Garuda Construction and Engineering Ltd

Garuda Construction and Engineering Ltd announced that its wholly-owned subsidiary, Dream City Builders (formerly Garuda Arabia), has signed a Memorandum of Understanding (MoU) with Almasarat Company Limited. The MoU is for the proposed construction and development of a 93-storey landmark tower in Jeddah, Saudi Arabia. The project, envisioned as a 360-degree twisting tower, will include a five-star hotel and a rooftop restaurant. Dream City Builders will handle the complete Engineering, Procurement, and Construction (EPC) scope. The estimated revenue potential for Dream City Builders over the project's approximately five-year duration is ₹1,800 crore. The project is subject to requisite approvals.

Garuda Construction and Engineering Ltd has announced its 16th Annual General Meeting (AGM) to be held on September 30, 2026, at 11:00 AM. The meeting will be conducted through Video Conferencing/Other Audio Visual Means, with the physical venue considered as 201, A Wing, Fortune 2000 C -3 Block, Bandra Kurla Complex, Bandra (East), Mumbai. The company has submitted its Annual Report for FY 2025-2026 along with the Notice of AGM, which is also available on their website. The report highlights a year of strong growth and consolidation, emphasizing operational excellence and expansion into direct third-party contracts.

Garuda Construction and Engineering Ltd has announced its 16th Annual General Meeting (AGM) to be held on September 30, 2026, at 11:00 AM IST via video conferencing. The meeting agenda includes the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026, the reappointment of a director, the appointment of M/s. Ketan Vyas & Company as Secretarial Auditors for five years, and approval for related party transactions. The Annual Report and AGM Notice are available on the company's website.

Garuda Construction and Engineering Ltd has appointed M/s. Ketan Vyas & Company as its Secretarial Auditors for a term of five consecutive years, commencing from the financial year 2026-2027 until 2030-2031. This appointment was approved by the Board of Directors on September 4, 2026, and is subject to shareholder approval at the upcoming Annual General Meeting (AGM). The AGM is scheduled for September 30, 2026, to be held via Video Conferencing. Ketan Vyas & Company is a firm specializing in corporate compliance and secretarial audits.

Garuda Construction and Engineering Ltd announced that its Board of Directors, in a meeting held on September 4, 2026, approved the appointment of Ms. Ketan Vyas & Company as the Secretarial Auditors. This appointment is for a term of five consecutive years, commencing from the financial year 2026-2027 until the financial year 2030-2031, and is subject to shareholder approval at the upcoming Annual General Meeting (AGM). The company also announced that its AGM will be held on September 30, 2026, via Video Conferencing or Other Audio Visual Means. Ms. Ketan Vyas & Company is a firm based in Indore, specializing in corporate compliance and secretarial audits.

Garuda Construction and Engineering Ltd has issued a clarification regarding a previous announcement made on August 14, 2026. The company states that an incorrect document was inadvertently uploaded to the BSE portal due to a technical error and an internal glitch. This erroneous document does not pertain to the company. Garuda Construction has acknowledged the mistake and requests all stakeholders to disregard the prior announcement. The Managing Director and Chairman, Pravin Kumar Brijendra Kumar Agarwal, has signed off on the clarification.

Garuda Construction and Engineering Ltd has received a revised disclosure from its promoter, PKH Ventures Ltd, regarding the creation of a pledge on shares. This filing, made on August 13, 2026, is in response to a query from BSE Limited and adheres to SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The revised disclosure clarifies the reasons for the encumbrance, which involves pledging 65,00,000 equity shares (6.99% of total share capital) by PKH Ventures Ltd in favour of Aditya Birla Capital Limited for working capital purposes. The total promoter holding remains at 51.7% of the company's share capital.

Garuda Construction and Engineering Ltd has issued a clarification regarding a typographical error in its Limited Review Report for the consolidated unaudited financial results. The error was in the period mentioned, which incorrectly stated '30 June 2025' instead of the correct '30 June 2026'. The company submitted the rectified report from its statutory auditors. This correction does not alter the previously submitted Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026, which were approved in a Board Meeting held on August 10, 2026. The Board meeting commenced at 10:00 AM and concluded at 10:35 AM.

Garuda Construction and Engineering Ltd announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board of Directors approved these results along with the Limited Review Report from the Statutory Auditor. The board meeting commenced at 10:00 AM and concluded at 10:35 AM. The company has prepared its results in accordance with Indian Accounting Standard 34 (Ind AS 34) 'Interim Financial Reporting'.

Garuda Construction and Engineering's consolidated Q1 FY27 (quarter ended 30 June 2026, unaudited) results show revenue from operations of ₹175.38 Cr, up 40.1% YoY from ₹125.16 Cr and up 17.7% QoQ from ₹149.05 Cr. Consolidated PAT attributable to owners came in at ₹41.54 Cr, up 48.4% YoY (₹28.00 Cr) and 20.7% QoQ (₹34.42 Cr), with basic EPS of ₹4.47 versus ₹3.01 a year ago. There are no exceptional items in either the current or year-ago quarter, so the growth is entirely operational — no raw-vs-adjusted split is needed. Margins expanded on a YoY basis: net profit margin rose to roughly 23.7% from 22.1%, and operating margin widened to around 32.1% from 29.1%. The bridge is a materials-cost efficiency: cost of materials consumed fell to 8.6% of revenue from 18.3% a year ago, more than offsetting a rise in construction/subcontracting expense to 56.3% of revenue from 48.0%. Sequentially margins were broadly flat (NPM ~23.15%→23.66%, OPM ~32.19%→32.11%), so the QoQ profit uptick tracked the QoQ revenue uptick rather than reflecting fresh margin gains — a sequential read that should not be read as the headline story. Standalone and consolidated numbers are near-identical this quarter — the three subsidiaries (PKH Projects LLP, PKH Ayodhya Private Limited, UP World Trade Centre Private Limited) contributed nil revenue and a combined net loss of ₹2.16 lakh, reviewed by other auditors. No formal Street consensus estimate specific to Q1 FY27 was found; the closest available read (Univest) frames broader FY27 PAT-growth expectations at roughly 15-20%, a full-year figure this quarter's 48% YoY PAT growth runs well ahead of, though that is not an apples-to-apples quarterly comparison. Management has no formal guidance on record for this quarter, and no press release accompanying this filing was available to cross-check its own framing of the print. Separately, the board added two independent directors on 9 June 2026 and there was an auditor appointment/resignation update on 30 May 2026, neither tied numerically to this result; PKH Ventures, a promoter-linked entity, pledged 65 lakh Garuda shares on 3 August 2026 — a governance-adjacent event outside the P&L but worth flagging alongside the print.