EKI Energy Services Ltd

EKI Energy Services Limited has announced the successful registration of its Plastic Waste Reduction Project in Bangladesh, Phase I, with Verra. This marks the first registered plastic waste reduction project in Bangladesh and is registered under Verra's Plastic Waste Reduction Standard. The initiative represents a strategic expansion of EKI's plastic waste recovery, recycling, and circular economy solutions into international markets, specifically a major South Asian market. The project aims to implement structured approaches to plastic waste recovery, generate Plastic Credits, and contribute to a more circular economy by preventing plastic from entering landfills or the environment. This development strengthens EKI's position as a global Carbon Credit Developer and Supplier and broadens its offerings beyond traditional carbon asset management.

EKI Energy Services Limited (EKIESL) announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board of Directors approved these results, along with a limited review report from statutory auditors Dassani and Associates LLP. The financial statements were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) for interim financial reporting. The company will also make these results available on its website.

Consolidated revenue fell 30% YoY to ₹10.46 Cr (from ₹14.94 Cr in Q1 FY26) and 47% QoQ (from ₹19.75 Cr in Q4 FY26), while the consolidated net loss widened to ₹15.93 Cr against a ₹1.28 Cr loss a year ago and a ₹7.79 Cr loss last quarter — roughly an 11x YoY deterioration and a further ~2x sequential widening. Standalone tracked closely at a ₹15.31 Cr loss on ₹8.88 Cr revenue, so the two bases tell the same story this quarter with no material divergence. The margin squeeze is broad-based: NPM (PAT/total income) fell to -108.1% from -5.9% YoY and -36.0% QoQ, and OPM fell to -135.4% from -25.1% YoY and -15.8% QoQ. The single largest driver is the "change in inventories of stock-in-trade" line, which rose to ₹8.42 Cr even as revenue shrank (from ₹5.15 Cr YoY and ₹3.14 Cr QoQ) — expenses grew where revenue contracted. By segment, the core Trading segment's loss deepened to ₹14.83 Cr (from ₹4.87 Cr YoY, ₹7.31 Cr QoQ) and the Generation segment's loss widened to ₹6.52 Cr (from ₹4.31 Cr YoY, ₹2.81 Cr QoQ). The filing's notes (5 and 6) flag that the Clean Development Mechanism is being phased down: submission of CER issuance requests was discontinued from 30 June 2026, transfers/cancellations in the CDM registry cease 31 December 2026, and residual CERs are administratively cancelled 1 July 2027 — a structural regulatory headwind directly on the company's carbon-credit trading and generation business. Management states no inventory write-down has been taken pending completion of its batch-wise CER eligibility assessment. Management gives no formal guidance or outlook on record, we have no prior concall read to check consistency against, and web search turned up no analyst/brokerage consensus estimates for this quarter — reflecting thin coverage on this micro-cap — so the print cannot be benchmarked against Street expectations. No management press release commentary was available in the context to cross-check against the numbers. Separately, the quarter saw a CFO transition (resignation and new appointment effective mid-July 2026) — this filing is signed by the newly appointed CFO and Whole Time Director, Pooja Jorway — alongside an immaterial ₹7 lakh ROC Gwalior penalty. The company was also granted an interstate Electricity Trading Licence on 26 May 2026, a new business line not yet broken out as a separate reporting segment this quarter.

EKI Energy Services Ltd has announced that its Board of Directors will convene on August 10, 2026, to consider and approve the standalone and consolidated unaudited financial results for the quarter ended June 30, 2026. Concurrently, the company has closed its trading window for designated persons and their immediate relatives from July 1, 2026, until 48 hours after the declaration of these financial results, in compliance with SEBI's insider trading regulations.

EKI Energy Services Ltd has announced its 15th Annual General Meeting (AGM) for the financial year 2025-26, scheduled for Tuesday, August 25, 2026. The meeting will be conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM) starting at 11:00 AM IST. The notice of the AGM has been dispatched to shareholders electronically on August 03, 2026. Key agenda items include the adoption of audited standalone and consolidated financial statements for FY 2025-26, the re-appointment of Ms. Priyanka Dabkara, and the appointment of Ms. Pooja Jorway as Whole Time Director and CFO for a term of five years with an annual remuneration of up to ₹10,00,000. The cut-off date for e-voting is August 18, 2026, with remote e-voting available from August 22 to August 24, 2026.

EKI Energy Services Ltd announced a change in its directorate following a Board Meeting on July 15, 2026. Mr. Mohit Kumar Agarwal resigned as Chief Financial Officer and Whole Time Director, effective July 15, 2026, citing personal commitments. The Board expressed appreciation for his contributions. Subsequently, Ms. Pooja Jorway was appointed as the new Chief Financial Officer and Additional Director (Whole Time Director) for a period of five years, effective July 16, 2026, subject to shareholder approval. Ms. Jorway brings over eight years of experience in business operations and financial management.

EKI Energy Services Ltd announced a change in its top management following a Board Meeting held on July 15, 2026. Mr. Mohit Kumar Agarwal resigned from his positions as Chief Financial Officer and Whole Time Director, effective the close of business on July 15, 2026. The Board accepted his resignation and expressed appreciation for his contributions. Subsequently, based on the Nomination and Remuneration Committee's recommendation, the Board approved the appointment of Ms. Pooja Jorway as the new Chief Financial Officer, Additional Director (Whole Time Director), and Key Managerial Personnel for a term of five years, effective July 16, 2026. This appointment is subject to shareholder approval. Ms. Jorway brings over eight years of experience in business operations and executive management, with significant exposure to the company's financial functions.

EKI Energy Services Ltd has received four adjudication orders from the Registrar of Companies (ROC), Gwalior, imposing total penalties of ₹7,00,000. The penalties stem from alleged non-compliance with various sections of the Companies Act, 2013, including issues related to the Board's Report and IEPF filings for FY 2022-23. The company states these orders have no material impact on its financial or operational activities and is evaluating legal remedies.

EKI Energy Services Ltd has announced the closure of its trading window for all designated persons and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will be shut from July 1, 2026, until 48 hours after the declaration of the audited standalone and consolidated financial results for the quarter ended June 30, 2026. This measure is standard practice to prevent insider trading during sensitive financial reporting periods.

EKI Energy Services Ltd has been granted a Category 'IV' Inter-State Electricity Trading Licence by the Central Electricity Regulatory Commission (CERC) for a period of 25 years. This licence, authorized by CERC order dated May 24, 2026, allows the company to undertake inter-State trading in electricity across India, subject to compliance with the Electricity Act, 2003 and relevant regulations.