SRM Contractors Ltd

SRM Contractors Ltd has announced the bagging of a significant contract valued at ₹138.37 Crores from the Ministry of Road, Transport and Highways (MORTH). The contract involves the treatment of landslide locations on NH-09 (old NH-125) in Uttarakhand, to be executed on an EPC mode. The project has a stipulated execution period of 18 months from the appointed date. This award is a positive development for the company, bolstering its order book and indicating continued business momentum in the infrastructure sector.

SRM Contractors Limited's Fund Raising Committee has noted changes to the Explanatory Statement for the upcoming AGM. Notably, promoters Sanjay Mehta and Puneet Pal Singh intend to subscribe to preferential warrants. The company also took on record a revised valuation report dated September 5, 2026, issued by Corporate Professionals Valuation Services Private Limited, as per NSE's instructions. The issue price for the preferential issue remains unchanged despite the revised valuation.

SRM Contractors Ltd announced changes in its management and auditor following its 18th Annual General Meeting held on September 30, 2026. Ms. Ashley Mehta's designation has been changed from Non-Executive Director to Executive Director, effective October 1, 2026. She is a promoter of the company and holds a Bachelor of Science in Civil Engineering. Additionally, M/s Rohit KC Jain & Co. has been appointed as the company's statutory auditor for a term of five consecutive years, commencing from FY 2026-27 to FY 2030-31. The firm is a chartered accountancy firm established in 2005.

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 Thursday, October 1, 2026, until 48 hours after the announcement of the financial results for the quarter and half-year ending September 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 in due course.

SRM Contractors Limited has announced the conversion of its Abu Dhabi branch into a wholly owned subsidiary, 'SRM Contractors LLC'. This strategic move, approved by the Department of Economic Development, Abu Dhabi, transforms the branch into a Single Owner / Sole Proprietorship Limited Liability Company. The new subsidiary will focus on construction and engineering services, including retaining walls, dewatering, bridges, tunnels, roads, landscaping, and oil and gas field services. The incorporation involved an initial capital of AED 100,000.

SRM Contractors Ltd has issued a notice for its 18th Annual General Meeting (AGM) scheduled for Wednesday, September 30, 2026, at 1:00 PM. The meeting will be conducted via Video Conferencing/Other Audio Visual Means. Key agenda items include the adoption of audited standalone and consolidated financial statements for FY 2025-26, the re-appointment of Ms. Ashley Mehta as a Non-Executive Director, the appointment of M/s Rohit KC Jain & Co. as Statutory Auditors for five years, and a special business item to approve the change in designation of Ms. Ashley Mehta from Non-Executive Director to Executive Director for a period of five years effective October 1, 2026.

SRM Contractors Ltd has filed its 18th Annual Report for the Financial Year 2025-26, along with the Notice for the 18th Annual General Meeting. The report, which includes corporate information, AGM notice, board report, management discussion and analysis, secretarial audit report, and financial statements (standalone and consolidated), has been submitted to the BSE and NSE. It is also available on the company's website (www.srmcpl.com). The filing details the Board of Directors, Key Managerial Personnel, and the Audit Committee.

SRM Contractors Limited's Board of Directors approved a significant increase in authorized share capital from ₹25 crore to ₹35 crore. The company also greenlit a Qualified Institutions Placement (QIP) of up to ₹150 crore and a preferential issue of 19,34,236 convertible warrants to promoters for ₹100.00 crore. A fund-raising committee was constituted to oversee these processes. The draft notice for the Annual General Meeting (AGM) to seek shareholder approval for these proposals was also approved.

SRM Contractors Ltd has announced a Board of Directors meeting scheduled for September 5, 2026. The primary agenda item is to consider and approve a proposal for raising funds through various equity and convertible instruments via public and/or private offerings. The meeting will also cover the approval of the Draft Director's Report for FY2025-26, finalization of the 18th Annual General Meeting details, and approval of the Cost Audit and Secretarial Audit Reports for the same financial year. Additionally, the company has announced a trading window closure for designated persons from the date of intimation until 48 hours after the board meeting outcome.

SRM Contractors Ltd has announced the incorporation of a new associate company, GIRAFFE SRM ESTATES PRIVATE LIMITED. This entity will focus on developing and operating wayside amenities on highways and expressways, including retail, fuel, EV charging, and food services. It will also engage in managing highway infrastructure and executing projects as an SPV under concession/PPP arrangements. The new company has an initial authorized capital of ₹10,00,000, with SRM Contractors holding a 49% stake.