Oval Projects Engineering has fixed Tuesday, September 22, 2026, as the record date to determine shareholder entitlement for the final dividend for FY26. The company will hold its 13th annual general meeting (AGM) on September 29, 2026.

The board previously convened on September 3, 2026, to consider dividend recommendations and approve the draft notice for the meeting. In line with SEBI regulations, the trading window for designated persons and their immediate relatives remained closed until 48 hours after the board meeting concluded. The company published the notice for the 13th AGM in "North East Colors" and "Syandan Patrika" newspapers on September 8, 2026.

Meeting Details

The 13th AGM is scheduled to take place on Tuesday, September 29, 2026, at 3:00 pm IST. The event will be conducted via video conferencing or other audio-visual means. Members attending through video conferencing will be counted for the purpose of quorum under Section 103 of the Companies Act, 2013.

Remote e-voting will commence at 9:00 am IST on Saturday, September 26, 2026, and end at 5:00 pm IST on Monday, September 28, 2026. Shareholders holding shares as on the cut-off date of September 22, 2026, are eligible to vote.

Agenda and Compliance

The board meeting agenda included consideration of the proposed dividend recommendation and approval of the draft notice for the AGM. The Notice of the AGM along with the Integrated Annual Report 2025-26 will be sent electronically to members with registered email addresses. For members without registered email addresses, a letter containing the weblink and QR code will be sent. This information is also available on the company website.

Dividend and Record Date

Pursuant to the Finance Act, 2020, dividend income is taxable in the hands of shareholders with effect from April 1, 2020. The final dividend will be paid after deduction of tax at source (TDS) in accordance with the Income-tax Act, 1961. Payment will be made only through electronic mode as per SEBI mandates.

Members holding shares in dematerialized form are advised to update their bank account details with their respective Depository Participants. Physical shareholders should submit bank particulars to the RTA, M/s Mas Services Limited.

Oval Projects Engineering Limited has secured new project acquisitions worth ₹27.34 crore during the first five months of FY27, spanning April to August 2026. The infrastructure services provider also reported the successful completion of multiple assignments across its pipeline, gas infrastructure, and civil development portfolios.

The company, which specializes in serving India's Oil & Gas sector with upstream gas gathering systems, cross-country pipelines, and City Gas Distribution (CGD) networks, emphasized disciplined execution and cash-flow management in its business update.

New Order Inflow

The ₹27.34 crore in new contracts were acquired from diverse clients, including state governments and major energy sector entities. The breakdown of these acquisitions is detailed below:

Execution Milestones

Alongside new bookings, Oval Projects Engineering completed several technically challenging projects during this period. Key completions include:

• IGGL Pipeline Project: Completed 730 metres of Horizontal Directional Drilling (HDD) across the Barak River, demonstrating capability in complex pipeline crossings.
• Assam Gas Company Limited (AGCL): Successfully completed station works.
• Agartala Smart City Limited (ASCL): Completed beautification of MG Bazar Pond.
• Indian Oil Corporation Limited (IOCL): Completed pipeline laying at Koderma under a CGD project.

What the Numbers Show

The order book composition reveals a strategic diversification beyond core Oil & Gas mandates. While the company maintains its primary focus on energy infrastructure, evidenced by the ₹7.10 crore IGGL contract, nearly half of the new inflow (₹20.24 crore) came from government civil infrastructure projects (Tripura PWD and CPWD). This mix suggests an active pursuit of repeat business opportunities in public sector development, leveraging the company's stated 70% repeat order rate across its 10+ states of operation.

Management Outlook

Goutam Debnath, Chairman and Managing Director, stated that the first five months of FY27 were marked by strong execution and portfolio expansion. He noted that the achievements reflect customer confidence in the company's ability to undertake diverse infrastructure projects.

"Going forward, we remain focused on disciplined execution, timely project completion and selectively pursuing opportunities aligned with our capabilities, while maintaining a strong focus on cash-flow discipline and sustainable growth," Debnath said.

Oval Projects Engineering has established a track record of over 100 completed projects and more than 600 km of pipeline infrastructure over the past decade.