Cemindia Projects Limited will host one-on-one and group meetings with investors and analysts on August 25 and 26, 2026. The sessions will be held physically in Singapore and Hong Kong, organized by ICICI Securities Limited and IIFL Capital Services Limited respectively. The company stated that dates are subject to change due to exigencies.

Financial Performance and Order Book

As of June 30, 2026, Cemindia reported an all-time high order book of ₹31,307 crore. This includes ₹8,519 crore in orders secured during Q1FY27. The portfolio spans over 80 projects across eight sectors, with 98% of the business based in India and 2% overseas. Client composition is diversified, with 63% from private entities, 27% from PSUs, and 10% from government bodies.

For Q1FY27, revenue grew 6% year-on-year to ₹2,721 crore, while EBITDA rose 9% to ₹285 crore. Profit after tax (PAT) increased 3% to ₹141 crore. Net worth expanded 26% year-on-year to ₹2,492 crore. Net debt stood at ₹700 crore, up from ₹527 crore at the end of FY26. Return on capital employed (RoCE) was 33%, and return on equity (RoE) was 27%.

Sectoral Breakdown and Strategy

The order book is led by maritime structures at ₹7,258 crore (23%), followed by urban infrastructure, MRTS, and airports at ₹6,494 crore (21%). Industrial structures and buildings account for ₹5,314 crore (17%), while data centers represent ₹4,154 crore (13%). Other segments include water and wastewater (₹3,414 crore), highways and bridges (₹2,617 crore), foundation engineering (₹1,296 crore), and hydro/dams (₹760 crore).

Cemindia aims to become one of India’s top three EPC players, leveraging its acquisition by Renew Exim DMCC, an Adani Group entity. The company highlighted synergies with the Adani ecosystem, including access to project pipelines in ports, airports, and data centers. It has also entered new geographies such as Sri Lanka, Bangladesh, Myanmar, and the UAE.

What the Numbers Show

The rise in net debt from ₹527 crore in FY26 to ₹700 crore in Q1FY27 coincides with a record order book expansion. While revenue and EBITDA grew moderately in Q1FY27, the significant increase in net debt suggests active working capital deployment or financing for upcoming large-scale projects, particularly in capital-intensive sectors like maritime structures and data centers.

Cemindia Projects Limited shareholders approved a special resolution to raise capital from eligible investors through the issuance of equity shares and/or other eligible securities in one or more tranches. The Extra-Ordinary General Meeting (EGM) was held on August 17, 2026, via video conferencing and other audio-visual means at the company's registered office in Mumbai. The meeting commenced at 11:00 am and concluded at 11:46 am (IST).

The resolution received overwhelming support, with 99.01% of the total valid votes cast in favor. The promoter group voted unanimously in support, while institutional investors also backed the move with a 91.28% approval rate among those who voted. The company, formerly known as ITD Cementation India Limited, confirmed the outcome in its regulatory filing to the BSE and NSE.

Voting Breakdown

The company reported a total of 1,30,73,2458 votes polled out of 17,17,87,584 shares held by shareholders on the record date of August 10, 2026. This represents a participation rate of 76.10% of outstanding shares.

What the Numbers Show

The voting data reveals a divergence between promoter and institutional sentiment. While the promoter group cast 100% of its votes in favor, institutional investors voted against the resolution in 8.72% of their polled votes. This suggests some hesitation among larger investors regarding the dilution or terms associated with the proposed capital raise, despite the overall passage of the resolution.

Procedural Details

The remote e-voting period commenced on August 13, 2026, and concluded on August 16, 2026. E-voting was also available during the EGM for members who had not voted earlier. M/s Parikh & Associates was appointed as the scrutinizer to oversee the e-voting process. The company stated that promoters and the promoter group had no interest in the agenda or resolution. Rahul Neogi, Company Secretary, signed the proceedings.