Semac Construction Limited Approves Board Outcomes, Announces Director Re-appointment and Releases Q2 Financial Results

Semac Construction Limited Approves Board Outcomes, Announces Director Re-appointment and Releases Q2 Financial Results​

Semac Construction Limited released its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, following a meeting of its Board of Directors held on August 14, 2026. The Board meetings also saw the approval of these financial statements and secured the re-appointment of Mr. Harivansh Dalmia as a Whole Time Director.

The company operates in the Engineering, Procurement, and Construction Services segment.

Governance and Board Decisions​

At the Board meeting on August 14, 2026, directors approved the unaudited financial statements (both standalone and consolidated) for the quarter ending June 30, 2026. The Board also reviewed the reports provided by Statutory Auditors, Suresh Surana and Associates, regarding these results.

Key resolutions approved during the meeting included:

• Approving the date for the 49th Annual General Meeting (AGM) on September 25, 2026, which will be conducted through video/audio conferencing.
• Re-appointing Mr. Harivansh Dalmia as a Whole Time Director of the company.

The re-appointment of Mr. Harivansh Dalmia was made on the recommendation of the Nomination and Remuneration Committee for a term of five years, effective from August 29, 2026, subject to approval by members at the forthcoming AGM. Mr. Dalmia is a qualified Chartered Accountant with experience in Statutory Audit across various sectors, including consumer electronics, refractories, and IT services. The company also noted that Mr. Harivansh Dalmia is related to Abhishek Dalmia, Executive Chairman and Managing Director, and Mrs. Deepali Dalmia, a Director of the Company.

Standalone Financial Performance (Q ended June 30, 2026)​

The unaudited standalone results for the quarter ended June 30, 2026, showed Total Income reaching Rs. 2,757.93 lakhs against Revenue from Operations of Rs. 2,638.89 lakhs. The company recorded Total Expenses of Rs. 2,624.71 lakhs, resulting in a Profit before Tax of Rs. 133.22 lakhs. Net profit after tax for the period was reported at Rs. 72.01 lakhs, with Basic Earnings Per Share standing at Rs. 28 per share.

The company’s operations also involved the acquisition of 50% equity shares from the shareholders of Semac Construction Technologies India Private Limited on June 26, 2025, making that entity a wholly owned Subsidiary Company. Furthermore, the Board noted that while a Scheme of Amalgamation with Semac Construction Technologies India Private Limited was approved in July 30, 2025, and filed with the NCLT, only the First motion application received approval from the National Company Law Tribunal (NCLT) as of March 31, 2026. Consequently, the financial results for the quarter ended June 30, 2026, did not reflect any effect of this merger.

The standalone financials show significant changes compared to previous periods:

Consolidated Financial Performance (Q ended June 30, 2026)​

The consolidated results for the quarter also reflected a Total Income of Rs. 3,197.33 lakhs, down from Rs. 7,557.27 lakhs in Q ended March 31, 2026. Total expenses were reported at Rs. 3,095.80 lakhs. The Group recorded a Net Profit after Tax of Rs. 40.28 lakhs, with Basic Earnings Per Share standing at Rs. 129 per share.

The consolidated financial statements include the results of two entities: one wholly owned subsidiary incorporated in India (Semac Construction Technologies India Private Limited) and one subsidiary company incorporated outside India (Semac and Partner LLC based in Muscat, Oman), which holds a 65% stake.

Key figures for the Group across periods are summarized below:


Management also noted that the Group is monitoring geopolitical developments in the Middle East, but based on initial assessments, expects no material impact on the financial statements for the period ended June 30, 2026.

SEMAC Stock Price Movement​

Today, shares of Semac Construction Limited slipped by 1.26%, concluding the trading session at ₹326. The stock saw limited activity in the post-market period, with a reported volume of 279 shares.