Ceigall India Limited reported a 17.0% year-on-year increase in consolidated revenue from operations to ₹4,022 crore for the financial year ended March 31, 2026. The infrastructure developer’s profit after tax rose to ₹309 crore, supported by disciplined cost management and improved execution efficiency.

The company’s EBITDA stood at ₹585 crore, reflecting a margin of 14.6%. These results were presented during the 24th Annual General Meeting held on September 29, 2026, where shareholders adopted the audited standalone and consolidated financial statements without any qualifications from the statutory or secretarial auditors.

Order Book Strengthens to ₹23,000 Crore

A key highlight of the fiscal year was the robust expansion of the order book. As of March 31, 2026, the order book stood at approximately ₹18,554 crore. During the fourth quarter alone, the company secured order inflows of approximately ₹6,014 crore, driven by opportunities in roads and renewable energy. Post-year-end momentum has further strengthened the backlog to approximately ₹23,000 crore as of the meeting date.

Recent wins include a significant transmission order for a 765/400 KV, 300 km double-circuit transmission line with an associated substation in Gujarat and Maharashtra. Additionally, the company received Letters of Acceptance for six projects in Arunachal Pradesh under the Frontier Highway programme, aggregating approximately ₹3,100 crore.

Strategic Diversification and Asset Monetisation

Ceigall is transitioning from a pure-play highway contractor to a diversified infrastructure platform. The Chairman cum Managing Director, Ramneek Sehgal, highlighted that renewable energy and power transmission now account for a growing share of the order book. The portfolio includes a balanced mix of EPC, HAM, tariff-based, and DBFOT projects.

The company continues to pursue capital recycling through the monetisation of mature HAM assets. The divestment process for the Malout–Abohar Sadhuwali HAM asset concluded on June 16, 2026, while other mature assets are undergoing due diligence. This strategy aims to redeploy capital into new growth opportunities while maintaining financial discipline.

What the Numbers Show

The divergence between the March 31 order book (₹18,554 crore) and the current order book (₹23,000 crore) indicates strong immediate-term demand visibility. The addition of approximately ₹4,446 crore in orders since the fiscal year-end suggests that Q1FY27 has already seen significant booking activity, particularly in the high-margin transmission and distribution sector. This rapid replenishment supports revenue continuity beyond the current FY26 base of ₹4,022 crore.

Governance and Board Changes

Shareholders approved several governance-related resolutions during the AGM. Key appointments include:

• Re-appointment of Ramneek Sehgal as Chairman cum Managing Director.
• Re-appointment of Vishal Anand and Gurpreet Kaur as Non-Executive Independent Directors for a second term.
• Appointment of Ankit Kumar Agarwal as Non-Executive Independent Director.
• Appointment of Ayyalusamy Saravanan and Pawan Kumar as Whole Time Directors.

The board also approved material related-party transactions with various subsidiaries, including Ceigall Ambala Chandigarh Zirakpur Limited, Ceigall Green Energy MH1 Limited, and Velgaon Power Transmission Limited.

Ceigall India Limited has extended its upcoming analyst and institutional investor meetings by adding a third day of interactions on September 30, 2026. The company will host one-on-one sessions in Mumbai from September 28 through September 30, providing market participants with additional access to its management team.

Meeting schedule and format

The engagement sessions are structured as individual one-on-one meetings rather than group presentations or conference calls. The company specified that these interactions are intended to provide direct access to its management team for market participants. The newly added date follows the previously announced two-day schedule.

Regulatory compliance and disclosures

The intimation was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company explicitly stated that no unpublished price sensitive information (UPSI) pertaining to Ceigall India would be shared during any of the scheduled meetings.

Megha Kainth, Company Secretary, signed the digital notice dated September 27, 2026, for the added date, following the initial notice dated September 23, 2026. The company noted that the dates are subject to change due to exigencies on the part of the company, investors, analysts, or hosts. This information is also available on the corporate website at www.ceigall.com .