Telge Projects Limited has announced the appointment of Churchgate Advisory Private Limited as its Investor Relations Agency, marking a significant step in strengthening its investor communication framework. The appointment became effective from December 3, 2025, as communicated to the Bombay Stock Exchange on December 12, 2025.

Regulatory Compliance and Communication

The company made this announcement in strict adherence to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements), 2015, which mandates listed companies to disclose material events and information that could impact investor decisions. The formal communication was addressed to the Listing Manager of the Bombay Stock Exchange Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai.

Appointment Details

The key details of this corporate development are outlined below:

Company Information

Telge Projects Limited operates under the BSE scrip code 544544 with the ISIN code INE0SRP01014 and trading symbol TELGE. The company secretary and compliance officer, Barkha Bharuka, signed the official communication to the exchange, ensuring proper corporate governance protocols were followed.

Strategic Implications

The appointment of a dedicated investor relations agency reflects Telge Projects Limited's commitment to maintaining transparent and effective communication with its stakeholder community. Professional investor relations services typically encompass investor communication strategies, financial reporting support, and stakeholder engagement activities that help listed companies maintain strong relationships with their investor base.

Telge Projects Limited, a global leader in structural and BIM engineering services, has reported a marginal increase in revenue for the first half of the fiscal year (H1). The company's revenue stood at ₹21.48 crore, compared to ₹21.06 crore in the same period of the previous year, representing a modest growth of 2%.

Temporary Slowdown in U.S. Market

The management attributed the slow growth to a temporary slowdown in the U.S. market, which was impacted by a 45-day government shutdown and policy transitions. These factors led to project delays, although the company emphasized that projects were put on hold rather than cancelled.

Financial Performance

Despite the flat revenue growth, Telge Projects showed improvements in other financial metrics:

It's worth noting that the financial figures presented in the table differ from those mentioned in the opening paragraph. This discrepancy may be due to different reporting periods or adjustments made after the initial announcement.

Customer Base Expansion

The company reported significant growth in its customer base, adding 27 new clients during H1. The total customer count increased from 53 to 80, indicating strong market penetration and diversification of the client portfolio.

Revenue Bifurcation

Telge Projects' revenue is primarily driven by its steel engineering services:

Future Outlook

The company projects a strong recovery in the second half of the fiscal year, with management expecting 25-30% growth. Telge Projects has set a full-year revenue target of ₹37-38 crore minimum, supported by:

1. Confirmed orders worth ₹10.4 crore
2. High-probability orders (advanced stage) of ₹8-10 crore
3. Active RFQs under estimation valued at ₹15-18 crore

The company's current execution capacity stands at ₹4.5 to 5 crore per month, indicating room for growth without immediate capacity constraints.

Strategic Initiatives

Telge Projects is focusing on several strategic initiatives to drive future growth:

1. R&D Focus: The company is investing in automation modules, optimization tools, and AI-driven BIM dashboards to improve efficiency and competitiveness.
2. Global Expansion: With a presence in India and the USA, the company is delivering projects across six or more countries and plans to expand into Canada, New Zealand, and Southeast Asia.
3. Inorganic Growth: The company is exploring opportunities to add new service lines and strengthen its ecosystem in the U.S. market.
4. Governance Enhancement: Telge Projects has started releasing quarterly unaudited results, a step towards potential mainboard migration and increased transparency.

IPO Proceeds Allocation

The company has allocated its IPO proceeds across various categories to support growth:

While Telge Projects faced challenges in H1, the company's management remains optimistic about its growth prospects, citing a strong order book and strategic investments in technology and human resources. Investors will be watching closely to see if the projected H2 recovery materializes as expected.