EKI Energy Services Ltd

EKI Energy Services Ltd has received an order from SEBI imposing a total penalty of ₹88 Lakh on the company and other individuals for alleged violations of securities market regulations. The company has been restrained from accessing the securities market for two months and fined ₹12 Lakh. Several individuals, including directors, also face market access restrictions and penalties totaling ₹70 Lakh. EKI Energy disagrees with the findings, citing a lack of adverse findings from the Ministry of Corporate Affairs on similar allegations, and plans to challenge the order legally. The company states the order will not materially impact its financial or operational activities.

EKI Energy Services Ltd announced that its shareholders have approved a Special Resolution to alter the Memorandum of Association (MOA). The alteration involves amending the Main Objects and Ancillary Objects clauses. Key changes include the addition of new sub-clauses enabling the company to engage in the business of importing, exporting, trading, and processing of various ferrous and non-ferrous metals and their scrap. Additionally, the company will now be able to conduct business in renewable energy, including solar, wind, hydro, and biomass, as well as related products like green hydrogen and fertilizers. The company also expanded its ancillary objects to include manpower and personnel supply services.

EKI Energy Services Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will remain shut from October 1, 2026, until 48 hours after the declaration of the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. This measure is intended to prevent insider trading during the sensitive period of financial result announcement.

EKI Energy Services Limited's Board of Directors has approved a proposal to alter the company's Memorandum of Association (MOA). The alteration involves adding new sub-clauses to the main and ancillary object clauses. These new clauses expand the company's business scope to include trading in ferrous and non-ferrous metals and non-metals, acting as clearing and forwarding agents for these commodities, and engaging in recycling and reprocessing of metal scrap. Additionally, the company will now be able to venture into renewable energy production, trading of renewable energy products, and providing manpower and personnel services. These changes are subject to shareholder approval.

EKI Energy Services Limited (EKIESL) announced that its corporate office in Indore was subject to an inspection by the Directorate General of GST Intelligence on September 8, 2026. The inspection, initiated under Section 67(1) of the Central Goods and Services Tax Act, 2017, commenced at 12:05 p.m. and concluded at 8:40 p.m. on the same day. The company stated it provided full cooperation to the GST officials. The inspection pertained to alleged discrepancies regarding inward supply of goods or services related to the import of goods/services taxable under RCM for the period 2021-22 to 2025-26. EKIESL currently reports no material impact on its financials, business operations, or other activities as a result of this inspection.

The National Company Law Tribunal (NCLT), Indore Bench, has dismissed and disposed of an insolvency application (CP(IB)/56(MP)2025) filed by Oswal Woollen Mills Limited against EKI Energy Services Ltd. The application, filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, sought to initiate Corporate Insolvency Resolution Process (CIRP). Oswal Woollen Mills had alleged non-payment for the supply of Certified Emission Reductions (CERs) as per an agreement dated April 12, 2022. The NCLT's order, pronounced on September 3, 2026, and uploaded on September 8, 2026, resolves this dispute, preventing the initiation of CIRP against EKI Energy Services.

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.