Mega Nirman and Industries Ltd — Updates, 04-08-2025: Company Update

Mega Nirman & Industries, an EV charging solutions provider, has released its annual results, showing a strong turnaround to a profit of ₹0.05 Cr from a previous loss of ₹0.53 Cr, with turnover reaching ₹7.83 Cr. The company's net worth also grew to ₹13.09 Cr. Key upcoming shareholder approvals include a proposed increase in authorized capital from ₹50 Cr to ₹60 Cr to facilitate a rights issue of up to ₹50 Cr. The audit emphasized significant adjustments for the year, including writing off ₹5.60 Cr in trade payables, provisioning for ₹5.83 Cr in trade receivables, and recognizing impairment losses of ₹0.80 Cr on loans and ₹0.20 Cr on investments.