Incon Engineers approves financial statements at 56th AGM

Incon Engineers Limited held its 56th Annual General Meeting on July 16, 2026, adopting the audited financial statements for the year ended March 31, 2026. The meeting, chaired by Managing Director Shri Sreedhar Chowdhury, took place at the company's registered office in Hyderabad. Shareholders approved the re-appointment of a director and authorized several key resolutions including material related party transactions and strategic land conversion initiatives.

The Board of Directors engaged NSDL to facilitate remote e-voting, which commenced on July 13, 2026, and concluded on July 15, 2026. Physical voting was also available during the meeting for members present. Ms. Sridevi Madati, a Practicing Company Secretary from MNM & Associates, was appointed as the Scrutinizer to oversee both the remote e-voting and physical ballot processes.

Resolutions Passed

The meeting transacted six items, covering both ordinary and special business. The resolutions included the adoption of financial reports and corporate actions related to land use and loans.

S.No	Particulars of Resolutions
Ordinary Business
1	Adoption of Audited Statement of Profit & Loss for the financial year ended 31 March, 2026 and the Audited Balance Sheet as at that date together with the reports of the Board of Directors and Auditors thereon.
2	Re-Appointment of Director in place of Dr. B. Neeta Kumari (DIN.00313522) who retires by rotation and being eligible, offers herself for re-appointment.
Special Business
3	Approval for Material Related Party Transaction
4	Authorization to any Director for identifying possible alternatives pursuant to Government Of Telangana G.O.Ms.No.27 Dated 22.11.2025 and Operational Guidelines through G.O.No.18 dated 22.05.2026 specifying Industries & Commerce Department - "Hyderabad Industrial Lands Transformation Policy (HILTP)" for the strategic conversion of Industrial Land within and near the Outer Ring Road (ORR) to Multi-Use Zones and pursuant to Section 180(1)(a) of The Companies Act, 2013 and Regulation 37A of Sebi (LODR) Regulations 2015.
5	Authorization under Section 186 of the Companies Act, 2013
6	Approval for giving Loan or Guarantee or providing Security in connection with loan availed by any of the Company's entities or any other person specified under Section 185 of the Companies Act, 2013.

Strategic Authorizations

Shareholders authorized the Board to identify alternatives under the Hyderabad Industrial Lands Transformation Policy (HILTP). This resolution allows for the strategic conversion of industrial land within and near the Outer Ring Road (ORR) to Multi-Use Zones. The authorization is pursuant to specific Government of Telangana orders and relevant sections of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Additionally, the company received approval to provide loans, guarantees, or security under Section 185 of the Companies Act, 2013. The meeting concluded with the Chairman clarifying queries raised by members. Detailed voting results on the resolutions will be submitted separately to the exchanges in the prescribed format under Regulation 44 of the SEBI (LODR) Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.98%	+5.85%	+128.15%	+128.00%	+232.36%	+493.75%

Incon Engineers Limited reported a net loss of ₹42.57 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹40.98 lakh in the previous year. Revenue from operations and other income increased to ₹43.55 lakh from ₹36.78 lakh in FY25. The company's operations were impacted by delays in the finalization of orders by potential customers, though it remains hopeful that projects in the pipeline will materialize in the current year.

The Board of Directors has recommended that no dividend be paid for the financial year 2025-26. The company has not transferred any amount to reserves for the period. The paid-up share capital stands at ₹4.32 crore, while the net worth was reported at negative ₹0.78 crore as on March 31, 2026.

Financial Results

Particulars	Year ended 31.03.2026 (₹ in Lakhs)	Year ended 31.03.2025 (₹ in Lakhs)
Revenue from operations and other income	43.55	36.78
Profit before finance costs and depreciation	(32.49)	(32.46)
Finance Cost	9.02	6.81
Depreciation and amortization expenses	1.06	1.71
Profit / Loss after tax	(42.57)	(40.98)
Total comprehensive income	(42.21)	(40.94)

Key Meeting Details

The register of members and share transfer books will remain closed from June 11, 2026, to July 16, 2026, for the 56th Annual General Meeting (AGM). The meeting is scheduled to be held on July 16, 2026, at 10.00 A.M. at B-6/3, IDA, Uppal, Hyderabad.

Event	Date
Book Closure Start	June 11, 2026
Book Closure End	July 16, 2026
56th AGM	July 16, 2026

The statutory auditors, M/s. Brahmayya & Co., reported that the company has an adequate internal financial controls system operating effectively. However, the auditors noted that the accounting software used did not have a feature for recording an audit trail (edit log), preventing them from reporting on the preservation and integrity of the audit trail as required under regulations.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE507D01010/402a61a0-7c42-4755-9837-09f5e242d252.pdf