Atv Projects Limited, an engineering equipment manufacturer, has reported a significant increase in its quarterly revenue for the period ended September 30. The company's financial performance shows substantial growth, accompanied by strategic corporate decisions.

Financial Highlights

ATV Projects India Limited has posted impressive financial results for the second quarter:

The company's revenue saw a remarkable increase of 188% compared to the previous quarter, jumping from Rs 15.26 crore to Rs 43.95 crore. This substantial growth indicates a strong recovery or expansion in the company's operations.

Corporate Developments

In addition to the financial results, ATV Projects India Limited has made several significant corporate moves:

1. Land Development Agreement: The company has entered into a Memorandum of Understanding (MOU) with Shri Vrinda Infracon Private Limited for the development of 3.29 acres of unutilized surplus land in Mathura. The total consideration for this development is set at Rs 47.75 crore.

2. Corporate Governance: The board has approved various corporate governance matters, including:

   • Approval of remuneration for Statutory Auditors for the upcoming Financial Year.
   • Revision in the professional fees of Secretarial Auditor M/s ND & Associates.
   • Review of all quarterly reports filed with the Bombay Stock Exchange (BSE).

3. Related Party Transactions: The company disclosed several related party transactions, including remuneration to key management personnel and loan repayments to associated companies.

Management Commentary

While specific management comments were not provided, the significant revenue growth and strategic land development agreement suggest that ATV Projects India Limited is actively pursuing growth opportunities and optimizing its asset utilization.

Looking Ahead

The substantial revenue increase and the land development agreement indicate that ATV Projects India Limited is positioning itself for future growth. The company's focus on corporate governance matters also reflects its commitment to maintaining transparency and regulatory compliance.

Investors and stakeholders will likely be watching closely to see if the company can sustain this growth trajectory in the coming quarters and how it leverages the land development opportunity in Mathura.

Atv Projects has taken a significant step towards unlocking the value of its unutilized land assets. The company recently announced that it has entered into a Memorandum of Understanding (MoU) with Shri Vrinda Infracon Private Limited for the development of unused land at ATV Nagar, Mathura.

Key Highlights of the Agreement

• The MoU was signed following shareholder approval obtained during the Annual General Meeting held on August 16, 2025.
• The agreement focuses on developing unutilized land situated at ATV Nagar, Mathura.
• Shri Vrinda Infracon Private Limited has been chosen as the development partner for this project.

Transaction Details

• The parties involved in this agreement are not related to the promoter, promoter group, or group companies of ATV Projects India.
• The transaction does not fall under the category of related party transactions, ensuring transparency and arm's length dealings.

Regulatory Compliance

ATV Projects India has adhered to the regulatory requirements by making this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided the following additional information:

• The MoU and accompanying term sheet were executed on August 28, 2025.
• ATV Projects India does not hold any shareholding in Shri Vrinda Infracon Private Limited.
• The agreement does not involve any special rights such as board appointments or share subscription privileges.

Future Steps

The company has stated that it will inform the Bombay Stock Exchange (BSE) once the Development Agreement is executed, which will likely provide more detailed terms of the land development project.

This strategic move by ATV Projects India appears to be aimed at optimizing its land assets and potentially creating additional value for shareholders. The development of the Mathura land could open up new opportunities for the company, although specific details of the project are yet to be disclosed.

Investors and stakeholders will be keenly watching for further updates on this development, as it could have significant implications for the company's future growth and asset utilization strategies.