Harsha Engineers International Limited has informed the Exchange regarding 'Intimation of 16th AGM of the Company '.
HARSHA · price
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Harsha Engineers reported strong FY26 standalone results with revenue of Rs 1,26,619 lakhs and net profit after tax of Rs 17,680 lakhs, more than 5x compared to FY25 PAT of Rs 3,536 lakhs (which was impacted by Rs 9,501 lakhs impairment and Rs 1,999 lakhs bad debts write-off). Q4 PAT stood at Rs 5,317 lakhs on revenue of Rs 35,585 lakhs. The Board recommended a final dividend of Rs 1.5 per equity share (15% on Rs 10 face value), subject to shareholder approval at the 16th AGM on July 23, 2026. Key decisions include a new ESOP 2026 scheme with 18 lakh options pool, change in statutory auditor from Pankaj R. Shah & Associates to Mukesh M. Shah & Co for 5 years, appointment of cost and internal auditors, and reappointment of 4 independent directors for second 5-year terms effective January 2027. The audit reports were issued with unmodified opinion.
The company delivered exceptional FY26 earnings recovery driven by Engineering segment growth and improved Solar-EPC performance. Dividend declaration and ESOP scheme signal management confidence, while auditor change is routine governance. Strong PAT growth from FY25's depressed base is positive for shareholders.