B.R.Goyal Infrastructure Limited reported a 78% year-on-year increase in profit after tax to INR44.92 crores for the financial year ended March 31, 2026. The growth was supported by a 61% rise in revenue from operations, which reached INR820 crores compared to INR510 crores in the previous year, driven by higher execution in its EPC business and an increasing contribution from toll collection contracts.

The company's EBITDA grew by 82% year-on-year to INR75 crores, with margins improving by 105 basis points to 9.13%. For the second half of FY26, revenue stood at INR478 crores, while profit after tax for the period was INR28.72 crores. The board has recommended a maiden dividend of 0.25% per share, equivalent to 2.5% of the face value of INR10 per share.

Operational Highlights and Order Book

B.R.Goyal Infrastructure secured several significant orders during the year, including a wastewater treatment project in Tamil Nadu valued at approximately INR167 crores and multiple toll collection contracts from the National Highways Authority of India (NHAI). Notable toll wins included the Kathpur plaza at INR91.71 crores and the Simliya plaza at INR86.7 crores. As of March 31, 2026, the company's order book stood at approximately INR1,235 crores.

Strategic Developments

The board approved a preferential issue of convertible warrants aggregating up to INR13.09 crores to strengthen the company's capital base. Additionally, India Ratings upgraded the company's short-term banking loan facility rating to IND A2 from IND A3+. The company also acquired a 10% stake in Virtuoso Infra Meditech LLP as part of its inorganic growth strategy. Management stated it is targeting an EBITDA margin of 10% to 11% for the current year.

B.R.Goyal Infrastructure Limited has scheduled an Extra-Ordinary General Meeting (EGM) on 29 June 2026 at 03:00 PM IST to seek shareholder approval for issuing convertible warrants and increasing borrowing limits. The meeting will be conducted via video conferencing, with remote e-voting available from 26 June 2026 to 28 June 2026. The cut-off date to determine eligibility for voting is 22 June 2026.

The primary agenda item is the issuance of up to 11,00,000 (Eleven Lakh) convertible warrants to non-promoters on a preferential basis. Each warrant, with a face value of ₹10, will be issued at ₹119, including a premium of ₹109, aggregating to ₹13,09,00,000. The proceeds are intended to meet working capital requirements. The warrants are convertible into one equity share each within 18 months of allotment. The proposed allottees include individuals and entities such as Henal Mayank Mamania, Mavira AMC LLP, and Sonal R Karani.

Shareholders will also vote on a special resolution to borrow money exceeding specified limits under Section 180(1)(c) of the Companies Act, 2013. The company seeks approval to borrow up to ₹700.00 Crore, secured or unsecured, to fund business operations. Additionally, the EGM will seek approval to create charges on movable and immovable properties of the company under Section 180(1)(a) to secure these borrowings.

The e-voting facility is provided by MUFG Intime India Private Limited (formerly Link Intime India Private Limited). CS Ankit Joshi has been appointed as the scrutinizer for the voting process. The notice of the EGM was dispatched to shareholders on 04 June 2026. All resolutions require a special majority to pass.

Key Meeting Details

Resolution Details