Power Mech Projects Approves Q1 FY27 Results and Ratifies Employee Stock Option Plan; Director Resignation Confirmed
Power Mech Projects Limited (PMPL) announced key outcomes from its Board of Directors meeting held on August 8, 2026. The board approved the un-audited financial results for the quarter ended June 30, 2026, and ratified a new Employee Stock Option Plan to benefit employees and subsidiaries.One of the significant decisions made by the Board was the acceptance of Mrs. Sajja Lakshmi's resignation from the position of Non-Executive and NonIndependent Director. She resigned due to personal preoccupations and unavoidable commitments, and the Board expressed sincere appreciation for her contributions during her tenure with the company. Additionally, the Board meeting involved the re-constitution of various committees and the dissolution of the Investment Committee.
Financial Performance Review
The un-audited financial results for the quarter ended June 30, 2026, were approved by the Board of Directors following a limited review by the Statutory Auditors, Brahmayya & Co Chartered Accountants. The Company operates predominantly in construction and maintenance activities.A summary of the consolidated unaudited financial figures is presented below (Rs. in Crs):
| Financial Metric | Q ended June 30, 2026 (Unaudited) | Q ended March 31, 2026 (Refer Note.) | Year ended March 31, 2026 (Audited) |
|---|---|---|---|
| Total Income | 1,178.89 | 1,605.52 | 6,107.25 |
| Revenue from Operations | 1,147.71 | 905.27 | 4,727.65 |
| Other Income | 31.18 | 18.62 | 45.68 |
| Total Expenses | 1,057.91 | 1,487.15 | 5,547.12 |
| Cost of Materials Consumed | 165.71 | 1,24X | 869.05 |
| Contract Execution Expenses | 693.45 | 539.30 | 3,611.90 |
| Employee Benefits Expense | 196.72 | 155.34 | 755.27 |
| Profit before tax | 120.98 | 118.37 | 560.13 |
| Total Tax Expense | 25.32 | N/A | 145.82 |
| Profit for the period after tax (Standalone) | 95.66 | 97.60 | 411.68 |
Employee Stock Option Plan Details
The Board also approved an Employee Stock Option Plan designed for granting stock options to eligible Employees of PMPL and its subsidiary companies, following a recommendation from the Nomination and Remuneration Committee.Key terms of the plan include:
| Particulars | Detail |
|---|---|
| Total Number of Options Proposed | Not to exceed 10,00,000 options (Ten Lakh) |
| Option Vesting Period | Must not be earlier than a minimum period of one year from the date of grant. Overall staggered vesting should span no less than three years and not more than five years. |
| Exercise Price Determination | The Exercise Price must be determined by the Nomination and Remuneration Committee (NRC) and shall not be less than 10% and shall not exceed 25% of the market price of the shares as on the date of grant. |
The plan is structured to benefit employees across PMPL and its various subsidiaries, which include entities spanning both Indian and foreign operations.
POWERMECH Stock Price Movement
Shares of Power Mech Projects Limited slipped by 0.63% on Friday, closing at ₹2616.7 amid market movements in the construction sector. The equity saw a trading volume of 49,411 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.