SRM Contractors schedules Q4FY26 earnings call on May 27

SRM Contractors has scheduled an earnings conference call to discuss the operational and financial performance of the company for the quarter and year ended March 31, 2026. The meeting is set to take place on Wednesday, May 27, 2026, at 2:00 PM IST, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The conference call is being hosted by PhillipCapital (India) Private Limited. Key management personnel, including Chairman Mr. Sanjay Mehta and Managing Director Mr. Puneet Pal Singh, will lead the discussion. Mr. Rutu Chavan will serve as the call leader.

Call Details

Detail	Information
Date	May 27, 2026
Time	2:00 PM IST
Host	PhillipCapital (India) Private Limited
Speakers	Mr. Sanjay Mehta (Chairman), Mr. Puneet Pal Singh (MD)

Participants can pre-register to avoid wait time. Primary dial-in numbers include +91 22 6280 1143 and +91 22 7115 8044. Toll-free numbers are available for the USA, UK, Singapore, and Hong Kong. The proceedings of the call will be recorded, and participant details will be shared with the corporate.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.09%	+10.62%	+3.12%	-11.84%	+38.04%	+135.13%

SRM Contractors Limited has successfully utilized the entire proceeds of its Initial Public Offer (IPO), aggregating to Rs. 130.20 crore, as of March 31, 2026. The Monitoring Agency Report submitted by CARE Ratings Limited confirms that the deployment of funds aligns with the objects specified in the offer document, marking the conclusion of the monitoring period for the IPO proceeds.

The company had raised capital through an IPO conducted between March 26, 2024, and March 28, 2024. The funds were originally allocated across various heads, including capital expenditure for equipment, working capital requirements, repayment of borrowings, and general corporate purposes. Following shareholder approval obtained during the Annual General Meeting on September 29, 2025, the company revised the cost of objects and reallocated a portion of the proceeds from capital expenditure to investments in joint ventures, associates, and subsidiaries.

Utilization of Proceeds

During the quarter ended March 31, 2026 (Q4FY26), the company utilized the remaining balance of funds. A significant portion of the general corporate purpose allocation was directed towards an investment in a Joint Venture project known as the SRM Rajinder Project, based on a board resolution passed on March 2, 2026. The final deployment ensured that the total unutilized amount stood at zero by the end of the quarter.

The following table details the utilization of the IPO proceeds across various object heads:

Item Head	Original Cost (Rs. Crore)	Revised Cost (Rs. Crore)	Amount Utilised (Rs. Crore)
Issue related expenses	6.82	6.82	6.82
Capital expenditure for equipment	31.50	18.49	18.49
Repayment of secured borrowings	10.00	10.00	10.00
Working Capital requirement	46.00	46.00	46.00
Investments in JVs/Associates/Subsidiaries	12.00	25.01	25.01
General corporate purposes	23.88	23.88	23.88
Total	130.20	130.20	130.20

Implementation Status

The Monitoring Agency reported that there were no major deviations from the objects of the issue, nor were there any unfavorable events affecting the viability of the projects. All statutory approvals required for the objects were either obtained or deemed not necessary. The implementation of the objects, such as the purchase of machinery and funding working capital, was completed within the stipulated timelines, with some activities finishing ahead of schedule in earlier quarters.

The Audit Committee of SRM Contractors Limited reviewed the Monitoring Agency Report at its meeting held on May 14, 2026. The company has confirmed that the report is available on its official website.