NewsCorporate ActionsMega Nirman & Industries Revises Annual Report, Posts Profit in FY 2024-25Mega Nirman & Industries Revises Annual Report, Posts Profit in FY 2024-25
Mega Nirman & Industries Limited, an EV charging solutions provider, issued a revised annual report for FY 2024-25. The company reported revenue of Rs 7.82 crores and net profit of Rs 52.94 lakhs, marking a significant improvement from the previous year's loss. Key corporate actions include scheduling the 42nd AGM, proposing an increase in authorized share capital, seeking approval for a rights issue, and appointing new directors and auditors. The company also completed conversion of share warrants, increasing its paid-up capital to Rs 19,29,19,430.
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Mega Nirman & Industries Limited , an EV charging solutions provider, has issued a revised annual report for the financial year 2024-25, correcting clerical errors in the earlier version. The company has requested that this updated report be considered the official version.
Financial Performance
The company reported a significant turnaround in its financial performance for FY 2024-25:
| Metric | Amount |
|---|---|
| Revenue | Rs 7.82 crores |
| Net Profit | Rs 52.94 lakhs |
This marks a substantial improvement from the previous year when the company posted a loss of Rs 534.13 lakhs.
Business Operations
Mega Nirman & Industries operates in the electric vehicle charging infrastructure sector. The company offers:
- AC and DC chargers for individual and commercial use
- Installation and maintenance services
- App-based solutions for locating and managing charging stations
Corporate Actions
The company has announced several key corporate actions:
- The 42nd Annual General Meeting is scheduled for August 26, 2025.
- Proposed increase in authorized share capital from Rs 50 crores to Rs 60 crores.
- Approval sought for a rights issue of up to Rs 50 crores.
- Appointment of Mrs. Anubha Chauhan as a Non-Executive Independent Director for a term of five years, from July 7, 2025, to July 6, 2030.
- Appointment of M/s Chandan J & Associates as Secretarial Auditors for a period of 5 consecutive years.
Share Warrants Conversion
The company has made significant progress in converting previously issued share warrants:
- On July 7, 2025, 72,77,776 equity shares were allotted upon conversion of warrants.
- On July 25, 2025, an additional 86,66,667 equity shares were allotted upon warrant conversion.
These conversions have resulted in an increase in the company's paid-up capital to Rs 19,29,19,430, consisting of 1,92,91,943 equity shares of Rs 10 each.
Management Commentary
Ankan Gupta, Executive Director of Mega Nirman & Industries Limited, stated, "We are driven by a singular vision — to power India's transition to clean, efficient, and accessible electric mobility. With continuous investment in innovation, smart technology, and strategic partnerships, we aim to expand our footprint and install more charging stations in key urban and rural locations."
The company's focus on EV charging infrastructure aligns with the growing demand for electric vehicles in India and the government's push for cleaner transportation alternatives.
Investors and stakeholders are advised to refer to the revised annual report for detailed financial information and future strategies of the company.
Historical Stock Returns for Mega Nirman & Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.50% | +9.70% | +10.53% | +31.53% | +11.21% | +22.80% |
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