Kilburn Engineering Limited has successfully completed the allotment of 1,50,000 equity shares through warrant conversion, as approved by the Share Allotment Committee on March 5, 2026. The allotment was made to Salarpuria Investment Private Limited, a non-promoter category allottee, in dematerialised form.

Warrant Conversion Details

The allotment represents the conversion of balance 1,50,000 convertible warrants from the original 3,00,000 warrants previously allotted to Salarpuria Investment Private Limited on November 16, 2024. The conversion was executed at the predetermined issue price structure.

Payment Structure and Proceeds

The warrant conversion followed a structured payment mechanism established at the time of original allotment. An amount equivalent to 25% of the issue price, Rs. 106.25 per warrant, was paid upfront during the initial warrant allotment. The company has now received the balance 75% of the issue price, Rs. 318.75 per warrant, facilitating the conversion into equity shares.

Impact on Share Capital

The preferential allotment has resulted in an increase in the company's paid-up equity share capital. The capital structure transformation reflects the successful conversion of warrants into equity shares.

Regulatory Compliance

The allotment has been executed in accordance with SEBI regulations and applicable statutory requirements. The Share Allotment Committee meeting was conducted on March 5, 2026, commencing at 04:00 PM and concluding at 04:30 PM. The newly allotted equity shares will rank pari passu with existing equity shares of the company, ensuring equal rights and privileges for all shareholders.

Kilburn Engineering Limited conducted its Q3FY26 earnings conference call on February 11, 2026, where management outlined the company's robust quarterly performance and future growth trajectory. The engineering company reported consistent performance across all subsidiaries while maintaining strong operational metrics and expanding its market presence.

Financial Performance Highlights

The company delivered impressive financial results for Q3FY26, demonstrating sustained growth momentum across key metrics:

Managing Director Ranjit Lala confirmed the company's ability to maintain its target of 50% growth in topline over the previous year, projecting revenues of ₹625-650 crores for the current financial year. The management expects to close FY26 with EBITDA margins of 22-23%, indicating sustainable profitability levels.

Order Book and Business Pipeline

Kilburn Engineering ended Q3FY26 with a consolidated order backlog of ₹495 crores, supplemented by additional orders and Letters of Intent worth ₹70 crores received since January 1, 2026. The order book composition reflects diversified revenue streams:

The company maintains a healthy inquiry pipeline of over ₹4,000 crores at consolidated level, indicating strong market traction across various industrial sectors including petrochemicals, chemicals, soda ash, fertilizers, nuclear, food processing, metals, and recycling.

Expansion and Capacity Enhancement

Kilburn Engineering has commenced significant expansion initiatives to support its growth trajectory. The company began factory expansion at Saravalli, expected to complete within six to eight months, alongside Phase 2 expansion at M.E Energy's Pune facility. The total planned capital expenditure across both companies amounts to ₹40-45 crores over the next 12 months.

Strategic Initiatives and Joint Venture

The company formed a joint venture, Kilburn East End Private Limited, to offer specialized site and shop fabrication services to EPC companies for projects in refineries, petrochemicals, steel, and chemicals sectors. This strategic move targets the specialized services market typically outsourced by major EPC contractors like L&T to smaller players.

Future Outlook and Targets

Management outlined ambitious growth targets, aiming for ₹800 crores revenue in FY27 and eventually reaching ₹1,000 crores, representing a compound annual growth rate of 25%. The company expects significant growth contribution from M.E Energy, driven by strong inquiry pipeline and order negotiations in cement, steel, and power sectors.

The management maintains confidence in achieving these targets based on current order pipeline, market traction across multiple verticals, and successful execution of expansion plans. Export orders are expected to contribute approximately 30% of total turnover in the current financial year, with ₹70 crores of the standalone order book being export-related.