Chavda Infra appoints Arpit Tiwari as Independent Director

Chavda Infra Limited has appointed Mr. Arpit Tiwari as a Non-Executive Independent Director following shareholder approval through a postal ballot. The resolution received 99.91% of the votes in favour, securing the requisite majority for the appointment. The remote e-voting period commenced on May 19, 2026, and concluded on June 17, 2026, with the record date set as May 15, 2026.

The postal ballot was conducted in compliance with Regulation 30 and 44(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. B. S. Vyas & Associates, Practicing Company Secretaries, served as the scrutinizer for the voting process, issuing the report on June 18, 2026. The management ensured compliance with the Companies Act, 2013, and relevant circulars issued by the Ministry of Corporate Affairs.

Voting Results

The resolution to appoint Mr. Arpit Tiwari (DIN: 11394258) was passed with overwhelming support from the shareholders. A total of 18,046,600 votes were polled, representing 55.26% of the total outstanding shares.

Category	Votes For	Votes Against	% For	% Against
Promoter and Promoter Group	17,999,400	0	100	0
Public-Institutions	0	0	0	0
Public-Non Institutions	30,200	17,000	63.98	36.02
Total	18,029,600	17,000	99.91	0.09

Procedural Details

The Postal Ballot Notice was dispatched electronically on May 18, 2026, to members registered with the company, Share Transfer Agents, CDSL, and NSDL. Advertisements regarding the dispatch were published in the Financial Express on May 19, 2026. Bigshare Services Private Limited provided the remote e-voting facility. Votes were unblocked on June 17, 2026, in the presence of independent witnesses.

The scrutinizer confirmed that the resolution has been passed with the requisite majority. The electronic data and records relating to the e-voting will be retained by the scrutinizer and handed over to the Company Secretary after the minutes are approved by the Chairman.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.36%	-1.55%	-5.82%	-30.71%	-28.86%	+2.95%

Chavda Infra Limited released its audited financial results for the quarter and year ended March 31, 2026. The company reported a 22.6% year-on-year increase in revenue from operations to ₹320.6 crore for FY26, while profit after tax declined 19.4% to ₹17.0 crore. The performance was impacted by rising input costs, geopolitical disruptions, and adverse weather conditions, despite strong top-line growth and strategic capacity investments.

Financial Performance at a Glance

The following table summarises Chavda Infra's key financial metrics for Q4FY26 and FY26 compared to the corresponding prior periods:

Metric:	Q4 FY26	Q4 FY25	YoY Change (%)	FY26	FY25	YoY Change (%)
Revenue from Operations (₹ crore):	167.6	111.9	+49.8%	320.6	261.4	+22.6%
EBITDA (₹ crore):	18.9	22.5	-16.1%	58.0	56.4	+2.8%
EBITDA Margin:	11.3%	20.1%	-885 bps	18.1%	21.6%	-350 bps
Profit After Tax (₹ crore):	7.3	10.8	-31.7%	17.0	21.1	-19.4%
PAT Margin:	4.4%	9.6%	-523 bps	5.3%	8.1%	-277 bps
EPS (₹):	2.8	4.4	-35.8%	6.5	8.6	-24.1%

Revenue Growth Drives Top-Line Expansion

Chavda Infra's revenue from operations recorded robust growth in both the quarter and the full year. In Q4FY26, revenue surged 49.8% year-on-year to ₹167.6 crore, compared to ₹111.9 crore in Q4FY25. For the full year FY26, revenue from operations grew 22.6% year-on-year to ₹320.6 crore, against ₹261.4 crore in FY25. This top-line expansion reflects the company's continued project execution momentum and growing order traction.

Margin Compression Weighs on Profitability

Despite strong revenue growth, EBITDA and PAT margins contracted significantly during the period. In Q4FY26, EBITDA declined 16.1% year-on-year to ₹18.9 crore, with EBITDA margins narrowing sharply by 885 bps to 11.3%, attributed to a sharp increase in input costs. For FY26, EBITDA grew modestly by 2.8% to ₹58.0 crore, while EBITDA margins contracted 350 bps to 18.1% from 21.6% in FY25. PAT for FY26 declined 19.4% year-on-year to ₹17.0 crore, with PAT margins contracting 277 bps to 5.3%. In Q4FY26, PAT declined 31.7% to ₹7.3 crore, with PAT margins at 4.4%—down 523 bps compared to Q4FY25. Earnings per share for FY26 stood at ₹6.5, compared to ₹8.6 in FY25.

Operational Highlights and Strategic Initiatives

During FY26, Chavda Infra successfully executed and delivered several key projects. The company also undertook strategic capacity investments and pursued a key classification milestone:

Projects Delivered: Avani Aayam, Abhishek, Rajshree Regalia, Mondeal One, Rajul Greens, and the Manali redevelopment projects were successfully executed and delivered.
AA+ Contractor Classification: The company initiated the process to secure AA+ category contractor classification, aimed at strengthening market positioning and enabling participation in larger-scale and marquee infrastructure projects.
Capacity Expansion: Strategic investments were made towards expanding capacity, including aluminum formwork, which temporarily stretched working capital levels while enhancing the ability to execute large-scale, high-rise, and faster turnaround projects.
Industrial Segment Traction: The company is witnessing increased order enquiries from the industrial segment, reflecting expanding opportunities and growing market traction.

Challenges Impacting FY26 Performance

Managing Director and Chairman Mr. Mahesh Chavda noted that FY26 performance was impacted by a combination of external and operational factors. These included global tariff-related developments, ongoing geopolitical disruptions, labor migration linked to the Bihar and West Bengal elections, an extended monsoon season in H1FY26, and higher-than-normal heatwave conditions. The company also navigated volatility in key raw material prices—particularly sand, aggregates, and cement—along with intermittent supply-side disruptions.