Manideep Katepalli, along with Persons Acting in Concert (PAC), has confirmed holding 71,65,825 equity shares in Bikewo Green Tech Limited as of the financial year ended March 31, 2026. The disclosure, submitted to the National Stock Exchange of India Limited, confirms that no shares were encumbered directly or indirectly during this period. This declaration was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The filing serves as an intimation to the exchange regarding the shareholding status and the absence of any encumbrance on the shares held by the promoter group. The registered office of Bikewo Green Tech Limited is located at H.No. 1-90/7/B/38, Flat No. 201, 2nd Floor, Lakshmi Sai Damam, Road No. 5, Patrika Nagar Madhapur, Hyderabad, Telangana.

Shareholding Details

The disclosure provides specific details regarding the shareholding and the regulatory compliance status for the financial year FY26.

The declaration was signed and submitted by Manideep Katepalli on April 7, 2026, from Vijayawada. The document was addressed to the Manager of the National Stock Exchange of India Limited for information and record-keeping purposes.

Bikewo Green Tech Limited reported a net profit of ₹331.21 lakh for the financial year ended March 31, 2026, marking a 403% increase compared to ₹65.78 lakh in the previous year. Revenue from operations surged to ₹5,448.99 lakh from ₹2,351.96 lakh in FY25, driven by the trading of electric vehicles and the commencement of logistics and mobility services. The Board of Directors approved the audited standalone and consolidated financial results at a meeting held on May 27, 2026.

The company’s total income for FY26 stood at ₹5,450.05 lakh, up from ₹2,363.17 lakh in the prior year. Total expenses increased to ₹4,996.70 lakh from ₹2,275.16 lakh, attributed to higher operating costs and inventory changes. Earnings per share (EPS) for the year improved to ₹2.54 from ₹0.59 in FY25. The statutory auditors, N G Rao & Associates, issued an unmodified opinion on the financial results, confirming compliance with Indian Accounting Standards and SEBI regulations.

Financial Performance

The standalone profit and loss statement highlights a robust growth in operational scale. Operating expenses rose to ₹4,380.16 lakh, while employee benefit expenses increased to ₹157.89 lakh. The company capitalized capital work-in-progress of ₹954.82 lakh under other intangible assets during the year, as the related projects were completed.

Consolidated Results and Investments

On a consolidated basis, the company reported a net profit of ₹327.48 lakh for FY26, compared to ₹65.78 lakh in the previous year. The results include the financials of Mear Logistics LLP, which became an associate during the year. Bikewo Green Tech invested ₹10.20 lakh in the LLP for a 33% profit-sharing ratio. The associate reported a total net loss of ₹11.32 lakh for the year ended March 31, 2026.

Assets and Liabilities

The total assets of the company stood at ₹5,087.65 lakh as of March 31, 2026, up from ₹4,076.38 lakh in the previous year. Equity and liabilities increased to ₹5,087.65 lakh, with equity share capital remaining constant at ₹1,304.33 lakh. Borrowings rose significantly, with long-term borrowings at ₹149.52 lakh and short-term borrowings at ₹465.66 lakh.

Fund Utilization

The company confirmed that ₹2,407.35 lakh out of the gross IPO proceeds of ₹2,409.32 lakh has been utilized as per the objects stated in the prospectus. Unspent IPO proceeds of ₹1.97 lakh are maintained in an escrow account with Axis Bank. Funds were primarily used for purchasing electric vehicles, setting up dealerships, repaying borrowings, and general corporate purposes.