Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026

Nature of Filing / Announcement: Outcome of Board Meeting pursuant to Regulation 30 of SEBI LODR

Audit Opinion:

Qualified Conclusion - The independent auditor's limited review report expressed a qualified conclusion regarding the recognition of arbitration claims and classification of borrowing from Ocean Capital Market Limited.

Key Financial Highlights [₹ in Lakhs]:

Standalone Results:

Quarter ended September 30, 2026:

  • Revenue from Operations: 2,310.91 (vs 1,141.00 in Q2 FY26 - 102.5% YoY increase)
  • Total Income: 2,390.46
  • Net Profit/(Loss): (806.96) (vs (3,22,770.03) in Q2 FY26)
  • EPS: (0.90) (vs (1,428.25) in Q2 FY26)

Half Year ended September 30, 2026:

  • Revenue from Operations: 3,763.82 (vs 3,009.19 in H1 FY26 - 25.1% YoY increase)
  • Total Income: 3,931.24
  • Net Profit/(Loss): (1,902.60) (vs (3,34,322.51) in H1 FY26)
  • EPS: (2.11) (vs (1,479.36) in H1 FY26)

Balance Sheet Position as of September 30, 2026:

  • Equity Share Capital: 9,011.85
  • Other Equity: Not Specified for current period (86,956.30 as of March 31, 2026)
  • Cash and Cash Equivalents: 1,398.29
  • Total Borrowings: 28,211.90 (27,871.86 non-current + 340.04 current)

Consolidated Results:

Quarter ended September 30, 2026:

  • Revenue from Operations: 2,310.91
  • Total Income: 2,390.46
  • Net Profit/(Loss): (806.85)
  • EPS: (0.90)

Half Year ended September 30, 2026:

  • Revenue from Operations: 3,763.82
  • Total Income: 3,931.24
  • Net Profit/(Loss): (1,896.82)
  • EPS: (2.10)

Segment-wise Performance:

The company operates in a single reportable segment - Construction Contract, as determined under Ind-AS 108 "Operating Segments".

Corporate Actions:

1. Increase in Authorized Share Capital: Approved increasing from ₹500 crore to ₹1,100 crore comprising ₹230 crore equity shares and ₹870 crore preference shares

2. Preference Share Issuance:

  • 5,00,00,000 preference shares (0.01% non-cumulative non-convertible redeemable) to Ocean Capital Market Limited (₹50 crore)
  • 50,00,00,000 preference shares (0.01% non-cumulative non-convertible redeemable) to Mr. Dipti Ranjan Patnaik (₹500 crore)

3. Postal Ballot: Approved convening postal ballot for shareholder approval with remote e-voting from November 17 to December 16, 2026

Other Significant Information:

1. Arbitration Claims: Claims of ₹70,831.96 lakhs continue to be carried as Claims Receivable under Other Financial Assets

2. Subsidiary Claim: Claim of ₹6,694.70 lakhs by ARSS Damoh Hirapur Tolls Pvt Ltd (Subsidiary) is pending with MPRDC

3. IND AS-115 Implementation: Management has implemented IND AS-115 Revenue from Contract with Customers

4. Entities in Consolidation: Includes 1 holding company, 1 subsidiary, 1 associate, and 13 joint ventures