Shantidoot Infra Services Limited adopted its audited financial statements for FY26, reporting ₹45.02 crore in revenue from operations and ₹1.43 crore in profit after tax. The company also reappointed Dr. Avijeet Kumar as Managing Director for a further term of five years during its 7th Annual General Meeting held on September 29, 2026.

The meeting, conducted via video conferencing, saw members approve the appointment of Mr. Brajesh Vyas as a Non-Executive, Non-Independent Director. All resolutions were passed through e-voting facilities provided by Bigshare Services Private Limited, with the scrutinizer’s report to be declared within prescribed timelines.

Financial performance highlights

The company disclosed key financial metrics for the fiscal year ended March 31, 2026, indicating steady operational activity despite modest profitability margins.

Governance updates

The AGM addressed several critical governance matters alongside the adoption of financials:

• Reappointment of MD: A special resolution was passed to reappoint Dr. Avijeet Kumar (DIN: 05168425) as Managing Director for an additional five-year term.
• Director Regularisation: An ordinary resolution regularised the appointment of Mr. Brajesh Vyas (DIN: 08385624) as a Non-Executive, Non-Independent Director.
• Retirement by Rotation: Mr. Avijeet Kumar was appointed in place of himself, having retired by rotation and offered himself for reappointment under standard corporate governance norms.

What the numbers show

The disclosed figures reveal a significant divergence between top-line scale and bottom-line efficiency. With revenue at ₹45.02 crore and EBITDA at ₹1.97 crore, the operating margin stands at approximately 4.4%. The subsequent drop to a PAT of ₹1.43 crore suggests that interest costs, depreciation, or tax provisions consumed roughly 27% of the operating profit. This structure indicates a capital-intensive or debt-sensitive model where operational leverage remains thin relative to revenue volume.

Shantidoot Infra Services reported a 49% year-on-year increase in revenue for FY26, reaching ₹4,501.8 lakh. Despite the top-line growth, net profit after tax fell 73% to ₹143.55 lakh as rising project and operational expenses outpaced income growth.

The company held its Board of Directors meeting on September 4, 2026, approving the convening of its 7th Annual General Meeting (AGM) on September 29, 2026. The board also accepted the resignation of Non-Executive Director Mr. Navin Kumar, effective August 31, 2025, citing personal reasons.

Financial Performance

Revenue from operations rose from ₹3,018.89 lakh in FY25 to ₹4,501.81 lakh in FY26. This growth was driven by higher execution of construction contract work, which increased by approximately 49% to ₹4,493.16 lakh. EBITDA stood at ₹1.97 crore with a margin of 9.1%.

However, total expenses surged 86% to ₹4,306.42 lakh from ₹2,309.91 lakh in the previous year. Key cost drivers included:

• Cost of materials consumed rose 97% to ₹4,020.69 lakh.
• Changes in inventories increased significantly to ₹494.64 lakh, reflecting work-in-progress movements.
• Depreciation and amortization jumped to ₹208.44 lakh from ₹19.68 lakh.

The decline in profitability was primarily attributable to increased project-related expenditures for ongoing developments, including the Gautam Medical College & Hospital in Ranchi Smart City. Reserves increased to ₹1,044.84 lakh as of March 31, 2026, from ₹901.29 lakh in the prior year.

Board and Committee Changes

Following Mr. Kumar’s exit, the board reconstituted key committees effective September 4, 2026:

• Audit Committee: Chairman Mamta Sinha (Independent); Members Uday Goswami (Independent) and Brajesh Vyas (Non-Executive).
• Nomination and Compensation Committee: Same composition as the Audit Committee.
• Stakeholder's Relationship Committee: Chairman Brajesh Vyas; Members Uday Goswami and Mamta Sinha.

Mr. Brajesh Vyas was appointed as an Additional Non-Executive Director, subject to shareholder approval at the AGM. Mr. Tirpunari Lal’s designation changed from Executive Director to Non-Executive Director.

Leadership Re-appointment

The board recommended the re-appointment of Mr. Avijeet Kumar as Managing Director for a five-year term from March 24, 2027, to March 24, 2032. This requires shareholder approval via a Special Resolution at the AGM. Mr. Kumar brings over 30 years of experience in civil works and strategic management.

Compliance and Audits

The board approved the Audited Financial Statements for FY25-26 and appointed S. Sinha & Associates as Secretarial Auditor for FY26-27. Other approvals included the appointment of Arvind Arpan & Associates as Internal Auditor and the adoption of the Remuneration Policy for Non-Executive Directors.

What the Numbers Show

While revenue growth demonstrates successful project execution scaling, the disproportionate rise in expenses—particularly material costs and inventory changes—indicates that current projects are in capital-intensive phases. The sharp decline in net profit margins highlights the pressure on profitability during active construction cycles before revenue recognition fully catches up with incurred costs.