Cranex reported a standalone net profit of ₹241.36 lakhs for FY26, up 24.02% from ₹194.62 lakhs in the previous year, as the company filed its annual report and 51st AGM notice with BSE.

The annual report was submitted by Company Secretary Heena Sharma on September 5, 2026, pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The 51st Annual General Meeting is scheduled for Tuesday, September 29, 2026, at 12:30 pm, to be held through Video Conferencing or Other Audio Visual Means.

Financial Performance

The company's standalone total revenue rose to ₹5,591.80 lakhs from ₹5,196.36 lakhs in the previous year. Revenue from operations grew to ₹5,537.02 lakhs from ₹5,153.76 lakhs. Profit before tax stood at ₹323.33 lakhs versus ₹251.54 lakhs previously. Earnings before Interest, Depreciation, Amortization, Exceptional Items and Tax for the year was ₹354.07 lakhs against ₹285.58 lakhs, an increase of 23.98%. Basic earnings per share was ₹3.67.

The following table summarises the key standalone and consolidated financial results:

The Board has not recommended any dividend for FY26 and has not transferred any amount to reserves.

AGM and E-Voting Schedule

The cut-off date for determining shareholder eligibility to vote is September 22, 2026. The register of members and share transfer books will remain closed from September 23, 2026, to September 29, 2026. NSDL has been engaged as the authorised agency for conducting the AGM and providing the e-voting facility.

Shareholder Communication Update

In compliance with Regulation 36(1)(b) of the SEBI Listing Regulations, Cranex Limited dispatched physical letters containing web-links to the Annual Report and AGM Notice for shareholders who have not registered email addresses with the company or depositories. The Registrar and Share Transfer Agent, Beetal Financial & Computer Services Pvt Ltd., confirmed that 537 such letters were sent via ordinary post on September 5, 2026.

Shareholders holding shares in physical mode or those without registered emails are requested to update their details by writing to beetalrta@gmail.com . Demat holders are advised to register their email addresses with their respective Depository Participants. The Annual Report and AGM Notice are also accessible on the company website and NSDL’s e-voting portal.

Board Re-appointments

The AGM agenda includes re-appointment of key managerial personnel for a five-year term from October 1, 2026, to September 30, 2031.

Mr. Piyush Agrawal, Managing Director, retires by rotation and offers himself for re-appointment. His proposed fixed salary is ₹4,00,000 per month, up from ₹3,00,000 per month last drawn. As on March 31, 2026, he holds 25,93,000 equity shares representing 39.47% of the company's shareholding. His re-appointment requires shareholder approval by special resolution as he has attained the age of 73 years, in terms of Section 196(3)(a) of the Companies Act, 2013. He has been associated with the company for 21 years and has approximately 49 years of experience in technical and managerial functions.

Mr. Chaitanya Agrawal, Whole-Time Director and CFO, is also up for re-appointment. His proposed fixed salary is ₹3,00,000 per month, up from ₹2,00,000 per month last drawn. Following the conversion of 4,00,000 convertible warrants in April 2026, he holds 5,90,000 equity shares. He has been associated with the company for approximately 16 years with expertise in finance.

Secretarial Auditor Appointment

Shareholders will vote on the appointment of M/s. Parveen Rastogi & Co. as Secretarial Auditor for five consecutive financial years from FY27 to FY31. The firm holds ICSI Membership Number F-4764 and Certificate of Practice Number 26582, with Peer Review Registration Number 7967/2026 valid till May 15, 2031.

Business Overview and Key Sectors

In his message to shareholders, Managing Director Piyush Agrawal noted that FY26 was a year of progress and consolidation, with profit rising 24.02%. The company's emphasis on high-capacity EOT cranes has helped pursue higher-value opportunities. Indian Railways, Defence and Power remain key focus sectors, with associations including ICF Chennai, PLW Patiala, MCF Rae Bareli, BHEL, L&T, Defence Establishment, Department of Space, Vedanta Group and Voith Hydro. The company has capability to supply cranes of up to 220 tonnes capacity.

The company's product portfolio includes EOT cranes, gantry cranes, elevators and escalators, and it is expanding into traversers, turn tables and advanced material-handling systems for railway and industrial workshops. The company has one associate, IFE Cranex Elevators & Escalators India Private Limited (26% stake), and one joint venture, Shree Cranex JV (26% stake).

Statutory Auditor Qualifications

Statutory auditors M/s. V R Bansal & Associates (Firm Registration No. 016534N) issued a qualified opinion on both standalone and consolidated financial statements. Key qualifications include: the PPE register was not produced for verification; trade receivables and trade payables balances are subject to confirmations and adjustments; financial assets and liabilities have not been measured at fair value as required by Ind AS-109; and the inventory register was not produced for verification. On the consolidated statements, an additional qualification noted that the equity method of accounting has not been applied for the Shree Cranex JV investment as required by Ind AS 28.

As on March 31, 2026, the company had 125 permanent employees, comprising 118 male, 7 female and nil transgender employees. The board held 12 meetings during FY26.

Cranex Limited reported a net profit of ₹32.49 lakh for the quarter ended June 30, 2026, representing a 33.16% year-on-year increase from ₹24.4 lakh in Q1FY26. The company’s total income from operations rose 9.64% to ₹998.42 lakh, up from ₹910.63 lakh in the corresponding prior period.

The Board of Directors approved the unaudited standalone and consolidated financial results on August 13, 2026. The figures have been reviewed by the Audit Committee and comply with Indian Accounting Standards (Ind AS).

Financial Performance

Consolidated net profit stood at ₹32.37 lakh, marginally lower than the standalone figure due to a share in loss of associates amounting to ₹0.12 lakh. Basic earnings per share (EPS) increased to ₹0.43 from ₹0.37 in the previous year.

What the Numbers Show

The divergence between revenue growth and profit expansion indicates improved cost efficiency or operating leverage during the quarter. While top-line growth remained moderate at under 10%, pre-tax profits expanded by nearly 38%, suggesting that fixed costs were absorbed more effectively or variable margins improved relative to the prior year.

Corporate Actions

Cranex Limited announced a special window for the re-lodgement of transfer requests for physical shares, valid from February 5, 2026, to February 4, 2027, as per SEBI circular HO/38/13/11(2)/2026-MIRSD-POD/1/3750/2026. Shareholders can access details via the company’s website.