Adcon Capital Services has scheduled its 32nd Annual General Meeting (AGM) for Wednesday, September 30, 2026. The book closure period runs from September 24 to September 30, 2026.

The board approved the report for FY25-26 along with its annexures in a meeting held on September 4, 2026. It also fixed the date, time, venue, and book closure period for the upcoming AGM. The notice for the meeting was issued following these approvals.

Director Re-Appointments

Mr. Piyush Saraf, who was retiring by rotation, offered himself for re-appointment as a director. The board approved his re-appointment effective September 4, 2026. Mr. Saraf is a commerce graduate from Kolkata University with expertise in capital markets, finance, and accounts.

Additionally, Mr. Suman Das was re-appointed as a Non-Executive Independent Director for a second term of five years. His tenure runs from January 19, 2027, to January 18, 2032. Mr. Das brings extensive experience in finance, corporate governance, and regulatory compliance.

Secretarial Auditor Change

M/s. Nishant Bajaj & Associates resigned as the company’s secretarial auditor effective September 4, 2026, citing pre-occupation with other professional commitments. The firm confirmed there were no material disputes or pending issues leading to the resignation.

The board appointed M/s. NNJ & Co., Practicing Company Secretaries, as the new secretarial auditor for a five-year term covering financial years 2026-27 to 2030-31. The peer-reviewed firm specialises in corporate law, secretarial compliance, and governance matters.

Share Capital Proposal

The board considered an alteration to Clause V of the Memorandum of Association to facilitate an increase in authorised share capital. This proposal requires further approval from shareholders and statutory authorities.

Adcon Capital Services Limited reported a net profit of ₹15.6 lakh for the first quarter of FY27 (ended June 30, 2026), marking a decline from the ₹23.9 lakh posted in the preceding quarter. Despite the dip in bottom-line figures, the company’s topline expanded significantly, with total income from operations rising to ₹1,441.1 lakh, up from ₹1,078.6 lakh in Q4FY26.

The Board of Directors approved the unaudited standalone and consolidated financial results in a meeting held on August 13, 2026. The results were subsequently filed with stock exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company demonstrated strong revenue growth compared to the corresponding period last year. Total income from operations surged to ₹1,441.1 lakh in Q1FY27, a substantial increase from just ₹268.9 lakh in Q1FY26. This operational expansion contrasts with the moderation in net profitability, which fell sequentially but remained higher than the ₹2.2 lakh recorded in the same quarter last year.

Earnings per share stood at ₹0.16 for the quarter, down from ₹0.29 in the previous quarter. The paid-up share capital remained unchanged at ₹1,000 lakh.

What the Numbers Show

A notable divergence exists between revenue growth and profit retention in the current quarter. While revenue expanded by approximately 34% sequentially (from ₹1,078.6 lakh to ₹1,441.1 lakh), net profit contracted by roughly 35% (from ₹23.9 lakh to ₹15.6 lakh). This suggests that cost structures or operating expenses may have risen disproportionately to revenue inflows during the period, compressing margins despite the significant top-line expansion.