GP Eco Solutions India Limited reported a 287.28% year-on-year increase in Profit After Tax (PAT) to ₹40.12 crore for the financial year ended March 31, 2026 (FY26). Total revenue grew 68.82% to ₹417.71 crore, driven by performance in its EPC and Battery Energy Storage Systems (BESS) segments. The company’s EBITDA for FY26 stood at ₹62.59 crore, with margins expanding to 14.98% from 6.82% in the previous year.

GP Eco Solutions India Limited disclosed these figures in an investor presentation submitted to the National Stock Exchange of India Ltd. The company attributed the strong financial performance to its integrated solar and energy storage platform. For FY26, the company achieved a PAT margin of 9.61%, compared to 4.19% in FY25.

Financial Performance

The company’s total income increased to ₹417.71 crore in FY26 from ₹247.44 crore in FY25. Key expenses included raw material costs of ₹326.58 crore and employee benefit expenses of ₹9.68 crore. Finance costs rose to ₹7.11 crore during the year.

Strategic Outlook

Management has set a target for 3x revenue growth in FY27 and 5x in FY28, using FY26 as a base year. The strategic focus remains on the BESS segment. Through its subsidiary Invergy India, the company currently has an installed base of 50+ MWh and a total BESS capability of 500+ MWh, which it plans to scale up to 3 GWh.

Operational Highlights

The company is expanding its manufacturing footprint with a new facility in Dasna, Uttar Pradesh. The Dasna factory, spanning 217,000 sq. ft., is scheduled to commence operations in Q4FY26. Additionally, the company commissioned India’s first fully indigenous 1 MWh BESS in April 2026, featuring 100% indigenous intellectual property.

GP Eco Solutions India Limited has scheduled an Extra-Ordinary General Meeting (EGM) on June 20, 2026, to seek shareholder approval for raising capital through a preferential issue of equity shares and warrants. The company aims to aggregate up to ₹123.76 crore to fund working capital requirements, with the proceeds intended to be utilized by March 2028. The meeting will be conducted via video conferencing, with remote e-voting available from June 17 to June 19, 2026.

Preferential Allotment Details

The Board of Directors has approved the issuance of up to 553,000 equity shares and 2,847,000 fully convertible warrants. The securities will be allotted at a price of ₹364 per unit, determined in accordance with SEBI (ICDR) Regulations, 2018. The issue price is higher than the regulatory floor price of ₹363.86, derived from the volume-weighted average price of the company's shares on the National Stock Exchange.

The equity shares will be offered to 26 public category investors, while the warrants will be allocated to three promoters and four public entities. Promoters Anju Pandey, Deepak Pandey, and Astik Mani Tripathi are proposed to receive 233,334, 233,333, and 233,333 warrants respectively. The warrants are convertible into equity shares within 18 months from the date of allotment, with 25% of the consideration payable upfront and the balance due at the time of conversion.

Utilization of Proceeds

The company intends to utilize the net proceeds, estimated at ₹12,376 lakh, entirely for working capital requirements. Given that the issue size exceeds ₹100 crore, GP Eco Solutions is required to appoint a SEBI-registered credit rating agency to monitor the deployment of funds. The allotment of equity shares and warrants is proposed to be completed within 15 days from the date of shareholder approval, subject to regulatory clearances.

Key Resolutions

Alongside the capital raising proposal, the EGM agenda includes six special resolutions. Shareholders will vote on approving material related party transactions with subsidiaries such as Invergy India Private Limited and AN3 techno Power Limited. The company also seeks approval to increase its borrowing limits and the limit for selling assets to ₹750 crore each for the financial year 2026-27. Furthermore, the resolution includes granting loans, guarantees, or providing security to 13 group entities, including GPES Green Projects Private Limited and GPES Solar 10 Private Limited, totaling ₹780 crore.

Meeting and Voting Schedule

The EGM will be held on Saturday, June 20, 2026, at 02:30 PM IST. The book closure period is from June 13, 2026, to June 20, 2026. Shareholders as on the cut-off date of June 13, 2026, are eligible to vote. The remote e-voting period commences on June 17, 2026, at 09:00 AM and concludes on June 19, 2026, at 05:00 PM. The scrutinizer for the voting process is CS Naveen Shree Pandey.