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RKEC Projects Limited 21st ANNUAL GENERAL MEETING to be held on 30th September 2026 at 3:30 P.M. IST Through Video Conferencing (“VC”) / Other Audio-Visual Means (“OVAM”) REGISTERED OFFICE #10-12-1, 3rd Floor, Rednam Alcazar Rednam Gardens Opp. SBI Main Branch, Visakhapatnam – 530002, Ph: 0891-2574517, Tele Fax: 0891-2574703 Email: info@rkecprojects.com Web: www.rkecprojects.com TABLE OF CONTENTS RKEC PROJECTS LIMITED 21st Annual Report Sl. No. PARTICULARS PAGE No.(s) 1 Corporate Information 3 - 11 2 Glimpses of the Company 12 - 38 3 Chairman’s Speech 39 - 41 4 Notice of the 21st Annual General Meeting (AGM) 42 - 53 5 Director’s Report 54 - 68 6 Annexure to Directors Report 69 - 117 7 Standalone Financials & Audit Report a) Auditor’s Report 118 - 122 b) Financials 123 - 210 8 Consolidated Financials & Audit Report a) Auditor’s Report 211 - 225 b) Financials 226 - 285 RKEC PROJECTS LIMITED 21st Annual Report  Shri G Radhakrishna……………………………… Chairman  Shri R Jayachandran…………………………… Managing Director  Shri G V Rama Mohan……………………. WTD/Chief Operating Officer  Smt G Parvathi Devi……………………………Whole Time Director  Vice Admiral Satish Soni……………………… Independent Director PVSM, AVSM, NM (Retd)  Brig J Kameswara Rao………………………… Independent Director  Lt. Gen PR Kumar (Retd)……………………. Independent Director  Dr. Lucas Peter Thalakala (till 23.06.2026) …. Independent Director  Smt. Jeevan Jyoti Volla (Since 10.08.2026)… Independent Director  Shri Sobhag Mal Jain………………………… Independent Director Key Managerial Personnel RKEC PROJECTS LIMITED 21st Annual Report Shri G Radhakrishna Chairman Shri R Jayachandran Managing Director/CFO Company Secretary & Deepika Rathi Compliance Officer Company Secretary & Vijay Jonnada (Since 19.06.2026) Compliance Officer Statutory Auditors Secretarial Auditor M/s SARC & Associates M/s Mehta and Mehta Chartered Accountants Practicing Company Secretaries Cost Auditor Internal Auditor M/s Uppalapati & Associates, LLP M/s. Ashish Kumar Agarwal & Co. Bank of Baroda Bankers Bandhan Bank ICICI Bank Catholic Syrian Bank Registrar & Share Transfer Registered Office Bigshare Services Private Limited CIN: L43900AP2005PLC045795 1st Floor, Bharat Tin Works Building, 10-12-1, Rednam Alcazar, Rednam Gardens Vasant Oasis, Makwana Road, Marol, Opp. SBI Main Branch, Visakhapatnam Andheri East, Mumbai 400059, Maharashtra PIN-530002, Andhra Pradesh, India VISION RKEC PROJECTS LIMITED 21st Annual Report To be the most admired and responsible DIVERSIFIED company dealing in Integrated Marine and all-purpose construction and also to diversify into areas such as Rural Electrification, National Highways, Smart City Projects, Firefighting system and Pipeline projects with a National and International footprint, delivering sustainable value to all stakeholders. MISSION / OVERARCHING GOALS To provide world class products and services by consistently meeting customer’s expectations, quality and on-time delivery thus earning professional respect of customers and competitors. Achieve sustainable business growth by value creation through continuous innovation in capabilities, products and services while leveraging technology delivered by ‘best in environment professionals’ whilst constantly remaining agile and adaptable. Follow fair, transparent and ethical practices and encourage a culture of empathy, safe and healthy work environment, people empowerment as well as protection of environment and natural resources. Practice ‘Leadership by Example’ and inculcating self-accountability, by pursuing best practices on Care for our Environment, Community, Customers, Shareholders, People and creating a culture that will reinforce our values Work to understand the needs and requirements of our clients before proposing a solution. MAKE A DIFFERENCE BY:  Developing responsive proposals that provide cost-effective solutions to our clients need.  Deploy the right mix of professionals and products to deliver value-added services and solutions to our clients.  Follow-up on the quality of our services and solutions to our clients.  Appreciate the trust that our clients put in us as we work with them to improve their business.  Ensure continuous profitably across our core competence and allied areas, by focussed and aggressive marketing. RKEC PROJECTS LIMITED 21st Annual Report  Become the lead adopter of technology with a spirit of pioneering and calculated risk taking.  Enable employees and associates to achieve and unleash their full potential to deliver outcomes in a sustainable way. VALUES Our Values are our Backbone and mean EVERYTHING to us  Integrity and Honesty - Our commitment and integrity to be irreproachable, our honesty sacrosanct even if required to present hard truths.  Safety - Safety is a core value over which no business objective can have a higher priority.  Agility and Adaptability - Speed, Responsiveness and Proactive approach, achieved through leadership from the top, non-linearity of thought and action, collaboration and empowering employees. Staying ahead of the technological, marketing and management loop.  Care and Respect - Care for Stakeholders, the Environment, Customers & Shareholders – both existing and potential, and our employees and partners.  Diligence - Do everything (planning, preparation, deployment of assts, analyse, execute, review, mitigate risks etc) with a thoroughness that delivers quality and excellence on time in all areas.  Passion, Ambition and Innovation: We enjoy what we do, work with passion in an innovative manner using ‘out of box’ solutions were required, and our ambition will enthuse our clients to excel. RKEC PROJECTS LIMITED 21st Annual Report BUSINESS SEGMENTS MARINESTRUCTURES BRIDGE CONSTRUCTION ROADS &BUILDINGS RKEC PROJECTS LIMITED 21st Annual Report OUR CLIENTELE RKEC PROJECTS LIMITED 21st Annual Report BUSINESS VOLUME: Rs. 4913 Cr Works Executed : 2529 Crores 7% Marine Bridges Buildings & Infrastructure Electrical & Firefighting RKEC PROJECTS LIMITED 21st Annual Report Works In Progress : 2384 Crores 3% Marine Structures Bridges Buildings & Other works Electrical & Firefighting Roads REVENUE STATEMENT Amount In (Rs. In Cr) As At Particulars 31-03-2022 31-03-2023 31-03-2024 31-03-2025 31-03-2026 Total Sales 210.81 303.67 344.66 405.86 186.12 Total Expenses 201.63 276.21 316.49 375.87 233.53 EBIDTA 25.25 46.47 50.85 58.32 -13.25 EBIT Margin % 11.98 15.30 14.75 14.37 -7.41 RKEC PROJECTS LIMITED 21st Annual Report PBT 9.18 27.13 28.17 29.99 -47.41 PBT Margin % 4.35 8.93 8.17 7.39 -25.48 PAT Margin % 2.98 4.05 5.77 4.94 -18.66 RECOGNITION OF OUR EXCELLENCE Awarded as “Excellence in generating Listing Ceremony of RKEC on NSE Emerge Employment” by Visakhapatnam Chamber platform by Special invitee - Sri Sri Ravi of Commerce and Industry in 2018 Shankar ji CLIENT TESTIMONIALS RKEC is a synonym of professionalism. Their team from the top level management to the lowest level supervisor all are thorough professionals “Resourceful firm having expertise in for which is quite evident from the quality Marine work” of work & other deliverables” Mumbai Port Trust DGNP, Indian Navy, Visakhapatnam RKEC PROJECTS LIMITED 21st Annual Report GLIMPSES OF MAJOR ONGOING PROJECTS “CONSTRUCTION OF NEW 4-LANE BRIDGE (2 X 12.5M WIDE TWIN TWO LANE STRUCTURES) OVER RIVER GANGA AT DOWNSTREAM OF FARAKKA BARRAGE” Work Value: Rs. 65,150 Lakhs Client: NHAI, WB Target for Completion: 31 Aug 2025 Physical Progress : 97.55% RKEC PROJECTS LIMITED 21st Annual Report “PROVISION OF 03 LANE SLIPWAY 500 TON CAPACITY AT PORT BLAIR” Work Value: Rs. 32,025 Lakhs Client: MES Target for Completion: 31 Mar 2027 Physical Progress :82.33% RKEC PROJECTS LIMITED 21st Annual Report “DEVELOPMENT OF FISHERY HARBOUR AT VERAVAL (PHASE-II) DIST. GIR- SOMNATH. PACKAGE-1. MARINE WORKS (PART A- MARINE STRUCTURES AND RECLAMATION, PART B- DREDGING PART D- REPAIR OF EASTERN AND WESTERN BREAKWATER, DEMOLITION AND DEBRIS REMOVAL)” Work Value: Rs.41,578 Lakhs Cli [Showing first 8,000 characters — download PDF for full document]