Matrix Geo Solutions Limited (MGSL)
Latest quarterly results (H2 FY26)
MGSL delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 75.0% of the MGSL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 78.94%. That is close to its usual level. Turnover was only ₹3 lakh, so a handful of trades can move this figure. Volume was 0.2 times its average, well below normal.
Delivery in the last 5 sessions: 100.0% · 41.7% · 81.8% · 100.0% · 75.0%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Matrix Geo Solutions Limited announced the voting results of its 18th Annual General Meeting held on September 10, 2026. All three resolutions were passed with 100% of the 99,79,582 votes polled cast in favor. Key resolutions included the adoption of financial statements, director reappointment, and a special resolution approving a variation in the objects of the IPO alongside the reallocation of unutilised IPO proceeds.
- All 3 resolutions passed unanimously with 100% votes in favor (99,79,582 votes polled)
- Special resolution passed approving variation in IPO objects and reallocation of unutilised IPO proceeds
- Total of 559 shareholders on record date (September 3, 2026); 12 shareholders attended via VC
- Promoter group cast 98,37,798 votes and non-institutional public cast 1,41,784 votes, with zero votes against
Matrix Geo Solutions Limited (MGSL) announced the voting results of its 18th Annual General Meeting held on September 10, 2026. All three resolutions were approved with 100% unanimous votes polled (9,979,582 votes). The approved items include adoption of financial statements, director reappointment, and a special resolution approving a variation in the terms of the IPO objects along with reallocation of unutilised IPO proceeds. Total participation stood at 12 shareholders representing 9,979,582 shares via remote e-voting out of 559 shareholders on the record date.
- Special resolution to vary IPO objects and reallocate unutilised proceeds passed with 100% majority (9,979,582 votes)
- Adoption of financial statements and reappointment of retiring director both passed with 100% votes in favour
- Total of 9,979,582 votes polled across 12 shareholders (9,837,798 promoter and 141,784 public non-institutional)
- Record date for shareholder eligibility was September 03, 2026, covering 559 total shareholders
Matrix Geo Solutions Limited concluded its 18th Annual General Meeting on September 10, 2026, where all three proposed resolutions were approved unanimously. Crucially, shareholders passed a special resolution approving a variation in the terms of the objects of its Initial Public Offer (IPO) and the reallocation of unutilised IPO proceeds. Total valid votes polled stood at 9,979,582 shares across 12 participating members (6 promoter group, 6 public non-institutional), with 100% of votes cast in favour.
- 100% approval (9,979,582 votes in favour, 0 against) across all 3 AGM resolutions
- Special resolution passed approving variation in IPO objects and reallocation of unutilised proceeds
- AGM attendance comprised 12 shareholders via video conferencing (6 promoter group, 6 public)
- Total shareholder count on the cut-off date of September 3, 2026 was 559
Matrix Geo Solutions Limited (MGSL) has been awarded a 3-year Annual Rate Contract (ARC) by Adani Infra to provide geospatial, LiDAR, surveying, and mapping services. The engagement covers drone-based aerial surveys, 3D mapping, GIS solutions, and digital terrain modelling across various Adani Group infrastructure projects. However, the company explicitly clarified that this ARC is a framework agreement without any fixed minimum order value or guaranteed revenue commitment, with actual inflows dependent on project-specific work orders.
- Awarded a 3-year Annual Rate Contract (ARC) by Adani Infra on 01 September 2026
- Scope includes LiDAR surveying, drone-based aerial mapping, photogrammetry, GIS, and asset intelligence
- Contract is an enabling framework without any guaranteed minimum order value or committed revenue
Matrix Geo Solutions Limited responded to an NSE query dated August 21, 2026, regarding significant movement in the price of its equity shares. The company clarified that it has made all necessary disclosures under Regulation 30 of SEBI LODR Regulations in a timely manner. It confirmed that no undisclosed material event or price-sensitive information is pending, stating the price movement is purely market-driven.
- Clarification submitted in response to NSE communication dated August 21, 2026
- Company confirmed compliance with Regulation 30 of SEBI LODR Regulations
- Stated that recent share price movement is purely market driven
- No undisclosed material information or price-sensitive event exists
Matrix Geo Solutions Limited has announced the receipt of an experience/completion certificate from RITES Limited for a topographic survey and utilities mapping assignment. The contract, executed for a total value of ₹2,82,64,571 (inclusive of GST), was completed on April 11, 2025, and covers five highway stretches totaling approximately 314 km across Haryana. The completion certificate was officially issued by RITES on August 21, 2026, confirming satisfactory project delivery.
- Executed contract value stands at ₹2,82,64,571 (including GST)
- Project covered 5 road sections totaling approximately 314 km across Haryana
- Assignment completed on 11.04.2025, with completion certificate received on 21.08.2026
- Scope included Aerial/Mobile LiDAR, UAV surveys, GPR utilities mapping, and cadastral map digitization
Matrix Geo Solutions Limited has scheduled its Annual General Meeting (AGM) for Thursday, September 10, 2026. The Register of Members and Share Transfer Books will remain closed from September 3, 2026, to September 10, 2026 (both days inclusive) for the purpose of the AGM. The cut-off date to determine shareholder eligibility for remote e-voting is Thursday, September 3, 2026.
- Annual General Meeting scheduled to be held on Thursday, September 10, 2026.
- Book closure period set from September 03, 2026 to September 10, 2026 (both days inclusive).
- Remote e-voting cut-off date fixed as Thursday, September 03, 2026.
Matrix Geo Solutions Limited has convened its 18th Annual General Meeting for September 10, 2026. A key agenda item is a Special Resolution to vary the objects of its IPO and reallocate ₹9.00 crore out of ₹12.42 crore in unutilized proceeds originally designated for drone and survey equipment purchases. Under the proposal, ₹8.00 crore will be redirected towards working capital requirements and ₹1.00 crore towards general capital expenditure. The remaining ₹3.42 crore will stay allocated to original issue objects, with exit opportunities offered to eligible dissenting shareholders per SEBI ICDR rules.
- Proposes reallocation of ₹9.00 crore out of ₹12.42 crore unutilized IPO proceeds
- Allocates ₹8.00 crore towards working capital requirements and ₹1.00 crore towards capex
- Retains ₹3.42 crore for original objects of purchasing new drones and survey equipment
- 18th AGM scheduled for September 10, 2026, with remote e-voting cut-off on September 03, 2026
Matrix Geo Solutions Limited's Board has approved a proposal to vary its IPO objects and reallocate ₹9.00 Crore out of ₹12.42 Crore unutilized IPO proceeds. The company plans to deploy ₹8.00 Crore towards working capital requirements and ₹1.00 Crore towards capital expenditure, while ₹3.42 Crore will remain allocated to original equipment and drone purchases. The proposal is subject to shareholder approval via special resolution at the upcoming 18th Annual General Meeting on September 10, 2026. In accordance with SEBI ICDR regulations, an exit opportunity will be extended by promoters/controlling shareholders to eligible dissenting investors.
- Reallocation of ₹9.00 Crore out of ₹12.42 Crore unutilized IPO funds proposed for approval
- ₹8.00 Crore redirected to Working Capital Requirements and ₹1.00 Crore to Capital Expenditure
- ₹3.42 Crore retained under original objects (Purchase of Drones and Survey Equipment)
- Exit opportunity under SEBI ICDR Regulation 281A to be provided to eligible dissenting shareholders
- 18th AGM scheduled for September 10, 2026, with cut-off date set as September 3, 2026
Matrix Geo Solutions Limited (MGSL) has secured a specialized contract from Northeast Frontier Railway for drone-based inspection of 25 kV Overhead Equipment (OHE). The project involves visual, thermal, and geometrical assessments within the Lumding Division to improve maintenance efficiency and safety. While the specific value of this individual contract is not disclosed, the company reported securing ₹6.41 crore in new orders during Q1 FY27. This win demonstrates MGSL's technical capability in the Drone-as-a-Service (DaaS) niche for critical infrastructure.
- Awarded LoA by Northeast Frontier Railway for drone-based 25 kV OHE inspection
- Scope includes visual, thermal, and geometrical inspection in Lumding Division
- Company secured ₹6.41 crore in new orders during Q1 FY27 across multiple sectors
- Project utilizes high-resolution aerial and thermal data for infrastructure monitoring
Financial Performance
Financial analysis data not yet available for this company.
Operational Drivers
Operational analysis data not yet available for this company.
Strategic Growth
Products & Services
Aerial Drone/UAV Photography, Digital Mapping, Photogrammetry, LiDAR, Survey, GIS, and Engineering Consultancy.
Brand Portfolio
Matrix Geo Solutions Limited (MGSL)
External Factors
Industry Trends
The company operates in the geospatial and drone technology sector, which is evolving through increased adoption of UAV Photography and LiDAR for digital mapping and engineering consultancy. However, specific growth percentages for the industry are not disclosed in the documents.
Regulatory & Governance
Industry Regulations
The company is subject to regulations governing drone operations and geospatial data collection in India. Specific operational standards or pollution norms are not detailed in the provided documents.
Risk Analysis
Risk analysis not yet available for this company.
