RKEC Projects Limited Approves FY 2026 Financial Results and Appoints Independent Director
RKEC Projects Limited announced significant corporate governance updates and approved its Audited Consolidated and Standalone Financial Results for the financial year ended March 31, 2026. The company also welcomed Mrs. Jeevan Jyoti Volla as a new Independent Director during its Board of Directors meeting held on August 10, 2026.The Board approved the audited financials, alongside appointing the Internal Auditor and Cost Auditor for the company. Mrs. Jeevan Jyoti Volla was appointed as an Independent Director, and the filings confirmed that she is not related to any existing directors in the company. The appointment grant her a term of 5 consecutive years, starting from August 10, 2026, until August 9, 2031.
Financial Results Overview
The Board of Directors reviewed and approved the Audited Consolidated and Standalone Financial results for the quarter and year ended March 31, 2026. The company operates as a single segment entity.Key highlights from the financial statements, comparing the performance metrics across periods are presented below:
| Metric | FY Ended 31-03-2025 (Rs in lacs) | Q/Year Ended 31-03-2026 (Audited) |
|---|---|---|
| Revenue from Contracts / Operations | 326,506 | 18,017.32 |
| Total Income | 423,725 | 1,861,263 |
| Total Expenses | 346,524 | 4,058,682 |
| Profit for the Period (Continuing Operations) | 26,254 | 347,097 |
Auditor's Report and Financial Position
The Statutory Auditors, M/s SARC & Associates Chartered Accountants, issued an unmodified opinion on both the Audited Standalone Financial Results and the Consolidated Financial Results for the year ended March 31, 2026.The audits highlighted several operational risks and outstanding matters:
- Statutory Liabilities: Both reports noted that statutory liabilities relating to TDS & TCS of Rs 227 crores, GST liability of Rs 24.11 crores, and PF liability of Rs 0.99 crore remained unpaid as of March 31, 2026.
- MMB Contract Developments: The consolidated financial report drew attention to developments concerning contracts with the Maharashtra Maritime Board (MMB), which included the invocation and encashment of bank guarantees totaling approximately 330 crore across various dates in April 2026.
Financial Position Summary (March 31, 2026)
The company's financial health metrics as per the Audited Balance Sheet are summarized below:| Particular | Amount (Rs in lacs) |
|---|---|
| Total Assets | 55,015.43 |
| Total Equity and Liabilities | 55,015.55 |
| Share Capital (Paid up) | 2,582.06 |
| Borrowings (Non-Current & Current) | 2,765.31 + 20,941.77 |
The company's Standalone Cash Flow Statement for the year ended March 31, 2026, showed a Net Cash from Operating Activities of 1,270.34 lakhs, leading to a final Cash and Cash Equivalents balance of 1,048.38 lakhs.
RKEC Stock Price Movement
RKEC Projects Limited shares slipped on Monday, shedding 3.54% as the stock settled at ₹26.60. The equity traded between a high of ₹28.00 and a low of ₹26.37, registering a volume of 23,825 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.
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