Prajay Engineers Syndicate Limited has submitted its annual report for FY26 to the stock exchanges. The filing includes the notice for the 32nd annual general meeting.

The company dispatched the documents pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. T Siva Kumar, Company Secretary and Compliance Officer, signed the submission on September 7, 2026.

Meeting Details

The board of directors approved the convening of the meeting in a session that commenced at 4:45 pm and concluded at 6:15 pm. The AGM is set for Tuesday at 5:30 pm at the company's registered office in Hyderabad. The session will be conducted via video conferencing or other audio-visual means.

Key resolutions and logistical details for the FY26 AGM include:

• Convening the 32nd AGM on September 29, 2026, at 5:30 pm.
• Closing the register of members from September 23 to September 29, 2026.
• 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.

The Annual Report and AGM notice are available electronically to registered members and on the company website.

Board Composition

The corporate filing disclosed the current board structure:

Mr. Ravi Kumar Kutikalapudi holds a Master of Technology degree in Civil Engineering with expertise in construction. As on March 31, 2023, his shareholding stood at 50,000 shares. He attended two board meetings during the year.

Corporate Information

• Registered Office: 1-10-63 & 64, 5th Floor, Prajay Corporate House, Chikoti Gardens, Begumpet, Hyderabad - 500016, Telangana.
• Statutory Auditors: M/s. Karumanchi & Associates, Chartered Accountants, Hyderabad.
• Internal Auditor: M. Shankar, B.com, MBA-Finance, Hyderabad.
• Bankers: Indian Overseas Bank, State Bank of India, The A.P Mahesh Co-operative Urban Bank Limited, HDFC Bank.
• Registrar: Venture Capital And Corporate Investments Private Limited, Hyderabad.

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.