SRM Contractors Ltd

SRM Contractors Limited informed the BSE Limited and The National Stock Exchange of India Limited that its members approved the change in designation of Ms. Ashley Mehta from Non-Executive Director to Executive Director, effective October 1, 2026, and appointed M/s Rohit KC Jain & Co. (Chartered Accountants) as the company's statutory auditor for a period of 5 consecutive years, commencing from fiscal year 2026-27 to fiscal year 2030-31.

SRM Contractors Limited informed the BSE Limited and the National Stock Exchange of India Limited that the trading window for its directors, key managerial personnel, connected persons, designated employees, and their immediate relatives will be closed from October 1, 2026, until 48 hours after the announcement of financial results for the quarter and half year ending September 30, 2026.

SRM Contractors Limited informed the BSE Limited and The National Stock Exchange of India Limited that the legal status of its branch, 'SRM Contractors Limited – Abu Dhabi,' has been converted to a 'Single Owner / Sole Proprietorship Limited Liability Company' named 'SRM Contractors LLC' under the Department of Economic Development, Abu Dhabi, UAE. SRM Contractors LLC, with an initial capital of AED 100,000, now operates as a wholly owned subsidiary of SRM Contractors Limited, which holds 100% of its shareholding.

SRM Contractors Limited, formerly known as SRM Contractors Private Limited, will hold a meeting of its Board of Directors on September 5, 2026, to consider and approve a proposal to raise funds through the issue of equity shares or convertible instruments via public and/or private offerings, including a qualified institutions placement, and to finalize the draft Director report for the financial year 2025-26.

SRM Contractors Limited informed the BSE Limited and the National Stock Exchange of India Limited that it received an intimation from the Registrar of Companies regarding the incorporation of “GIRAFFE SRM ESTATES PRIVATE LIMITED” on August 24, 2026, with an initial authorized capital of Rs 10,00,000 and a paid-up capital structure of Rs 1,00,000, where GIRAFFE holds Rs 51,000 and SRM Contractors Limited holds 49%, with SRM Contractors Limited holding 49% shareholding in the newly incorporated entity, which will be engaged in developing and operating wayside amenities on highways and expressways.

SRM Contractors Limited announced that its board approved a business expansion and diversification strategy into the Wayside Amenities sector, which includes the development, operation, and management of facilities and infrastructure associated with highways. As part of this strategy, the company will incorporate a new special purpose vehicle named “GIRAFFE SRM ESTATES PRIVATE LIMITED,” in which SRM Contractors Limited will hold a 49% stake, with an initial capital of Rs 1,00,000, of which Rs 49,000 will be infused by SRM.

SRM Contractors Ltd announced that CAREEdge Ratings Limited and CARE Ratings Ltd. have both reaffirmed ratings on its various bank facilities. CAREEdge Ratings Limited reaffirmed the rating for Long Term Bank Facilities at CARE A, Stable, with an enhancement from 20.90 to 60.90, and reaffirmed the Long Term / Short Term Bank Facilities at CARE A, Stable/CARE A1, both for an amount of 482.50. Similarly, CARE Ratings Ltd. reaffirmed the Long Term Bank Facilities at CARE A; Stable, with an enhancement from 20.90 to 60.90, and reaffirmed the Long Term / Short Term Bank Facilities at CARE A; Stable / CARE A1 for an amount of 482.50, while also noting that certain bank facilities are subject to periodic review/surveillance and others are under review due to the ISSUER NOT COOPERATING, and CARE Ratings Limited indicated that further rating information is pending.

SRM Contractors Ltd share price ticked higher by 1.03% to Rs 515.85. The Company's net profit plunged by 63.56% to Rs 19.71 crore, while revenue from operations nosedived 55.97% to Rs 196.26 crore in Q2FY26 over Q1FY26. The market capitalization of Civil Construction industry group stocks on BSE stood at Rs 9.29 lakh crore, tumbling by 17.30%. It has eased by 1.70% over last one week and dipped slightly by 0.41% in last one month while the market capitalization of SRM Contractors Ltd has softened by 2.39% and 6.82% in the same period respectively. Profit before tax (PBT) of SRM Contractors Ltd stood at Rs 24.27 crore in Q2 FY26, rallying 33.28% year-on-year, and nosediving by 65.23% quarter-on-quarter. EBITDA came in at Rs 37 crore, surging by 98.14% YoY and plunging by 45.97% sequentially. Total expenses saw a steep drop of 55.33% to Rs 168.34 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 118.99 crore, registering a fall of 66.09% YoY, while employee benefits expense was at Rs 13.82 crore, soaring 25.98% YoY. For the TTM ended FY26, revenue from operations soared by 54.23% to Rs 528.13 crore, while net profit jumped 103.93% to Rs 55.0 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 3767% to Rs 67.52 crore, and PBT witnessed a strong rise of 114.79% to Rs 74.34 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 1.99 crore in FY26, as against Rs 14.27 crore in FY25. SRM Contractors Ltd surged by 8.11% in last one year, significantly outperforming the benchmark BSE Sensex which has softened by 2.83% during the same period.

SRM Contractors Limited will hold a board meeting on Thursday, August 13, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026, as per SEBI regulations, and to transact other business as may be decided by the board. The trading window for the company's insiders has been closed since July 1, 2026, and will reopen 48 hours after the publication of the financial results.

SRM Contractors has received upgrade in credit ratings for bank facilities at CARE A; Stable / CARE A1.