EKI Energy Services Limited has received an insolvency application notice from Oswal Woollen Mills Limited for operational debts totaling ₹1,85,27,709. The company disclosed this development in a regulatory filing dated December 11, 2025, in compliance with SEBI listing regulations.

Insolvency Application Details

The notice was received on December 10, 2025, concerning application No. CP(IB)/56(MP)2025 filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The application has been filed before the National Company Law Tribunal, Indore Bench.

Company's Response

EKI Energy Services has stated that it is contesting and defending the insolvency application. The company indicated that necessary updates regarding the proceedings will be made available in due course as the matter progresses through the legal system.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that this information will also be made available on its official website at www.enkingint.org .

Corporate Information

EKI Energy Services Limited trades on BSE with scrip code 543284 under the symbol EKI. The company's registered office is located in Madhya Pradesh, and it operates as an ISO 9001:2015 certified organization in the energy services sector.

EKI Energy Services Limited (EKIESL), a leading player in the climate change and sustainability advisory sector, has released its financial results for the second quarter, revealing a mixed performance amidst ongoing corporate restructuring efforts.

Revenue and Profitability

For Q2, EKIESL reported a standalone revenue from operations of ₹1,473.05 lakhs, marking a significant decline from ₹3,435.42 lakhs in Q1. Despite the quarter-on-quarter decrease, the company managed to post a standalone profit of ₹408.92 lakhs for Q2, a notable improvement from the loss of ₹1.75 lakhs in the previous quarter.

On a half-yearly basis, EKIESL's revenue reached ₹4,908.47 lakhs, showing a modest increase compared to ₹4,595.42 lakhs in the same period of the previous year.

Consolidated Performance

The consolidated financial results paint a more challenging picture. EKIESL reported a consolidated net loss of ₹128.45 lakhs for Q2.

Segment Performance

EKIESL operates in two primary segments:

1. Trading Segment: Involves purchasing and selling carbon credits
2. Generation Segment: Focuses on credits from company-owned projects

For Q2, the Trading Segment reported revenue of ₹1,295.11 lakhs, while the Generation Segment contributed ₹2,110.58 lakhs.

Corporate Developments

A significant development announced alongside the financial results is the Board's approval of a demerger scheme. The plan involves separating the Generation Business Segment into EKI One Community Projects Limited, subject to necessary regulatory approvals. This strategic move aims to streamline operations and potentially unlock value for shareholders.

Other Notable Activities

During the quarter, EKIESL demonstrated its commitment to employee retention and motivation by allotting 40,000 equity shares under its Employee Stock Option Plan. Additionally, the company incorporated a wholly-owned subsidiary, EKI Greengas Solutions Private Limited, signaling its intent to expand into new areas of the green energy sector.

Balance Sheet Highlights

As of September 30, EKIESL maintained a strong balance sheet with total assets of ₹61,172.48 lakhs. The company's cash and cash equivalents stood at ₹8,201.52 lakhs, providing a solid liquidity position to navigate market uncertainties and fund growth initiatives.

Outlook

While the quarter-on-quarter revenue decline is a concern, EKIESL's ability to return to profitability on a standalone basis is a positive sign. The ongoing demerger process and the establishment of new subsidiaries suggest that the company is actively repositioning itself in the evolving climate and sustainability market.

Investors and stakeholders will likely keep a close eye on how these strategic moves impact EKIESL's performance in the coming quarters, particularly as the global focus on climate change and sustainability continues to intensify.

Note: All figures are based on the unaudited financial results for the quarter and half-year ended September 30, as reported by EKI Energy Services Limited.