Power Mech Projects Limited announced that its Board of Directors, in a meeting held on August 8, 2026, approved the unaudited financial results for the quarter ended June 30, 2026. The approved results include both standalone and consolidated figures for revenue, profit, and other comprehensive income. The company also approved an Employee Stock Option Plan and noted the resignation of a director.
Board Approves Q1 FY27 Financials
The Board of Directors of Power Mech Projects Limited convened on August 8, 2026, to review and approve the unaudited financial results for the first quarter of the financial year 2026-27, which ended on June 30, 2026. The approved results encompass both standalone and consolidated financial statements.
Key Financial Highlights
The unaudited financial results for the quarter ended June 30, 2026, showed a standalone profit after tax of ₹95.66 crore, with a total comprehensive income of ₹92.71 crore. On a consolidated basis, the profit after tax for the same period was ₹89.33 crore, and the total comprehensive income stood at ₹86.52 crore.
Employee Stock Option Plan Approved
In addition to the financial results, the Board also approved the Employee Stock Option Plan (ESOP). This plan is designed to grant stock options to eligible employees of the Company and its subsidiary companies. The total number of stock options proposed to be granted under the plan is 10,00,000. The exercise price will be determined by the Nomination and Remuneration Committee (NRC) and will be between 10% and 25% of the market price of the shares on the grant date.
Director Resignation Noted
The Board accepted the resignation of Mrs. Sajja Lakshmi from the office of Non-Executive and Non-Independent Director, effective from the close of business hours on August 8, 2026. Her resignation was attributed to personal pre-occupations and unavoidable commitments. The Board expressed its sincere appreciation for her valuable contributions during her tenure.
Committee Re-constitutions
Further, the Board approved the re-constitution of various committees and the dissolution of the Investment Committee.
Meeting Details
The Board meeting commenced at 2:30 p.m. (IST) and concluded at 6:40 p.m. (IST) on August 8, 2026. The detailed financial results and other information are available on the company’s website.
Source: BSE
