EKI Energy Services Limited reported a consolidated net loss of ₹1,658.19 lakh for the financial year ended March 31, 2026 (FY26), reversing the near-breakeven performance of the previous year. The loss was driven by a sharp 78.7% year-on-year decline in consolidated revenue from operations to ₹8,651.92 lakh, reflecting persistent softness in global voluntary carbon credit trading volumes and pricing. Despite the operational headwinds, the company maintained a virtually debt-free balance sheet with total borrowings of just ₹540.91 lakh against total equity of ₹38,248.27 lakh, resulting in a book value of ₹139 per share.

The Board of Directors convened its 15th Annual General Meeting (AGM) on August 25, 2026, via Video Conferencing to adopt the audited financial statements and approve key administrative changes. Shareholders approved the appointment of Ms. Pooja Jorway as Whole Time Director and Chief Financial Officer for a five-year term commencing July 16, 2026. She succeeds Mr. Mohit Kumar Agarwal, who resigned from the role effective July 15, 2026. Ms. Jorway’s proposed remuneration includes a fixed salary of up to ₹10 lakh per annum, subject to statutory limits under Schedule V of the Companies Act, 2013. Ms. Priyanka Dabkara was also re-appointed as a Non-Executive Non-Independent Director.

Financial Performance in FY26

The company’s standalone revenue from operations fell 49.3% to ₹8,337.19 lakh from ₹16,461.47 lakh in FY25. This contraction, coupled with increased depreciation expenses of ₹2,301.89 lakh (standalone), led to a standalone profit before tax of negative ₹748.99 lakh, compared to a positive ₹1,650.26 lakh in the prior year. The consolidated figures showed a more pronounced impact, with total revenue falling from ₹42,406.59 lakh in FY24 to ₹10,504.26 lakh in FY25, resulting in a consolidated net loss of ₹1,658.19 lakh.

Management attributed the loss to external factors including sharp volatility in carbon credit prices, general economic pressures, and a protracted slowdown in the global voluntary carbon market. However, Q2 FY26 saw revenues of ₹35 crore, indicating underlying business potential as market activity improved.

Strategic Demerger and Market Outlook

A landmark development in FY26 was the continued advancement of the strategic demerger process under Sections 230–232 of the Companies Act, 2013. The proposed separation of the Generation Segment into EKI One Community Projects Ltd., a wholly owned subsidiary, aims to create two focused entities: EKI Energy Services as a climate solutions advisory powerhouse, and EKI One dedicated to project-based carbon credit generation. This structural change is expected to unlock shareholder value through improved operational efficiency and sharper capital allocation.

What the Numbers Show

The divergence between revenue decline and margin stability highlights the company’s cost optimization efforts. While revenue plummeted by nearly 80% on a consolidated basis, operating expenses were managed tightly, preventing a larger absolute loss. The company’s strong liquidity position, with significant cash and bank balances, provides a buffer against further market volatility. The shift towards high-integrity, compliance-driven carbon markets, particularly with India’s Carbon Credit Trading Scheme (CCTS) entering its active phase, presents a long-term opportunity for EKI’s expertise in MRV (Measurement, Reporting, and Verification) and advisory services.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0CPR01018/be22b191-e04b-4c04-86de-e47a15130650.pdf

EKI Energy Services has accepted the resignation of Mr. Mohit Kumar Agarwal from the positions of Chief Financial Officer and Whole Time Director, effective from the close of business hours on July 15, 2026. The Board of Directors also approved the appointment of Ms. Pooja Jorway as the new Chief Financial Officer and Whole Time Director for a period of five years, effective July 16, 2026, subject to the approval of the company's members.

The resignation of Mr. Mohit Kumar Agarwal was considered by the Board during its meeting held on Wednesday, July 15, 2026. The Board placed on record its appreciation for the valuable contributions made by Mr. Agarwal during his tenure. In his resignation letter dated July 15, 2026, Mr. Agarwal cited personal commitments as the reason for his departure and confirmed there were no other material reasons for the decision.

Following the recommendation of the Nomination and Remuneration Committee, the Board appointed Ms. Pooja Jorway (DIN: 11760766) to the vacant positions. Ms. Jorway brings over eight years of experience in business operations and executive management. She holds an MBA from the International Institute of Professional Studies, Devi Ahilya Vishwavidyalaya, Indore, and has been associated with the company for several years within the Managing Director's office.

Key Management Changes

The transition in leadership involves the following key details regarding the outgoing and incoming executives:

Ms. Jorway's profile indicates extensive exposure to the company's finance function, including budgeting, financial planning, fund flow, and treasury matters. Her previous roles at Systematix Infotech Pvt. Ltd. and Nenosystems Consulting Services Pvt. Ltd. have further strengthened her operational and stakeholder management capabilities. The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.