Trishakti Electronics has announced two significant contract wins and a substantial increase in its capital expenditure for the fiscal year 2025-26, signaling strong growth prospects for the heavy lifting equipment provider.

Reliance Industries Contract

Trishakti Electronics has secured a major order from Reliance Industries Limited for the deployment of advanced hydraulic truck-mounted cranes and skilled manpower at a renewable energy project. The contract, valued at over ₹2.60 crores, has a duration of 12 months. To fulfill this order, Trishakti Electronics has invested approximately ₹5.50 crores in acquiring new hydraulic truck-mounted cranes.

Tata Steel Project

In addition to the Reliance contract, Trishakti Electronics has also received an order from Tata Steel Limited. This contract involves deploying advanced machinery and skilled manpower at one of Tata Steel's flagship project sites. The initial contract period is set for 12 months, with a value exceeding ₹0.50 crores. Trishakti Electronics has allocated ₹1.50 crores for capital expenditure to support this project.

Increased Capital Expenditure

With these new contracts and investments, Trishakti Electronics' cumulative capital expenditure for FY 2025-26 has reached approximately ₹49.50 crores. This significant increase in capex reflects the company's aggressive strategy to build a high-capacity fleet capable of serving major infrastructure and heavy industry clients.

Financial Impact and Future Outlook

The management of Trishakti Electronics expects these contracts to have a positive impact on the company's revenues and profitability in the upcoming quarters. The orders from industry giants like Reliance Industries and Tata Steel not only provide immediate business but also strengthen Trishakti Electronics' position in the market.

Dhruv Jhanwar, Executive Director & Chief Executive Officer of Trishakti Electronics, commented on the Tata Steel order, stating, "The order from Tata Steel Limited reinforces the growing trust of top-tier corporates in our execution capabilities and asset strength, which we believe will translate into stronger revenue visibility and profitability in the upcoming quarters."

Market Response

The announcement of these contracts and the increased capital expenditure is likely to be viewed positively by investors, as it demonstrates Trishakti Electronics' ability to secure high-value contracts from blue-chip clients and its commitment to expanding its operational capabilities.

As Trishakti Electronics continues to build its presence in the infrastructure equipment rental business, these developments mark a significant milestone in the company's growth journey. The market will be watching closely to see how these investments and new contracts translate into financial performance in the coming quarters.

Trishakti Electronics , formerly known as Trishakti Industries Limited, held a pivotal Extra-Ordinary General Meeting (EGM) where shareholders decisively approved two special resolutions aimed at bolstering the company's financial position through strategic fund-raising initiatives.

Key Resolutions Passed

1. Convertible Warrants Issuance: The first resolution authorized the issuance of convertible warrants through the utilization of existing unsecured loans and/or infusion of fresh funds on a preferential basis.

2. Equity Shares and Convertible Warrants: The second resolution gave the green light for issuing equity shares and convertible warrants through the infusion of funds on a preferential basis.

Overwhelming Shareholder Support

Both resolutions received resounding approval from shareholders, with an impressive 99.9979% of votes cast in favor. Out of the total 11,589,292 votes polled, 11,589,045 were in support of the resolutions, while only 247 votes were against.

Meeting Participation

The EGM, conducted via video conferencing, saw active participation from shareholders:

This turnout represents a portion of the company's 3,625 total shareholders as of the record date.

Voting Process and Verification

The voting process was meticulously overseen by the appointed scrutinizer, RAJ KUMAR BANTHIA from MKB & Associates. Mr. Banthia, a qualified Company Secretary with membership number 17190, was appointed by the Board of Directors to ensure the integrity and transparency of the voting procedure.

Implications for Trishakti Electronics

The overwhelming approval of these resolutions signals strong shareholder confidence in Trishakti Electronics' growth strategies. The company is now positioned to leverage these fund-raising mechanisms to potentially strengthen its balance sheet, fund expansion plans, or pursue strategic opportunities.

Regulatory Compliance

In compliance with regulatory requirements, Trishakti Electronics promptly filed the voting results with the BSE Limited and The Calcutta Stock Exchange Limited. This timely disclosure underscores the company's commitment to transparency and adherence to listing obligations.

The successful passage of these resolutions marks a significant milestone for Trishakti Electronics, potentially paving the way for enhanced financial flexibility and strategic growth initiatives in the coming months.