Semac Construction Limited has responded to stock exchange queries regarding unusual price and volume movements in its shares, clarifying that the company has not withheld any material information that could impact stock performance.

Exchange Query Response

The company issued its clarification on March 25, 2026, in response to emails from both BSE Limited and National Stock Exchange of India Limited dated March 19, 2026. The exchanges had sought clarification on the spurt in volume and price of the company's scrip.

Company's Official Position

Semac Construction Limited stated that it has not withheld any material information or event required to be disclosed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company emphasized that no material information or event in their opinion would have a bearing on the price or volume behavior in the scrip.

The management clarified that the increase in price and volume of the company's shares is purely due to market conditions and is absolutely market-driven. They specifically stated that the management is in no way connected with any such increase or decrease in price or volume of the company's scrip.

Regulatory Compliance

The clarification was signed by Aakriti Gupta, Company Secretary and Compliance Officer, and submitted to both stock exchanges as part of the company's regulatory compliance obligations. This type of clarification is typically sought by exchanges when they observe unusual trading patterns in a stock to ensure transparency and protect investor interests.

The company's response indicates full compliance with disclosure norms and attributes the recent stock movements entirely to market forces rather than any undisclosed corporate developments.

Semac Construction Limited has reported robust financial performance for the third quarter of FY26, demonstrating significant growth across key operational metrics. The engineering, procurement, and construction services company announced its unaudited consolidated results for the quarter ended December 31, 2025, showing marked improvement over the previous year.

Strong Revenue Performance

The company's consolidated revenue performance showed substantial growth during the quarter under review:

For the nine-month period ended December 31, 2025, consolidated revenue from operations reached ₹16,783.23 lakhs compared to ₹9,954.75 lakhs in the corresponding period of the previous year, representing a growth of 68.62%.

Profitability Turnaround

The company achieved a remarkable turnaround in profitability metrics during Q3 FY26:

For the nine-month period, net profit after tax stood at ₹273.82 lakhs compared to a net loss of ₹657.24 lakhs in the previous year, indicating strong operational recovery.

Cost Management and Operational Efficiency

The company's expense management showed controlled growth relative to revenue expansion:

Corporate Developments

Several significant corporate actions took place during the reporting period:

• On June 26, 2025, the company acquired 50% equity shares from shareholders of its associate company Semac Construction Technologies India Private Limited, making it a wholly-owned subsidiary
• The Board approved a Scheme of Amalgamation on July 30, 2025, for merging Semac Construction Technologies India Private Limited with Semac Construction Limited
• The proposed merger scheme was filed with the National Company Law Tribunal (NCLT) Bench at Chennai on September 29, 2025, with approval still pending

Regulatory Compliance and Labour Code Impact

The company assessed the financial implications of the new Labour Codes notified by the Government of India on November 21, 2025. These codes consolidate twenty-nine existing labour laws into a unified framework. The assessment resulted in an increase in employee benefit liability by ₹6.06 lakhs, which has been presented in the employee benefits expenses for the quarter.

Board Approval and Audit Review

The unaudited financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on February 5, 2026. The meeting commenced at 9:30 AM and concluded at 3:00 PM. Suresh Surana & Associates LLP, the statutory auditors, reviewed the results and issued an unqualified review report.

The company operates in a single segment of Engineering, Procurement and Construction Services, with consolidated results including one wholly-owned subsidiary in India and one subsidiary incorporated outside India with 65% holding.