Generic Engineering Construction and Projects Limited has secured shareholder approval to appoint two key directors through a remote e-voting process conducted between May 27 and June 25, 2026. The resolutions appointed Mr. Rajesh Kumar Yadav as a Non-Executive Independent Director and Mrs. Shital Laxmikant Lokhande as an Executive Whole Time Director. These appointments are effective following the requisite majority approval obtained during the postal ballot, which concluded on June 25, 2026.

The postal ballot results were scrutinized by Mr. Yatin Sangani, Proprietor of M/s Yatin Sangani & Associates, who submitted his report to the company on June 26, 2026. The voting process was managed via the electronic voting platform provided by the National Securities Depository Limited (NSDL). A total of 22,651,066 votes were polled across both resolutions, representing approximately 39.75% of the total outstanding shares.

Voting Results Summary

The special resolutions for both director appointments received strong support from the promoter and promoter group, while public non-institutional shareholders also participated. The detailed voting pattern for the two resolutions is outlined below.

Appointment Details

Mr. Rajesh Kumar Yadav (DIN: 11120618) was appointed as a Non-Executive Independent Director. Mrs. Shital Laxmikant Lokhande (DIN: 11163063), who currently serves as the Whole-Time Director & CFO, was appointed as an Executive Whole Time Director. The record date for determining shareholder eligibility was May 22, 2026. The company communicated the notice via electronic means, and advertisements were published in the Financial Express and Pratahkal on May 29, 2026.

Generic Engineering Construction and Projects Limited reported a consolidated net profit of ₹850.46 lakh for the year ended March 31, 2026, a decrease from ₹1,213.39 lakh in the previous year. Revenue from operations for the period rose to ₹30,536.53 lakh compared to ₹30,202.04 lakh in FY25. The company's board approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on June 25, 2026.

The statutory auditor, Bilimoria Mehta & Co., issued an unmodified opinion on the standalone and consolidated financial results. The audit confirmed that the results present a true and fair view in conformity with Indian Accounting Standards (IndAS). The consolidated financial results include the accounts of Generic Bootes Construction LLP, a joint venture accounted for using the equity method. The auditor noted that the unaudited financial results of the joint venture, showing a net loss of ₹0.03 lakh for the quarter and ₹0.10 lakh for the year, were not material to the Group.

For the quarter ended March 31, 2026, the company recorded a consolidated net profit of ₹189.03 lakh, a decrease from ₹620.50 lakh in the same quarter of the previous year. Revenue from operations for the quarter stood at ₹11,122.30 lakh, up from ₹10,679.99 lakh in Q4 FY25. Total expenses for the quarter increased to ₹10,916.42 lakh from ₹10,362.29 lakh in the prior year quarter.

Financial Performance

The company's total comprehensive income for FY26 stood at ₹852.53 lakh, down from ₹1,201.85 lakh in the previous year. Basic earnings per equity share for the year decreased to ₹1.50 from ₹1.63 in FY25. The finance costs for the year reduced to ₹1,094.70 lakh from ₹1,326.61 lakh in the prior year.

Segment Reporting

The company operates primarily in two segments: Construction to Services and Trading Material. The Construction to Services segment generated revenue of ₹23,277.52 lakh for the year, while the Trading Material segment contributed ₹7,259.01 lakh. The total segment assets stood at ₹51,801.85 lakh as of March 31, 2026.

The implementation of the New Labour Codes, effective from November 21, 2025, did not result in any material incremental impact on the company's gratuity obligations based on management's assessment. The company continues to monitor the issuance of relevant rules and clarifications.