E To E Transportation Infrastructure Limited has confirmed that its promoters and persons acting in concert have not created any encumbrance on shares held in the company during the financial year ended March 31, 2026. The disclosure, submitted to the National Stock Exchange of India Limited, ensures compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This confirmation is critical for shareholders as it indicates that the promoters' shareholding remains free from charges or pledges that could potentially impact ownership stability.

The filing, dated April 7, 2026, was made on behalf of the promoters and promoter group by Sourajit Mukherjee, Whole-time Director, CEO, and Promoter. It explicitly states that no new encumbrances were created directly or indirectly during FY26, other than those already disclosed in previous financial years. The company requested that this disclosure be placed before its audit committee in accordance with Regulation 31(5) of the Takeover Code.

The disclosure included a comprehensive list of individuals and entities comprising the promoter and promoter group. The list distinguishes between individual promoters and corporate entities or family members classified as promoter group members. This transparency is mandated by regulatory norms to provide clear visibility into the ownership structure of the company.

The following table details the members of the promoter and promoter group as per the filing:

The submission was addressed to the Listing Department of the National Stock Exchange of India Limited, located in Bandra Kurla Complex, Mumbai. The company, formerly known as E To E Transportation Infrastructure Limited Private Limited, is headquartered in Bengaluru, Karnataka.

E To E Transportation Infrastructure Limited reported a 51% year-on-year increase in consolidated revenue to INR380 crores for the financial year ended March 31, 2026. The company posted a Profit After Tax (PAT) of INR17.9 crores and an adjusted EBITDA of INR39.5 crores. The earnings were discussed during an analyst and institutional investor meet held on May 21, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company achieved a revenue CAGR of approximately 41% over the last four years. Management attributed the growth to a balanced business mix across B2G and B2B segments. The adjusted debt-equity ratio stood at 0.68, while the Return on Capital Employed (ROCE) was around 17%.

Order Book and Outlook

The executable order book, including L1 positions, stands at approximately INR860 crores plus GST, exceeding INR1,000 crores including GST. In the first 45 days of FY27, the company secured new orders worth around INR350 crores. Management targets new order inflows of INR1,000 crores for FY27 and aims to maintain a growth CAGR of 45% to 50%.

Strategic Developments

Subsidiary NOVA Control Tecnologix received CCA approval from RDSO for Kavach development on May 15, 2026. The company plans to invest INR15 crores in NOVA during FY27. Management expects field trial orders for Kavach by the end of H1 FY27, with revenue realization projected to begin in Q1 FY28. The company targets 5% to 6% of revenue from Operations and Maintenance (O&M) business by the end of FY27.