Engineers India Limited passed all eight resolutions at its 61st Annual General Meeting held on September 18, 2026. The meeting was conducted through video conferencing and other audio-visual means.

The company secured the requisite majority for all ordinary and special resolutions. Shareholders approved the adoption of audited financial statements for FY26, the declaration of a final dividend, and several key board appointments.

Board Appointments

Shareholders appointed Shri Atul Gupta as Chairman and Managing Director. The resolution received support from 95.38% of votes polled.

Two new non-official independent directors were appointed via special resolutions:

• Smt. Kahuli Sema, who received 84.95% support.
• Shri Ashish Kumar Gupta, who received 98.51% support.

Additionally, Shri Rajiv Agarwal and Shri Arun Kumar were re-appointed as directors by rotation. Their respective resolutions passed with 92.95% and 82.35% approval from voting shareholders.

Financial and Audit Matters

The ordinary resolution to adopt the audited standalone and consolidated financial statements for the year ended March 31, 2026, passed with 98.58% in favor. The final dividend for FY26 was approved with near-unanimous support at 99.99%.

The board was authorized to fix the remuneration of statutory auditors for FY27, a resolution that passed with 99.59% approval.

Voting Participation

As of the record date, the company had 389,316 shareholders holding 562,042,373 shares. Promoter and promoter group entities held 288,458,584 shares, representing approximately 51% of the total equity.

Public institutional holders voted on 121,341,390 to 122,092,034 shares across various resolutions, while other public shareholders voted on approximately 385,557 to 386,093 shares. All voting data was scrutinized by M/s. VAP & Associates, Company Secretaries.

What the Numbers Show

Promoter participation was absolute across all agenda items, with 100% of promoter-held shares voting in favor of every resolution. This indicates complete alignment between the controlling stake and the board's proposals, including the leadership transition to Atul Gupta and the addition of new independent directors.

Engineers India Limited reported its strongest financial performance to date for FY26, with profit after tax rising 37.3% to a record ₹638 crore. Revenue from operations grew 27.1% to ₹3,849 crore, driven by robust execution and improved operating efficiency.

The company held its 61st Annual General Meeting on September 18, 2026, where shareholders approved the adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026. The Board also recommended a final dividend of ₹2.50 per share, bringing the total payout for FY26 to ₹5 per share.

Financial Performance

The fiscal year marked significant growth across key metrics. Operating margins expanded to 16.22% from 14.76%, reflecting stronger execution discipline. Earnings per share reached a record ₹11.36, up from ₹8.28 in the previous year.

On a consolidated basis, profit for the year stood at approximately ₹691 crore, registering a growth of roughly 19%. Wholly owned subsidiary CEIL reported a PAT of ₹24.71 crore, while joint venture RFCL contributed ₹47.37 crore as EIL's share.

Order Book and Business Wins

EIL secured total business worth ₹7,978 crore during FY26, pushing the order book to an all-time high of ₹15,109 crore as on March 31, 2026. Consultancy projects accounted for ₹6,009 crore, while turnkey business contributed ₹1,969 crore.

International expansion remained a key driver, with foreign order inflow reaching a record ₹4,929 crore. This momentum was supported by new assignments in Africa, the Middle East, Central Asia, and South America, including a US$360 million contract for the Dangote Train-2 expansion in Nigeria and a US$70 million PMC/EPCM contract for a Dangote Fertiliser Project.

What the Numbers Show

The divergence between revenue growth (27.1%) and profit growth (37.3%) highlights an operational leverage effect, evidenced by the 146 basis point expansion in operating margins. Additionally, international orders constituted approximately 61.8% of total new business inflows, signaling a strategic shift toward higher-value overseas contracts rather than relying solely on domestic hydrocarbon projects.

Corporate Actions and Governance

Shareholders approved the re-appointment of directors Rajiv Agarwal and Arun Kumar, who retired by rotation. The Board also appointed Atul Gupta as Chairman & Managing Director. Special resolutions were passed to appoint Kahuli Sema and Ashish Kumar Gupta as Non-official Independent Directors.

The Company Secretary confirmed that 147 members, representing 28,86,07,539 shares, participated in the meeting via video conferencing. The President of India's nominee, holding 51.32% of shares, was among the participants.