Expo Engineering and Projects Ltd. Intimates BSE of New Domain Name www.expoepl.com

1 min read     Updated on 11 May 2026, 03:19 PM
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Expo Engineering and Projects Ltd. (formerly Expo Gas Containers Limited) has intimated the BSE on May 11th, 2026, about its new website domain www.expoepl.com, following its corporate name change communicated on 22nd July, 2025. Both the old domain, www.expogas.com, and the new domain, www.expoepl.com, are being maintained simultaneously, with both pointing to the same content and services. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the company has updated its letterhead to reflect the new domain.

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Expo Engineering & Projects (formerly known as Expo Gas Containers Limited) has notified the Bombay Stock Exchange of its newly created website domain, www.expoepl.com , pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation, signed by Managing Director Hasnain S. Mewawala, was submitted on May 11th, 2026.

Background: Corporate Name Change

The company had previously communicated its name change from "Expo Gas Containers Limited" to "Expo Engineering and Projects Limited" via a letter dated 22nd July, 2025. The creation of the new domain, www.expoepl.com , represents a continuation of this rebranding process, aligning the company's digital identity with its updated corporate name.

New Domain and Transition Details

The following key details have been disclosed by the company regarding the domain transition:

Parameter: Details
New Domain: www.expoepl.com
Old Domain: www.expogas.com
Transition Status: Both websites maintained simultaneously
Content Parity: Both websites point to the same location and content
Regulatory Basis: Regulation 30 & Regulation 46, SEBI LODR Regulations, 2015
Intimation Date: May 11th, 2026

The company has confirmed that both the old website, www.expogas.com , and the new website, www.expoepl.com , are currently active and maintained together to ensure a smooth transition for stakeholders. The company has further assured that both websites are pointing to the same location with the same contents and services, in compliance with Regulation 46 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Letterhead Update

As part of the transition, Expo Engineering and Projects Limited has also updated its official letterhead to reflect the new domain name, www.expoepl.com . The intimation was digitally signed by Managing Director Hasnain S. Mewawala (DIN: 00125472) on May 11th, 2026, and has been submitted to the Department of Corporate Services at the Bombay Stock Exchange, P.J. Towers, Dalal Street, Mumbai.

Historical Stock Returns for Expo Engineering & Projects

1 Day5 Days1 Month6 Months1 Year5 Years
-0.46%0.0%0.0%0.0%0.0%+915.04%

What strategic business shifts or new project verticals is Expo Engineering & Projects planning to pursue following its rebranding from a gas containers company?

When does the company plan to fully decommission the old www.expogas.com domain, and how will it communicate this transition to long-term stakeholders?

How might the rebranding from a gas containers identity to an engineering and projects focus impact the company's future revenue mix and client acquisition strategy?

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Expo Engineering & Projects Posts FY26 Audited Results, Advances Merger Proposal

6 min read     Updated on 11 May 2026, 03:07 PM
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Expo Engineering & Projects Ltd held its board meeting on May 11, 2026, approving standalone audited FY26 financial results that showed a significant decline, with net sales falling to ₹6,822.55 lacs from ₹11,474.37 lacs and net profit dropping to ₹174.13 lacs from ₹318.29 lacs. Total assets grew to ₹8,698.51 lacs while operating cash flow turned negative at ₹(640.90) lacs. The board also approved intermediary appointments to evaluate the proposed merger of Expo Project Engineering Services Private Limited with the company, and statutory auditors issued an unmodified opinion on the financial statements.

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Expo Engineering & Projects Ltd (formerly known as Expo Gas Containers Ltd) convened its Board of Directors meeting on Monday, May 11, 2026, as previously intimated to the Bombay Stock Exchange on May 06, 2026. The meeting commenced at 10:15 AM and concluded at 1:55 PM. Pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the company disclosed the outcome of the meeting, signed by Managing Director Hasanain S. Mewawala.

Board Approvals

The board approved several key items at the meeting. These included the Standalone Audited Financial Results for the quarter and year ended March 31, 2026, along with the Auditors' Report, Balance Sheet, Statement of Profit and Loss, Cash Flow Statement, Statement of Changes in Equity, and related notes. The board also approved related party transactions for the half year ended March 31, 2026, and a declaration of unmodified audit opinion in compliance with Regulation 33(3)(d) of the Listing Regulations. Additionally, the board approved the appointment of various intermediaries and professional advisors — including a merchant banker, legal advisors, registered valuer, and other consultants — for the purpose of evaluating and structuring the proposed merger of Expo Project Engineering Services Private Limited with Expo Engineering and Projects Limited. The board also re-appointed Mr. Sunil Sawant, Commerce Graduate, as Internal Auditor for the financial year April 1, 2026 to March 31, 2027, based on the recommendation of the Audit Committee.

Financial Performance

The company's standalone audited financial results (₹ in lacs) reflect a notable decline in revenue and profitability compared to the previous year. The following table summarises the key financial metrics:

Metric: Q4 FY26 (Audited) Q3 FY26 (Unaudited) Q4 FY25 (Audited) FY26 (Audited) FY25 (Audited)
Net Sales/Income from Operations: 1,728.34 1,809.68 3,982.73 6,822.55 11,474.37
Other Income: 17.47 0.14 14.72 17.93 15.20
Total Operating Income: 1,745.81 1,809.82 3,997.45 6,840.48 11,489.57
Total Expenditure: 1,745.38 1,758.73 3,747.32 6,599.73 11,077.83
Profit/(Loss) Before Tax: 0.43 51.09 250.13 240.75 411.74
Net Profit/(Loss) for the Period: (66.19) 51.09 156.68 174.13 318.29
Other Comprehensive Income: 18.66 - (5.22) 18.66 (5.22)
Total Comprehensive Income: (47.53) 51.09 151.46 192.79 313.07
EPS (₹4/- each) Basic & Diluted: (0.21) 0.22 0.66 0.85 1.37

Full-year net sales declined to ₹6,822.55 lacs from ₹11,474.37 lacs in the previous year. Net profit for FY26 stood at ₹174.13 lacs, compared to ₹318.29 lacs in FY25. For the quarter ended March 31, 2026, the company reported a net loss of ₹66.19 lacs against a profit of ₹156.68 lacs in the corresponding quarter of the previous year.

IND AS Reconciliation

The following table presents the reconciliation of net profit from previous GAAP to IND AS for the comparative period:

Particulars: Quarter ended Mar 31, 2025 Year ended Mar 31, 2025
Net Profit under previous GAAP: 156.68 318.29
Actuarial Gain/(Loss) on Other Comprehensive Income: (5.22) (5.22)
Net Profit under IND AS: 151.46 313.07
Total Comprehensive Income under IND AS: 151.46 313.07

Balance Sheet Highlights

The standalone statement of assets and liabilities (₹ in lacs) as at March 31, 2026 is presented below:

Particulars: As at 31.03.2026 As at 31.03.2025
Total Non-Current Assets: 1,363.37 927.78
Total Current Assets: 7,335.14 7,264.51
Total Assets: 8,698.51 8,192.29
Equity Share Capital: 911.85 911.85
Warrant Application Money: 550.50 -
Other Equity: 2,465.00 2,272.20
Total Equity: 3,927.35 3,184.05
Non-Current Liabilities: 391.17 533.23
Total Current Liabilities: 4,379.98 4,475.00
Total Liabilities: 4,771.15 5,008.23
Total Equity and Liabilities: 8,698.51 8,192.29

Total assets grew to ₹8,698.51 lacs from ₹8,192.29 lacs, driven by an increase in inventories and non-current trade receivables. Total equity improved to ₹3,927.35 lacs from ₹3,184.05 lacs, supported by warrant application money of ₹550.50 lacs received during the year.

Cash Flow Summary

The standalone cash flow statement (₹ in lacs) for the year ended March 31, 2026 is as follows:

Particulars: FY26 FY25
Net Cash from Operating Activities: (640.90) 545.67
Net Cash Used in Investing Activities: (67.41) (221.77)
Net Cash from Financing Activities: 700.10 (226.62)
Cash & Cash Equivalents, End of Period: 296.72 304.93

Operating cash flow turned negative at ₹(640.90) lacs for FY26, compared to a positive ₹545.67 lacs in FY25, primarily due to an increase in inventories. Financing activities generated ₹700.10 lacs, aided by warrant application money of ₹550.50 lacs and short-term borrowings of ₹216.20 lacs.

Auditor's Report and Compliance

Statutory auditors M/s. K. S. Shah & Co., Chartered Accountants (FRN 109644W), issued an unmodified audit opinion on the standalone financial statements for the year ended March 31, 2026. Managing Director Hasanain Shaukatali Mewawala and Chairman & CFO Murtuza Shaukatali Mewawala jointly declared that the auditors have not expressed any modified opinions, audit qualifications, or other reservations. The auditors confirmed that the company's internal financial controls over financial reporting were adequate and operating effectively as at March 31, 2026. The auditors also noted an online banking fraud during the year wherein funds amounting to ₹15.23 lacs were misappropriated; the company has filed a cyber-crime report and FIR with the relevant authorities, and the amount is kept under receivables pending investigation.

Disputed Tax Dues

The following disputed tax dues are outstanding as reported by the auditors:

Particulars: Forum Where Dispute is Pending Financial Year Amount (₹ in Lacs)
Income Tax: Assistant Commissioner of Income Tax 2010-11 34.40
Income Tax: Commissioner of Income Tax (Appeals) 2011-12, 2012-13 235.17
GST: Appellate Authority 2017-18 42.40

Merger Proposal Update

At the board meeting, the company approved the appointment of intermediaries and professional advisors for evaluating and structuring the proposed merger of Expo Project Engineering Services Private Limited with Expo Engineering and Projects Limited. The board discussed the feasibility and potential implications of the scheme. Related party transactions for the half year ended March 31, 2026 included managerial remuneration of ₹13,80,000 (six monthly) paid to Managing Director Hasanain S. Mewawala, and a loan and advance to Expo Project Engg. Services Pvt Ltd, which reduced from ₹54,31,204 to ₹90,502 after a repayment of ₹53,40,702 during the period. The financial results will be filed in XBRL mode within the stipulated timeframe and hosted on the company's website. The company's name was changed from Expo Gas Containers Limited to Expo Engineering and Projects Limited with effect from July 21, 2025, following a special resolution passed at an extraordinary general meeting on June 27, 2025, and approvals from the ROC and BSE dated July 21, 2025 and July 31, 2025 respectively.

Historical Stock Returns for Expo Engineering & Projects

1 Day5 Days1 Month6 Months1 Year5 Years
-0.46%0.0%0.0%0.0%0.0%+915.04%

How will the proposed merger of Expo Project Engineering Services Private Limited with Expo Engineering and Projects Limited impact the combined entity's revenue trajectory and ability to reverse the 40% revenue decline seen in FY26?

Given the negative operating cash flow of ₹640.90 lacs and rising inventory levels in FY26, what financing strategy will the company pursue to sustain operations if the warrant application money is fully converted to equity?

How might the pending disputed tax dues totaling over ₹311 lacs across multiple assessment years affect the company's financial position and investor confidence during the ongoing merger evaluation process?

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