Shailesh Uttam Telge, an immediate relative of a promoter at Telge Projects , purchased 20,400 equity shares of the company for ₹37,30,716 in the open market on July 21, 2026. This acquisition increases his total shareholding to 85,200 shares, raising his stake from 0.66% to 0.87% of the company’s total equity. The transaction was disclosed to the company on July 23, 2026, and subsequently reported to BSE Limited in compliance with SEBI regulations.

The disclosure was filed under Regulation 7(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. Namrata Vijay Bang, Company Secretary and Compliance Officer of Telge Projects Limited, submitted the details to the Listing Manager at BSE Limited on July 24, 2026. The filing confirms that the shares were acquired through market transactions and not via block deals or preferential allotments.

Transaction Details

Regulatory Compliance

The transaction adheres to the continual disclosure requirements mandated by Regulation 6(2) read with Regulation 7(2) of the SEBI PIT Regulations, 2015. Mr. Telge provided the disclosure in Form C to the company’s compliance officer on July 23, 2026, two days after the trade execution. The company then forwarded the information to the stock exchange within the stipulated timeline.

No derivatives trading was reported in conjunction with this equity purchase. The value of the transaction excludes taxes, brokerage, and other charges as per standard reporting norms. This move by a promoter relative is often viewed as a signal of confidence in the company’s future prospects, although no specific commentary was provided regarding the rationale for the purchase.

Telge Projects reported a 48% year-on-year increase in standalone net profit to ₹118.33 lakh for the quarter ended June 30, 2026, driven by higher execution of projects and expanded business operations. On a consolidated basis, the company posted a net profit of ₹282.63 lakh for the same period. The board approved the unaudited financial results and appointed Ms. Namrata Bang as Company Secretary and Compliance Officer during its meeting on July 16, 2026.

Financial Performance

The standalone revenue from operations for Q1FY26 stood at ₹739.82 lakh, up from ₹483.43 lakh in the corresponding quarter of the previous year. Total income increased to ₹769.11 lakh. Expenses for the quarter totaled ₹610.98 lakh, with employee benefit expenses accounting for ₹375.56 lakh. The profit before tax for the standalone entity was ₹158.13 lakh.

On a consolidated level, revenue from operations surged to ₹1705.10 lakh from ₹849.35 lakh in Q1FY25. Total consolidated income reached ₹1734.39 lakh. Total expenses were reported at ₹1345.07 lakh. The profit before tax for the group was ₹389.32 lakh, resulting in a net profit of ₹282.63 lakh after accounting for minority interest.

Operational Highlights

The company attributed the revenue growth to increased project execution and strengthened delivery capabilities. Telge Projects operates in a single business segment, Structural Engineering Services. The financial statements were prepared in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Financial Metrics

The following table details the standalone and consolidated financial performance for the quarter ended June 30, 2026:

Board Appointments

On the recommendation of the Nomination and Remuneration Committee, the board appointed Ms. Namrata Bang as Company Secretary and Compliance Officer effective July 16, 2026. Ms. Bang is a qualified Company Secretary with prior experience at KPN & Associates, specializing in corporate laws and secretarial compliances.

IPO Fund Utilisation

The company, which listed on the SME Platform of BSE Limited, had raised net proceeds of ₹2446.29 lakh via its Initial Public Offer. As of June 30, 2026, the company utilised ₹781.17 lakh of the proceeds, leaving a balance of ₹1665.12 lakh. Funds were utilised for capital expenditure, hiring manpower, and general corporate purposes.