Constronics Infra reports FY26 profit with qualified audit opinion

Constronics Infra Limited reported a net profit of ₹310.61 lakh for the year ended March 31, 2026, a decrease from ₹313.18 lakh in the previous year. The company's statutory auditors, B. Thiagarajan & Co., issued a modified opinion on the audited financial results, citing a seized cash amount of ₹5.87 lakhs for which no provision was made. The board approved the standalone and consolidated financial results at a meeting held on May 29, 2026.

The qualified opinion arises because the cash and cash equivalents of ₹47.45 lakhs presented under current assets includes the seized amount. The investigation related to this seizure is not connected to the company's business operations. Had the company recognized a provision for this amount, the profit before tax for the year would have reduced to ₹410.47 lakhs from the reported ₹416.34 lakhs. For the quarter ended March 31, 2026, the net profit stood at ₹24.85 lakh.

Revenue from operations for the full year declined to ₹4,861.42 lakh from ₹5,097.45 lakh in FY25. Total expenses for the year were ₹4,622.17 lakh, slightly lower than the ₹4,813.88 lakh recorded in the previous fiscal year. The company's earnings per share (EPS) for the year stood at ₹2.48 on a basic basis and ₹2.00 on a diluted basis.

Financial Performance Summary

Metric	FY26 (₹ in lakh)	FY25 (₹ in lakh)
Revenue from Operations	4,861.42	5,097.45
Total Income	5,038.51	5,251.34
Total Expenses	4,622.17	4,813.88
Net Profit for the Period	310.61	313.18
Basic EPS	2.48	2.64

On a consolidated basis, the company reported a net profit of ₹282.02 lakh for FY26, compared to ₹313.18 lakh in the previous year. Consolidated revenue from operations for the year was ₹4,861.42 lakh. The auditors also issued a qualified opinion for the consolidated results, noting the same seized cash amount of ₹5.87 lakhs included in the group's cash and cash equivalents of ₹58.15 lakhs.

The board also noted that Constronics Infra Limited served as a corporate guarantor for a term loan availed by its subsidiary, Constronics Energy Solution Private Limited. The trading window for designated persons, which closed on April 1, 2026, will reopen 48 hours after the declaration of these financial results.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-4.89%	-12.24%	-34.05%	-19.13%	+772.45%

Constronics Infra Limited has intimated the stock exchange, pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that 30,09,899 convertible warrants allotted on a preferential basis have lapsed in their entirety after none of the 18 allottees exercised their conversion option within the prescribed timeframe. The upfront consideration of Rs. 8.27 crores received at the time of allotment has consequently been forfeited by the company.

Warrant Allotment and Lapse Details

The company had allotted 30,09,899 (Thirty Lakhs Nine Thousand Eight Hundred and Ninety Nine) convertible warrants to 18 allottees on a preferential basis at an issue price of Rs. 110 per warrant on November 4, 2024. At the time of allotment, Rs. 8.27 crores, representing 25% of the total consideration, was collected as the initial subscription amount. The warrants carried an 18-month tenure, with the conversion option required to be exercised on or before May 4, 2026. Since none of the allottees exercised the conversion option within this period, all 30,09,899 warrants have lapsed, and the amount received stands forfeited as per Regulation 169(3) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The key parameters of the warrant issuance and lapse are summarised below:

Parameter:	Details
Type of Securities:	Convertible Warrants
Type of Issuance:	Preferential Allotment
No. of Warrants Allotted:	30,09,899
Issue Price per Warrant:	Rs. 110 per warrant
Date of Allotment:	November 04, 2024
Tenure:	18 months from date of allotment (i.e., May 04, 2026)
No. of Warrants Exercised:	Nil
No. of Warrants Lapsed:	30,09,899
Amount Forfeited:	Rs. 8.27 Crores
Change in Capital Structure:	No change in paid-up equity share capital

Allottee-Wise Breakdown of Lapsed Warrants

All 18 allottees failed to convert their respective warrants into equity shares. The complete allottee-wise breakdown of warrants allotted and lapsed is as follows:

Sr. No.:	Name of Allottee	Warrants Allotted	Warrants Converted	Warrants Lapsed
1	Maneesh Parmar	9,54,546	-	9,54,546
2	Keyway Growth Ventures LLP	7,72,727	-	7,72,727
3	Starry Skies Homestay LLP	3,63,636	-	3,63,636
4	Ankit Ujwalkumar Pagariya	2,72,727	-	2,72,727
5	Chandrika Rajesh Jain	90,909	-	90,909
6	Bhawarlal Jain	90,909	-	90,909
7	Ved Investments	90,909	-	90,909
8	Sushila Jain	68,182	-	68,182
9	Jai Basantilal Golechha	45,454	-	45,454
10	Manish Mardia	45,455	-	45,455
11	Poornima Jnaneshwar	45,455	-	45,455
12	Vivek Anand	32,727	-	32,727
13	V Vivek Anand HUF	32,727	-	32,727
14	Vidya R	32,727	-	32,727
15	Akhillandeshwari S	29,091	-	29,091
16	Shanmuga Anand Eswaran	18,181	-	18,181
17	Krishnaveni K	13,636	-	13,636
18	Vandhana R	9,901	-	9,901
TOTAL		30,09,899	-	30,09,899

No Impact on Paid-Up Capital

Constronics Infra has confirmed that the lapse of all 30,09,899 convertible warrants results in no change to the paid-up equity share capital of the company, as none of the warrants were converted into equity shares. The disclosure has been made pursuant to Regulation 30 read with SEBI Circular no. HO/49/14/14(7)2025-CFD POD2/I/3762/2026 dated January 30, 2026. The intimation was signed by Rishab Kothari, Company Secretary & Compliance Officer (M.No: A58023), on May 9, 2026.