Om Infra Limited shareholders approved the appointment of M/s. Khandelwal Badaya & Co. as statutory auditors for a five-year term at its 54th Annual General Meeting (AGM) held on September 12, 2026.

The appointment, effective from the conclusion of the AGM, covers the period until the end of the 59th AGM. This regular term follows the firm's earlier appointment by the Board to fill a casual vacancy.

Meeting Proceedings

The meeting commenced at 12:30 pm and concluded at 11:22 am on September 12, 2026. Dharam Prakash Kothari, Chairman, presided over the proceedings. Vikas Kothari, Managing Director & CEO, presented a report on the company's operations and strategy.

Remote e-voting was available from 9:00 am on September 8, 2026, to 5:00 pm on September 11, 2026. An additional 15-minute e-voting window remained open after the meeting concluded for members who had not voted remotely.

Auditor Details

M/s. Khandelwal Badaya & Co., Chartered Accountants (FRN: 016506C), is a peer-reviewed firm with a valid Peer Review Certificate until April 30, 2027. The firm holds extensive experience in statutory audits, taxation, and corporate advisory across various industry segments.

Key Resolutions

Shareholders approved several ordinary and special business items. The key resolutions included:

• Adoption of audited financial statements
• Declaration of dividend
• Appointment of Dharam Prakash Kothari as a director liable to retire by rotation
• Approval of statutory auditor appointments to fill casual vacancies and for a five-year term
• Ratification of cost auditor remuneration
• Approval of related party transactions

Attendees

Key personnel present at the meeting included:

Abhishek Goswami served as the scrutinizer for the remote e-voting process. The voting results will be disseminated to stock exchanges and uploaded on the company website.

Om Infra Limited reported a consolidated net profit of ₹12 crore for the first quarter of FY27, reversing a net loss of ₹1 crore in the same period last year. The infrastructure firm’s revenue grew 19% year-on-year to ₹124 crore, supported by improved operational execution and easing payment cycles in key states.

The company also announced significant order pipeline developments, securing the lowest bidder (L1) status for two major EPC water infrastructure projects valued at over ₹1,051 crore combined. These include the Andheri Medium Irrigation Project in Rajasthan and the Mohmela Sirpur Barrage Project in Chhattisgarh.

Financial Performance

Consolidated revenue reached ₹124 crore in Q1FY27, up from ₹104 crore in Q1FY26. EBITDA turned positive at ₹10 crore (8% margin), compared to an EBITDA loss of ₹7 crore (-1% margin) in the prior year quarter. Profit before tax (PBT) stood at ₹8 crore, versus a loss of ₹1.4 crore previously.

Standalone results mirrored this improvement, with net profit rising to ₹12 crore from ₹1 crore in Q1FY26. Standalone revenue increased 21% to ₹121 crore, with EBITDA margins expanding to 9% from 1%.

What the Numbers Show

The profitability recovery was driven by operational efficiency rather than one-off gains. Total expenses grew only 9% (₹114 crore) against a 19% revenue increase, indicating effective cost control. Additionally, finance costs declined 10% to ₹4 crore, reducing drag on bottom-line growth. Other income fell 40% to ₹3 crore, confirming that the profit turnaround stems primarily from core operational improvements and margin expansion.

Order Book and Strategic Wins

As of June 30, 2026, Om Infra’s outstanding order book stood at ₹2,014.91 crore. The Jal Jeevan Mission (JJM) segment dominates with ₹1,346 crore (67% of the book), while Hydro & Water projects account for ₹668 crore.

Key strategic updates include:

• L1 Status: Secured for Andheri Medium Irrigation Project (₹482.27 crore) and Mohmela Sirpur Barrage Project (₹568.98 crore).
• Credit Rating Upgrade: Infometrics upgraded bank loan facilities to IVR BBB-/Stable (long-term) and IVR A3 (short-term), improving upon previous CARE ratings.
• Order Target: Management targets an overall order inflow of ₹1,500 crore for FY27.

Operational Highlights

The company initiated water storage at the Isarda Dam on July 30, 2025, marking a key milestone for the ₹615.17 crore project. This phase-one capacity of 3.24 TMC is expected to benefit over 3 crore people across 13 districts in Rajasthan.

Om Infra highlighted easing payment situations due to fund allocation revivals in Uttar Pradesh and Rajasthan, totaling ₹27,000 crore. The company noted that pending payment issues related to Jal Jeevan Mission projects are progressively being resolved.

Outlook

For FY27, Om Infra has provided revenue guidance of ₹700–750 crore and an EBITDA margin target of 7–8%. The company expects continued tailwinds from the government’s ₹84,000+ crore water sector outlay and the suspension of the Indus Water Treaty, which may accelerate hydroelectric project development in bordering regions.