The Board of Directors of Power Mech Projects Limited approved the un-audited financial results for the quarter and nine months ended December 31, 2025. Additionally, the Board sanctioned the proposal to change the Company’s Registrar and Share Transfer Agent (RTA) from KFin Technologies Limited (Kfin) to Venture Capital and Corporate Investments Private Limited (VCCIPL). The board meeting concluded successfully on February 10, 2026.
Approval of Financial Performance for Q3 FY26
Power Mech Projects Limited announced the approval of its un-audited financial results for both standalone and consolidated formats covering the quarter and the nine months that ended on December 31, 2025. These results were reviewed by the Audit Committee and subsequently approved by the Board of Directors during the meeting held on Tuesday, February 10, 2026.
Key Consolidated Financial Highlights (Nine Months Ended Dec 31, 2025)
The Statement of Unaudited Consolidated Financial Results showed:
- Total Income: ₹3,986.58 Crores.
- Profit Before Tax: ₹370.81 Crores.
- Profit After Tax (Total Comprehensive Income): ₹259.84 Crores.
- Earnings Per Share (Basic & Diluted): ₹70.04 per share.
The auditors noted that the consolidated results include financial information from 9 Indian subsidiaries, 4 Indian Joint Ventures (JVs) (unreviewed), 3 Overseas Subsidiaries (unreviewed), and 5 other overseas entities (JVs/Associates) (unreviewed).
Strategic Change in RTA Services
The Board also approved a key administrative change concerning shareholder services:
- Discontinuation of Current RTA: KFin Technologies Limited (“Kfin”), which served as the Registrar & Share Transfer Agent since the Initial Public Offer (IPO), will cease services upon completion of the transition.
- Appointment of New RTA: The Board approved the appointment of Venture Capital and Corporate Investments Private Limited (“VCCIPL”) as the new RTA after assessing operational and financial parameters.
- Transition Period: Kfin will continue to act as RTA until the formal handover of data and charge to VCCIPL is completed. The definitive effective date for this change will be communicated in due course after executing necessary agreements.
Notes on Labour Code Impact
The company assessed the financial impact arising from the Government of India’s notification of four new labour codes in November 2025. The management recognized an incremental liability of ₹3.56 crores towards gratuity and leave encashment for the quarter and nine months ended December 31, 2025, disclosed under Employee benefit expenses.
The Board Meeting commenced at 2:00 p.m. (IST) and concluded at 7:15 p.m. (IST) on February 10, 2026.
Source: BSE
