Anand Projects Limited has approved the re-appointment of Manish Sharma as an Independent Director and Rajesh Kumar Sharma as a Whole-time Director, ensuring continuity in its leadership structure for the next five years. The Board of Directors made the decisions on July 28, 2026, based on recommendations from the Nomination and Remuneration Committee. Both appointments are subject to shareholder approval at the company’s upcoming Annual General Meeting. The new terms commence on December 23, 2026, and conclude on December 22, 2031.

The move stabilizes the board composition ahead of the current term's expiration. Manish Sharma will serve his second consecutive term as an Independent Director, bringing expertise in finance, accounting, and business management. Rajesh Kumar Sharma will continue as a Whole-time Director under the category of Key Managerial Personnel (KMP), leveraging his extensive experience in finance and indirect taxation since 1986. Neither director is related to existing directors, KMPs, or promoters of the company.

Appointment Details

The Board confirmed that both individuals are not debarred from holding office by SEBI or any other authority. The disclosures comply with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Regulatory Compliance

The intimation was issued under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosures also align with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Pranjali Gupta, Company Secretary and Compliance Officer, signed the communication to the Bombay Stock Exchange Limited.

What the Numbers Show

The simultaneous re-appointment of both an Independent Director and a Whole-time Director suggests a strategic focus on governance stability and operational continuity. By securing these positions for a full five-year cycle starting in late 2026, Anand Projects Limited avoids potential leadership vacuums during the transition period, allowing management to focus on long-term strategic initiatives without interim board disruptions.

Anand Projects Limited narrowed its consolidated net loss to ₹58.15 lakh for the year ended March 31, 2026, from a loss of ₹946.91 lakh in the previous year. The company reported total income of ₹570.43 lakh for FY26, an increase from ₹319.42 lakh in the corresponding period of the previous year. Revenue from operations stood at ₹120 lakh, while other income contributed ₹450.43 lakh to the total earnings.

For the quarter ended March 31, 2026, the company reported a net loss of ₹305.71 lakh on a standalone basis. Total income for the quarter was ₹49.16 lakh, comprising ₹30 lakh from operations and ₹19.16 lakh from other income. Total expenses for the quarter amounted to ₹457.69 lakh. The basic and diluted earnings per share (EPS) for the quarter were reported at (₹32.72).

Financial Performance Overview

The annual results show a shift in the company's financial structure. While revenue from operations remained consistent at ₹120 lakh compared to the prior year, other income surged to ₹450.43 lakh from ₹199.42 lakh. Total expenses for FY26 were ₹592.45 lakh, up from ₹584.54 lakh in FY25. The company's paid-up share capital remained unchanged at ₹93.43 lakh.

Board Approval and Compliance

The Board of Directors approved the audited standalone and consolidated financial results in a meeting held on May 28, 2026. The meeting commenced at 12:00 Noon and concluded at 01:10 P.M., complying with SEBI regulations. The Audit Committee reviewed the results prior to the Board's approval.

Chopra Vimal & Co., Chartered Accountants, audited the financial results and issued an unmodified opinion. The firm confirmed that the results give a true and fair view of the company's financial position in conformity with the recognition and measurement principles laid down in the applicable Accounting Standards. The company operates in a single segment, Engineering, Procurement and Construction.

The company submitted certified copies of newspaper cuttings regarding the publication of these audited results to the Bombay Stock Exchange on May 29, 2026. The results were published in the Financial Express and Jansatta on the same day, complying with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.