Petron Engineering Construction Limited announced audited earnings results for the year ended March 31, 2016. For the year, the company reported total revenue was INR 4,261,561,636 against INR 4,218,559,462 a year ago. Profit before interest, depreciation and taxes were INR 370,403,541 against INR 400,199,614 a year ago. EBITDA was INR 344,695,677 against INR 391,859,414 a year ago. Net cash flow from operating activities was INR 392,978,445 against INR 378,358,147 a year ago. Purchase of fixed assets was INR 17,009,293 against INR 27,488,509 a year ago.

The company announced at the AGM held on September 23, 2016 has approved the amendment to the articles of association of the company - granting Employee Stock Option. The following is the Article 10A inserted after Article 10 of the Articles of Association of the company: Article 10A: To grant Employee Stock Option in accordance with the provisions of the Companies Act, 2013 and as may be permitted by the Securities and Exchange Board of India (SEBI) and other applicable acts Rules as the case may be and authorizing the Board of Directors of the company to formulate Employees Stock Option Scheme for allotment of shares to the employees in terms of the provisions of the Companies Act, 2013 and SEBI Guidelines as issued from time to time.