Constronics Infra Ltd — Updates, 05-06-2025: Company Update

Constronics Infra Limited has announced a board meeting on 19th May 2025 to consider the financial results for the quarter and half-year. The audited results show total income of Rs 5,097.45 lakhs and net profit of Rs 313.88 lakhs. However, the auditor issued a qualified opinion due to Rs 5.87 lakhs cash seized by an investigating agency, for which no provision was made; accounting for this would slightly reduce profit before tax. The company has issued 30,09,899 convertible warrants exercisable at Rs 110 each within 18 months and utilized part of the proceeds to invest in a solar power plant via an SPV. Shareholders were allotted equity shares on a preferential basis for Rs 26.6 Cr, proceeds used mainly to repay project debts. There are no pending investor complaints, and internal controls were assessed as adequate.