Vision Infra Equipment Solutions Limited reported a 37% year-on-year revenue increase in FY26, with profit after tax (PAT) witnessing robust growth. The company achieved this performance during a virtual group meeting held on June 20, 2026, with Hem Securities-Samruddhi Season 3. Management highlighted that the growth was driven by increasing infrastructure spending across roads, airports, railways, metros, and industrial projects.

The company operates one of India's largest specialized fleets, serving leading EPC contractors and government projects. Its business model spans time-based equipment rental, output-based rental, refurbishment, trading, and end-to-end infrastructure solutions. Management emphasized that the dual-engine rental and refurbishment model generates recurring cash flows while maximizing equipment lifecycle value.

Operational Highlights

Vision Infra expanded its fleet size to approximately 545 equipment units. Fleet utilization remained above 90%, significantly supporting profitability. The company possesses one of India's largest fleets in specialized equipment such as milling machines, mobile crushers, asphalt pavers, PQC pavers, and soil stabilizers. Operations are supported by an experienced technical workforce and integrated ERP & IoT-based fleet monitoring systems.

Revenue Mix and Strategy

Rental and refurbishment businesses contribute nearly equally to revenue. Within rentals, the company is gradually increasing the share of output-based projects, which generally offer superior profitability and operating leverage. Growth initiatives include expansion into mining equipment rentals, greater participation in airport and elevated infrastructure projects, and a focus on PQC roads and concrete road construction.

Capex and Funding

Future capital expenditure will primarily focus on expanding specialized equipment categories. Equipment procurement continues to be largely debt funded, with management indicating an approximate financing structure of 85% debt and 15% equity or internal contribution. The company reiterated its long-term objective of doubling revenue over the next three years through fleet expansion and operational efficiencies.

Vision Infra Equipment Solutions Limited has filed its annual promoter shareholding disclosure with the National Stock Exchange of India Ltd. under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, for the financial year ended 31st March, 2026. The disclosure was submitted on 6th April, 2026, and was signed by Dipali Rakesh Shah, Company Secretary and Compliance Officer, with the annual declaration filed by Sachin Vinod Gandhi, Promoter and Managing Director.

No Encumbrances on Promoter Holdings

Sachin Vinod Gandhi, acting on behalf of all promoters, promoter group members, and persons acting in concert, confirmed that no encumbrances were created on shares held directly or indirectly during the financial year ended 31st March, 2026. This declaration is in compliance with the annual disclosure requirements prescribed under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011.

Promoter and Promoter Group Shareholding Details

The disclosure provides a comprehensive breakdown of shares held by promoters and promoter group members. The following table presents the complete shareholding details as declared:

Key Shareholding Highlights

Among the 38 entities listed in the disclosure, active shareholding is concentrated in seven members of the promoter and promoter group. The key highlights are as follows:

• Sachin Vinod Gandhi (Promoter): 57,19,400 shares
• Chetan Vinod Gandhi (Promoter): 57,12,200 shares
• Sameer Sanjay Gandhi (Promoter): 57,09,000 shares
• Chetna Sachine Gandhi, Pranjali Chetan Gandhi, Sanjay Sobhachand Gandhi, and Vinod Sobhachand Gandhi (Promoter group): 43,250 shares each
• All remaining 31 promoter group entities, including HUFs and corporate entities, hold nil shares

The disclosure was submitted to both the National Stock Exchange of India Ltd. and the Company's Audit Committee, in accordance with the prescribed regulatory requirements.