Technocrats Plasma Systems has fixed September 22, 2026, as the record date for shareholders eligible to vote at its 32nd annual general meeting. The AGM is scheduled for September 28, 2026.

The company issued a compliance intimation to BSE Limited on September 8, 2026, confirming the dates pursuant to Section 91 of the Companies Act, 2013, and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Register of Members and Share Transfer Books will remain closed from Tuesday, September 22, 2026, to Monday, September 28, 2026, both days inclusive.

Voting and Logistics

The cut-off date for determining eligibility for remote e-voting is set for Monday, September 21, 2026. This applies to shareholders holding shares in either physical or dematerialised form. E-voting will be conducted from September 25 to September 27, 2026.

The meeting will be held through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The board previously approved the draft notice and related party transactions in a session held on September 5, 2026.

Agenda Items

Key agenda items for the AGM include:

• Adoption of audited financial statements for FY26
• Reappointment of Mrs. Apeksha Sharma (DIN: 09061582) as a director retiring by rotation
• Appointment of KPJS & Associates as secretarial auditor for five years (FY27-FY31)
• Approval of lease for factory premises at Vasai
• Compliance action regarding a show cause notice under Section 12(8) of the Companies Act, 2013

Technocrats Plasma Systems reported a 128% year-on-year increase in net profit to ₹149.36 crore for the financial year ended March 31, 2026 (FY26). Revenue from operations surged 166% to ₹1,313.09 crore, reflecting significant operational expansion during the period.

The company, formerly known as Technocrats Plasma Systems Private Limited, completed its conversion to a public limited company in October 2025. It subsequently conducted an initial public offering (IPO) in August 2026, raising ₹609.84 crore by issuing 46.2 lakh equity shares at ₹132 per share.

Financial Performance

Revenue growth was supported by higher manufacturing activity and service revenues. The company recorded manufacturing activity revenue of ₹806.88 crore and service and other revenue of ₹506.21 crore. Cost of materials consumed rose to ₹1,126.93 crore from ₹444.08 crore in the previous year, aligning with the scale-up in operations.

The net profit margin stood at 11.37%, down from 13.24% in FY25. The decline in margin is attributed to increased operating costs and input prices associated with the expanded scale of operations. Other income remained relatively flat at ₹9.76 lakh compared to ₹8.49 lakh in the prior year.

What the Numbers Show

A significant portion of the company's cost structure is tied to integrated turnkey contracts. Note 24A reveals that manpower and service costs constituted ₹1,013.01 crore, or approximately 90% of the total cost of materials consumed. This indicates that the business model relies heavily on labor-intensive execution and technical services rather than pure material trading, which can impact margin sensitivity to wage inflation and project complexity.

Balance Sheet and Capital Structure

The debt-equity ratio improved significantly to 0.38 from 0.95 in the previous year. This deleveraging was driven by the accretion of profits to reserves and the capital raised through the IPO and preferential allotments. Total shareholder funds increased to ₹390.06 crore from ₹108.30 crore.

Short-term borrowings rose to ₹67.59 crore from ₹14.92 crore, primarily due to increased working capital requirements for inventory and trade receivables. Inventories grew to ₹331.83 crore, while trade receivables stood at ₹209.75 crore. The current ratio improved to 2.80 from 2.14, indicating stronger short-term liquidity.

Corporate Developments

During FY26, the company undertook several corporate actions. It subdivided its equity shares from a face value of ₹100 to ₹10 each. A bonus issue of 1.10 crore shares was also executed. The Board did not recommend any dividend for the financial year.

The company appointed KPJS & Associates as its Secretarial Auditor for five years starting FY27. Related party transactions for FY27 have been approved up to an aggregate limit of ₹100 crore, covering sales, purchases, leasing, and services.