GK Energy Ltd

GK Energy Limited has announced securing a significant order worth ₹235.92 crore (inclusive of GST) from the Maharashtra State Electricity Distribution Company Limited (MSEDCL). The order involves the design, manufacture, supply, installation, testing, and commissioning of 10,000 Off-Grid DC Solar-powered Water Pumping Systems (SPWPS) across Maharashtra under the 'Magel Tyala Saur Krushi Pump Yojana'. This initiative aims to strengthen the state's solar-powered agri-irrigation infrastructure, providing farmers with reliable and sustainable energy access while reducing dependence on conventional power sources. The project is to be executed within 60 days from the issuance of the Work Order/Notice to Proceed. This new order adds to GK Energy's existing orders worth ₹637.83 Crores from MSEDCL, highlighting their strong execution capabilities and role in Maharashtra's clean energy transition.

GK Energy Limited has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply, installation, and commissioning of 10,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS). The contract, valued at ₹235.92 Crores (inclusive of GST), covers pumps of 3 HP, 5 HP, and 7.5 HP for the entire state of Maharashtra under the 'Magel Tyala Saur Krushi Pump Yojana'. The execution of this order is to be completed within 60 days from the issuance of the work order or Notice to Proceed (NTP). This significant award is expected to boost GK Energy's business in the renewable energy sector.

GK Energy Limited has announced the allotment of 10 MW of Rooftop Solar Projects, comprising installations at 1150 locations. The total value of this order is ₹48.02 Crores, inclusive of GST, with an execution timeline of 90 days. This significant order from a domestic distribution company marks a key business development for GK Energy, reinforcing its presence in the renewable energy sector. The company has confirmed no promoter group interest in the awarding entity and that the transaction is not a related party transaction.

GK Energy Limited has announced the closure of its trading window for all directors, officers, designated employees, and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The window will remain shut from July 01, 2026, until 48 hours after the declaration of the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company has advised all concerned individuals not to trade in its securities during this period. The date of the board meeting to approve these financial results will be communicated separately.

GK Energy Ltd reported a 40% increase in revenue, reaching ₹1,532 crore, and a 51.1% rise in Profit After Tax to ₹201.27 crore for FY26. The company deployed 61,085 decentralized renewable energy systems and commissioned 276 MW of renewable energy capacity. EBITDA stood at ₹313.18 crore with EBITDA margins improving to 20.44%. The company's surplus cash position improved to ₹240.61 crore as of March 31, 2026.

GK Energy Limited has released the Monitoring Agency Report for the quarter ended March 31, 2026, as per SEBI regulations. The report, issued by CARE Ratings Limited, reviews the utilization of IPO proceeds. The Audit Committee reviewed and the Board of Directors recorded the report on May 13, 2026. The report indicates no deviation from the objects stated in the offer document, with proceeds utilized as per the board resolution dated August 26, 2025.

GK Energy Ltd. has submitted audited standalone and consolidated financial results for the year ended March 31, 2026. The Board of Directors approved these results in a meeting held on May 13, 2026, following a review by the Audit Committee. The auditors, Bharat J. Rughani & Co., Chartered Accountants, issued an unmodified opinion on the financial statements. Additionally, M/s. Brijesh S. Chandak & Co. was re-appointed as the Internal Auditor for FY 2026-27.

GK Energy Ltd has re-appointed M/s. Brijesh S. Chandak & Co., Chartered Accountants, as its Internal Auditor for the financial year 2026-27, effective from April 1, 2026, to March 31, 2027. This decision was based on the recommendation of the Audit Committee. The board also approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, with an unmodified opinion from the statutory auditors, Bharat J. Rughani & Co.

GK Energy Limited has announced its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The results were approved at a board meeting held on May 13, 2026, following a review by the Audit Committee. The auditors, Bharat J. Rughani & Co., Chartered Accountants, issued an unmodified opinion on the financial statements. Additionally, M/s. Brijesh S. Chandak & Co. was re-appointed as the Internal Auditor for FY 2026-27.

GK Energy Ltd has scheduled a meeting of its Board of Directors on May 13, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The trading window for dealing in the company's securities has been closed from April 1, 2026, until 48 hours after the declaration of the audited financial results.