Prajay Engineers Syndicate Limited board of directors approved the convening of its 32nd annual general meeting on September 5, 2026. The session will be held via video conferencing on September 29, 2026.

The board also approved the appointment of M/s G P Reddy & Associates as secretarial auditors for five consecutive financial years up to FY30. Remuneration terms are subject to member approval at the upcoming AGM.

Meeting Details

The board meeting commenced at 4:45 pm and concluded at 6:15 pm. Key resolutions included:

• Convening the 32nd AGM for FY26 on September 29, 2026, at 5:30 pm IST.
• Closing the register of members from September 23 to September 29, 2026.
• Appointing secretarial auditors for a period ending in FY30.

Director Profile

The filing included a brief profile of director Mr. Ravi Kumar Kutikalapudi. He was originally appointed to the board on February 1, 2009. His expertise lies in construction and progressive building practices. He holds a Master of Technology degree in Civil Engineering.

As on March 31, 2023, his shareholding stood at 50,000 shares. He attended two board meetings during the year and does not hold directorships in other companies.

Prajay Engineers Syndicate reported a narrowed net loss for the first quarter of FY27, with standalone losses reducing to ₹237.90 lakh after tax, compared to ₹230.27 lakh in the same period of FY26. Consolidated net loss stood at ₹257.00 lakh, down from ₹319.88 lakh year-on-year. The improvement in bottom-line figures occurred despite significant contractions in top-line revenue across both standalone and consolidated segments.

The company’s Board of Directors approved the unaudited financial results on August 14, 2026. The results have been reviewed by the Audit Committee and subjected to limited review by the statutory auditors as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

Standalone income from operations declined sharply to ₹623.09 lakh in Q1FY27, a drop of 42.6% from ₹1,085.86 lakh in Q1FY25. On a quarterly basis, revenue also fell from ₹814.10 lakh in Q4FY26. Consolidated revenue experienced a steeper decline, falling 64.5% YoY to ₹653.96 lakh from ₹1,842.54 lakh in the prior year period.

What the Numbers Show

The divergence between revenue contraction and loss reduction highlights a shift in cost dynamics or operational leverage during the quarter. While standalone revenue fell by nearly 43%, the pre-tax loss widened only marginally by 6.1% compared to the previous year. Conversely, the consolidated segment saw a 64.5% plunge in revenue yet managed to reduce its pre-tax loss by 19.3%. This suggests that fixed costs may have been better absorbed relative to the lower revenue base, or that specific high-cost items present in the prior year were absent in Q1FY27. The consistent narrowing of losses despite severe revenue degrowth indicates potential stabilization in operating expenses, though the absolute scale of operations has contracted significantly.

Paid-up equity share capital remained unchanged at ₹6,993.58 lakh. Earnings per share (basic and diluted) were negative ₹0.34 for standalone operations and negative ₹0.37 for consolidated operations, reflecting the continued loss-making status for the period.