Cemindia Projects Limited (formerly ITD Cementation India Limited) has submitted its Annual Report for the financial year ended March 31, 2026 to BSE Limited and the National Stock Exchange of India Limited, pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was made on May 29, 2026, and also includes the Notice convening the company's 48th Annual General Meeting (AGM), scheduled to be held on Saturday, June 27, 2026 at 2.30 p.m. (IST) through Video Conferencing / Other Audio Visual Means.

Financial Performance: Strong Revenue Growth and Record Profitability

FY 2025-26 delivered robust financial results across both standalone and consolidated bases. The following table summarises the key performance highlights:

The company's balance sheet remained healthy, with a net debt-to-equity ratio of 0.22, reflecting disciplined capital management. The strong financial performance was accompanied by credit rating upgrades to A+ (Stable) from both CARE Ratings and ICRA during the year.

Record Order Book and New Contract Wins

The company secured record new order inflows during FY 2025-26, reinforcing its multi-year revenue visibility. Key order book metrics are presented below:

Major contracts secured during FY 2025-26 with a value of ₹200 crores and above included projects spanning metro rail tunnels in West Bengal and Maharashtra, a data centre in Maharashtra, four-laning road works in Bihar, container terminal berths at Vizhinjam in Kerala, jetty construction works in Abu Dhabi, and infrastructure works at Jaipur and Trivandrum International Airports, among others.

Several landmark projects were also completed during the year, including the Mumbai Underground Metro in Maharashtra, the Kolkata Underground Metro in West Bengal, the Vizhinjam breakwater in Kerala, and the Circuit Bench of Calcutta High Court at Jalpaiguri in West Bengal.

Strategic Transformation: Integration into the Adani Group

FY 2025-26 marked a defining strategic milestone as the company became part of the Adani Group. Italian-Thai Development Public Company Limited, the erstwhile promoter, divested its entire shareholding of 8,01,13,180 fully paid-up equity shares of ₹1 each (representing 46.64% of the voting share capital) to Renew Exim DMCC, an Adani Group entity. Pursuant to this acquisition, Renew Exim DMCC made an open offer to acquire up to 4,46,64,772 equity shares (representing 26% of the voting share capital) at ₹571.68 per share, and subsequently acquired 20.83% of the voting share capital from public shareholders. Renew Exim DMCC became the promoter with effect from May 28, 2025.

Following shareholder approval at the 47th AGM held on August 7, 2025, the company's name was changed from "ITD Cementation India Limited" to "Cemindia Projects Limited" with effect from August 19, 2025.

ESG Performance and Sustainability Highlights

The company demonstrated strong environmental, social, and governance performance during FY 2025-26. Key ESG metrics are outlined below:

Environment:

• Total Energy Consumed: 14,05,092 GJ
• Total Water Reused: 56,414 KL
• Total Waste Diverted from Disposal: 13,763 MT
• Use of low-carbon materials resulted in a reduction of approximately 97,515 MT of CO2 equivalent emissions
• Capital investment in energy conservation equipment: approximately ₹5.76 crores

Social:

• Safe Man-hours achieved: 128 million
• EHS Awareness and Training Sessions Conducted: 1,776
• Lost Time Injury Frequency Rate (LTIFR): 0.09
• Permanent Employees as on March 31, 2026: 3,187
• Contractual Personnel and Workforce: 33,621

Governance:

• Independent Directors on Board: 50%
• Statutory Committees Chaired by Independent Directors: 80%
• CSR Amount Spent in FY 2025-26: ₹6.60 crores against an obligation of ₹6.59 crores

Dividend and Corporate Actions

The Board of Directors has recommended a dividend of ₹3 per equity share of face value ₹1 each for FY 2025-26, subject to shareholder approval at the ensuing AGM. The total cash outflow on account of dividend, if approved, would be ₹51.54 crore. The Record Date for determining shareholder entitlement has been fixed as Friday, June 12, 2026, with the payment date set as Friday, July 03, 2026.

The closing balance of retained earnings as of March 31, 2026, after all appropriations and adjustments, stood at ₹1,590.58 crore. The Board does not propose to transfer any amount to General Reserves for FY 2025-26.

AGM and Statutory Compliance

The 48th Annual General Meeting is scheduled for Saturday, June 27, 2026 at 2.30 p.m. (IST) through Video Conferencing / Other Audio Visual Means. Remote e-voting will be available from Wednesday, June 24, 2026 (9.00 a.m. IST) to Friday, June 26, 2026 (5.00 p.m. IST). The Annual Report and AGM Notice are available on the company's website at https://www.cemindia.co.in/investors/financial/annual-reports/ . The statutory auditors, M/s. Price Waterhouse Chartered Accountants LLP, have expressed an unmodified opinion on both the standalone and consolidated financial statements for FY 2025-26.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE686A01026/1e094b81157f4eb0.pdf

Cemindia Projects Limited has submitted its Business Responsibility and Sustainability Report for the financial year 2025-26 to BSE Limited and National Stock Exchange of India Limited. The filing, made on May 29, 2026, outlines the company's adherence to the National Guidelines on Responsible Business Conduct and details its environmental, social, and governance performance. The document forms part of the Annual Report 2025-26 and is available on the company's website.

The report provides a comprehensive overview of the company's operations, including its engagement in engineering and construction activities such as maritime structures, urban infrastructure, and industrial buildings. It discloses that the company operates on a standalone basis, with a total of 79 locations comprising 73 national and 6 international sites. The entity reported a total workforce of 36,808 individuals, including 4,768 employees and 32,040 workers.

Governance and Assurance

The Business Responsibility and Sustainability Report has undergone reasonable assurance for BRSR Core KPIs, conducted by Carbon Check (India) Private Limited. The company's Board and its CRC Committee are responsible for decision-making on sustainability-related issues. The report confirms that the entity has policies covering all nine principles of the National Guidelines on Responsible Business Conduct (NGRBC), which have been translated into procedures.

Environmental Performance

Cemindia Projects identified climate change adaptation, resource efficiency, and water management as key material issues. To mitigate risks associated with energy consumption, the company prioritised grid power connectivity and monitored energy consumption at project sites. Initiatives to reduce environmental impact included the installation of Organic Waste Composter plants at 18 locations and the commissioning of rooftop solar installations at the Kolkata Depot.

The company reported specific environmental metrics for FY 2025-26. Total energy consumption was recorded at 3,530,839 GJ, with an energy intensity of 0.000053 GJ per ₹ lakh of turnover. Greenhouse gas emissions (Scope 1 and Scope 2) totaled 206,030 tonnes of CO2e, with an emission intensity of 0.003098 tonnes of CO2e per ₹ lakh of turnover. The company also reported a total waste generation of 1,28,770 metric tonnes.

Social and Governance Metrics

The report details the company's social performance, noting that women constituted 20% of the Board of Directors and 2.31% of the total workforce. The company reported zero fines or penalties during the financial year. It maintained an Integrated Management System certified to ISO 9001, ISO 14001, and ISO 45001 standards. The average customer satisfaction score achieved during the year was 91.20%.