Annual Report 2026

ARTEFACT PROJECTS LTD. Prorect Manag€ment Consultants, Consulting Engineers & Plahners ReSistered & Corpo.ate Office: Block No. 105, 2nd Floor, 'Artefact Towers", Chhatrapati Square, Wardha Road, Nagpur - 440 015, Maharashtra, lndia. Phone : +91 - 712 - 7197100, Fax No. +91- 772 - 7797120, Email : artefactngp@artefactprojects.com, Website: www.artefactproiects com CIN No : l-55910MH19A7PLC044aa7 Ref : APi./2026-27 / 6001 /19 29",.\ugust,2026 BSE Limited P J Towers, Dalal Street, Fort, Mumhai +00 001 Scrip (-odc - 531?97 sub: Notice convening 38th Annual General Meeting (AGM) for the Iiinancial ytar 2o2s-26. I)t,ar Sir/ \4aclam, I)ursuatrt tt, Iiegulatitrn i4(1) ttf Ser:uritres anci Lxchange Boarel of lndia (Listing Obligatiops ancl I)rs,. IrsuIt' ilt't1uirrmcnts) R(]gulations, 2015 ('t-isting, Regulations'1 pleas. lrn.1 r]nck)scLl ht'r.rr rth \()ri( (' .()n\'oning 38rr, Annual Gencral Mccting (AGM) of thr: crmpa.r,, anc.l 1nt( tlr.rt(,d .\nnual llt,port ol the Company for the Irinancial vear 2025_26, which i.; helng dispatchcd t() the ntembers ol the Companv bv permittetl mode(sj. I'lrt' \c\l vlili be he ld o1r I hulsdav, 24rh septcmber, 2026 at 17.30 a.m. (lS l-) at the rt:l]istercd lllrLL Lrl tht' ( rrnrpanr, situateci at IJkrck \o. 105, 2",r Irloor., "Artefact Iorn,ers,,, Chl.rairapah S,.lLr.r r.(,. \\.rrdh.l Roacl, \ agpu r-.1.10015. Iht' \rrtir't, ol :\CN1 along with the Annual Iieport for thr' financral t,car 2025-26 is also hcing, macle available on the website of the Companv at w \'\'\,\,. a Ite lact r1) cats.rt()m Kinlilv take thc above on your record. I ha Irkrng r" or"r, You rs Iaithlu llt,, lior Artefact Projects Limited l(ani Ma*ftshwari ( ompany S\cretary & ('ompliance Officer M. No. A(lS: 54149 Artefact Projects Limited Excellence in Infrastructure services CONTEN T 3 Highlights at a Glance 48 Report on Corporate Governance 6 Notice 70 Shareholders Reference 16 Letter from Director 79 Auditors Report 18 Board’s Report 92 Financial Statements 44 Management Discussion & 120 Attendance Slip Analysis Report Artefact Projects Limited Excellence in Infrastructure services 5 YEAR’S PERFORMANCE AT A GLANCE: (Rs.in Lacs) 2021-22* 2022-23* 2023-24* 2024-25* 2025- FINANCIAL YEAR 2026 REVENUES : Gross Receipts from operations 2357.09 1816.66 2417.00 3004.62 3225.18 Other Income 352.77 369.85 436.99 387.64 388.86 Total Income (Excluding GST) 2709.86 2186.51 2853.99 3392.26 3614.04 EXPENDITURE: Operating and Administrative Expenses 1863.32 1471.72 2128.06 2343.80 2722.01 Operating Profit (EBDTA) 846.54 714.79 725.93 1048.46 892.03 Finance Cost 238.64 198.02 166.49 167.04 163.70 Depreciation 57.00 49.80 38.81 41.95 43.28 Exceptional items (Previous Year 181.34 0.57 14.17 -3.93 items/Profit on sale of Assets) PBT 550.89 648.31 521.20 853.65 681.12 Tax 137.37 113.89 -2.12 110.61 158.51 PAT 413.53 534.42 523.32 743.03 522.61 Other Comprehensive Income (Net of 32.83 19.41 9.88 1.13 7.65 Tax) Total Comprehensive Income for the 446.36 553.83 533.20 744.16 530.25 period Dividend per share proposed (Rs.) NIL NIL NIL 0.50 Paise NIL * Standalone figures. BALANCE SHEET: (Rs.in Lacs) FINANCIAL YEAR 2021-22* 2022-23* 2023-24* 2024-25* 2025-26* ASSETS Net Block- Fixed Asset-Own 1571.14 1181.64 1187.49 1324.47 1368.70 Investments (Incl. JVs) 1319.34 1306.00 1306.00 16.00 8.52 Long Term Loans and Advances ----- ----- ----- 3200.53 3200.00 Other Non-Current Assets 89.51 59.56 184.70 219.33 430.30 Net Current Assets 4066.12 4502.80 4545.42 3451.76 3448.09 Miscellaneous Expenditure (to the extent ----- ----- ----- ---- not w/off) TOTAL ASSETS 7046.11 7050.00 7223.61 8212.09 8455.61 LIABILITIES Equity Share Capital 727.50 727.50 727.50 727.50 727.50 Reserves & Surplus 4284.36 4838.18 5201.45 5840.09 6334.05 Application Money Pending Allotment ----- ----- ----- ----- Convertible Share Warrants ----- ----- ----- ----- TOTAL NET WORTH 5011.86 5565.68 5928.95 6567.59 7061.55 Minority Interest ----- ----- ----- ----- Secured Loans 1733.03 1179.44 1007.97 1382.87 1139.44 Unsecured Loans ----- ----- ----- ----- Deferred tax liability (Reserves) 269.73 283.62 264.75 232.02 216.55 Other Long Term Liabilities ----- ----- ----- ----- Long Term Provisions 31.49 21.26 21.94 29.61 38.07 TOTAL LIABILITY 7046.11 7050.00 7223.61 8212.09 8455.61 * Standalone figures Artefact Projects Limited Excellence in Infrastructure services FINANCIAL RATIOS: PARTICULARS 2022 2023 2024 2025 2026 Operating Ratio 35.91% 31.13% 42.41% 37.16% 32.69% PBIDT Ratio 31.24% 40.98% 25.46% 31.33% 24.57% PBT Ratio 23.37% 35.69% 21.56% 28.41% 21.12% PAT Ratio 15.26% 24.44% 18.34% 21.91% 14.67% Net Worth 5011.86 5565.68 5928.95 6567.59 7061.55 Return on Equity (PBT/Equity) 10.99% 11.65% 8.79% 13.00% 9.65% Interest Coverage Ratio 3.11 4.05 4.44 5.71 4.50 Debt Equity Ratio (Secured Loan/Equity) 0.37 0.21 0.17 0.22 0.22 EPS (Basic)* 6.14 7.61 7.33 10.23 7.29 EPS (Diluted)* 6.14 7.61 7.33 10.23 7.29 Previous year’s figures have been regrouped/ rearranged/ reclassified wherever required. * EPS is calculated after considering the effect of Goodwill and Minority Interest. Artefact Projects Limited Excellence in Infrastructure services Net Receipts from Operations 3,500.00 3,225.18 3,004.62 3,000.00 2,500.00 2,357.09 2,417.00 2,000.00 1,816.66 1,500.00 1,000.00 500.00 0.00 2021-22 2022-23 2023-24 2024-25 2025-26 8000 7000 6000 5000 4000 3000 2000 1000 2021-22 2022-23 2023-24 2024-25 2025-26 Net Worth 5011.86 5565.68 5,928.95 6567.59 7061.55 eltiT sixA Net Worth Artefact Projects Limited Excellence in Infrastructure services ARTEFACT PROJECTS LIMITED CIN: L65910MH1987PLC044887 Reg. Office: Block No. 105, 2nd Floor, Artefact Towers, 54/3, Chhatrapati Square, Wardha Road, Nagpur-440015 Tel: +91712-7197100 Fax: +91712-7197120 Email: shareholders@artefactprojects.com Website: www.artefactprojects.com N O T I C E Notice is hereby given that the 38th (Thirty Eighth) Annual General Meeting (AGM) of the members of the Company will be held on Thursday, 24th September 2026 at 11.30 AM at the Registered Office of the company at Block No. 105, 2nd Floor, “Artefact Towers”, Chhatrapati Square, Nagpur-440015 to transact the following business: ORDINARY BUSINESS: 1. To receive, consider and adopt the Audited Financial Statements of the Company for the year ended 31st March, 2026 together with the Board’s Report and Auditor’s Report thereon; The Audited Financial Statements of the Company for the financial year ended 31st March, 2026, comprising the Balance Sheet as at 31st March, 2026, the Statement of Profit and Loss and Cash Flow Statement for the financial year ended on that date, together with the Notes forming part thereof, along with the Board’s Report and Auditors’ Report thereon, are placed before the Members for consideration and adoption at the Annual General Meeting of the Company. 2. To appoint a Director in place of Mrs. Ankita Shah (DIN: 06772621), Director who retires by rotation and being eligible, offers herself for re-appointment; Mrs. Ankita Shah (DIN: 06772621), who is liable to retire by rotation at the Annual General Meeting, being eligible, has offered herself for re-appointment as a Director of the Company. The Members are accordingly requested to consider and approve her re-appointment. Place: Nagpur By Order of the Board of Directors of Date:29/08/2026 Artefact Projects Limited Sd/- Mr. Siddharth Shah Whole- Time Director DIN: 05304116 Registered Office: Block No. 105, 2nd Floor, "Artefact Towers", 54/3, Chhatrapati Square, Wardha Road, Nagpur - 440 015 Maharashtra Artefact Projects Limited Excellence in Infrastructure services NOTES: 1. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE MEETING IS ENTITLED TO APPOINT ONE OR MORE PROXIES TO ATTEND AND VOTE, IN CASE OF POLL ONLY, ON HIS/HER BEHALF AND THE PROXY NEED NOT BE A MEMBER OF THE COMPANY. THE PROXY FORMS IN ORDER TO BE VALID, SHOULD BE DULY COMPLETED, STAMPED AND SIGNED AND MUST BE LODGED AT THE REGISTERED OFFICE OF THE COMPANY NOT LATER THAN 48 HOURS BE [Showing first 8,000 characters — download PDF for full document]