Expo Engineering & Projects Ltd (BSE: 526614), formerly known as Expo Gas Containers Ltd, has received a significant boost to its capital raising plans. The company announced that it has secured in-principle approval from the BSE Limited for issuing convertible warrants worth Rs 22.02 crore on a preferential basis.

Warrant Issue Details

The BSE approval allows Expo Engineering & Projects to issue 31,45,715 convertible warrants. These warrants will be offered to both promoter and non-promoter categories, with each warrant priced at Rs 70.00. The pricing structure includes:

• Face value: Rs 4.00 per warrant
• Premium: Rs 66.00 per warrant

Financial Implications

The total aggregation of this warrant issue amounts to Rs 22,02,00,050.00, providing a substantial influx of capital for the company. This move is likely aimed at strengthening the company's financial position and supporting its growth initiatives.

Regulatory Compliance

The BSE has outlined several key compliance requirements for Expo Engineering & Projects:

1. Adherence to the Companies Act 2013, SEBI regulations, and other statutory provisions.
2. Strengthening of internal controls to monitor trades by proposed allottees.
3. Obtaining undertakings from allottees to prevent non-compliance with trading restrictions.

Next Steps

Following this approval, Expo Engineering & Projects must:

1. Make a listing application within twenty days from the date of allotment.
2. Comply with post-issue formalities as per SEBI regulations.

Management's Response

Hasanain S. Mewawala, Managing Director of Expo Engineering & Projects, confirmed the receipt of the in-principle approval in a communication to the BSE.

Investor Engagement

In a separate announcement, Expo Engineering & Projects revealed its participation in the upcoming "Bharat Connect Virtual Conference – Rising Star" organized by Arihant Capital. The event is scheduled for 1:00 pm, providing an opportunity for the company to engage with investors and analysts.

This series of developments indicates Expo Engineering & Projects' proactive approach to capital management and stakeholder communication, potentially positioning the company for future growth and expansion.

Expo Engineering & Projects , a leading heavy engineering company specializing in pressure vessels, process plant equipment, and turnkey site engineering projects, has announced its unaudited financial results for the quarter ended June 30, 2025, showcasing significant growth in profitability.

Financial Highlights

The company reported a marginal increase in revenue from operations, which stood at ₹17.85 crore, marking a 0.8% year-on-year growth compared to Q1 FY25. However, the real story lies in the company's improved profitability metrics:

The company's EBITDA (excluding other income) saw a substantial increase of 37% year-on-year, reaching ₹1.91 crore. The EBITDA margin expanded to 10.7%, reflecting improved operational efficiencies and prudent cost management.

Most notably, Expo Engineering's Profit After Tax (PAT) surged by an impressive 263% to ₹1.04 crore, with the PAT margin expanding from 1.6% to 5.8%.

Key Developments

Expo Engineering has secured significant orders that are expected to contribute to its future growth:

1. A ₹26.10 crore contract from Indian Oil Corporation Ltd for the supply, installation, fabrication, erection, testing, and commissioning of tanks with foundation work, pipelines, and allied works at the LB Plant in Asaoti, Haryana.

2. Two orders worth ₹1.56 crore from Reliance Industries Ltd for supplying carbon steel fabricated fittings at their Jamnagar facility.

Management Commentary

Mr. Murtuza S. Mewawala, Chairman of Expo Engineering & Projects, expressed satisfaction with the company's performance, stating, "I am pleased to report a resilient performance for Q1FY26, marked by stable revenues and significant improvement in profitability despite a challenging external environment."

He attributed the strong results to improved operational efficiencies, prudent cost management, better working capital management, and lower finance costs. Mewawala also highlighted the company's focus on high-margin and quality-driven projects, expressing confidence in delivering sustainable growth and enhanced value for stakeholders in the upcoming quarters.

Company Background

Established in 1982, Expo Engineering & Projects has over four decades of engineering excellence. The company offers end-to-end solutions, including design, manufacturing, fabrication, and installation of a wide range of process plant equipment such as high-pressure vessels, heat exchangers, reactors, and columns. It is also actively engaged in on-site engineering projects, including the fabrication and erection of fixed and floating roof storage tanks, large site-fabricated equipment, mounded bullets, and horton spheres.

With its strong order book and ongoing customer engagements, Expo Engineering appears well-positioned to capitalize on opportunities in the heavy engineering sector.