Technocraft industries (India) Limited has fulfilled its regulatory obligations by submitting a confirmation certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission was made to both the National Stock Exchange of India Limited and BSE Limited on April 6, 2026.

Regulatory Compliance Certificate

The certificate was issued by MUFG Intime India Private Limited (formerly Link Intime India Private Limited), which serves as the company's Registrar and Transfer Agent (RTA). The document, dated April 4, 2026, confirms the company's compliance with SEBI regulations regarding dematerialisation processes.

Certificate Details

The RTA confirmed that securities received from depository participants for dematerialisation during the quarter were properly processed according to regulatory requirements. The certificate states that any securities comprised in certificates have been listed on stock exchanges where the company's previously issued securities are already listed.

MUFG Intime India Private Limited also confirmed that security certificates received for dematerialisation were appropriately verified, mutilated, and cancelled after due verification by the depository participant. The depositories' names were substituted in the register of members as registered owners within prescribed timelines.

Quarter Activity Summary

A notable aspect of this quarter's compliance certificate is that no dematerialisation requests were received from shareholders during the quarter ended March 31, 2026. The RTA specifically noted this in the certificate, stating that the document was issued at the company's request for compliance purposes.

Corporate Communication

The submission was signed by Neeraj Rai, Company Secretary of Technocraft Industries (India) Limited, and addressed to both major stock exchanges. The certificate from MUFG Intime India Private Limited was signed by Ashok Shetty, Sr. Vice President-Corporate Registry.

This regulatory filing demonstrates the company's commitment to maintaining compliance with SEBI regulations and ensuring transparent communication with stock exchanges and regulatory authorities.

Technocraft Industries (India) Limited has released the complete transcript of its Q3FY26 earnings conference call held on February 12, 2026. The call, hosted by Batlivala & Karani Securities, featured detailed discussions on the company's financial performance for the quarter ended December 31, 2025, with management providing insights on business recovery and future outlook.

Management Participation and Key Highlights

The earnings call was led by key management personnel including Mr. Navneet Kumar Saraf (Director and CEO), Mr. Ashish Kumar Saraf (Director and CFO), and Mr. Anil Gadodia (Group CFO). The management addressed investor queries on various business segments and provided guidance on recovery prospects.

Scaffolding Business Recovery and Trade Deal Impact

Management highlighted significant developments in the scaffolding segment, noting a recovery in US demand from November 2025 onwards after experiencing a slowdown from July to November. CEO Navneet Saraf explained that sales volumes during the weak period averaged around 50% of 2024 levels, but December sales returned to original levels with strong momentum continuing into 2026.

Regarding the recent trade deal, management clarified the tariff structure impact. The company currently pays 50% tariffs on steel content under Section 232, with reciprocal tariffs on non-steel content reduced from 50% to 25%, expected to further decrease to 18% upon official notification.

Formwork Business and Capacity Expansion

The management discussed the formwork (Mach One) business performance, reporting quarterly sales of ₹200 crores for the December period and ₹550 crores for the nine-month period. Current monthly capacity stands at 75,000 square meters, with plans to expand to 100,000 square meters by June 2026.

Management emphasized a strategic focus on margin protection over volume growth, citing increased competition in the Indian aluminium formwork market. The order book remains stable at 350,000 to 400,000 square meters, representing approximately six months of forward coverage.

Financial Position and Debt Structure

CFO Anil Gadodia provided detailed financial metrics during the call. The company maintains cash and cash equivalents of ₹405 crores against working capital requirements of ₹390 crores on a standalone basis. Total consolidated gross debt across all subsidiaries amounts to ₹600 crores.

Segment Outlook and Margin Guidance

Management provided optimistic guidance for the scaffolding segment, targeting 15% margins for FY27, contingent on stable geopolitical conditions and sustained US demand. The engineering services segment is expected to maintain steady growth with 15% margins, while the textile division shows improvement with two of three divisions achieving positive EBITDA.

For the overall scaffolding and formwork segment, management projects full-year revenue of ₹1,400 crores, with formwork contributing approximately ₹900 crores. The company expects the March quarter to show improved profitability compared to the December quarter, driven by volume recovery in scaffolding sales.