Wagend Infra Venture reported a net profit of ₹3.37 lakh for FY26, an increase from the previous year's figure of ₹2.29 lakh. The company’s total income rose significantly to ₹278.62 lakh, driven by revenue from operations of ₹243.02 lakh. Wagend Infra Venture has scheduled its 44th Annual General Meeting (AGM) for September 30, 2026, to be held via video conference.

Financial Performance

The company recorded revenue from operations of ₹243.02 lakh in FY26, compared to nil in FY25. Other income stood at ₹35.60 lakh, down from ₹42.98 lakh in the prior year. Total expenses were ₹274.02 lakh, including purchases of stock in trade of ₹239.06 lakh and finance expenses of ₹13.53 lakh.

The Board of Directors decided not to recommend any dividend for the financial year to conserve reserves. The company transferred ₹3.37 lakh to general reserves.

Balance Sheet Highlights

Total assets increased to ₹1,113.10 lakh as of March 31, 2026, from ₹992.41 lakh in the previous year. Non-current assets rose sharply to ₹348.33 lakh, primarily due to other non-current assets of ₹346.00 lakh, which represent advances against property. Current assets totaled ₹764.77 lakh, with short-term loans and advances at ₹724.81 lakh.

Total liabilities stood at ₹189.57 lakh, comprising long-term borrowings of ₹66.59 lakh and short-term borrowings of ₹105.58 lakh. Equity share capital remained unchanged at ₹942.50 lakh.

AGM Details

The 44th AGM will be conducted through video conferencing or other audio-visual means (VC/OAVM) on September 30, 2026, at 3:30 pm. Shareholders will receive electronic copies of the AGM notice and the Annual Report for FY26. E-voting will be facilitated by Central Depository Services Limited (CDSL).

The company informed shareholders that letters are being sent to those whose email addresses are not registered with the Company, Registrar & Transfer Agent, or Depository Participants. These letters provide a web-link to access the Annual Report for FY2025-26 on the company website. The cut-off date for this communication was August 28, 2026.

Agenda Items

The ordinary business includes adopting the audited financial statements for the year ended March 31, 2026, and the re-appointment of Mr. Munnalal Jain as a director retiring by rotation.

Special business involves the appointment of Mr. Kaushik Kantilal Shah as an Independent Director on the Board for a term of five years, effective from August 14, 2026, to August 13, 2031. Mr. Shah, a Chartered Accountant with 42 years of experience, was appointed as an Additional Director by the Board in August 2026.

Board and Management Changes

Mr. Yash Surjan resigned as a Non-Executive Independent Director effective August 3, 2026. CS Prachi Jain resigned as Company Secretary and Compliance Officer effective August 13, 2025, and was succeeded by CS Unnati Sharma, who was appointed effective December 26, 2025.

The statutory auditors, M/s. Motilal & Associates LLP, confirmed that the financial statements give a true and fair view of the company’s affairs. No key audit matters were identified except for the assessment of disputed income tax demands related to non-availability of TDS credits.

Shareholder Compliance Reminder

The company reminded shareholders holding securities in physical mode to update their KYC details pursuant to SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024. This includes recording PAN, address, mobile number, bank account details, specimen signature, and nomination choice. Folios without updated details may only receive payments electronically from April 1, 2024.

Wagend Infra Venture reported a narrowed net loss for the first quarter of FY26, driven by a substantial increase in operating income. The company posted a net loss of ₹1.13 lakh for the quarter ended June 30, 2026, compared to a loss of ₹1.70 lakh in the same quarter last year. Total income from operations surged to ₹140.27 lakh, up significantly from ₹42.87 lakh in Q1FY25.

The improvement in the top line helped mitigate the bottom-line deficit. In the preceding quarter (Q4FY26), the company had reported a net profit of ₹3.32 lakh on revenues of ₹90.00 lakh. The full-year audited results for FY26 showed a net profit of ₹1.23 lakh on total income of ₹278.62 lakh.

Financial Performance

The company’s equity share capital remained unchanged at ₹942.50 lakh. Reserves stood at zero for the current quarter and the previous fiscal year. Earnings per share (EPS) were negative at -₹0.002 for the current quarter, reflecting the net loss position.

What the Numbers Show

The divergence between the strong revenue growth and the persistent net loss highlights ongoing pressure on margins or high fixed costs relative to the scale of operations. While income from operations more than tripled year-on-year, it was insufficient to generate a net profit for the quarter, indicating that operating expenses or other costs absorbed the additional revenue. The company remains dependent on maintaining this revenue trajectory to achieve consistent profitability.