Brady & Morris Engineering Company Limited will hold its 80th Annual General Meeting on September 26, 2026. The meeting is scheduled for 11:30 am and will be conducted through video conference or other audio-visual means.

Brady & Morris Engineering announced the corporate action in compliance with the Companies Act, 2013, SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and Ministry of Corporate Affairs circulars. The company stated that members attending via VC/OAVM will be counted for quorum purposes under Section 103 of the Act.

Voting Details

The company has enabled remote e-voting and e-voting at the AGM in accordance with Section 108 of the Act and Regulation 44 of the SEBI LODR. Shareholders can cast their votes electronically on all resolutions set forth in the AGM Notice.

Members whose email addresses are registered with the company, depository participants, or Bgshare Services Private Limited (RTA) will receive the Annual Report for FY26 and the AGM Notice electronically. Those without registered emails will receive a letter with a web link to access these documents.

KYC and Email Updates

The company requested members who have not updated their email addresses and KYC details to do so promptly. For demat holdings, updates should follow the depository participant's process. Physical share holders must submit Form ISR-1, ISR-2, ISR-3, SH-13, or other prescribed forms to the RTA along with requisite documents.

Pavan G. Morarca, Chairman, signed the notice issued from Mumbai on August 25, 2026.

Brady & Morris Engineering Company Limited reported a significant decline in profitability for the first quarter of FY27, with net profit falling by nearly half compared to the previous year. The company posted a net profit of ₹77.18 lakh for the quarter ended June 30, 2026, down from ₹153.95 lakh in Q1FY26. This contraction was primarily driven by a 12% year-on-year drop in revenue from operations, which stood at ₹1,744.64 lakh, compared to ₹1,984.37 lakh in the corresponding period last year.

The Board of Directors approved the unaudited financial results on August 13, 2026. The results were reviewed by M/s. R. K. Doshi & Co. LLP, the statutory auditors, who expressed an unmodified conclusion on the interim financial information prepared under Ind AS 34.

Financial Performance Overview

The company’s total income for the quarter was ₹1,805.67 lakh, comprising revenue from operations and other income of ₹61.03 lakh. In contrast, total expenses amounted to ₹1,702.42 lakh. While cost of materials consumed decreased to ₹924.30 lakh from ₹1,189.67 lakh in Q1FY26, reflecting lower production volumes aligned with reduced sales, other operational costs remained sticky.

Employee benefits expenses rose slightly to ₹371.86 lakh from ₹351.27 lakh, indicating fixed cost pressures despite lower revenue generation. Finance costs declined marginally to ₹17.60 lakh from ₹20.40 lakh, suggesting a modest reduction in interest-bearing liabilities or rates.

What the Numbers Show

A key divergence in the quarter’s performance lies in the movement of inventory versus revenue. While revenue fell by 12%, the company recorded a positive change in inventories of finished goods and work-in-progress amounting to ₹102.57 lakh, compared to a negative change of (₹58.54 lakh) in Q1FY26. This shift suggests that production outpaced sales during the period, leading to stock accumulation rather than immediate conversion into revenue. This inventory buildup contributed to higher total expenses relative to the decline in top-line growth, compressing margins.

Other Developments

Alongside the financial results, the Board issued the notice for the company’s 80th Annual General Meeting (AGM), scheduled for Saturday, September 26, 2026. The company continues to operate without any subsidiaries, joint ventures, or associate companies, meaning consolidated results are not applicable. The paid-up equity share capital remains unchanged at ₹225.00 lakh.

Earnings per share (EPS) for the quarter stood at ₹3.43, down significantly from ₹6.84 in Q1FY26, mirroring the decline in net profit attributable to equity shareholders.