HEC Infra Projects Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 18, 2025
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HEC Infra Projects reported Q1 FY26 standalone revenue from operations of Rs. 2,790.73 lakh, up 54.8% from Rs. 1,802.25 lakh in Q1 FY25. Profit after tax rose 59.4% YoY to Rs. 133.12 lakh (from Rs. 83.53 lakh), with EPS of Rs. 1.23 vs Rs. 0.82. The Board fixed the 20th AGM for 18th September 2025 via video conferencing, with remote e-voting from 15–17 September 2025. The statutory auditor M/s. Paresh Thothawala & Co. resigned effective 1st August 2025, and M/s. KDN & Associates LLP has been recommended as the new statutory auditor for a 5-year term. A new secretarial auditor (M/s. Nishant Pandya & Associates) and cost auditor (M/s. P. H. Desai) were also appointed. Reserves remain deeply negative at Rs. (4,229.72) lakh, reflecting accumulated losses, though current period results are profitable. No outstanding loan or debt defaults were reported.
Strong top-line and profit growth in Q1 FY26 is a positive signal for shareholders, but the sizeable negative reserves indicate historical accumulated losses that investors should monitor. The mid-year statutory auditor change is a notable governance event that may draw investor attention; clarity on the reasons for the auditor's resignation will be important at the AGM.