Concord Enviro Systems faced significant execution challenges during FY26, resulting in a 6.2% year-on-year decline in revenue from operations to ₹5,578.56 million and a 61.6% drop in consolidated net profit to ₹197.57 million. The company cited delays in a major Kenya project due to client changes in control and capex planning, alongside supply chain disruptions in the Middle East affecting its Sharjah manufacturing operations. These factors contributed to a revenue shortfall of approximately ₹43 crores in Q4FY26. Despite these headwinds, the company strengthened its technology portfolio with the launch of the H-Xtreme Heat Exchanger and advanced its raw effluent membrane technology.

Financial Performance

For the full year ended March 31, 2026, EBITDA stood at ₹366.66 million, a decrease of 57.9% compared to the prior year, with an EBITDA margin of 6.6%. In Q4FY26, revenue from operations was relatively flat at ₹2,060.44 million compared to ₹2,069.93 million in the same period last year. Net profit for the quarter stood at ₹141.55 million, a decrease of 70% from ₹471.31 million in Q4FY25. EBITDA for the quarter was ₹185.04 million, down 67% year-on-year.

Order Book and Outlook

As of March 31, 2026, the company's order book stood at ₹5,360 million (ACV), with a Total Contract Value (TCV) of ₹8,280 million. The order book includes a significant ₹800 million O&M contract, the largest in the company's history. Management highlighted a strong pipeline of orders worth approximately ₹3,000 million. Additionally, the company is L1 for orders worth ₹1,430 million in the ZLD segment, including an order exceeding ₹1,000 million from a large steel manufacturer.

Looking ahead to FY27, the company expects growth drivers such as CETP-related orders, export markets, and its solar PV pipeline to contribute to revenue. Management targets an EBITDA margin of 14% to 16% for its projects, though near-term cost pressures from air freight and raw materials may impact margins temporarily.

Key Financial Metrics

Concord Enviro Systems Limited conducted a meeting of equity shareholders on April 28, 2026, through video conferencing pursuant to directions from the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench. The meeting was held to consider and approve the Scheme of Arrangement between the company and its shareholders under the Companies Act, 2013.

Meeting Details and Compliance

The shareholders meeting was conducted in full compliance with regulatory requirements and commenced at 10:30 A.M. (IST) after achieving the requisite quorum. The proceedings adhered to the Companies Act, 2013, SEBI Listing Regulations, and applicable circulars issued by the Ministry of Corporate Affairs for virtual meetings.

E-Voting Arrangements

The company engaged National Securities Depository Limited (NSDL) to facilitate comprehensive e-voting arrangements for shareholders. Remote e-voting was made available through the NSDL platform, ensuring broad participation in the decision-making process.

Scheme of Arrangement Discussion

Mr. Anish Goel, Chief Financial Officer, provided a detailed briefing on the salient features of the proposed Scheme of Arrangement. He explained the rationale behind the scheme and outlined the strategic benefits expected from its implementation. The presentation was followed by a discussion and question-and-answer session with shareholders.

The meeting facilitated active shareholder engagement, with one registered speaker shareholder participating in the proceedings. The query raised regarding the Scheme was satisfactorily addressed by the CFO, ensuring clarity on the proposed arrangement.

Meeting Conclusion

Ms. Jyoti Chawda, Company Secretary and Compliance Officer, managed the meeting proceedings and ensured smooth conduct throughout the session. The meeting was recorded as per regulatory requirements, with participants kept on mute by default to maintain order.

Mr. V. Nallasenapathy thanked all members and stakeholders for their participation and support before declaring the meeting closed at 11:00 A.M. (IST). The closure occurred 15 minutes after the e-voting facility ended, providing adequate time for all shareholders to exercise their voting rights on the Scheme of Arrangement.