SRM Contractors Ltd

SRM Contractors Limited announced its Board of Directors has approved the conversion of its Abu Dhabi branch into a wholly-owned subsidiary, 'SRM Contractors LLC'. This strategic move aims to restructure its international operations. The conversion is subject to regulatory approvals from the Department of Economic Development, Abu Dhabi, UAE. The new subsidiary will focus on construction and engineering services, including retaining walls, dewatering, bridges, tunnels, roads, and oil and gas field services. The initial capital infusion is planned at AED 100,000.

SRM Contractors Ltd has announced the bagging of new contracts totaling ₹500,99,20,213.10 (approximately ₹501 Crore). The contracts include a ₹210.99 Crore project from MSIDC for construction and integrated development in Trimbakeshwar, Nashik, to be executed within 12 months. Additionally, the company secured a ₹60.43 Crore contract from MoRT&H for landslide treatment on NH-107A in Uttarakhand, with an 18-month execution period. A third contract, valued at ₹229.57 Crore, was awarded by NF RLY Construction for protection work and tunnel construction.

SRM Contractors Ltd has announced the closure of its trading window for all directors, KMP, connected persons, designated employees, and their immediate relatives. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's code of conduct. The trading window will remain shut from July 1, 2026, until 48 hours after the announcement of the financial results for the quarter ending June 30, 2026. During this period, these individuals are prohibited from trading in the company's shares. The exact date for the financial results announcement and the subsequent re-opening of the trading window will be communicated later.

SRM Contractors Ltd. has announced its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the standalone and consolidated financial statements, which include the Balance Sheet, Statement of Profit & Loss, and Statement of Cash Flows. The audit reports have unmodified opinions. The board did not recommend any dividend. Mr. Vijay Langoo was appointed as Internal Auditor and M/s Verma Khushwinder& Co. as Cost Auditors.

SRM Contractors Ltd's board approved the audited financial statements (standalone and consolidated) for the quarter and financial year ended March 31, 2026. The audit reports have unmodified opinions. The board did not recommend any dividend. Mr. Vijay Langoo was appointed as Internal Auditor and M/s Verma Khushwinder& Co. as Cost Auditors. The Board Meeting started at 10.00 A.M. and concluded at 11.30 A.M.

SRM Contractors Ltd has scheduled a Board of Directors meeting on May 26, 2026, to consider and approve the audited financial results for the quarter and year ended March 31, 2026. The meeting will be held at the company's registered office in Jammu. The trading window for insiders has been closed since April 1, 2026, and will reopen 48 hours after the results are declared.

SRM Contractors Ltd. has released the Monitoring Agency Report by CARE Ratings Limited for the quarter and year ended March 31, 2026, as per SEBI regulations. The report, concerning the utilization of proceeds from the company's public issue, was reviewed by the Audit Committee on May 14, 2026, and is available on the company's website. The report indicates no deviation from the stated objectives of the issue.

SRM Contractors Ltd has been honored with the prestigious "Rashtriya Ratna Samman 2026" in the "EPC Contractor of the Year" category. The award recognizes the company's outstanding contributions to infrastructure development and its excellence in engineering, procurement, and construction (EPC) services. Managing Director Mr. Puneet Pal Singh received the accolade at a ceremony in Bharat Mandapam, New Delhi. This recognition highlights SRM's commitment to delivering high-quality infrastructure projects, particularly in challenging terrains, and its consistent demonstration of technical excellence, innovation, and timely project execution. The award reinforces SRM's position as a leading EPC contractor in India and supports its vision for expansion.

SRM Contractors Ltd has received an Administrative Warning Letter from the Securities and Exchange Board of India (SEBI) dated April 23, 2026. The warning pertains to the company's non-compliance with Regulation 23(4) read with Regulation 23(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Specifically, the company failed to obtain prior shareholder approval for material related party transactions (RPTs) entered into during the financial year 2024-25. These transactions, with SRM-Rajinder Projects and SRM-RSB Projects (Joint Ventures), aggregated to ₹84.05 crore and ₹47.40 crore respectively, totaling ₹131.45 crore, exceeding the prescribed materiality threshold. Although the company subsequently obtained shareholder approval in the Annual General Meeting held on September 29, 2025, SEBI emphasized the requirement for *prior* approval. SEBI has advised the company to be more vigilant in ensuring compliance and to avoid recurrence, to which SRM Contractors has committed to strengthening its internal compliance mechanisms.

SRM Contractors Ltd has secured two new contracts totaling ₹168 Crores. The first contract, valued at ₹128 Crores, was awarded by the National Highways Authority of India (NHAI) for long-term remedial measures of an identified landslide location on NH-03 in Himachal Pradesh, to be completed in 12 months. The second contract, worth ₹40 Crores, was awarded by the Public Work Department, Maharashtra, for the construction of a 2L + PS configuration road, minor bridge, and culvert on NH-353K in Maharashtra, with an 18-month execution period. Both are domestic projects awarded on an EPC mode.