Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting pursuant to Regulation 30 of SEBI LODR
Date of Board Meeting / Approval: Friday, 14th August, 2026 (12:00 to 16:05 hours)
Audit Opinion: Qualified Conclusion
Auditor’s Comment: The auditor's limited review report issued a qualified conclusion due to two unresolved matters from the previous audit: 1) Recognition of arbitration claims aggregating ₹70,831.96 Lakhs as income and claims receivable, which is not in accordance with Ind AS. 2) Classification of a loan from Ocean Capital Market Limited as a secured borrowing and accrual of interest at 9% p.a., which creates a financial obligation beyond the scope of the approved Resolution Plan. Interest expense of ₹554.23 Lakhs for the quarter is considered overstated.
Key Financial Highlights [Unit: ₹ Lakhs]
Standalone Results:
Revenue from Operations: 1,452.91 (Q1 FY27) vs 1,868.19 (Q1 FY26) [YoY decrease]
Total Income: 1,540.78 (Q1 FY27)
Net Profit/(Loss): (1,095.64) (Q1 FY27) vs (11,552.48) (Q1 FY26)
EPS: (1.22) (Q1 FY27) vs (50.81) (Q1 FY26)
Paid-up Equity Share Capital: 9,011.85
Other Equity: 86,956.30
Debt: Not Specified
Consolidated Results:
Revenue from Operations: 1,452.91 (Q1 FY27) vs 1,868.19 (Q1 FY26) [YoY decrease]
Total Income: 1,540.78 (Q1 FY27)
Net Profit/(Loss): (1,089.98) (Q1 FY27) vs (11,554.36) (Q1 FY26)
EPS: (1.21) (Q1 FY27) vs (50.82) (Q1 FY26)
Paid-up Equity Share Capital: 9,011.85
Other Equity: Not Specified for current period (86,525.30 as of FY26)
Debt: Not Specified
Segment-wise Performance:
Based on Ind AS 108, the company operates in a single reportable segment: Construction Contract.
Corporate Actions:
Dividend: Not Specified
Other Corporate Actions: Not Specified
Other Significant Information:
AGM Details: The 29th Annual General Meeting is scheduled for Tuesday, 29th September, 2026 at 11:00 AM through VC/OAVM.
Record Date: The record date for e-voting is fixed on 22nd September, 2026 (Tuesday). The remote e-voting period is from Friday, 25th September, 2026 (9:00 am) to Monday, 28th September, 2026 (5:00 pm).
Book Closure: The Register of Members and Share Transfer Books will remain closed from Tuesday, 22nd September, 2026 to Tuesday, 29th September, 2026 (both days inclusive).
Accounting Policy Implementation: During the quarter, management implemented Ind AS 115 'Revenue from Contracts with Customers' and conducted a contract-wise ascertainment of surplus/deficit on construction contracts.
Subsidiary Claim: A claim of ₹6694.70 Lakhs raised by ARSS Damoh Hirapur Tolls Pvt Ltd (Subsidiary) is pending with MPRDC.