Techno Electric & Engineering Company Ltd

Issue Overview

• Type: QIP; securities: Equity Shares.
• Total issue size reported; revision in allocation noted.
• Main objectives: funding EPC for NERES XVI/NERGS I; AMI projects; data center; general corporate purposes.

Utilisation of Proceeds

• Utilisation not fully as per offer document due to project cancellation.
• Objects revised; funds reallocated to data center project.
• NERES I/NERGS I: end-quarter utilisation partial; unutilised funds carried.
• AMI Solutions 1 & 2 fully utilised.
• Data center funding allocated; fully utilised.
• GCP allocated and fully utilised; board approved.
• Unutilised funds invested in ultra-short funds.
• Delay due to cancellation; no precise days available.

Governance & Compliance

• Board approvals obtained for revised allocations.
• All government approvals obtained for objects except cancellation of NERGS I.
• Data center approvals obtained; cancellation noted.
• No other material events affecting viability.

General Corporate Purpose

• GCP used for general corporate purposes; board approved allocation; utilisation completed.

Meeting Details

• Event: Investor's/Analyst Presentation on quarter ended 30 June 2026.
• Transcript copy of the presentation is available.
• Link to transcript provided in the filing.

Participants

• Key participant: Company Secretary.

Purpose

• Discuss quarterly financial results for the quarter ended 30 June 2026.

Financials

• Standalone Q1 ended 30 Jun 2026: revenue from operations ₹6,416.41m; PAT ₹961.55m.
• Consolidated Q1 ended 30 Jun 2026: revenue ₹6,303.41m; PAT ₹933.28m.
• Standalone revenue up ~24.9% YoY; consolidated revenue up ~19.8% YoY.
• Standalone PAT declined ~1.9% YoY; consolidated PAT fell ~31% YoY.
• Overdue trade receivables totaled ₹896.35m; management says fully recoverable; no impairment.
• Afghanistan project receivables ₹589.82m; some payments received; recovery expected.
• Bengal Energy Limited receivable ₹118.26m under arbitration; award expected by 15 Nov 2026.
• AGM fixed for 23 Sep 2026 via video conferencing; Independent Director Aninda Chatterjee nominated.
• Board approved standalone and consolidated unaudited quarterly results; auditor reviews filed.

Dematerialisation processing status

• Dematerialisation requests processed; confirmations issued to depositories.
• Securities dematerialised listed on the stock exchanges.
• Physical certificates mutilated and cancelled; depository named as registered owner.

Inter-se promoter share transfer (gift)

• Date of transfer: 30 June 2026.
• Transfer involves an inter-se gift from Ankit Saraiya to Techno Family Welfare Trust.
• Number of shares transferred: 200,000 equity shares (0.17% of share capital).
• Transferor: Ankit Saraiya; Transferee: Techno Family Welfare Trust.
• No consideration involved; transfer by gift.
• Aggregate promoter and promoter group holding remains unchanged.
• Exemption claimed under Regulation 10(1)(a)(ii) of SEBI SAST Regulations.
• Disclosure under Regulation 10(5) SEBI SAST submitted.
• Rationale: streamline family assets within promoter group.