MBL Infrastructure Corporate Presentation FY26

Date: 17th August, 2026

Company Overview

MBL Infrastructure Limited was incorporated in 1995 and listed on BSE & NSE since 2010. Promoters' holding is 74.57%. The company is engaged in execution of civil engineering infrastructure projects including Roads & Highways (Construction, BOT, O&M), Building, Housing & Urban Infrastructure, Railways/Metro and Other Infrastructure. The company has a large fleet of construction equipment.

Registered & Corporate Office: Baani Corporate One, 308, 3rd Floor, Plot No. 5, Commercial Centre, Jasola, New Delhi-110 025

Board of Directors

Mr. Dinesh Kumar Saini (Independent Director) - B.Tech (Civil Engineering) from IIT, Delhi (1985), over four decades of experience in National Highway Projects execution
Mr. Ram Dayal Modi (Independent Director) - Over four decades of experience in Banking and Financial Services with SBI Group
Ms. Megha Singh (Independent Director) - Hons. Graduate in Journalism, Post Graduate Diploma in Advertising & Marketing
Mr. Mukesh Kumar Jain (Independent Director) - M.Tech (Structures) from IIT (Delhi)
Mr. Surender Aggarwal (Executive Director)

Business Overview

Business Segments

Roads & Highways Infrastructure - Construction
Roads & Highways Infrastructure - Maintenance
Building, Housing & Urban Infrastructure
Rail/Metro & Other Infrastructure

Geographical Presence & Clients

National Highways Authority of India (NHAI), Ministry of Roads Transport & Highways of India (MoRTH), Delhi Metro Rail Corporation (DMRC), Madhya Pradesh Road Development Corporation Ltd. (MPRDCL), Bihar State Road Development Corporation (BSRDC), National Building Construction Corporation Ltd. (NBCC), Haryana Urban Development Authority, Mumbai Metropolitan Region Development Authority, Steel Authority of India Limited (SAIL), Central Public Works Department (CPWD), Public Works Department of various States, Municipal Corporation of Delhi (MCDs), Rail Vikas Nigam Limited (RVNL), MP Housing Board, Haryana State Roads & Bridges Development Corporation Limited (HSRDC), Rites Ltd.

Current Projects

Roads & Highways Infrastructure - Construction Projects

Development & Operation of Bikaner-Suratgarh Section of NH-62 (Km. 553/869 of NH-11 to Km. 173/000 of NH-62) in the State of Rajasthan on DBFOT basis for Ministry of Road Transports & Highways - Amount: ₹65,941 Lakhs (Original Scope of Work completed. New change in Scope of work of ₹3454 lakhs in progress)

Roads & Highways Infrastructure - Maintenance Projects

Maintenance of Bikaner-Suratgarh Section of NH-62 (Km. 553/869 of NH-11 to Km. 173/000 of NH-62) in the State of Rajasthan for Ministry of Road Transports & Highways - Amount: ₹22,567 Lakhs
Maintenance of Waraseoni-Lalbarra Road in the state of Madhya Pradesh for M.P.Road Development Corporation Ltd - Amount: ₹598 Lakhs

Current BOT Projects

| Particulars | Waraseoni-Lalbarra Road | Bikaner-Suratgarh |

| Type | Toll & Annuity | Toll |

| Project Cost | ₹7,398 Lakhs | ₹87,355 Lakhs |

| Concession Period (years) | 15 | 16 |

| Toll Start Date | 3rd August 2015 | 17th February 2019 |

| Concession end date | August, 2028 | September, 2029 |

| State | Madhya Pradesh | Rajasthan |

| Awarding Authority | MPRDCL | MoRTH (Through PWD Rajasthan) |

Resolution Plan Approved Under IBC, 2016

The Resolution Plan dated 22nd November 2017 submitted by Mr. A K Lakhotia with 78.50% CoC majority support was approved under IBC, 2016 by Hon'ble NCLT by order dated 18th April 2018. After three rounds of litigation upto Supreme Court, documents for implementation of the approved Resolution Plan by banks have been executed. Date of implementation of the Package/Resolution Plan has been declared by the Banks as 04th September 2024.

The Company has permission to raise Fund Based Facilities of ₹100 crores and Non Fund Based Facilities of ₹250 crores for new contracts against specific charge on receivables/stocks of such contracts.

NCDs

NCDs aggregating to ₹836.74 crores issued to assenting Banks in dematerialized mode (in lieu of earlier NCDs issued). These are repayable in 39 unequated quarterly installments commencing from September 2024 with coupon rate of 0.10% p.a. and Premium of 10% to be paid at the end of 10 years.

Standardization of Account

All the Bank accounts of MBL are 'Standard' and 'Regular' in Corporate Client Group Vertical of Banks.

Equity Infusion

In terms of the Resolution Plan contribution from the Promoters and Promoters Group will be ₹128.19 Cr over a period of three years. The Promoters have already infused ₹111.65 Cr. (₹88.46 crores fresh induction and ₹23.19 crores out of existing dues)

Repayment Schedule of NCDs/ECB/Term Loan/Equipment finance

| 2024 | - | - | 0.125% | 0.125% |

| 2025 | 0.125% | 0.125% | 0.250% | 0.250% |

| 2026 | 0.25% | 0.25% | 0.25% | 0.25% |

| 2027 | 0.25% | 0.25% | 0.25% | 0.25% |

| 2028 | 0.25% | 0.25% | 0.50% | 0.50% |

| 2029 | 1.50% | 1.50% | 3.13% | 3.13% |

| 2030 | 3.13% | 3.13% | 5.50% | 5.50% |

| 2031 | 5.50% | 5.50% | 6.75% | 6.75% |

| 2032 | 6.75% | 6.75% | 9.00% | 9.00% |

Financial Highlights

Profit & Loss Statement (Consolidated)

| Particulars (In Crs) | FY24 | FY25 | FY26 |

| Revenue from Operations | 36.29 | 38.21 | 39.79 |

| Other Income* | 3.50 | 1.58 | - |

| Total Revenue | 39.79 | 39.79 | 39.79 |

| Profit/(Loss) Before Tax | (5.25) | (3.84) | (22.32) |

| Profit/(Loss) After Tax | (5.25) | (3.84) | (22.32) |

*Includes other income. The figures are not comparable as the operations of the Company were not normal from 30th March 2017 till 04th September 2024 due to CIRP under IBC, 2016.

Balance Sheet (Consolidated)

LIABILITIES (In Crs)

| Particulars | FY24 | FY25 | FY26 |

| Equity Share Capital | 104.75 | 122.53 | 152.53 |

| Other Equity | 642.02 | 825.79 | 803.47 |

| Total Equity | 746.77 | 948.32 | 956.00 |

| Borrowings | 901.25 | 639.49 | 683.34 |

| Trade Payables | 10.83 | 3.21 | 2.87 |

| Provisions | 36.73 | 17.75 | 14.11 |

| Other Non Current Liability | 347.59 | 328.79 | 281.44 |

| Borrowings | 135.00 | 315.35 | 304.99 |

| Trade Payables | 2.99 | 3.83 | 4.44 |

| Other Financial Liability | 573.78 | 637.95 | 613.29 |

| Other Current Liability | 79.74 | 74.34 | 81.30 |

| Provisions | 51.15 | 30.50 | 7.83 |

| TOTAL | 2885.83 | 2999.53 | 2949.61 |

ASSETS (In Crs)

| Particulars | FY24 | FY25 | FY26 |

| Property, Plant & Equipment | 42.07 | 43.97 | 40.32 |

| Goodwill | 15 | 16.38 | 16.89 |

| Other Intangible Assets | 625.47 | 572.21 | 521.70 |

| Trade Receivables | 1656.73 | 1883 | 2001.05 |

| Other Financial Assets | 7.23 | 17.27 | 6.48 |

| Deferred Tax Assets (net) | 150.31 | 150.68 | 98.46 |

| Non-Current Tax Assets (net) | 4.36 | - | - |

| Other Non-Current Assets | 55.12 | 6.16 | - |

| Inventories | 1.72 | 1.20 | 0.96 |

| Trade Receivables | 115.28 | 113.01 | 103.83 |

| Cash & Cash Equivalents | 24.55 | 18.44 | 11.20 |

| Other Bank Balances | 0.27 | 0.41 | 40.67 |

| Loans | 1.67 | 1.68 | - |

| Other Financial Assets | 18.63 | 13.13 | 7.21 |

| Current Tax Assets | 90.00 | 87.48 | 69.33 |

| Other Current Assets | 77.42 | 74.51 | 31.51 |

| TOTAL | 2885.83 | 2999.53 | 2949.61 |

Profit & Loss Statement (Standalone)

| Particulars (In Crs) | FY24 | FY25 | FY26 |

| Revenue from Operations | 36.29 | 38.21 | 39.79 |

| Other Income* | 3.50 | 1.58 | - |

| Total Revenue | 39.79 | 39.79 | 39.79 |

| Profit/(Loss) Before Tax | (5.25) | (3.84) | (22.32) |

| Profit/(Loss) After Tax | (5.25) | (3.84) | (22.32) |

Balance Sheet (Standalone)

LIABILITIES (In Crs)

| Particulars | FY24 | FY25 | FY26 |

| Equity Share Capital | 104.75 | 122.53 | 152.53 |

| Other Equity | 1139.44 | 1202.52 | 1211.90 |

| Total Equity | 1244.19 | 1325.05 | 1364.43 |

| Borrowings | 697.94 | 639.48 | 683.34 |

| Trade Payables | 10.83 | 3.21 | 2.87 |

| Provisions | 36.74 | 17.33 | 13.60 |

| Other Non Current Liability | 347.59 | 328.79 | 281.44 |

| Borrowings | 41.84 | 46.33 | 47.95 |

| Trade Payables | 2.08 | 2.88 | 2.97 |

| Other Financial Liability | 49.02 | 38.34 | 2.77 |

| Other Current Liability | 60.09 | 53.12 | 52.19 |

| Provisions | 20.67 | 11.20 | 7.64 |

ASSETS (In Crs)

| Particulars | FY24 | FY25 | FY26 |

| Property, Plant & Equipment | 42.03 | 37.67 | 34.20 |

| Investments | 302.99 | 312.99 | 312.99 |

| Trade Receivables | 1633.36 | 1632.02 | 1746.82 |

| Other Financial Assets | 7.21 | 17.25 | 6.46 |

| Deferred Tax Assets (net) | 151.45 | 151.45 | 99.11 |

| Non-Current Tax Assets (net) | 3.16 | 1.25 | - |

| Other Non-Current Assets | 55.12 | 6.16 | - |

| Inventories | 1.72 | 1.2 | 0.96 |

| Trade Receivables | 124.24 | 127.08 | 116.24 |

| Cash & Cash Equivalents | 5.02 | 8.61 | 4.38 |

| Other Bank Balances | 0.16 | 0.19 | 29.52 |

| Other Financial Assets | 18.49 | 11.68 | 11.06 |

| Current Tax Assets | 90.00 | 84.76 | 67.34 |

| Other Current Assets | 76.04 | 73.42 | 30.12 |

Claim Management

The Company is pursuing its receivables which are at various stages of negotiations/discussions with the clients/arbitrations/litigations. The Company is consistently aiming to resolve the disputes amicably, preserving long term relationships with the customers.

Opportunities

In Union Budget 2026-27, the government has allocated ₹3.10 lakh crore to MoRTH. Out of this, ₹1.87 lakh crore has been allocated to NHAI.