Atal Realtech accepts resignation of Independent Director

Atal Realtech accepted the resignation of Akshay Vinod Dhongade as Independent Director effective from the close of business hours on July 15, 2026. The resignation was submitted due to the director's pre-occupancy, and he confirmed there were no other material reasons for the decision. The Board of Directors placed on record its appreciation for the guidance provided by Dhongade during his tenure with the company.

The disclosure was made to the National Stock Exchange of India and BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that Dhongade does not hold directorships or memberships of board committees in any other listed entity besides Atal Realtech Limited.

Resignation Details

The following table outlines the key particulars regarding the change in directorship:

Sr. No.	Particulars	Details
01	Name	Mr. Akshay Vinod Dhongade
02	Reason for change	Resignation due to Pre-Occupancy
03	Date of cessation	July 15, 2026
07	Other directorships	None, except Atal Realtech Limited

The resignation letter was received by the company on July 15, 2026. Vijaygopal Parasram Atal, Managing Director, signed the intimation sent to the exchanges.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.10%	+5.01%	+0.20%	+13.13%	+60.81%	+737.74%

Atal Realtech Ltd reported a financial turnover of ₹120 crore for the financial year 2025-26, marking a significant increase from ₹95.72 crore in the preceding year. The infrastructure sector company, which transitioned into a public limited entity in 2020, has outlined a robust growth trajectory driven by government contracts and residential housing projects.

The company's financial performance shows a steady rise in profitability and asset base. Profit after tax for FY26 stood at ₹6.49 crore, compared to ₹3.54 crore in the previous fiscal year. Concurrently, the net worth of the firm grew to ₹97 crore in FY26, up from ₹67.29 crore in FY25.

Financial Performance

Atal Realtech has demonstrated consistent financial growth over the past several years. The following table details the company's turnover, profit after tax, and net worth from FY19 to FY26.

Financial Year	Turnover (₹ Cr)	PAT (₹ Cr)	Net Worth (₹ Cr)
2025-26	120	6.49	97
2024-25	95.72	3.54	67.29
2023-24	41	2.14	38
2022-23	41	2.17	36
2021-22	41	2.15	34
2020-21	42	2.1	31
2019-20	69	2.4	27
2018-19	68	2.2	25

Strategic Operations and Projects

The company operates as a registered "Class IA" contractor with the Public Works Department and the Public Works Tribal Department of the Government of Maharashtra. Its operational strategy focuses on mass housing construction and infrastructure development, including targeting BOT and annuity projects for long-term revenue.

Atal Realtech's project portfolio includes a total value of ₹515.04 crore across various initiatives. Key ongoing and completed projects encompass the construction of court complexes, administrative buildings, and hospitals. Notable assignments include the court complex at Moshi in Pimpri Chinchwad valued at ₹91 crore and the central tribal administrative complex at Nashik valued at ₹62.41 crore.

Leadership and Structure

Founded by Shri Vijaygopal P. Atal, the company's management team includes directors Mr. Amit S Atal and Miss Tanvi Atal. The board also comprises independent directors Mr. Kuntal Badiyani, Mrs. Sharanya Shetty, and Mr. Akshay Dhongade. The organizational structure supports its operations through dedicated departments for administration, purchase, finance, and project management.