Leapfrog Engineering Services Limited reported a 20.7% rise in Profit After Tax (PAT) for FY26, reaching ₹19.58 crore. Revenue from operations grew 13.1% year-on-year to ₹152.34 crore.

The company, which transitioned to a listed entity on June 24, 2026, disclosed these figures during its 21st Annual General Meeting held on September 26, 2026. The meeting was conducted via Video Conferencing in compliance with MCA and SEBI circulars. All resolutions proposed in the notice were passed subject to e-voting results.

Financial Performance Overview

The Chief Financial Officer highlighted robust growth across key financial metrics for the fiscal year ended March 31, 2026. Net worth expanded significantly, reflecting retained earnings and operational strength.

Order Book and Strategic Focus

As of September 25, 2026, the company's order book stood at approximately ₹382.86 crore, comprising both domestic and export orders. This backlog provides visibility for future execution and reflects sustained demand for engineering solutions. The business spans diverse sectors including Oil & Gas, Utilities, Metals & Minerals, Pharmaceuticals, Chemicals & Fertilizers, Infrastructure, and Renewable Energy.

Management outlined plans to strengthen execution capabilities and improve operational efficiency. Key strategic initiatives include expanding international presence by targeting North Africa and entering new verticals such as Renewables, Water, and Data Centre applications. The company is also developing a proposed assembling facility in Bengaluru to enhance capacity and customer responsiveness.

What the Numbers Show

A significant concentration is visible in the revenue mix for FY26. Contract revenue accounted for ₹143.71 crore, representing approximately 94% of total revenue from operations. This indicates that Leapfrog Engineering remains predominantly contract-led rather than product-driven. The substantial order book of ₹382.86 crore, which is roughly 2.5 times the annual revenue, suggests a strong pipeline that could support continued top-line growth if execution timelines are met efficiently.

Governance and Resolutions

The AGM addressed several ordinary and special business items. Key resolutions included:

• Adoption of Audited Financial Statements for FY26.
• Appointment of Mrs. Sapna Raghavendra as Director liable to retire by rotation.
• Appointment of Statutory Auditors for five consecutive years.
• Appointment of Mr. Sudhir Vishnupant Hulyalkar as Secretarial Auditor.
• Approval of borrowing powers under Section 180(1)(c) of the Companies Act, 2013.
• Approval of creation of mortgage or charge on assets under Section 180(1)(a) of the Companies Act, 2013.

The Managing Director noted that there were no qualifications or adverse comments from the Statutory or Secretarial Auditors. Voting results will be declared within two working days upon receipt of the Scrutinizer's Report.

Leapfrog Engineering Services Limited has scheduled its 21st Annual General Meeting (AGM) for Saturday, September 26, 2026. The meeting will be conducted via Video Conferencing or Other Audio-Visual Means to transact ordinary and special business items.

Shareholders will consider the adoption of the audited financial statements for the fiscal year ended March 31, 2026. The company reported a revenue from operations of ₹15,233.77 lakh and a profit after tax of ₹1,958.49 lakh for the period.

Key Agenda Items

The Board of Directors has proposed several resolutions for shareholder approval during the meeting:

• Re-appointment of Mrs. Sapna Raghavendra as a director liable to retire by rotation.
• Appointment of M/s. GRSM & Associates as statutory auditors for a five-year term commencing from the conclusion of the AGM.
• Appointment of Mr. Sudhir Vishnupant Hulyalkar as Secretarial Auditor for five consecutive years starting from FY27.
• Approval of borrowing powers for the Board of Directors up to ₹200 crore under Section 180(1)(c) of the Companies Act, 2013.
• Authorization to create mortgage, charge, hypothecation, or other security on company assets under Section 180(1)(a).

Financial Performance Overview

The financial results for FY26 reflect growth in key metrics compared to the previous year. Contract revenue emerged as the primary driver, more than doubling year-on-year.

What the Numbers Show

The composition of revenue shifted significantly towards integrated project execution. Contract revenue surged 102.6% to ₹14,370.61 lakh, accounting for approximately 94.3% of total revenue in FY26, compared to roughly 52.7% in FY25. Conversely, revenue from sale of services declined sharply by 91.6% to ₹503.90 lakh, indicating a strategic pivot away from standalone services toward larger engineering, procurement, construction, and commissioning contracts.

E-Voting Details

Remote e-voting will commence on Tuesday, September 22, 2026, at 9:00 am and conclude on Friday, September 25, 2026, at 5:00 pm. The cut-off date for e-voting eligibility is Saturday, September 19, 2026. Members holding shares as on this date are entitled to cast their votes electronically via the National Securities Depository Limited platform.