Meghna Infracon Infrastructure fixed the record date for its final dividend payout and scheduled its 19th Annual General Meeting (AGM) for September 30, 2026. The meeting will be held via video conferencing or other audio-visual means.

The company published newspaper advertisements in Active Times and Mumbai Lakshdeep on September 8, 2026, intimating the AGM details. The notice was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dividend Details

The board had previously recommended a final dividend of ₹0.25 per equity share on 2,17,23,750 equity shares of face value ₹10 each for the financial year ended March 31, 2026. This recommendation is subject to shareholder approval at the AGM.

Shareholders holding shares as of the record date will be eligible for the dividend if declared by shareholders at the AGM.

E-Voting Schedule

The company set the e-voting cut-off date at September 25, 2026, to determine eligibility for voting at the AGM. The remote e-voting period runs from September 27, 2026, at 9:00 am to September 29, 2026, at 5:00 pm. Members who have cast their vote by remote e-voting can attend the AGM but shall not be entitled to cast their votes again.

The facility of voting through electronic voting system will also be made available at the AGM for members attending who have not cast their votes remotely. Results will be declared within two working days from the conclusion of the meeting.

Internal Auditor Appointment

Meghna Infracon appointed M/s. Hemal K Shah & Associates (FRN No. 153924W) as the internal auditor for the financial year ending March 31, 2027. The appointment was effective from September 5, 2026.

Mr. Hemal K Shah, a Chartered Accountant with 10 years of experience, leads the firm. The disclosure confirms that the auditor is not related to any director of the company.

What the Numbers Show

The final dividend recommendation of ₹0.25 per share implies a total payout liability of approximately ₹54.31 lakh, calculated against the outstanding 2,17,23,750 equity shares. This figure represents the maximum potential cash outflow for this specific corporate action pending shareholder ratification.

Meghna Infracon Infrastructure reported a sharp decline in profitability for the quarter ended June 30, 2026, with net profit falling 63% year-on-year to ₹5.67 million. The company’s revenue from operations also contracted by 19% to ₹84.32 million, reflecting softer operational performance in the first quarter of FY27.

Financial Performance

The company’s top-line growth stalled as revenue dropped from ₹104.71 million in Q1FY26 to ₹84.32 million in the current quarter. This decline was accompanied by a sharp contraction in earnings before interest, taxes, depreciation, and amortization (EBITDA), which fell 53.63% year-on-year to ₹9.30 million.

EBITDA margins narrowed significantly by 858 basis points to 11.03%, down from 19.15% in the same period last year. Profit after tax (PAT) margins also compressed by 791 basis points to 6.72%. Finance costs rose to ₹1.36 million from ₹0.32 million in Q1FY26, contributing to the pressure on bottom-line results.

Operational Highlights

Sales bookings for the quarter stood at ₹190 million, while collections amounted to ₹84.31 million. The company delivered one project during the quarter and maintains an area under development of 253,230 square feet. Total projects in the portfolio remain at 12.

What the Numbers Show

A notable divergence exists between the company’s revenue decline and its margin compression. While revenue fell 19%, EBITDA declined at a much faster pace of 53.63%, indicating that cost structures did not adjust proportionately to the drop in sales volume. Additionally, finance costs increased fourfold year-on-year, suggesting higher leverage or interest rate impacts that weighed on net profitability despite a modest rise in other income.

Project Portfolio

Meghna Infracon continues to focus on its ongoing projects, including Riviera, which is at the society handing-over stage, and Rivaan, which is 70% complete. The company has launched Meghna-One in Thane, marking its entry into commercial office spaces, alongside ultra-luxury villa developments. Upcoming projects include Bole Smruti in Dadar West and Bharti CHS in Bandra West.