Oval Projects Engineering Ltd

Oval Projects Engineering Limited reported its audited financial results for the year ended March 31, 2026. The company achieved a revenue from operations of ₹153.14 Crore, a 50% increase YoY. EBITDA grew by 54% to ₹28.25 Crore, and net profit increased by 59% to ₹14.81 Crore. The company's order book stands at over ₹780 Crore.

Oval Projects Engineering Ltd's Board of Directors approved the audited financial statements (standalone & consolidated) for the financial year 2025-26 and the audited financial results for the half year and year ended March 31, 2026. M/s Rahul R. Singh & Associates re-appointed as Internal Auditor for FY 2026-27. The audit reports have an unmodified opinion. Financial results are available on the company's website and BSE Limited.

Oval Projects Engineering Ltd re-appointed M/s Rahul R. Singh & Associates, Chartered Accountants, as their Internal Auditor for the financial year 2026-27, effective May 29, 2026. This decision was made based on the recommendation of the Audit Committee, as the previous term for the F.Y. 2025-26 had expired. Rahul R. Singh & Associates is a member of the Institute of Chartered Accountants of India with over 4 years of experience in taxation, banking advisory, and corporate compliances.

Oval Projects Engineering Ltd's board approved the audited financial statements (standalone & consolidated) for FY26 at its meeting on May 29, 2026. The board also re-appointed M/s Rahul R. Singh & Associates as Internal Auditor for FY27. The audited financial results are available on the company's website and the BSE website. The meeting commenced at 5:30 P.M. and concluded at 6:10 P.M.

Oval Projects Engineering Ltd has scheduled a Board of Directors meeting on May 29, 2026, to consider and approve the audited financial statements (standalone and consolidated) and financial results for the financial year ended March 31, 2026. The meeting will also address ongoing business propositions. The trading window has been closed from April 1, 2026, and will remain closed until 48 hours after the declaration of the audited financial results.

Oval Projects Engineering Ltd has released a Monitoring Agency Report under regulation 32 of SEBI (LODR) Regulations, 2015 for the quarter ended March 31, 2026. The report, issued by Infomerics Valuation and Rating Limited, pertains to the utilization of IPO proceeds. The report declares no deviations from the stated objectives of the IPO.

Oval Projects Engineering Ltd has issued a corporate guarantee of Rs. 883.00 Lakhs to Punjab National Bank. This guarantee secures credit facilities, including a term loan, cash credit, and bank guarantee, for Oval Fresh Private Limited, a promoter group company. The corporate guarantee represents a contingent liability for Oval Projects Engineering Ltd, with no immediate financial impact on the company.

Oval Projects Engineering Ltd has announced the closure of the trading window for dealing in securities of the company. This closure is in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The closure will be effective from April 01, 2026, and will remain in force until 48 hours after the declaration of the Audited Financial Results for the half year and Financial Year ended on March 31, 2026. The date of the Board Meeting for the consideration and declaration of the Audited Financial Results will be intimated in due course.

Oval Projects Engineering Ltd has appointed Aristos Advisory, located at 623-24, Homeland City, Piplod, Surat, Gujarat,395017, to provide investor relations services. The appointment is effective from March 23rd, 2026, as per the regulations of the SEBI (LODR) Regulations, 2015.

Infomerics Valuation and Rating Limited, the Monitoring Agency for Oval Projects Engineering Ltd's Initial Public Offering (IPO), has submitted a report highlighting the utilization of the issue proceeds for the quarter ended December 31, 2025. The report indicates no deviations from the objects for which the funds were raised, and the range of deviation is nil.