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Anup Engineering Shareholders Approve ESOP 2019 Amendments with 99.99% Majority
Shareholders of The Anup Engineering Limited have overwhelmingly approved three special resolutions regarding the 'Anup - Employee Stock Option Scheme 2019'. The approved changes allow the scheme to be administered through an irrevocable employee welfare trust and permit the secondary acquisition of shares via this trust. Approximately 99.99% of the 12.9 million votes polled were in favor of these resolutions. This move is designed to streamline employee incentives and improve long-term talent retention through a structured trust mechanism.
Key Highlights
Amendment of ESOP 2019 to allow administration through an irrevocable employee welfare trust.
Approval for secondary acquisition of shares through the Trust route for ESOP implementation.
Authorization for the company to provide funds to the trust for acquiring its own shares.
All three special resolutions passed with over 99.99% of total votes polled in favor.
A total of 12,904,915 votes were cast during the postal ballot period ending March 11, 2026.
💼 Action for Investors
Investors should view this as a positive governance step that aligns employee interests with long-term company performance. No immediate portfolio action is required as these are standard administrative updates to incentive schemes.
The Anup Engineering to Acquire 8 Lakh Shares via New ESOP Trust Route
The Anup Engineering Limited has issued a postal ballot notice to amend its 2019 Employee Stock Option Scheme (ESOS) to allow administration through an irrevocable employee welfare trust. The company seeks approval for the secondary acquisition of up to 8,00,000 equity shares through this trust to fulfill ESOP obligations. To facilitate this, the company plans to provide interest-free loans to the trust, capped at 5% of its paid-up capital and free reserves. This transition to a trust-based model with secondary market purchases helps prevent equity dilution for existing shareholders.
Key Highlights
Proposed secondary acquisition of up to 8,00,000 equity shares through the newly formed Anup ESOP Trust
Total shares for ESOS 2019 implementation capped at 8,72,500 fully paid-up equity shares
Company to provide interest-free funding to the trust up to 5% of aggregate paid-up capital and free reserves
E-voting period for shareholders is set from February 10, 2026, to March 11, 2026
Amendment of the Exercise Price Clause to align with market price standards for future grants
💼 Action for Investors
Investors should support the resolution as the trust-based secondary acquisition model is a shareholder-friendly way to manage ESOPs without diluting equity. Monitor the execution of share purchases which may provide some technical support to the stock price.
Anup Engineering Shareholders Approve Kulin S. Lalbhai as Non-Executive Director
Shareholders of The Anup Engineering Limited have officially approved the appointment of Mr. Kulin S. Lalbhai as a Non-Executive Director through a postal ballot process. The ordinary resolution was passed with an overwhelming majority, receiving 99.88% of the total votes cast. A total of 12,737,256 votes were polled, representing approximately 63.59% of the total shares held by eligible members. The appointment is effective from February 6, 2026, following the conclusion of the e-voting period.
Key Highlights
Ordinary resolution for the appointment of Mr. Kulin S. Lalbhai passed with 99.8758% votes in favor.
Total votes polled amounted to 12,737,256 out of a total shareholding of 20,031,466.
Promoter group provided 100% support for the resolution with 8,187,506 votes in favor.
Public Institutions supported the move with 99.55% of their 3,448,683 votes cast in favor.
The resolution is deemed passed as of February 6, 2026, the final date of the voting period.
💼 Action for Investors
This is a routine corporate governance update and requires no immediate action from investors. The strong shareholder support reflects confidence in the board's leadership and strategic direction.
Anup Engineering Reports 20.5% Revenue Growth in Q3 FY26; Orderbook at ₹550 Crore
The Anup Engineering Limited reported a strong 20.5% YoY revenue growth for Q3 FY26, reaching ₹206.9 crore. While EBITDA grew 13% to ₹44.1 crore, PAT declined 10.8% to ₹26.9 crore primarily due to higher interest costs and tax-related base effects. The company maintains a healthy order book of ₹550 crore and a robust inquiry pipeline of ₹1,100 crore, supporting its 15-20% growth guidance for FY26. Strategic expansion continues with the commissioning of Phase-2(B) at the Kheda plant and a new entry into the nuclear energy sector.
Key Highlights
Q3 FY26 revenue increased 20.5% YoY to ₹206.9 crore, with 9M FY26 revenue up 20.2% to ₹614.4 crore.
EBITDA margins remained healthy at 21.3% for the quarter, aligning with the management's 20-22% guidance.
Pending order book stands at ₹550 crore as of January 2026, with a massive ₹1,100 crore inquiry pipeline.
Kheda plant Phase-2(B) commissioned, enhancing the plant's total revenue potential to ₹450 crore per annum.
Successfully entered the nuclear energy sector with an order win from a major Indian EPC company.
💼 Action for Investors
Investors should focus on the company's successful capacity expansion at Kheda and its entry into high-barrier sectors like nuclear energy. The strong inquiry pipeline suggests high revenue visibility for FY27, making it a solid growth play in the heavy engineering space.
Anup Engineering 9M FY26 Revenue Grows 20% to ₹614 Cr; Forays into Nuclear Sector
The Anup Engineering reported a steady 20% YoY revenue growth for 9M FY26, reaching ₹614 Crore, with EBITDA margins remaining healthy at 22.1%. A significant milestone is the company's first order win in the Nuclear energy sector, diversifying its portfolio beyond traditional Oil & Gas and Petrochemicals. The order book stands at ₹550 Crore, supported by a robust inquiry pipeline of ₹1,100 Crore. Additionally, the commissioning of Phase-2(B) at the Kheda plant in January 2026 enhances future revenue potential to ₹450 Crore.
Key Highlights
9M FY26 Consolidated Revenue grew 20% YoY to ₹614 Crore with EBITDA of ₹136 Crore
Maintained strong EBITDA margins at 22.1%, aligning with management guidance of 15-20% growth
Secured first order in the Nuclear energy segment, marking a strategic entry into high-end technology
Consolidated order book at ₹550 Crore with a healthy inquiry pipeline of ₹1,100 Crore
Kheda Plant Phase-2(B) commissioned in Jan 2026, boosting plant revenue potential to ₹450 Crore
💼 Action for Investors
Investors should monitor the execution of the new Nuclear sector order and the ramp-up of the Kheda plant expansion. The company's steady growth and strong inquiry pipeline suggest a positive outlook for FY27.
Anup Engineering Q3 Revenue Up 12.6% YoY to ₹192.6 Cr; PAT Dips to ₹24.7 Cr
The Anup Engineering reported a 12.6% year-on-year growth in standalone revenue for Q3 FY26, reaching ₹192.57 crore. However, Profit After Tax (PAT) declined by 21% YoY to ₹24.72 crore, primarily impacted by a significant surge in finance costs and a one-time exceptional item. The exceptional charge of ₹1.31 crore (net of tax) relates to provisions for the New Labour Codes. While the nine-month revenue shows a healthy 18% growth, the bottom line remains under pressure due to higher operational and interest expenses.
Key Highlights
Standalone Revenue from operations grew 12.6% YoY to ₹192.57 crore in Q3 FY26.
Net Profit (PAT) for the quarter stood at ₹24.72 crore, down from ₹31.37 crore in Q3 FY25.
Finance costs increased sharply to ₹3.26 crore from ₹0.68 crore in the corresponding quarter last year.
Recognized an exceptional item of ₹130.52 lakhs (net of tax) due to the implementation of New Labour Codes.
Nine-month revenue for FY26 reached ₹594.64 crore, representing an 18% growth over the previous year.
💼 Action for Investors
Investors should monitor the company's ability to manage rising finance costs and maintain margins amidst regulatory changes. While top-line growth is positive, the contraction in profitability warrants a cautious approach until operational efficiency improves.