A meeting of the Board of Directors of B.R.Goyal Infrastructure Limited was held on 05 November 2026, commencing at 16:00 IST and concluding at 17:30 IST. The following matters were considered and approved:

1. Un-audited Financial Results for H1 FY27

The Board approved the Un-audited Financial Results (Standalone and Consolidated) for the half-year ended 30 September 2026. The results were reviewed by the Audit Committee and accompanied by Limited Review Reports from the Statutory Auditor, M/s A B M S & Associates, Chartered Accountants (FRN: 030879C).

Standalone Financial Highlights (₹ in Lakhs):

  • Revenue from operations: 53,127.12 (vs. 32,850.52 in H1 FY26)
  • Total Income: 53,293.60 (vs. 32,989.09 in H1 FY26)
  • Profit before tax: 2,698.96 (vs. 2,207.36 in H1 FY26)
  • Profit for the period: 2,153.19 (vs. 1,611.66 in H1 FY26)
  • Basic EPS: ₹9.04 (vs. ₹8.58 in H1 FY26)
  • Diluted EPS: ₹8.92 (vs. ₹8.58 in H1 FY26)

Consolidated Financial Highlights (₹ in Lakhs):

  • Revenue from operations: 54,971.34 (vs. 34,213.41 in H1 FY26)
  • Total Income: 55,138.49 (vs. 34,367.79 in H1 FY26)
  • Profit before tax: 2,756.91 (vs. 2,219.20 in H1 FY26)
  • Profit for the period: 2,182.76 (vs. 1,605.27 in H1 FY26)
  • Basic EPS: ₹9.30 (vs. ₹8.55 in H1 FY26)
  • Diluted EPS: ₹9.05 (vs. ₹8.55 in H1 FY26)

The consolidated results include subsidiaries: B.R.Goyal Tollways LLP, BR DSR Lateri Shamshabad Private Limited, BRGIPL JV KTIL LLP, BRGIL JV Girija Constructions, BRGIL JV Sundar Madhav Constructions LLP, and associate BRGIL LLP.

2. Increase in Remuneration of Executive Directors

Based on the recommendation of the Nomination and Remuneration Committee, the Board approved increases in remuneration for:

  • Mr. Utpal Goyal (DIN: 08215995), Executive Director
  • Mr. Yash Goyal (DIN: 08216033), Executive Director

Both approvals are subject to shareholder approval via a Special Resolution to be passed through Postal Ballot.

3. Payment of Managerial Remuneration in Excess of Statutory Limits

The Board approved, subject to shareholder approval, the payment of managerial remuneration to Directors in excess of limits prescribed under Section 197 of the Companies Act, 2013 read with Schedule V.

4. Setting-up of RMC Plant in Indore

The Board approved setting up a Ready-Mix Concrete (RMC) plant with a production capacity of 2 lakh cubic meters per annum at Indore, Madhya Pradesh, by shifting the company's existing plant from Maharashtra. Key details:

  • Existing capacity at Indore: Nil
  • Proposed capacity: 2 lakh cubic meters per annum
  • Completion target: By quarter ending March 2027
  • Investment required: Nil (existing plant being shifted)
  • Rationale: Business expansion for third-party sales

5. Postal Ballot Process

The Board approved the process for obtaining shareholder approval for the remuneration increases, including:

  • Appointment of CS Ankit Joshi (FCS 13203, CP No.: 18660) as Scrutinizer
  • Calendar of events and cut-off dates for the postal ballot process
  • Notice of Postal Ballot to be submitted to stock exchanges in due course

6. Additional Disclosures

  • During H1 FY27, the company issued 11,00,000 Convertible Equity Share Warrants on a preferential basis to Non-Promoter Investors at ₹119 per warrant (25% initial subscription of ₹29.75 received, totaling ₹3,27,25,000; balance 75% exercisable within 18 months).
  • Final Dividend for FY 2025-26 of ₹0.25 per share was paid during H1 FY27.
  • The statutory auditors certified that funds raised through the preferential issue (₹327.25 lakh) were fully utilized for working capital requirements as per the offer document, with no deviation.