Expo Engineering & Projects reported a net profit of ₹60.76 lakh for the first quarter ended June 30, 2026, marking a 42% decline from the ₹104.45 lakh profit in Q1FY26. While profitability contracted due to a 23% drop in revenue to ₹13.75 crore, the company achieved an improved EBITDA margin of 11.95%, up from 10.68% in the prior year quarter, driven by disciplined cost management. The results were approved by the Board on August 11, 2026, alongside an investor presentation highlighting strong order accretion.

Revenue from operations fell to ₹13.75 crore from ₹17.85 crore in Q1FY26. However, EBITDA stood at ₹1.65 crore, compared to ₹1.91 crore previously, with margins expanding as other expenses decreased significantly to ₹5.15 crore from ₹9.18 crore. Profit before tax was ₹60.76 lakh with no tax expense recorded. The company’s total operating income was ₹13.75 crore, with total expenditure at ₹13.14 crore.

The order book strengthened to ₹122.90 crore (net) as of June 30, 2026, supported by significant new contracts. The company secured a maintenance and inspection order worth ₹44.66 crore (inclusive of GST) from ONGC and a supply order for hoppers worth ₹3.74 crore (inclusive of GST) from Reliance Industries. Additional smaller orders aggregated ₹1.33 crore. These wins reinforce revenue visibility in the oil and gas segment.

In corporate developments, the Board approved the re-appointment of Venkateswaran Manickam Chittoor as a Non-Executive Independent Director for a five-year term, effective September 10, 2026, subject to shareholder approval at the Annual General Meeting scheduled for the same date. Book closure dates are set from September 4 to September 10, 2026. Additionally, the company completed the allotment of 13,32,856 equity shares to promoter Murtuza Shaukatali Mewawala upon warrant conversion, raising ₹6.99 crore.

What the Numbers Show

The divergence between declining revenue and improving EBITDA margins indicates successful operational leverage despite lower top-line growth. The sharp reduction in other expenses, which fell by over 44% year-on-year, offset the impact of lower sales volume. With a robust order book exceeding ₹122 crore and entry into major public sector clients like ONGC, the company is positioned for potential revenue recovery in subsequent quarters, provided execution remains efficient.

Expo Engineering & Projects Ltd. (formerly known as Expo Gas Containers Ltd.) has intimated the Bombay Stock Exchange of its proposal to re-appoint Mr. Venkateswaran Manickam Chittoor (DIN 02532306) as a Non-Executive Independent Director of the Company for a second term of 5 consecutive years, commencing from September 10, 2026. The proposal, based on the recommendation of the Nomination and Remuneration Committee, was considered by the Board and remains subject to approval of shareholders at the ensuing Annual General Meeting. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Master Circular dated January 30, 2026.

Re-appointment Details

The key details of the proposed re-appointment are summarised below:

Profile of Mr. Venkateswaran Manickam Chittoor

Mr. Venkateswaran Manickam Chittoor, widely known as Venkat, is a seasoned professional with a career spanning over 37 years. He began his professional journey at Rashtriya Chemicals & Fertilizers (RCF), where he laid the foundation for his subsequent career. He later rose to prominence as CEO and Vice President of Aker Power Gas Subsea Pvt. Ltd., demonstrating significant leadership capabilities.

As a Chartered Mechanical Engineer, Mr. Chittoor has accumulated extensive experience across several domains:

• Quality Management
• Construction
• Project Execution
• Supply Chain Management

His expertise in multi-disciplinary interfaces enabled him to manage complex projects effectively. He subsequently assumed the role of Global Supply Chain Manager at Aker Solutions, reflecting his global professional standing.

Regulatory Disclosure

The intimation was submitted to the Department of Corporate Services, Bombay Stock Exchange, P.J. Towers, Dalal Street, Mumbai, on August 11, 2026. The filing was signed by Hasanain S. Mewawala, Managing Director (DIN: 00125472), on behalf of Expo Engineering and Projects Limited. The requisite disclosures as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, were enclosed as Annexure A along with the intimation.