GK Energy Limited has released the transcript of its earnings conference call held on May 13, 2026, to discuss the audited standalone and consolidated financial results for the quarter and fiscal year ended March 31, 2026. The management, led by Chairman and Managing Director Mr. Gopal Kabra, provided insights into the company's operational performance and future outlook.

Financial Performance Overview

For the fiscal year 2026, GK Energy reported revenue from operations of ₹1,532.54 crore, a year-on-year increase of 40%. Profit After Tax (PAT) rose 51.10% to ₹201.27 crore, while EBITDA stood at ₹313.18 crore with margins improving to 20.44% from 18.64% in the previous year. The Board of Directors approved these results at a meeting on May 13, 2026.

On a standalone basis, revenue from operations for FY26 reached ₹15,325.41 million, up from ₹10,948.27 million in FY25. Net profit increased to ₹2,012.73 million from ₹1,332.23 million. At the consolidated level, total revenue from operations was ₹17,152.80 million for FY26, compared to ₹10,948.27 million in the prior year, with a net profit of ₹2,042.97 million.

Operational Highlights

The company installed 276 MW of renewable energy capacity during FY26, deploying 61,085 decentralised renewable energy systems, a 34% increase over the previous year. This brought the cumulative total to over 140,000 systems. GK Energy operates across more than 7,500 villages with over 1,200 installation partners. The total order book as of March 31, 2026, stood at ₹710 crore.

Management highlighted a 10-year revenue CAGR of 66.49% and a PAT CAGR of 104.36%. The company ended FY26 with a net surplus cash of ₹240 crore compared to a net debt position of ₹155 crore in FY25. Working capital days improved to 112 days from 183 days in H1 FY26.

Future Outlook

Looking ahead to FY27, GK Energy targets doubling its revenue to approximately ₹3,000 crore. The company aims to install 120,000 to 140,000 pumps and generate ₹600 crore to ₹1,000 crore from its rooftop solar business. Management expects to maintain double-digit net margins and is focusing on expanding its presence in Maharashtra and Madhya Pradesh while leveraging its asset-light business model.

GK Energy Limited declared the results of its postal ballot on May 09, 2026, confirming the passage of a Special Resolution for the appointment of Mr. Subhash Vasant Ghaisas (DIN: 11479724) as Non-Executive Independent Director of the Company. The resolution was put to vote through remote e-voting as per the Postal Ballot Notice dated April 07, 2026, and was scrutinized by Avanti Rajwade, Practicing Company Secretary, whose report is dated May 09, 2026.

Voting Process and Timeline

The remote e-voting window commenced at 09:00 A.M. (IST) on Thursday, April 09, 2026 and concluded at 05:00 P.M. (IST) on Friday, May 08, 2026. The cut-off date for determining shareholders entitled to vote was April 03, 2026, on which date the total number of shareholders on record stood at 50804. The Postal Ballot Notice was dispatched electronically to members on April 08, 2026, and an advertisement was published on April 09, 2026 in Financial Express (English) and Loksatta (Marathi) newspapers. Remote e-voting facilities were provided by MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited).

Voting Results — Special Resolution

The Special Resolution for the appointment of Mr. Subhash Vasant Ghaisas as Non-Executive Independent Director was passed with an overwhelming majority. The detailed category-wise voting outcome is presented below:

Of the total 177082274 votes polled, 177082037 votes (99.9999%) were cast in favour of the resolution and 237 votes (0.0001%) were cast against. No invalid votes were recorded. Voting was conducted exclusively through remote e-voting; no votes were cast through poll or physical postal ballot by any category of shareholders.

Details of the Appointment

The key terms of Mr. Ghaisas's appointment as approved through the Special Resolution are as follows:

Mr. Ghaisas was initially appointed as an Additional Non-Executive Independent Director with effect from February 13, 2026, by the Board of Directors on the recommendation of the Nomination and Remuneration Committee. He has submitted a declaration confirming that he meets the criteria for independence as provided under Section 149(6) of the Companies Act, 2013 and the applicable Listing Regulations.

Scrutinizer's Findings

Avanti Rajwade, Practicing Company Secretary (Membership No. A30219, CP No. 20728), was appointed as Scrutinizer by the Board of Directors to oversee the remote e-voting process in a fair and transparent manner. Based on the scrutiny of votes generated from the e-voting system of MUFG Intime India Private Limited, the Scrutinizer confirmed that Item No. 1 of the Postal Ballot Notice has been passed with the requisite majority as a Special Resolution. The electronic data and all relevant records relating to e-voting are to be handed over to Mr. Shubham Suresh Jain, Company Secretary and Compliance Officer, for safe keeping as provided under the applicable provisions of the Companies Act, 2013.