Board Meeting Details

The Board of Directors meeting was held In-Person at 807, 8th floor, the Capital, Bandra Kurla Complex, Bandra, Mumbai on Tuesday, August 11, 2026, from 3:30 PM to 6:30 PM.

Key Approvals

1. Financial Results Approval

The Board approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026, along with Limited Review Reports issued by statutory auditors M/s SRBC & Co. LLP. The results were reviewed and recommended by the Audit Committee.

The financial results are available on the company's website www.ashokabuildcon.com.

2. Management Re-designation

The Board approved re-designation of two Whole-time Directors to Joint Managing Directors:

  • Mr. Sanjay Prabhakar Londhe (DIN: 00112604) - Re-designated as Joint Managing Director effective August 11, 2026, for the remaining period of his existing tenure up to March 31, 2028, on existing terms and conditions subject to revision of remuneration payable. Subject to shareholder approval.
  • Mr. Ashish Ashok Kataria (DIN: 00580763) - Re-designated as Joint Managing Director effective August 11, 2026, for the remaining period of his existing tenure up to March 31, 2027, on existing terms and conditions subject to revision of remuneration payable. Subject to shareholder approval.

Director Profiles

Mr. Sanjay Prabhakar Londhe

  • Civil Engineering graduate with FIE qualification
  • 41 years of experience in infrastructure and construction industry
  • Joined Ashoka in 1989
  • Leads project execution functions including highways, bridges, expressways
  • Executed over 16,000 lane kilometres of highways including landmark projects:
  • India's first 8-lane Extra-Dosed Cable Stayed Bridge across River Narmada
  • Eastern Peripheral Expressway
  • Indore–Edlabad Highway
  • Roopnarayan Bridges
  • Awards: CEO of the Year (Construction Times, 2017), Engineer of the Year (FEIAP, 2014)
  • Not debarred from holding director office

Mr. Ashish Ashok Kataria

  • Promoter and Director of Ashoka Buildcon Limited
  • Joined ABL in 2002
  • Bachelor's in Civil Engineering, Masters in Construction Management, MBA
  • Currently pursuing Owner/President Management Course from Harvard Business School
  • Played significant role in strategic growth and diversification across highways, bridges, power transmission, railways, oil & gas projects
  • Expanded global footprint in Maldives, Bangladesh, Guyana, Benin, Angola, Liberia, Saudi Arabia
  • Instrumental in securing USD 150 million investment from SBI Macquarie into Ashoka Concessions Limited
  • Spearheaded entry into City Gas Distribution business and successful monetization through 100% stake sale to Morgan Stanley
  • Son of Mr. Ashok Motilal Katariya, Whole-time Director designated as Chairman
  • Not debarred from holding director office

Financial Results - Standalone (₹ in Lakhs)

Quarter Ended June 30, 2026 (Q1 FY27)

  • Revenue from Operations: 132,044.22
  • Total Income: 132,044.22
  • Total Expenses: 127,748.54
  • Profit before Exceptional Items and Tax: 4,295.68
  • Exceptional Items: 0
  • Share of Profit from Partnership Firms: 5.36
  • Profit before Tax: 4,301.04
  • Tax Expense: 1,147.35 (Current tax: 1,598.71, Deferred tax credit: 451.36)
  • Profit after Tax: 3,153.69
  • Other Comprehensive Income: 47.17
  • Total Comprehensive Income: 3,200.86
  • EPS: ₹1.12 (basic & diluted)

Comparative Standalone Performance

| Period | Revenue | PAT | EPS |

| Q1 FY27 (Jun 2026) | 132,044.22 | 3,153.69 | 1.12 |

| Q4 FY26 (Mar 2026) | 181,856.56 | 4,885.56 | 1.74 |

| Q1 FY26 (Jun 2025) | 133,911.66 | 3,062.15 | 1.09 |

| FY26 (Mar 2026) | 595,220.28 | 32,043.65 | 11.41 |

Financial Results - Consolidated (₹ in Lakhs)

Quarter Ended June 30, 2026 (Q1 FY27)

  • Revenue from Operations: 149,960.51
  • Other Income: 3,411.20
  • Total Income: 153,371.71
  • Total Expenses: 136,085.44
  • Profit before share of profit/(loss) of JVs/associates and tax: 17,286.27
  • Share of Loss from JVs/associates: (6.60)
  • Profit before Exceptional Items and Tax: 17,279.67
  • Exceptional Items: 0
  • Profit before Tax: 17,279.67
  • Tax Expense: 4,562.43 (Current tax: 4,061.48, Prior year tax: 74.88, Deferred tax: 426.07)
  • Profit after Tax: 12,717.24
  • Other Comprehensive Loss: (429.22)
  • Total Comprehensive Income: 12,288.02
  • Attributable to Owners: 12,347.67
  • Attributable to Non-controlling interests: (59.65)
  • EPS: ₹4.55 (basic & diluted)

Comparative Consolidated Performance

| Period | Revenue | PAT | EPS |

| Q1 FY27 (Jun 2026) | 149,960.51 | 12,717.24 | 4.55 |

| Q4 FY26 (Mar 2026) | 195,430.31 | 14,680.72 | 5.10 |

| Q1 FY26 (Jun 2025) | 188,706.72 | 22,689.15 | 7.74 |

| FY26 (Mar 2026) | 751,988.39 | 257,580.19 | N/A |

Key Financial Ratios - Standalone

Quarter Ended June 30, 2026

  • Debt-Equity Ratio: 0.49
  • Debt Service Coverage Ratio: 0.94
  • Interest Service Coverage Ratio: 2.08
  • Current Ratio: 2.19
  • Operating Margin: 7.22%
  • Net Profit Margin: 2.45%
  • Total Equity: ₹4,36,373.51 lakhs
  • Net Worth: ₹4,36,373.51 lakhs

Key Financial Ratios - Consolidated

Quarter Ended June 30, 2026

  • Debt-Equity Ratio: 0.44
  • Debt Service Coverage Ratio: 1.94
  • Interest Service Coverage Ratio: 3.50
  • Current Ratio: 2.48
  • Operating Margin: 17.19%
  • Net Profit Margin: 8.48%
  • Total Equity: ₹6,70,547.82 lakhs
  • Net Worth: ₹6,62,940.38 lakhs
  • Outstanding Redeemable Preference Shares: 64,81,250 shares (₹6,236.81 lakhs)

Legal and Regulatory Matter

Pursuant to an FIR filed by CBI alleging bribery of NHAI officials for a project in Bihar, the company received a final chargesheet dated February 15, 2024, from the Court of Special Judge, CBI, Bihar on February 28, 2025. The company has been arraigned primarily for alleged non-completion/deviation in executed work and minor quality irregularities during April 2021 to August 2022.

As of June 30, 2026, the project execution has been completed and the company has received completion certificate from NHAI. Management believes the company adhered to contractual obligations and expects no material financial impact.

The company filed a writ petition on May 11, 2026, with the High Court of Judicature at Patna seeking quashing of allegations on grounds of no evidence linking the company to bribery and unreliable evidence.

The matter remains sub-judice, and no adjustments have been made to the financial results.

Exceptional Items

For FY26, standalone exceptional items included:

  • Gain on sale of stake in BOT/HAM subsidiaries: ₹11,212.99 lakhs
  • Write back of excess provision of investor obligation: ₹9,532.28 lakhs
  • Impairment on loan to subsidiaries: (₹3,749.54) lakhs
  • Recognition of past service cost on gratuity: (₹523.27) lakhs
  • Total: ₹16,472.46 lakhs

Subsidiary Updates

  • The company and Ashoka Concessions Limited are divesting entire stake in certain HAM road project subsidiaries awarded by NHAI. Assets and liabilities of five HAM subsidiaries classified as held for sale.
  • The company is divesting 100% stake in GVR Ashoka Chennai ORR Limited, with related assets/liabilities classified as held for sale.
  • Ashoka Purestudy Technologies Private Limited (APTPL) allotted 29,879 equity shares to a new investor on June 12, 2026, reducing company's stake from 59% to 39.33%. APTPL ceased to be a subsidiary and became an associate.

Segment Information - Consolidated

Revenue (₹ in Lakhs) for Q1 FY27

  • Construction & Contract: 142,336.10
  • BOT/Annuity Projects: 6,624.41
  • Sale of Goods: 1,000.00
  • Total: 149,960.51

Segment Results (₹ in Lakhs) for Q1 FY27

  • Construction & Contract: 6,624.41
  • BOT/Annuity Projects: 10,431.25
  • Sale of Goods: 713.29
  • Total: 17,768.95

Auditor Information

Statutory Auditor: M/s SRBC & Co. LLP (ICAI Firm registration number: 324982E/E300003)

Review conducted under Standard on Review Engagements (SRE) 2410

Unmodified conclusion on both standalone and consolidated financial results