Concord Enviro Systems Limited has informed the Exchange about Scheme of Arrangement
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Concord Enviro Systems' board, at its meeting on 8 August 2025, approved Q1 FY26 (quarter ended 30 June 2025) standalone and consolidated financial results, audited by Deloitte Haskins & Sells LLP. Consolidated revenue from operations stood at Rs. 1,023.92 million (vs Rs. 1,027.31 million in Q1 FY25), while net profit was Rs. 41.29 million, a turnaround from a loss of Rs. 43.74 million in the same quarter last year; EPS was Rs. 1.99. The board also approved a Scheme of Arrangement under Sections 230, 52 and 66 of the Companies Act, 2013, to adjust the company's negative Retained Earnings against its Securities Premium Account, subject to NCLT, shareholder and creditor approvals; the scheme does not change the shareholding pattern. Additionally, the board approved the appointment of Ms. Jyoti Nikunj Chawda as Company Secretary, Sahajwani & Associates LLP as Internal Auditors for FY 2025-26, and Martinho Ferrao & Associates as Secretarial Auditors for 5 years, along with an amendment to the ESOP Plan 2022.
The Scheme of Arrangement is a balance-sheet cleanup that uses existing Securities Premium to wipe out accumulated negative Retained Earnings, potentially paving the way for future dividend payments, with no impact on shareholding or cash flows. Strong Q1 FY26 profitability turnaround and the Rs. 400 million planned infusion into wholly owned subsidiary Concord Enviro (FZE) signal operational improvement and continued capacity expansion, which are positive for shareholders.