Madhucon Projects reported a standalone net profit of ₹1,112.23 lakh for FY26, marking a turnaround from the net loss of ₹2,104.41 lakh recorded in FY25. Despite this improvement at the parent company level, the group reported a significant consolidated net loss of ₹46,997.54 lakh, compared to a loss of ₹52,324.28 lakh in the previous year.

The company's total standalone income fell to ₹66,146.80 lakh from ₹85,592.45 lakh in FY25. This decline was driven by a drop in revenue from operations to ₹46,407.81 lakh from ₹58,032.49 lakh. Other income also contracted sharply to ₹19,738.99 lakh from ₹27,559.97 lakh, reflecting lower benefits from one-time settlements and write-backs.

Financial Performance

On a consolidated basis, revenue from operations declined to ₹55,177.12 lakh from ₹67,656.13 lakh. Total expenses for the group stood at ₹122,233.25 lakh, down from ₹152,884.07 lakh in FY25. The reduction in expenses helped narrow the consolidated loss year-on-year.

What the Numbers Show

The divergence between standalone profitability and consolidated losses highlights the financial strain on the group's subsidiaries. While the parent entity managed to reduce costs and record a profit, the consolidated statement reflects heavy depreciation and amortization charges of ₹52,292.52 lakh. This non-cash expense significantly impacted the group's bottom line, underscoring the capital-intensive nature of its infrastructure assets.

Corporate Governance and AGM

The company will hold its 36th Annual General Meeting on Tuesday, September 29, 2026, at 3:00 pm at its registered office in Khammam. Key agenda items include:

• Adoption of audited standalone and consolidated financial statements for FY26.
• Re-appointment of Mr. K. Venkateswarlu as a director.
• Appointment of M/s B. Nursing Rao & Co LLP as statutory auditors for three years.
• Ratification of the appointment of Mr. Prithvi Teja Nama as a director and Mr. Shankara Rao Kadambala as an independent director.

The register of members and share transfer books will remain closed from September 23, 2026, to September 29, 2026. No dividend was declared for the financial year ended March 31, 2026.

Madhucon Projects has confirmed the book closure dates for its 36th Annual General Meeting (AGM), which is scheduled for Tuesday, September 29, 2026. Pursuant to Regulation 42 of the SEBI LODR Regulations, the Registrar of Members and Share Transfer Books will remain closed from Wednesday, September 23, 2026, to Tuesday, September 29, 2026, both days inclusive.

The AGM will be held at 3:00 pm at the company’s registered office in Khammam. The meeting agenda includes ordinary business items such as the adoption of audited financial statements for FY26, alongside special resolutions focused on board composition and debt management strategies.

Board Appointments

Shareholders will be asked to ratify the appointment of Mr. Prithvi Teja Nama as a Director and Mr. Shankara Rao Kadambala as an Independent Director. Both were initially appointed as Additional Directors on August 13, 2026.

Mr. Nama, who holds a B.Tech in Civil Engineering and an MS in Project Management & Business Development, will serve as a Director liable to retire by rotation. He currently holds 10,51,500 shares in the company and serves on the boards of 10 other companies.

Mr. Kadambala, qualified with a B.Sc, LL.B., and P.G.D.J, will serve as an Independent Director for a five-year term ending August 12, 2031. He is not liable to retire by rotation and holds no shares in Madhucon Projects.

Debt Resolution Strategy

A critical item on the agenda involves the non-provision of interest on working capital loans and unsecured loans for the financial year 2025-26. The company states it has submitted a One Time Settlement (OTS) proposal to all working capital banks and financial institutions. Consequently, the board proposes not applying interest provisions in the books of accounts while negotiations for the OTS approval continue.

Auditor Appointments

The meeting will also see the appointment of M/s. B. Narsing Rao & Co LLP as Statutory Auditors for a three-year term commencing July 1, 2026. Additionally, shareholders will ratify the remuneration of ₹1,00,000 for M/s AS RAO & CO., Cost Accountants, for conducting the cost audit for the financial year ending March 31, 2027.

Voting Details

Remote e-voting will open from 9:00 am on Saturday, September 26, 2026, and close at 5:00 pm on Monday, September 28, 2026. Members holding shares as on the cutoff date of September 22, 2026, are eligible to vote electronically via the KFinTech platform.