Ekansh Concepts has approved a scheme of merger by absorption with Sankalp Industrial Infratech Private Limited to consolidate infrastructure development and project management capabilities. The board meeting held on June 29, 2026, sanctioned the merger following recommendations from the Audit Committee and the Committee of Independent Directors. This strategic move aims to create a stronger, integrated infrastructure platform by combining the asset development expertise of Sankalp Industrial Infratech with the consultancy and project management strengths of Ekansh Concepts.

The merger is subject to approvals from the Bombay Stock Exchange Limited (BSE Limited), Securities and Exchange Board of India (SEBI), and the National Company Law Tribunal (NCLT). It also requires consent from the majority of public shareholders as per the SEBI Master Circular dated June 20, 2023. The valuation for the consideration was determined by Mr. Harsh Ruparelia, a Registered Valuer, and a Fairness Opinion was issued by 3Dimension Capital Services Limited, a Category I SEBI Registered Merchant Banker.

Under the approved scheme, equity shareholders of Sankalp Industrial Infratech Private Limited will be entitled to receive 7 fully paid equity shares of ₹10 each in Ekansh Concepts Limited for every 8 fully paid equity shares of ₹10 each held in the transferor company. The share exchange ratio will result in a change in the shareholding pattern of Ekansh Concepts, with promoters holding 73.71% and the public holding 26.29% post-merger.

The financial details for the year ended March 31, 2026, indicate that Sankalp Industrial Infratech Private Limited reported a net worth of ₹5,119.23 lakh on a standalone basis and ₹5,845.94 lakh on a consolidated basis. Ekansh Concepts Limited reported a standalone net worth of ₹4,534.85 lakh and a consolidated net worth of ₹4,541.60 lakh for the same period. The merger is expected to generate operational and financial synergies, enhancing the combined entity's capacity to undertake larger infrastructure projects.

In addition to the merger approval, the board appointed Mrs. Neha Beriwala and Mr. Rajesh Kumar Agrawal as Additional Executive Directors of the company effective June 29, 2026, subject to shareholder approval. Mrs. Beriwala is a Chartered Accountant with experience in taxation and compliance, while Mr. Agrawal brings over 25 years of expertise in finance and operations. The company will file the detailed scheme with BSE Limited in accordance with Regulation 37 of the SEBI Listing Regulations.

Financial Snapshot for FY26

Shareholding Pattern Change

Ekansh Concepts reported a consolidated net loss of ₹304.22 lakh for the financial year ended March 31, 2026, reversing from a net profit of ₹191.78 lakh in the previous year. The company's total income declined to ₹3,109.32 lakh from ₹4,626.60 lakh in FY25, primarily due to reduced income from operations. Separately, the company disclosed the resignation of its Chief Financial Officer (CFO), Mr. Mahesh Kumar Birla, effective from the close of business hours on May 30, 2026, due to personal reasons.

Financial Performance

The Board of Directors approved the audited standalone and consolidated financial results on May 25, 2026. The standalone results for FY26 reflected a net loss of ₹304.58 lakh, compared to a net profit of ₹188.61 lakh in the prior year. For the quarter ended March 31, 2026, the standalone net loss was ₹182.71 lakh, while the consolidated net loss was ₹171.60 lakh.

Key Financial Metrics (Standalone)

Management Changes

The resignation of Mr. Mahesh Kumar Birla was intimated to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board expressed appreciation for his services. Consequently, the Board appointed Mrs. Neha Beriwala as the new CFO effective June 01, 2026. Mrs. Beriwala is a Chartered Accountant with over 8 years of experience in Indirect Taxation, Compliance Management, Financial Controls, and Risk Assessment. Additionally, the company accepted the resignation of Mr. Hanuman Patel as Company Secretary & Compliance Officer effective March 26, 2026, and appointed Mrs. Diksha Chandaliya to the role effective May 26, 2026.

Audit and Compliance

The Statutory Auditors, Pramod K. Sharma & Co., issued an unmodified opinion on the audited standalone and consolidated financial results. The Board approved the appointment of M/s. Tibrewal Chand & Co., Chartered Accountants, as the Internal Auditor for the financial year 2026-2027, effective June 01, 2026. The financial results were prepared in compliance with Indian Accounting Standards (Ind-AS).