries Limited.
• Acquirer and PAC: Deepak Suresh Chaudhari (Promoter); Spectrum Fabricators India Pvt. Ltd. (Promoter Group).
• Transaction type: Acquisition of 2,49,750 warrants via preferential allotment.
• Pre-Transaction Holding: Acquirer 83,36,975 voting rights (53.05%); PAC 30,90,285 voting rights (19.67%).
• Transaction Details: 2,49,750 warrants acquired; preferential allotment; convertible into equity.
• Post-Transaction Holding: Voting rights 83,36,975; Warrants 2,49,750; total 1,16,77,010.
• Equity and diluted capital after: 1,70,87,465 equity; diluted after 1,73,37,215.
• Date of allotment: 11.09.2026.
• Capital context: Before 157,13,840; After 1,70,87,465; Diluted after 1,73,37,215.

Key Update

• Board approves preferential allotment of 13,73,625 equity shares at ₹2,002 each, including ₹1,992 premium.
• Aggregate investment from five allottees totals ₹274.99 crore.
• Warrants: 2,49,750 convertible warrants issued to promoter Deepak Suresh Chaudhari.
• Warrants exercisable within eighteen months from allotment; upfront 25% paid.
• Six allottees paid; in-principle listing approvals from BSE and NSE received (Aug 31, 2026).
• Shares rank pari passu with existing shares.
• Post-issue paid-up capital: ₹17,33,72,150.
• Post-issue equity shares: 1,73,37,215.

Financial performance

• Standalone revenue rose to ₹504.56 Cr, up 27.06% YoY.
• Standalone EBITDA ₹83.15 Cr; margin 16.48%.
• Standalone PAT ₹42.80 Cr; margin 8.48%.
• Consolidated revenue ₹525.94 Cr, up 30.76%.
• Consolidated PAT ₹44.48 Cr; up 74.95%.
• EPS: Standalone ₹27.24; Consolidated ₹28.33.
• Dividend not declared for FY2025-26.

Capital structure & liquidity

• Stand-alone borrowings ₹183.78 Cr; consolidated ₹219.72 Cr.
• Gearing: Standalone 72.96%; Consolidated 85.43%.
• Debt-to-equity: Standalone 0.76; Consolidated 0.89.
• No dividend declared for the year.

Strategic initiatives

• Alric Electric Private Limited acquired and launched March 2026.
• EMS project: ₹20 crore investment; 40,000 sq ft dedicated infrastructure.
• Data-centre solutions via ODM; ~1 lakh sq ft allocated.
• Integrated Jalgaon facility ~3 lakh sq ft; Nashik & Bengaluru expansions.
• Alric to be a market-facing premium electrical brand.

Operations & governance

• Board eight directors; five independents; one woman independent.
• Auditors’ report: unmodified; no fraud reported.
• Internal Financial Controls: adequate and operating effectively.
• Whistle Blower policy in place; no complaints filed.

ESG & CSR

• CSR expenditure ₹62.03 Lakh; NAPS ₹55.56 Lakh; sanitation ₹6.47 Lakh.
• CSR obligation for 2026-27 ₹60.28 Lakh; excess ₹1.75 Lakh.
• CSR activities: sanitation facilities and youth skill development.

Outlook & growth

• FY2026-27 focuses on conversion of capacity and Alric scale.
• EMS and data-centre platforms to ramp up; ODM opportunities.
• Strengthen core OEM relationships and broaden customer base.

Shareholder & governance data

• Promoter stake 72.72%; top holder Deepak Chaudhari 53.05%.
• Shares outstanding: 15,713,840; listed on NSE and BSE.
• Valuation metrics: EPS and margins disclosed above.