NCC Limited Submits Annual Secretarial Compliance Report for FY 2025-26 with Zero Deviations

3 min read     Updated on 18 May 2026, 12:49 PM
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NCC Limited submitted its Annual Secretarial Compliance Report for FY 2025-26 to the stock exchanges on May 18, 2026, under Regulation 24A of SEBI LODR Regulations, 2015. The report, issued by M/s Ravi & Subramanyam, Company Secretaries, Hyderabad, and dated May 15, 2026, confirmed full compliance across all applicable SEBI regulations with no deviations or penalties recorded. Key governance areas including related party transactions, insider trading norms, website disclosures, and subsidiary reporting were all found to be compliant. No regulatory actions were taken against the company, its promoters, directors, or subsidiaries by SEBI or the stock exchanges during the review period.

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NCC Limited submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026, to the stock exchanges on May 18, 2026. The submission was made in compliance with Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report was prepared and issued by M/s Ravi & Subramanyam, Company Secretaries, Hyderabad, and bears the date May 15, 2026.

Report Scope and Examination

The compliance report was prepared by A. Ravi Shankar, Partner at Ravi & Subramanyam (M. No: F5335, C.P. No: 4318, UDIN: F005335H000358523), following a thorough examination of all relevant documents, records, filings, and the company's website for the review period. The examination covered compliance with the SEBI Act, 1992, and the Securities Contracts (Regulation) Act, 1956, along with all applicable regulations, circulars, and guidelines issued thereunder.

The specific regulations examined are summarised below:

Regulation Applicability
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Applicable
SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 Not Applicable during the year under review
SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Applicable
SEBI (Buyback of Securities) Regulations, 2018 Not Applicable during the year under review
SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 Not Applicable during the year under review
SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 Not Applicable during the year under review
SEBI (Prohibition of Insider Trading) Regulations, 2015 Applicable
SEBI (Depositories and Participants) Regulations, 2018 Applicable

Compliance Status: No Deviations Recorded

The practicing company secretary confirmed that NCC Limited complied with all applicable provisions of the above regulations and circulars during the review period. The compliance deviation table recorded Nil exceptions, indicating no regulatory breaches, penalties, or corrective actions were required.

Key Compliance Highlights

The report assessed compliance across multiple governance and regulatory parameters. The following key areas were reviewed and confirmed as compliant:

  • Website Maintenance and Disclosures: The company maintained a functional website with timely dissemination of documents and accurate web-links in annual corporate governance reports under Regulation 27(2).
  • Disqualification of Directors: None of the directors of the company were disqualified under Section 164 of the Companies Act, 2013.
  • Subsidiary Disclosures: Material subsidiary companies were identified and all required disclosures with respect to material as well as other subsidiaries were made.
  • Preservation of Documents: Records were preserved and maintained as prescribed under SEBI Regulations, in accordance with the company's Policy of Preservation of Documents and Archival Policy.
  • Performance Evaluation: The board conducted performance evaluations of the Board, Independent Directors, and Committees at the start of the financial year as prescribed.
  • Related Party Transactions (RPTs): Prior approval of the Audit Committee was obtained for all related party transactions.
  • Disclosure of Events or Information: All required disclosures under Regulation 30 read with Schedule III of SEBI LODR Regulations, 2015, were provided within prescribed time limits.
  • Prohibition of Insider Trading: The company was in compliance with Regulations 3(5) and 3(6) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.
  • Regulatory Actions: No actions were taken against the company, its promoters, directors, or subsidiaries by SEBI or by BSE and NSE during the year under review.
  • Statutory Auditor Resignation: No such event occurred during the financial year.
  • Additional Non-Compliances: No additional non-compliance was observed for any SEBI regulation, circular, or guidance note during the year under review.

Submission Details

The report was submitted to the stock exchanges by A. Karthik, Company Secretary of NCC Limited, under reference number NCCL/Sec-Com/2026-27. The secretarial compliance report was issued by Ravi & Subramanyam, Company Secretaries (Peer Review No: 1349/2021), from Hyderabad, and is dated May 15, 2026.

Historical Stock Returns for NCC

1 Day5 Days1 Month6 Months1 Year5 Years
-4.97%-10.20%-1.77%-17.07%-33.45%+92.80%

How might NCC Limited's consistent regulatory compliance record influence its ability to secure large government infrastructure contracts in FY2027?

Given that SEBI's Issue of Capital regulations were not applicable this year, is NCC Limited likely to pursue any equity fundraising or rights issue in the near term to fund its order book expansion?

How could potential changes to SEBI's LODR regulations or stricter insider trading enforcement impact NCC Limited's compliance costs and governance structure going forward?

NCC FY26 Net Profit at ₹675 Cr; Q4 Revenue Rises to ₹6250.98 Crore

3 min read     Updated on 18 May 2026, 05:43 AM
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NCC Limited reported a consolidated net profit of ₹675.32 Crore for FY2025-26, down from ₹819.88 Crore, with revenue declining to ₹20944.40 Crore. Q4 net profit stood at ₹206.02 Crore with an EBITDA margin of 8.84%. The company secured new orders worth ₹31884 Crore during the year, with a consolidated order book of ₹83004 Crore, and recommended a dividend of ₹2.20 per share.

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NCC Limited reported a consolidated net profit of ₹675.32 Crore for the financial year ended March 31, 2026, compared to ₹819.88 Crore in the previous year. Revenue from operations for FY2025-26 stood at ₹20944.40 Crore, a decrease from ₹22354.91 Crore in FY2024-25. The Board of Directors has recommended an equity dividend of ₹2.20 per share (110%) for the fiscal year, subject to shareholder approval at the upcoming Annual General Meeting scheduled for August 27, 2026. In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audio recording of the analyst conference call held on May 16, 2026, discussing the audited financial results for the quarter and financial year ended March 31, 2026, has been made available on the company's website.

Consolidated Financial Performance

For the fourth quarter ended March 31, 2026, the company reported a consolidated turnover of ₹6250.98 Crore against ₹6189.36 Crore in the corresponding quarter of the previous year. Net profit attributable to shareholders for Q4 was ₹206.02 Crore, compared to ₹253.82 Crore in the year-ago quarter. EBITDA for the quarter stood at ₹550.41 Crore, with an EBITDA margin of 8.84%, compared to 9.10% in the same period last year. Basic and Diluted EPS for Q4 FY2025-26 was ₹3.28, down from ₹4.04 in the same period last year.

Metric: Q4 FY2025-26 Q4 FY2024-25 FY2025-26 FY2024-25
Turnover (incl. other income): ₹6250.98 Crore ₹6189.36 Crore ₹20944.40 Crore ₹22354.91 Crore
EBITDA: ₹550.41 Crore ₹556.31 Crore ₹1836.08 Crore ₹1918.07 Crore
EBITDA Margin: 8.84% 9.10% — —
Net Profit (attributable to shareholders): ₹206.02 Crore ₹253.82 Crore ₹675.32 Crore ₹819.88 Crore
Basic & Diluted EPS (₹): ₹3.28 ₹4.04 ₹10.76 ₹13.06

Standalone Financial Performance

On a standalone basis, NCC Limited reported a turnover of ₹17669.28 Crore for FY2025-26, compared to ₹19392.79 Crore in the previous year. Net profit for the year stood at ₹576.76 Crore versus ₹759.44 Crore in the prior year. For the fourth quarter, standalone turnover was ₹5382.19 Crore, with a net profit of ₹202.88 Crore.

Metric: Q4 FY2025-26 Q4 FY2024-25 FY2025-26 FY2024-25
Turnover (incl. other income): ₹5382.19 Crore ₹5445.29 Crore ₹17669.28 Crore ₹19392.79 Crore
EBITDA: ₹448.76 Crore ₹495.08 Crore ₹1448.34 Crore ₹1744.42 Crore
Net Profit: ₹202.88 Crore ₹213.76 Crore ₹576.76 Crore ₹759.44 Crore
Basic & Diluted EPS (₹): ₹3.23 ₹3.40 ₹9.19 ₹12.10

Dividend and Order Book

The Board has fixed Friday, August 14, 2026, as the Record Date to determine shareholder eligibility for the proposed dividend of ₹2.20 per share. During the financial year, NCC Limited secured new orders worth ₹31884 Crore, including changes in scope. The company's order book as of March 31, 2026, stood at ₹83004 Crore on a consolidated basis and ₹72259 Crore on a standalone basis.

Leadership and Governance Changes

The Board approved several key leadership appointments effective May 2026. Sri A V N Raju was reappointed as Whole-time Director for a term of five years from May 30, 2026. Smt. Kauslya Bhupathi Raju was appointed as Director (Commercial) effective September 1, 2026, and Sri A Karthik was appointed as Company Secretary & Compliance Officer effective May 15, 2026. Additionally, Sri Rajender Mohan Malla was elected as the new Chairman of the Board effective May 24, 2026, succeeding Dr A S Durga Prasad, whose term concludes on May 23, 2026.

Historical Stock Returns for NCC

1 Day5 Days1 Month6 Months1 Year5 Years
-4.97%-10.20%-1.77%-17.07%-33.45%+92.80%

With NCC's order book at ₹83,004 Crore, what sectors and geographies are driving new order inflows, and can the company realistically convert this backlog into revenue growth in FY2026-27?

Given the declining EBITDA margins and a ~18% drop in net profit year-over-year, what cost optimization or operational efficiency measures is NCC's new leadership likely to prioritize to restore profitability?

How might the leadership transition to new Chairman Sri Rajender Mohan Malla and the appointment of Smt. Kauslya Bhupathi Raju as Director (Commercial) influence NCC's strategic direction and business development approach?

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1 Year Returns:-33.45%