Purohit Construction Board Greenlights Joint Venture LLP PEB PCL Infracon with 51% Stake

Purohit Construction Limited has approved the incorporation of a new subsidiary to expand its business operations in the pre-engineered buildings and infrastructure sectors. The Board of Directors sanctioned the formation of PEB PCL INFRACON LLP during a meeting held on June 23, 2026. The company will hold a 51% stake in the new joint venture entity, which is intended to undertake construction, fabrication, and engineering activities.

The company will contribute ₹51,000, representing 51% of the total capital contribution, and will be entitled to 51% of the profits and losses. Purohit Construction will participate in the LLP through its nominee, Mr. Saumil Narendrabhai Purohit (DIN: 01861110). The transaction is proposed to be undertaken at arm's length, though the LLP may become a related party upon incorporation.

Business Objectives

The newly formed LLP will focus on the business of construction, installation, commissioning, fabrication, and erection of pre-engineered building steel structures. Its scope includes industrial projects, sheds, warehouses, and allied infrastructure. The entity will also engage in turnkey projects, site development, structural engineering works, and civil works, along with maintenance, repair, and modification services.

Regulatory and Financial Details

The incorporation is subject to regulatory approvals and registration by the Ministry of Corporate Affairs (MCA). The required compliances will be governed by the LLP Act, 2008. The company stated that the indicative time period for completion is dependent on these approvals.

Key details of the proposed joint venture are outlined below:

Particulars:	Details
Name of LLP:	PEB PCL INFRACON LLP
Capital Contribution:	₹51,000 (51%)
Share in Profits/Losses:	51%
Nominee Partner:	Mr. Saumil Narendrabhai Purohit
Industry:	Pre-Engineered Buildings (PEB), Infrastructure, Construction

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.97%	+9.86%	-9.45%	-10.25%	-28.14%	+93.68%

Purohit Construction Limited has reported a net loss for the quarter ended June 30, 2025, and announced the appointment of new statutory auditors. The company's Board of Directors approved the unaudited standalone financial results at their meeting held on August 14, 2025.

Financial Performance

Purohit Construction reported a net loss of Rs. 9.98 lakhs for the quarter ended June 30, 2025, compared to a profit of Rs. 1.92 lakhs in the previous quarter. The company's revenue from operations remained flat at Rs. 12.00 lakhs.

Key financial highlights for Q1 FY2025-26:

Particulars (in Rs. lakhs)	Q1 FY2025-26	Q4 FY2024-25	Change
Revenue from Operations	12.00	12.00	0.00%
Total Income	12.03	12.03	0.00%
Total Expenses	9.81	10.47	-6.30%
Net Profit/(Loss)	-9.98	1.92	N/A
EPS (Basic & Diluted)	-0.23	0.04	N/A

The company's total expenses decreased to Rs. 9.81 lakhs from Rs. 10.47 lakhs in the previous quarter. However, this reduction in expenses was not sufficient to offset the impact on the bottom line.

Appointment of New Auditors

In a significant development, Purohit Construction's Board of Directors has appointed M/s. B N P S AND ASSOCIATES LLP, Chartered Accountants (Firm Registration No. 008127S/S200013) as the new Statutory Auditors of the company. This appointment comes following the resignation of the previous auditors, M/s. NARESH J PATEL & CO., Chartered Accountants.

The new auditors will fill the casual vacancy arising from the resignation of the existing Statutory Auditors. Their appointment is effective from August 14, 2025, and they will hold office until the conclusion of the 34th Annual General Meeting (AGM) of the company.

About the New Auditors

M/s. B N P S AND ASSOCIATES LLP is a chartered accountancy firm established in 1998 and registered with the Institute of Chartered Accountants of India. The firm has its head office in Raichur, Karnataka, with branches in Ahmedabad and Rajkot, Gujarat. They possess a valid peer review certificate and primarily engage in providing audit and assurance services to clients.

Other Key Points

The company's cash and cash equivalents stood at Rs. 1.00 lakh as of June 30, 2025, compared to Rs. 5.01 lakhs at the end of the previous quarter.
Purohit Construction's total assets were reported at Rs. 207.87 lakhs, with total equity of Rs. 164.49 lakhs.
The company operates primarily in the real estate development sector and does not report segment-wise information as it operates in a single business geography.

The financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules 2015 and have undergone a limited review by the statutory auditors as required by SEBI regulations.

Investors and stakeholders can access the detailed financial results on the company's website and the BSE website.