Cemindia Projects Limited, formerly known as ITD Cementation India Limited, has notified the stock exchanges of an upcoming Board of Directors meeting scheduled for Thursday, May 14, 2026. The intimation, dated May 11, 2026, was filed pursuant to Regulation 29 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Details

The board meeting has been convened, among other matters, to consider and approve the recommendation of dividend, if any. The key details of the scheduled meeting are outlined below:

Trading Window Closure

In accordance with the applicable provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, and the Company's Code of Conduct, the trading window for dealing in the securities of Cemindia Projects has been closed effective May 8, 2026. The trading window will reopen 48 hours after the recommendation of dividend, if any, is made by the Board.

The intimation has also been uploaded on the company's official website at https://www.cemindia.co.in/investors/board-notice/ for public reference.

Cemindia Projects Limited delivered a landmark performance in FY26, crossing the ₹10,000 crore revenue milestone for the first time in its history. The company's Q4 FY26 earnings conference call, held on April 30, 2026, featured Managing Director Mr. Jayanta Basu and Accounts Head Mr. Kamlesh Vishwakarma, who presented strong financial results alongside a robust order book and strategic growth outlook.

Q4 FY26 Financial Performance

The fourth quarter results demonstrated exceptional profitability improvement across all key metrics. EBITDA margin expanded significantly year-on-year, driven by successful project completions, claim realizations, and effective cost management.

Management clarified that Q4 margins were elevated due to one-time items, including approximately ₹100 crore in claim realizations during the quarter and provision reversals related to completed metro projects. The sustainable EBITDA margin going forward is guided at 10% to 10.50%, excluding such one-time items.

Full-Year FY26 Financial Highlights

For the full year FY26, Cemindia Projects reported broad-based growth across revenue, profitability, and margins, reflecting consistent operational execution throughout the year.

Mr. Basu highlighted the significance of crossing the ₹10,000 crore revenue mark, noting that profit before tax stood at 8% and PAT at 6% for the full year — metrics he described as "quite healthy numbers."

Order Book and Pipeline

Cemindia Projects reported a strong order book position with significant new order wins during FY26. The company secured approximately ₹14,000 crore of orders during the year, and including an L1 position of ₹1,600 crore and an order secured in April worth ₹3,200 crore, the total order wins stand at approximately ₹19,000 crore — nearly three times the ₹7,000 crore typically secured in previous years.

Key projects secured include Kolkata Metro underground, Pune underground metro, Delhi underground metro, a port project for JSW, an overseas job in Abu Dhabi, and a road-cum-elevated corridor project in Bihar. The company also noted completion of signature projects including Udangudi (100% commissioned), Bangalore Metro, and Mumbai Metro underground during the year.

Segment Outlook and Strategic Priorities

Management identified tunneling (including underground metro, road tunnels, and large-diameter tunnels) and roads and highways as the two primary growth segments, each representing a market opportunity of over ₹1 lakh crore. The company has also entered the data center construction segment, having secured approximately ₹3,000 crore in orders from the Adani Group.

On the Vadhvan Port project, Mr. Basu noted that execution has been delayed due to local issues beyond the company's control, though the breakwater and dredging/reclamation tenders are already in the market for future phases. The Chennai Metro project, with approximately 40% of work still remaining, is expected to be completed by end of 2027 or early 2028.

Regarding TBMs, the company confirmed no idle machines currently, with new TBMs being procured for Pune Metro and Delhi Metro. For large-diameter tunnel projects, additional large-diameter TBMs would need to be acquired.

FY27 Guidance and Capital Expenditure

Management provided the following forward-looking parameters for FY27 based on current visibility:

The FY26 capex stood at ₹260 crore. On fundraising, management confirmed there are no current plans, stating the company is adequately funded. A dividend, which was not declared with the results, was indicated to be forthcoming "within a few weeks," per management's comments during the call.

On commodity inflation risks, Mr. Basu noted that approximately 30% of contracts have star-price (full pass-through) arrangements, while around 80% of jobs overall carry some form of escalation clause protection against normal inflation. He acknowledged that abnormal commodity price increases — such as those driven by geopolitical factors — could have some margin impact, though new project bids would factor in these additional risks.