Meghna Infracon Infrastructure Ltd

Dematerialisation status

• Regulation not applicable; holdings in demat form, no dematerialisation or rematerialisation requests in the reporting period.

AGM Details

• Held on 30 September 2026 at 11:00 IST via VC/OAVM from registered office.
• Remote e-voting open 27–29 September 2026, 09:00–17:00 IST.

Key Resolutions

• Ordinary: Adopt standalone financial statements and Board/Auditors' reports for year ended 31 Mar 2026.
• Ordinary: Adopt consolidated financial statements and reports for year ended 31 Mar 2026.
• Ordinary: Re-appoint Vikram Jayantilal Lodha by rotation.
• Ordinary: Declare final dividend of ₹0.25 per equity share.
• Ordinary: Appoint Ms. Naysaa Vikram Lodha as Non-Executive Non-Independent Director.
• Special: Approve revised remuneration of Vikram Jayantilal Lodha, Whole-time Director.
• Special: Approve revised remuneration of Meghna Vikram Lodha, Whole-time Director.

Voting Status

• Voting results not disclosed in filing; to be submitted later.

Director Changes

• Re-appointment by rotation: Vikram Jayantilal Lodha.
• Appointment: Ms. Naysaa Vikram Lodha as Non-Executive Non-Independent Director.

Auditors / Related Parties

• No auditor changes disclosed; no material related party transactions mentioned.

Meghna Infracon Infrastructure Limited trading window closed from Oct 01, 2026 till 48 hours after the declaration of the UnAudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026

Promoter open-market acquisition

• Promoter Vikram Lodha disclosed acquisition of 10,000 equity shares from open market.
• Pre-acquisition holding: 57,68,483 shares, 26.55% stake.
• Post-acquisition holding: 57,78,483 shares, 26.60% stake.
• Acquisition value: Rs 68,79,900.
• Date of acquisition and intimation to company: 17 September 2026.
• Mode of acquisition: On Market.

Promoter share acquisition

• Promoter Vikram Jayantilal Lodha purchased 10,000 shares in the open market on 17 Sep 2026.
• Total value Rs 68,79,900 at Rs 687.99 per share, representing 0.046% of total shareholding.
• Acquirer category: Promoter.

Management changes

• Ishaan Vikram Lodha resigns as Non-Executive Director with immediate effect.
• Ishaan Vikram Lodha appointed Chief Executive Officer with immediate effect; term until ensuing AGM.
• Ms. Naysaa Vikram Lodha appointed Additional Director (Non-Executive) effective 14/08/2026; regularised at AGM.
• Ishaan Lodha is son of Vikram Lodha and Meghna Lodha.
• Ms. Naysaa Vikram Lodha is daughter of Vikram Lodha and Meghna Lodha; sister of Ishaan Lodha.

AGM notice and AR access

• 19th AGM scheduled for Sept 30, 2026 at 11:00 AM IST via VC/OAVM.
• Web-link to Annual Report 2025-26 and AGM notice provided for members lacking registered emails.
• AR and AGM details also available on BSE site and Bigshare online portal.
• Members urged to update KYC and email addresses with DP or RTA to receive communications.
• Registrar and Share Transfer Agent: Bigshare Services Pvt. Ltd. for queries.

Financials

• Standalone revenue from operations: ₹761.68 Lakh; PAT: ₹538.97 Lakh.
• Standalone total revenue: ₹1,039.20 Lakh; EPS: ₹2.48.
• Consolidated revenue: ₹4,632.02 Lakh; PAT: ₹559.49 Lakh.
• Consolidated EPS: ₹2.48; no change in per-share metrics.
• Interim dividend ₹0.10; final dividend ₹0.25 proposed for FY2025-26.
• Bonus issue 1:1; record date 08-Jul-2025; 10,861,875 new shares issued.
• Authorized capital ₹25 crore; paid-up ₹21.72 crore; 21,723,750 shares outstanding.

Dividends & capital structure

• Final dividend ₹0.25 per share; record date 17 Sep 2026; payout post-AGM.
• Interim dividend ₹0.10 per share paid in May 2025.
• Bonus issue 1:1; 10,861,875 shares issued on 08 Jul 2025.
• Promoter group held ~46.92% as of 31 Mar 2026.
• Top holders: Vikram Lodha ~26.55%, Meghna Lodha ~7.33%, Ishaan Lodha ~6.00%, Naysaa Lodha ~6.07%.

Governance & leadership

• Six board meetings; five Audit Committee meetings; one Nom&Rem committee; one StkHldr committee.
• Bhavin Gala ceased as Independent Director on 18 Jun 2025.
• Naysaa Vikram Lodha appointed Additional Director (Non-Executive) from 14 Aug 2026; regularization sought.
• Ishaan Vikram Lodha appointed CEO from 14 Aug 2026; previously CEO until Feb 9, 2026.
• Women directors on board: Meghna Lodha, Meena Jain, and Naysaa Lodha.

Operations & pipeline

• Five ongoing projects; aggregate GDV ₹282.69 crore; area 2.90 lakh sq ft.
• Upcoming pipeline of 11 identified projects; GDV ₹2,151 crore; area 14.15 lakh sq ft.
• Redevelopment-led growth; focus on Mumbai micro-markets; disciplined capex.
• Strategy emphasizes scalable portfolio with execution discipline.

Subsidiaries & investments

• Subsidiaries/LLPs/AOP: Meghna Aakar Constructions; Meghna Infracon LLP; Navkhanda Infracon LLP; Meghna Developers AOP; Vikmegh Constructions LLP.
• Meghna Infracon LLP is a material subsidiary.
• Meghna Aakar Constructions turnover ₹1,215.42 Lakh; Meghna Infracon LLP ₹2,133.39 Lakh; Meghna Developers AOP ₹519.22 Lakh.
• Vikmegh Constructions LLP turnover ₹0; Navkhanda Infracon LLP ₹0.

Audit & compliance flags

• Emphasis of Matter: EPF registration not done; gratuity provision not recorded.
• Tax dispute: ₹36.84 crore AY 2018-19; appeal filed; going concern dependent on outcome.
• Internal controls deemed adequate; Secretarial audit: no adverse remarks.
• Ind AS compliance and governance processes viewed as robust.

Outlook & risks

• Opportunities in Mumbai’s premium housing and redevelopment segments.
• Redevelopment-driven growth; opportunities via JVs and acquisitions.
• Risks: regulatory delays, construction cost inflation, skilled-labour shortages, interest-rate moves.
• Management intends to monetise existing portfolio and expand in targeted micro-markets.

Regulatory & shareholder info

• 19th AGM scheduled for 30 Sep 2026 via VC/OAVM.
• Record date for final dividend: 17 Sep 2026; notices issued electronically.
• Annual report and notices available on Meghna Realty and BSE websites.

Q1 FY27 highlights

• Sales bookings: Rs 190 million in Q1 FY27.
• Revenue: Rs 84.38 million in Q1 FY27.
• EBITDA: Rs 9.30 million; PAT: Rs 5.67 million.
• Collections: Rs 84.31 million; EBITDA margin 11.03%; PAT margin 6.72%.
• Projects: 12; area under development 253,230 sq ft.

Financial position & cash flows

• FY26 revenue: Rs 462.0 mn; EBITDA: Rs 102.23 mn.
• PAT FY26: Rs 55.9 mn; PAT margin 12.10%.
• Total equity funds: Rs 268.98 mn; Total assets: Rs 577.172 mn.
• Cash flow FY26: Operating activities − Rs 247.5 mn; investing + Rs 302.0 mn.
• D/E ratio around 0.27; debt-light balance sheet.