Bhudevi Infra Projects Limited concluded its 34th Annual General Meeting on September 30, 2026, with all four proposed resolutions passing unanimously. The meeting, held in Hyderabad, saw shareholders approve the adoption of audited financial statements for FY26 and an increase in authorised share capital.

The company reported that all business items mentioned in the notice dated September 2, 2026, were duly transacted. Voting results indicate strong promoter participation, with the promoter group casting votes for 100% of the shares they hold across all resolutions. Public non-institutional shareholders participated minimally, with only 23,376 votes polled out of 1,322,686 shares held.

Resolutions approved at the meeting

The following ordinary resolutions were considered and passed:

• Adoption of the audited financial statements for the financial year ended March 31, 2026.
• Re-appointment of Mrs. Pathika B Bhatt as a director retiring by rotation.
• Appointment of Mr. Kapil Mehta as a new director of the company.
• Increase in authorised share capital and subsequent modification of the Memorandum of Association.

Voting participation details

The scrutinizer’s report highlighted a significant disparity in voting turnout between promoters and public shareholders. While the promoter group voted on 100% of their holdings, public institutional shareholders recorded zero participation. Public non-institutional shareholders cast votes representing just 1.77% of their total holding.

What the numbers show

The data reveals a high concentration of control within the promoter group, who hold approximately 71.2% of the total outstanding shares (3,266,552 out of 4,589,238). Given that the total votes polled represented 71.69% of outstanding shares, the outcome was effectively determined by the promoter group's unanimous support. The negligible public participation (less than 2% of public shares voted) underscores the limited influence of minority shareholders on corporate governance decisions at this stage.

Bhudevi Infra Projects reported a net profit of ₹11.63 lakh for the financial year ended March 31, 2026, a significant decline from the ₹33.40 lakh recorded in FY25.

The company's revenue from operations fell to ₹287.76 lakh in FY26, compared to ₹358.05 lakh in the previous year. The board of directors attributed the drop in profitability to higher operating costs associated with its construction projects.

Financial Performance

The decline in net profit was accompanied by a contraction in key profitability metrics. The net profit ratio decreased to 0.04% from 0.09% in FY25. Return on equity also slipped to 0.10% from 0.33% in the prior year.

Total expenses for the year stood at ₹281.29 lakh, down from ₹313.48 lakh in FY25. However, the reduction in expenses was not sufficient to offset the decline in revenue, leading to a lower profit before tax of ₹7.20 lakh compared to ₹44.63 lakh in FY25.

Capital Restructuring and AGM

During a board meeting held on September 2, 2026, the company approved an increase in its authorized share capital from ₹6 crore to ₹10 crore. This involves creating 40 lakh additional equity shares of ₹10 each, which will rank pari-passu with existing shares.

The 34th Annual General Meeting (AGM) is scheduled for September 30, 2026, at 10:00 am in Hyderabad. Key agenda items include:

• Adoption of audited financial statements for FY26.
• Reappointment of Mrs. Pathika B Bhatt as a director.
• Appointment of Mr. Kapil Mehta as an executive director.
• Approval of the increase in authorized share capital.

What the Numbers Show

The financial data reveals a shift in the company's cost structure. While total expenses decreased by approximately 10% year-on-year, revenue declined by nearly 20%. This divergence suggests that while the company managed to reduce overall spending, likely through lower subcontracting costs (which fell from ₹244.86 lakh to ₹62.24 lakh), it failed to maintain proportional revenue generation. Additionally, employee benefit expenses rose sharply to ₹89.46 lakh from ₹44.89 lakh, indicating increased operational overheads despite the smaller revenue base.