Expo Gas Containers Ltd — Updates, 21-06-2025: Company Update

Expo Gas Containers Limited has announced a board meeting on 29 May 2025, approving the financial results for the quarter and half-year ended 31 March 2025, reporting a profit of Rs. 156.68 lakh for the quarter and Rs. 518.29 lakh for the year. The company is issuing 31,45,715 convertible warrants at Rs. 70 each, aggregating to Rs. 22.02 Cr, to promoters and non-promoters, subject to shareholder approval. The name change to Expo Engineering and Projects Limited was approved, along with an increase in Managing Director Hasanain S. Mewawala’s annual remuneration to Rs. 30 lakh, effective 1 April 2025, pending shareholder consent. Mr. Sunil Sawant has been appointed Internal Auditor for FY 2025-26. The standalone audit report from K. S. Shah & Co. carries an unmodified opinion, confirming adequate internal financial controls and no material misstatements or default.