Prajay Engineers Syndicate Limited has announced a crucial board meeting scheduled for September 2, 2025, to discuss significant corporate actions, including a potential fund-raising initiative and Annual General Meeting (AGM) preparations.

Fund Raising Proposal

The board will deliberate on a proposal to raise funds through various means, including:

• Issuance of equity shares
• Convertible securities
• Convertible warrants
• Other permitted modes

The company is considering these options via Preferential Allotment or Private Placement to both promoter and non-promoter categories. This move is subject to regulatory and statutory approvals, including shareholder consent, and will be conducted in accordance with the Companies Act, 2013, and SEBI regulations.

Allotment Committee Formation

To streamline the fund-raising process, the board will discuss the appointment of an Allotment Committee. This committee will be responsible for overseeing various activities related to the fund-raising initiative and the allotment of applicable securities, ensuring compliance with relevant laws.

Annual General Meeting Preparations

The upcoming board meeting will also focus on AGM-related matters, including:

• Approval of the AGM notice
• Fixing the date for the Annual General Meeting

Additional Agenda

The board may also consider other matters with the chairman's permission during the meeting.

Meeting Details

Prajay Engineers Syndicate Limited, headquartered in Hyderabad, operates in the real estate and construction sector. The company's move to explore fund-raising options could potentially impact its future growth strategies and financial position. Investors and stakeholders will be keenly watching the outcomes of this important board meeting.

Prajay Engineers Syndicate Limited , a company engaged in construction, development, and hospitality sectors, has released its financial results for the first quarter of the fiscal year 2025-26, ending June 30, 2025. The company reported mixed results, with increased revenue but continued losses across its operations.

Financial Performance

Standalone Results

• Revenue from operations increased significantly to Rs 714.46 lakhs, up from Rs 249.20 lakhs in the corresponding quarter of the previous year.
• The company reported a standalone loss of Rs 230.27 lakhs, slightly higher than the Rs 215.53 lakhs loss in the same quarter last year.

Consolidated Results

• Revenue grew substantially to Rs 1,471.14 lakhs, compared to Rs 470.98 lakhs in the previous year's quarter.
• The consolidated loss narrowed to Rs 319.88 lakhs, an improvement from the Rs 537.27 lakhs loss reported in the same period last year.

Segment Performance

Prajay Engineers Syndicate operates in two main segments:

1. Construction and Development: Revenue increased to Rs 1,204.18 lakhs from Rs 247.25 lakhs in the previous year.
2. Hospitality - Hotels and Resorts: Revenue rose to Rs 266.96 lakhs from Rs 223.73 lakhs.

Corporate Updates

• The Board of Directors approved the unaudited financial results for Q1 FY2025-26 in a meeting held on August 14, 2025.
• M Shanker has been appointed as the new Internal Auditor of the company.

Legal Developments

• The company has executed settlement agreements in disputes with investor entities White Stock Limited and Belclare Limited. Cases before the National Company Law Tribunal (NCLT) Hyderabad have been disposed of as a result.
• Arbitration proceedings are ongoing with the Telangana government regarding lease and construction agreements. The Hon'ble High Court appointed Hon'ble S M Rafee (Retired District Judge) as the Arbitrator in this matter.

Outlook

While Prajay Engineers Syndicate is experiencing revenue growth across its segments, the company continues to face challenges in achieving profitability. The appointment of a new Internal Auditor and the resolution of certain legal disputes may signal efforts to strengthen internal controls and resolve outstanding issues. Investors and stakeholders will likely be watching closely to see if these steps, along with the revenue growth, will translate into improved profitability in the coming quarters.